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2016 Sammamish Market Report/ 2017 Housing Predictions... One Word: HOT!
Posted by Cary W Porter on
The median home value in 98075 is $889,000. 98075 home values have gone up 13.5% over the past year and The Cascade Team predicts they will rise a minimum of 5.3% within the next year. The median list price per square foot in Sammamish is $303. The median price of homes currently listed in 98075 is $988,000 with the median Sold price for November 2015 coming in at $902,264.
Median price is the midpoint between the highest and lowest price. Median prices give a more accurate picture of pricing because it's not skewed by unusually high or low priced sales. Find out the price of your home.
Additionally Sammamish is one of the "Heathiest" real estate markets in the country. As of the latest national report which was issued…
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The Fed hiked its key rate by 25 basis points to a range between 0.50% and 0.75% at Wednesday's meeting. That increase is likely to have an effect on mortgage rates going forward. To that end, The Cascade Team has calculated how the rate hike this week would affect mortgage payments with rates moving up from a 4.0% rate to one with a 4.25% rate. (Please note that the payments are based on borrowers with a minimum 720 credit score and 20% down. Payments also do not include property taxes or any HOA fees or assessments).
One rate hike won't change the world but the process of rising rates affects millions of Americans. If you have a credit card or savings account, invest in stocks or bonds, want to buy a home or a car, pay attention.
By Teke Wiggin
