Ok, this is getting ridiculous....Rain, 50 degrees.....do we live in Seattle? Or maybe Tacoma....Geez. The weather has been ripe for one thing and one thing only....depression.
Well, I have just the cure: 4.25% interest rates on owner occupied homes! HOLY COW! I can remember back in 2002/3 when at 6% the historically low rates were making the headlines....Current rates though trump them all. Yes, they may be artificial. Regardless, there seems to be no better time to snake up that home you have been driving by daily, or put the hammer down on your timeline to purchase.
I do not claim to have a crystal ball regarding home values or even where the market going, but I do know that people will always need housing, Anacortes is and will continue to be a superb location, and with the reduction in pricing over the last few years.....the time seems pretty darn good. Interest rates are the icing on the cake.
With the potentially ominous 'sky is falling' news you hear regarding the international and national economic position of the US, I can totally see why some are skeptical and keeping their cash close by.......but there are good deals to be had and either you can make your play while we know pricing and rates are good, or you can wait and possibly miss the train.
So, my recommendation? Get outside, go on walks around the neighborhood, listen to your neighbors chat, keep your ears and eyes open for the house that truly suits your fashion. Then...run the numbers if there happens to be a price on it. Check the county assessor's site at www.skagitcounty.net for tax values.....My website, www.anacorteshomebuyer.com has a mortgage calculator attached to each listing so you can refine your down payment and rates. Or don't hesitate to call some local lenders to get some numbers for more insight.
There is no doubt the train is moving.....slowly right now and it may even be on a snails pace in the wrong direction. But at some point, and my guess is in the next 1-2 years....it will finally latch up with its other cars......then the market horsepower will slowly start to grind its way to a bigger and better position. Its currently the 'Big Engine that Could'.....and soon it will reach the top of this laborious hill......and then, standby to standby!
Cheers and Happy Belated Memorial Day.
Tuesday, May 31, 2011
Friday, February 18, 2011
Finally, back to blooging!
I apologize! No real excuse for not touching base seeing I am not lacking opinions on the current events. Sometimes we get caught up in other things.
Regardless, here is what is new, what is happening and what may be forthcoming:
First, real estate. Activity is there, pricing is somewhat stable currently, but due the the apparent negative economic national outlook, along with the issues in the filtering states such as California and Arizona, I feel that pricing will remain somewhat stagnate. Additionally, depending on just how many 'asset problems' the mortgage banks have and how many more foreclosures occur........it could continue to sag and decrease even another 5-10%. Bottomline, no one knows and it will only be in retrospect that we see who was right or wrong.
Either way, if you are wanting to make a purchase.....make it a long term purchase of 5 years or more and I feel it will be as good as, if not better than renting. If your timeline is less, you may want to hold off.
Second, new beginnings: Anthony's has arrived. A very good, seafood based restaurant that recently opened up at the Cap Sante Marina. The food is tasty, the atmosphere extremely desireable and it has created quite a few additional jobs here in town. I recommend it highly.
Lastly, 2011. I love Anacortes for its small seaside character which includes all its festivals and events. The Waterfront festival, Arts and Crafts festival, Oyster Run and now which will be the SECOND ANNUAL Oktoberfest.....! You gotta get downtown for these events .... Of course, the Fourth of July parade is always good along with its light show off the Cap Sante for fireworks and list goes on.
Things are tight with many this year as they have been for quite some time. If you can though, get downtown and spend some cash. Enjoy as many of the local events as you can to help out the smaller businesses and keep our town great.
Happy 2011!
Troy
Regardless, here is what is new, what is happening and what may be forthcoming:
First, real estate. Activity is there, pricing is somewhat stable currently, but due the the apparent negative economic national outlook, along with the issues in the filtering states such as California and Arizona, I feel that pricing will remain somewhat stagnate. Additionally, depending on just how many 'asset problems' the mortgage banks have and how many more foreclosures occur........it could continue to sag and decrease even another 5-10%. Bottomline, no one knows and it will only be in retrospect that we see who was right or wrong.
Either way, if you are wanting to make a purchase.....make it a long term purchase of 5 years or more and I feel it will be as good as, if not better than renting. If your timeline is less, you may want to hold off.
Second, new beginnings: Anthony's has arrived. A very good, seafood based restaurant that recently opened up at the Cap Sante Marina. The food is tasty, the atmosphere extremely desireable and it has created quite a few additional jobs here in town. I recommend it highly.
Lastly, 2011. I love Anacortes for its small seaside character which includes all its festivals and events. The Waterfront festival, Arts and Crafts festival, Oyster Run and now which will be the SECOND ANNUAL Oktoberfest.....! You gotta get downtown for these events .... Of course, the Fourth of July parade is always good along with its light show off the Cap Sante for fireworks and list goes on.
Things are tight with many this year as they have been for quite some time. If you can though, get downtown and spend some cash. Enjoy as many of the local events as you can to help out the smaller businesses and keep our town great.
Happy 2011!
Troy
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