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So far shannonbellpeterson has created 337 blog entries.

3 Charts That Show This Isn’t a Housing Bubble

With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons. 1. The housing market isn’t driven by risky mortgage loans. Back in 2006, nearly everyone could [...]

July 20th, 2021|

Housing Supply Is Rising. What Does That Mean for You?

An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we’ll see. Odeta Kushi, Deputy Chief Economist at First American, recently said of our supply challenges: “It looks like inventory may have hit a bottom (we’ve seen this in [...]

July 16th, 2021|

Just Listed in N. Tacoma – $795,000

923 N Ainsworth, Tacoma, WA 98403 Tacoma Charmer in quiet and convenient locale! This spacious home sits on an oversized corner lot and has a huge backyard - a gardener's paradise for sure! The main floor layout allows for a multitude of living styles- living room, family room, bonus room, well equipped kitchen and 1 [...]

July 15th, 2021|

Just Listed in Puyallup – $550,000

9310 64th Av Ct E, Puyallup, WA 98371 You'll be amazed by this home from the moment you arrive-fine tuned landscaping, luxury finishes, and detailed organization-it's a lot to love! Fully renovated and customized this home invites you in and, I promise, you won't want to leave. High end, thoughtful detail-in the kitchen find luxury [...]

July 14th, 2021|

What To Expect as Appraisal Gaps Grow

In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: “The frequency of buyers being willing to pay more than the market data supports is increasing.” [...]

June 29th, 2021|

Homebuyers: Hang in There

Some Highlights Today’s sellers’ market provides unique challenges—and benefits—for buyers.Current low interest rates won’t last forever, and home prices are forecast to rise.If you’re a homebuyer, hang in there. Homeownership improves your quality of life, and the long-term benefits outweigh the short-term challenges. The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping [...]

June 25th, 2021|

Just Listed in N. Tacoma – $640,000

3112 N 21st, Tacoma, WA 98406 Situated near Proctor and UPS - a great walkability home! Renovated in 2014 - this 1940 built home has continued to be improved upon with the addition of a new furnace in 2019 and a new roof that was just installed. "Open" living on the main level is enhanced [...]

June 17th, 2021|

Just Listed in N. Tacoma – $775,000

1422 N Oakes St, Tacoma, WA 98406 A North Tacoma home that is "done"-this one wraps you like a cashmere blanket- luxurious and warm! Completely updated by a talented contractor/designer pair that know just how to finish their home to make it comfortable for years to come-now you get to benefit. Fully remodeled to the [...]

June 16th, 2021|

New Price – Lakewood – $850,000

7517 W Dowerdell Lane, Lakewood, WA 98499 Historic storybook home built by Tacoma lumberman, John Dower. This home served as a respite for city dwellers and has been beautifully maintained by only 3 owners-grand rooms provide classic elements and architectural detail. Original oak/birch hardwood floors, custom cabinetry and trim reflect the period grandeur. Magnificent windows [...]

June 16th, 2021|

Why This Is Not Like 2008 Again

During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy. The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small [...]

June 10th, 2021|