With skyrocketing housing prices and mortgage rates notching ever higher, is there any hope for a median-income family to find a place of their own? On this episode of Open House, the answer is a definitive “Ja!”
(Eric is in a particularly Norwegian mood on this broadcast).
Inventory challenges aside, it all comes down to strategy. A grocery clerk won’t find a ‘super market’ for housing in Bellevue – but may discover opportunities ‘stocked’ in cities like Maple Valley, Black Diamond or Buckley - and once invested, equity will clear the path for moving up.
You’ll come away from this podcast learning:
· Workable strategies to advance from starter home to dream home.
· Current analysis on whether interest rates will level off.
· The impact of societal changes on housing expectations.
· Why -despite Reddit-fueled fears- the end of forbearance will not crash the housing market.
· What efforts the government is making to close the housing gap – and how successful it’s likely to be.
· How bureaucratic lending policies tend to hose small investors and work at cross-purposes to housing solutions.
· Why some zero-down lending programs are being suspended – and what it takes to qualify for the ones left.
· Why it’s important to keep your agent apprised of your loan qualifications (and what can happen if you don’t).
Plus, Reba gives a timely rundown of available units 500K and under in King County, and Eric lays out lending options for a home upgrade.
All that - and an impromptu Norwegian lesson –on this episode of Open House with Team Reba.
Håper det smaker! (Bon appetit)
With skyrocketing housing prices and mortgage rates notching ever higher, is there any hope for a median-income family to find a place of their own? On this episode of Open House, the answer is a definitive “Ja!”
(Eric is in a particularly Norwegian mood on this broadcast).
Inventory challenges aside, it all comes down to strategy. A grocery clerk won’t find a ‘super market’ for housing in Bellevue – but may discover opportunities ‘stocked’ in cities like Maple Valley, Black Diamond or Buckley - and once invested, equity will clear the path for moving up.
You’ll come away from this podcast learning:
· Workable strategies to advance from starter home to dream home.
· Current analysis on whether interest rates will level off.
· The impact of societal changes on housing expectations.
· Why -despite Reddit-fueled fears- the end of forbearance will not crash the housing market.
· What efforts the government is making to close the housing gap – and how successful it’s likely to be.
· How bureaucratic lending policies tend to hose small investors and work at cross-purposes to housing solutions.
· Why some zero-down lending programs are being suspended – and what it takes to qualify for the ones left.
· Why it’s important to keep your agent apprised of your loan qualifications (and what can happen if you don’t).
Plus, Reba gives a timely rundown of available units 500K and under in King County, and Eric lays out lending options for a home upgrade.
All that - and an impromptu Norwegian lesson –on this episode of Open House with Team Reba.
Håper det smaker! (Bon appetit)