RECENT BLOG POSTS
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The subtitle of this message should be the paraphrase of Mark Twain: Bank Liquidity-"The reports of my death have been greatly exaggerated." The media coverage of the financial and Real Estate news has created a lot of confusion amongst the general public. I have had Realtors tell me that so...
10/15/2008
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I am not one that likes to make negative predictions, but the recent financial news leads me to conclude that mortgage rates will be going up. For those who are ready to buy or refinance, I believe now is a good time to lock in your interest rate. If you want the long version, read on: Normally ...
10/09/2008
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For those people who have been looking at homes and are on the fence, I would encourage you to act now and get your mortgage rate locked in, as I think some of today's events will lead to higher rates in the next few weeks, and possibly even today. The early warning sign was the fact that the sto...
10/03/2008
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Now I know I am not as smart as FED Chief Ben Bernanke and all his advisors, but I have to voice my opinion that this $700Billion bailout is a bad deal for the economy and the country. First, it will result in a raising of interest rates and a slowing of the economy. This is because the Govern...
09/23/2008
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It looks like the pieces have fallen into place for home sales to start to pick back up in Wenatchee. The two main factors are lower financing rates and available affordable homes. A year ago you couldn't find any homes under $200,000 in Wenatchee, but currently there are 70 homes on the Wenatche...
09/17/2008
Just an update on the economy and mortgage rates- I had mentioned previously that rates are volatile because the inflation news raises rates and recession or slowdown news lowers rates. Mortgage rates have been moving up and down with every news headline. Here is my best guess from what I read...
09/04/2008
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In the Wenatchee Real Estate market, you have to be careful about too many statistics. I actually took a statistics class or two back at UW many years ago, and we learned about something called sample size. Basically, if you don't have a lot of pieces to measure and slice and dice, it is hard ...
07/16/2008
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One of the things I love about my job is that I have to inspect home construction projects every month throughout North Central Washington, which allows me time to enjoy the beauty and wildlife of our area. I recently made my monthly trip up to Winthrop and Mazama in the Methow Valley, and (I apo...
06/09/2008
I wrote last time that this was a great year for building your own home, and I have had lots of requests for financing. One thing I want to point out to people, is that at this point in time, if you want someone to finance you as an owner builder, you will need some equity in your land or have ...
04/22/2008
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2008 seems to be a great year to build your own home in the Wenatchee area. I have seen a large increase in the number of clients requesting owner-builder mortgages. Some bought land a few years ago and others are buying their lots now. It looks like people will save some money building their h...
03/16/2008