92% of millennial homebuyers say inflation has impacted their purchase plans, but most are plowing ahead anyway

KEY POINTS

  • Millennials — who are roughly ages 27 to 42 — are in their prime homebuying years.
  • While the combination of high home prices and rising interest rates has caused affordability issues for many buyers, the situation is gradually

Lowest Rates in Months After Inflation Data

By: Matthew Graham

December 13, 2022

There aren’t many scheduled economic reports that are as hotly anticipated as was today’s Consumer Price Index (CPI).  The market’s reaction more than validated the anticipation.  What does all this mean for rates?

Inflation …

Is it a Bad Time to Buy a Home?

Is now a good time to buy?

It can’t be both a great time to sell and an awesome time to buy at the same time. It is a tough time to buy, but things are getting better.Buying a home as an investment in your future

Mortgage rates …

There are over 398,908 residents who are currently renting but can afford to purchase a home!

It’s amazing to us, but, right here in the 3-county area (King, Pierce and Snohomish), there are over 398,908 residents who are currently renting but can afford to purchase a home.

They are qualified to buy a home, so why …

Low Interest Rates Create Bubbles

The economics profession has long had a vigorous academic argument over “natural” interest rates. What would rates be if we could somehow remove all the

subjective actors—central banks, commercial lenders, government agencies—that conspire to set them? What would nature do …

5 Lifelong Financial Habits Anyone Can Do

By the time you reached elementary school, you probably already did some good-for-you things by habit, from brushing your teeth to tying your shoes and even saying “thank you” (from time to time).

Research backs up early habit making: A …

“Marry the House, Date the Rate!”

I read this today and I am adopting as my new slogan!

The press seems consumed with the idea of a recession in 2023 or 2024… which would mean:Marry the House, Date the Rate

  1. We’ll hear about it for another year or two, and this

5 Things First Time Buyers Need to Know When Making an Offer

When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer …

What did 2021 tell us about buying a home?

If I was to look back at 2021 and come up with what gave most prospective homeowners the edge they need to close a deal on a home I would give you these ideas.

  1. Competitive Offers Close Deals

Just like …

What is the Best One Piece of Advice When Buying a Home?

Education! Education! Education! – it is by far the best piece of advice when buying your first house.  The home buying process can be stressful and full of anxiety if you don’t know the steps.Welcome home mat

Buyers get swept up in …