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10 Housing Market AND Humorous Predictions for 2017
Posted by Cary W Porter on
Well here we are on the doorsteps of 2017. The past year certainly flew by and was full of surprises and included one of the busiest housing markets we’ve ever seen. Here are several well researched and thought out predictions for the housing market going into 2017, and sprinkled throughout are also a few more “Humorous” predictions that span from Fake News Stories, The Seahawks and even to Marvel Entertainment… We hope you enjoy!
- The housing market will continue to boom in 2017, though prices will increase at a slower pace.Strong buyer interest, better access to credit and a modest increase in the number of homes for sale will allow home sales to grow. Home price growth will continue to go up but not as quickly as it did in 2016. Homes will…
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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…
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
