Johnson Team Real Estate

Your Bellingham Real Estate Resource

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The True Cost of Selling Your House on Your Own

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Selling your house is no simple task. While some homeowners opt to sell their homes on their own, known as a FSBO (For Sale by Owner), they often encounter various challenges without the guidance of a real estate agent. If you’re currently considering selling your house on your own, here’s what you should know. The most recent Profile of Home Buyers and Sellers from the National Association of Continue Reading about The True Cost of Selling Your House on Your Own

Why the Median Home Price Is Meaningless in Today’s Market

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The National Association of Realtors (NAR) will release its latest Existing Home Sales (EHS) report later this week. This monthly report provides information on the sales volume and price trend for previously owned homes. In the upcoming release, it’ll likely say home prices are down. This may feel a bit confusing, especially if you’ve been following along and seeing the blogs saying that home Continue Reading about Why the Median Home Price Is Meaningless in Today’s Market

A Drop in Equity Doesn’t Mean Low Equity

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You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too. Here’s how this has played out recently.  Home prices rose rapidly during the ‘unicorn’ years. That gave homeowners a considerable Continue Reading about A Drop in Equity Doesn’t Mean Low Equity

Your Needs Matter More Than Today’s Mortgage Rates

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If you’re thinking about selling your house right now, chances are it’s because something in your life has changed. And, while things like mortgage rates are a key part of your decision on what you’ll buy next, it’s important to not lose sight of the reason you want to make a change in the first place. It’s true mortgage rates have climbed from the record lows we saw in recent years, and that Continue Reading about Your Needs Matter More Than Today’s Mortgage Rates

Oops! Home Prices Didn’t Crash After All

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During the fourthquarter of last year, many housing experts predicted home prices were going to crash this year. Here are a few of those forecasts: Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business: “I expect housing prices fall 10% to 15%, and the housing prices are accelerating on the downside.” Mark Zandi, Chief Economist at Moody’s Continue Reading about Oops! Home Prices Didn’t Crash After All

Keys to Success for First-Time Homebuyers

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Buying your first home is an exciting decision and a major milestone that has the power to change your life for the better. As a first-time homebuyer, it’s a vision you can bring to life, but, as the National Association of Realtors (NAR) shares, you’ll have to overcome some factors that have made it more challenging in recent years: “Since 2011, the share of first-time home buyers has been Continue Reading about Keys to Success for First-Time Homebuyers