The new year is right around the corner! As we wrap up a great real estate year, we are eager to see what 2016 has in store for the housing market. This week’s #MarketMonday highlights how current homeowners have seen a healthy growth in their home equity and how they could be in store for some tax credits through the end of next year. We also found some calculation tips for home buyers trying to determine what they can afford when taking out a mortgage after finding that perfect home. Lastly, we discuss Seattle’s hot housing market and how it’s affecting millennials looking to buy.
My team is happy to answer any questions about the current real estate market or to discuss what is most important to you whether you are looking to buy, sell or invest in today’s market.
One of the pros to investing in a home is building home equity. Homeowners have seen steady and significant growth in equity during 2015. Here’s to a great ending to 2015 as we head into what’s looking to be another great year in 2016!
Many home buyers can’t avoid taking out a mortgage. Mortgages can get very confusing and overwhelming for interested buyers and it’s easy to make miscalculations. We’ve found four tips to help buyers avoid common mistakes. We want to help you determine what you can afford when buying a home.
Homeowners may be eligible for tax credits this year! The House and Senate are handing out energy-efficient credits through the end of this year and through 2016 as well. It’s predicted that homeowners will save around $700 million in taxes due to this new extension.
Millennials are entering the real estate market at rapid speeds. Seattle is one of the top cities for this generation and it also has one of the top housing markets, which is making it extremely competitive. Not only are millennials competing against others in their generation but older generations as well.