Johnson Team Real Estate

Your Bellingham Real Estate Resource

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Are More Homeowners Selling as Mortgage Rates Come Down?

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If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale. The Mortgage Rate Lock-In Effect Over the past year, one factor that’s really limited the options for your move is how few homes were on the Continue Reading about Are More Homeowners Selling as Mortgage Rates Come Down?

Experts Project Home Prices Will Increase in 2024

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Even though home prices are going up nationally, some people are still worried they might come down. In fact, a recent survey from Fannie Mae found that 24% of people think home prices will actually decline over the next 12 months. That means almost one out of every four people are dealing with that fear, and you might be, too. To help ease that concern, here's what experts Continue Reading about Experts Project Home Prices Will Increase in 2024

2 Reasons Why Today’s Mortgage Rate Trend Is Good for Sellers

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If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you. Mortgage rates have descended since last October when they hit 7.79%. In fact, they’ve been below 7% for over a month now (see graph below): And while they’re not going back to the 3% we saw during Continue Reading about 2 Reasons Why Today’s Mortgage Rate Trend Is Good for Sellers

Homeownership Is Still at the Heart of the American Dream

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Buying a home is a powerful decision, and it remains at the heart of the American Dream. Unlike renting, owning a home means more than just having a place to live – it offers a sense of belonging, stability, and freedom. According to Nicole Bachaud, Senior Economist at Zillow: “The American Dream is still owning a home. There’s a lot of pent-up demand for ownership; that isn’t Continue Reading about Homeownership Is Still at the Heart of the American Dream

Ways Your Home Equity Can Help You Reach Your Goals

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If you’ve owned your house for at least a couple of years, there’s something you’re going to want to know more about – and that’s home equity. If you’re not familiar with that term, Freddie Mac defines it like this: “. . . your home’s equity is the difference between how much your home is worth and how much you owe on your mortgage.” That means your equity grows as Continue Reading about Ways Your Home Equity Can Help You Reach Your Goals

A Celebration of Lylene Johnson…

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It's with great sorrow & heartache that I share with you the following: Lylene passed away in my arms the morning of Jan 2nd. While we have known for several years that this would be the outcome, knew the process of which she would go through & even knew what her final moments would be like, nothing can prepare you for the emptiness & pain of it actually happening. In Continue Reading about A Celebration of Lylene Johnson…