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So far shannonbellpeterson has created 109 blog entries.

Low Inventory Pushes Home Prices Higher

According to CoreLogic’s latest Home Price Index, prices appreciated by 6.9% year-over-year from December 2016 to December 2017 on a national level. This marks the fifth month in a row with at least a 6.9% increase. Dr. Frank Nothaft, Chief Economist for CoreLogic, gave insight into the reason behind the large appreciation, “The number of homes for sale has remained [...]

February 15th, 2018|

2 Major Myths Holding Back Home Buyers

Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.” Myth #1: “I Need a 20% Down Payment” Buyers often overestimate the down payment funds needed to qualify [...]

January 30th, 2018|

Local Market Update

See the table below.  I’ve taken a snapshot of our market to show just one story in our market this year.  I’ve used my neighborhood, zip code 98406, to illustrate the workings of 2017.  If you look at the “Year to Date” column you’ll see that number of listings last year was roughly the same [...]

January 11th, 2018|

Washington and Idaho were top draws for people relocating in 2017

By Debbie Cockrell dcockrell@thenewstribune.com January 02, 2018 02:21 PM UPDATED 3 HOURS 4 MINUTES AGO Washington is a move-to destination, and Atlas Van Lines offers its 2017 migration data as proof. The mover’s latest migration study shows the state was one of the top destinations for people relocating last year, second only to Idaho. Atlas [...]

January 3rd, 2018|

How Rising Prices Will Help You Build Family Wealth in 2018

Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchases and closes on a $250,000 home this [...]

January 3rd, 2018|

Housing Prices are NOT Heading for Another Crash

As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explained that the lenient lending standards of the previous decade (which created false demand) no longer exist. But what about prices? Are prices [...]

December 21st, 2017|