True Lending Company
NMLS 2298394 Purchase Loans, Refinance to Lower Rates or Refinance for Cash Out, we help you save!
Daniel Bayla
President / Broker
NMLS 1481564 / 2298394
123 2nd Ave S, Suite 230
Edmonds, WA 98020
425-222-2000
Most experts project the Fed will start cutting the Federal Funds Rate this month.
And while the Fed doesn’t control mortgage rates, a Federal Funds Rate cut can have an impact. It should help keep the downward mortgage rate momentum going, especially if inflation and the economy continues to cool.
If you want to talk more about what that means for you, DM me.
Trying to decide if you want to sell now or wait? Here’s a tip. Consider why you want to move.
Maybe you, like so many other homeowners, want to be closer to your loved ones, find that your house is too small, or you’ve recently had a big change in your life.
Whatever your reason, it may be motivation enough to sell. DM me if you’re ready to get started.
What's the Impact of Presidential Elections on the Housing Market?
If you’ve been considering buying or selling a home this year, you’re probably curious about what the election might mean for the housing market – and if it’s still a good time to make your move.
Home Sales
In the month leading up to a Presidential election, from October to November, there’s typically a slight slowdown in home sales.
Some consumers will simply wait it out before they make their purchase decision. However, it’s important to know this slowdown is small and temporary.
Historically, home sales bounce right back and continue to rise the following year.
Home Prices
You may also be wondering about home prices. Do prices come down during election years? Not typically.
Home prices generally rise over time, regardless of an election cycle. So, based on what history shows, you can expect the current pricing trend in your local market to likely...
What's the Impact of Presidential Elections on the Housing Market? It’s no surprise that the upcoming Presidential election might have you speculating about what’s ahead.
2025 Housing Market Forecasts: What To Expect
Looking ahead to 2025, it's important to know what experts are projecting for the housing market.
Mortgage Rates Are Projected To Come Down Slightly
Mortgage rates play a significant role in the housing market. The forecasts for 2025 from Fannie Mae, the Mortgage Bankers Association (MBA), the National Association of Realtors (NAR), and Wells Fargo show an expected gradual decline in mortgage rates over the course of the next year.
And many experts believe these signs will encourage the Federal Reserve to lower the Federal Funds Rate, which tends to lead to lower mortgage rates.
Expect More Homes To Sell
The market will see an increase in both the supply of available homes on the market, as well as a rise in demand, as more buyers and sellers who have been sitting on the sidelines because of higher rates choose to make a move. That’s one big reason why experts are...
2025 Housing Market Forecasts: What To Expect Looking ahead to 2025, it's important to know what experts are projecting for the housing market.
Are We Heading into a Balanced Market?
If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.
What Is a Balanced Market?
A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a more balanced market would be a welcome sight for people looking to move. The question is – is that really where the market is headed?
For now, this is still seller’s market territory – it’s just not as frenzied of a seller’s market as it’s been over the past few years.
What This Means for You and...
Are We Heading into a Balanced Market? If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand.
How To Avoid These Top Seller Mistakes
Want to avoid making some of the top seller mistakes? The key is working with a real estate agent so you don’t overprice your house or skip necessary repairs. Let’s connect so you can avoid making these costly mistakes.
As inventory grows, the market is starting to balance out a bit. But don’t worry – this isn’t close to an oversupply that would cause a crash.
It just means buyers are regaining negotiation power as their options grow. And sellers need to price their house right and may want to consider some repairs to help it stand out.
Let’s connect to talk more about how this impacts you.
What Mortgage Rate Are You Waiting For?
You won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years. But there is hope on the horizon. Rates have actually started to come down.
Expert Projections for Mortgage Rates
Experts say the overall downward trend should continue as long as inflation and the economy keeps cooling. But as new reports come out on those key indicators, there’s going to be some volatility here and there.
What you need to remember is it’s not wise to let those blips distract you from the larger trend. Rates are still down roughly a full percentage point from the recent peak compared to May.
Know Your Number for Mortgage Rates
So, what does this mean for you and your plans to move? If you’ve been holding out and waiting for rates to come down, know that it’s already happening. You just have to decide, based on the expert...
What Mortgage Rate Are You Waiting For? You won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years.
Mortgage rates are declining. And that may make you wonder if it’s time to jump back into the market.
While they’re not going back to pandemic lows, experts say rates could continue to drop as long as inflation eases.
So, what number do you want to see rates hit before you’re ready to move? Drop it in a comment below. And I’ll be the first to let you know when we get there.
How To Choose a Great Local Real Estate Agent
Selecting the right real estate agent can make a world of difference when buying or selling a home. But how do you find the best one? Here are some tips to help you make that big decision as you determine your partner in the process.
Check Their Reputation
Start by gathering information about agents in your area. From there, try to narrow down the list. Ask the people you trust if they have someone they’d recommend. You’ll want to find an agent with a strong online presence, plenty of positive reviews, and someone whose great reputation truly precedes them.
Look for Local Market Expertise
A great agent should have in-depth knowledge of what’s happening at the national and local level. That way they can clear up any misconceptions sparked by what you’re reading or hearing in the news.
Get a Feel for Their Communication Style and Availability
Effective communication...
How To Choose a Great Local Real Estate Agent Selecting the right real estate agent can make a world of difference when buying or selling a home.
Did you know? The supply of homes for sale has grown significantly this year.
Here’s what that growth means:
More options for your move
More negotiation power for you
More likely sellers will make some repairs
More moderate price growth
DM me if you want to talk more about how this benefits you when you buy a home.
There’s some misinformation out there and it’s time to set the record straight.
If you think home prices are going to crash, you should know the national data doesn’t support that theory. There just aren’t enough homes on the market today.
What else have you heard about the housing market that you’re worried about? Drop a comment below and let’s have a conversation.
How Growing Inventory Benefits Today's Buyers
Inventory is growing and that means more options for your search, more negotiation power for you, it’s more likely sellers will make select repairs, and more moderate price growth. If you want to talk more about rising inventory means for you, let’s connect.
Today’s Biggest Housing Market Myths
Have you ever heard the phrase: don’t believe everything you hear? There’s a lot of misinformation out there. And right now, making sure you have someone you can go to for trustworthy information is extra important.
1. I’ll Get a Better Deal Once Prices Crash
If you’ve heard home prices are going to come crashing down, it’s time to look at what’s actually happening. While prices vary by local market, there’s a lot of data out there from numerous sources that shows a crash is not going to happen. So, if you think waiting will score you a deal, know that data shows there’s not a crash on the horizon, and waiting isn’t going to pay off the way you’d hoped.
2. I Won’t Be Able To Find Anything To Buy
If this nagging fear about finding the right home if you move is still holding you back, you probably haven’t talked with an expert real estate agent lately. Throughout the year, the...
Today’s Biggest Housing Market Myths Have you ever heard the phrase: don’t believe everything you hear?
The Number One Mistake Sellers Are Making: Overpricing Their House
In today's housing market, many sellers are making a critical mistake: overpricing their houses. This common error can lead to a home sitting on the market for a long time without any offers. And when that happens, the homeowner may have to drop their asking price to try to re-ignite buyer interest.
If you’re thinking about making a move yourself, here’s what you need to know. The best way to avoid making a costly mistake is to work with a trusted real estate agent to find the right price. Here’s a look at what’s at stake if you don’t.
Not Paying Attention To Current Market Conditions
Understanding current market conditions is key to accurate pricing.
Real estate agents stay updated on market trends and how they impact the pricing strategy for your house.
Pricing It Based on What You Want To Make (Not What It’s Worth)
Another misstep is pricing...
The Number One Mistake Sellers Are Making: Overpricing Their House In today's housing market, many sellers are making a critical mistake: overpricing their houses.
Thinking about buying a home? It’s important to know how mortgage rates can affect your monthly payment. Because even a slight change in rates can have a big impact.
Overall, rates have been trending down lately. So, this could be your chance to make your move a reality. Send me a message today if you want to talk about starting your search.
If you’re thinking about buying a home, there are 3 reasons you may want to make your move this fall.
1) Inventory is growing, giving you more options
2) Newly built homes may be more budget-friendly than you’d expect
3) Mortgage rates have come down from their peak last October
Want to talk about what this means for your move? DM me.
Is Affordability Starting To Improve?
Over the past couple of years, a lot of people have had a hard time buying a home. And while affordability is still tight, there are signs it's getting a little better and might keep improving throughout the rest of the year. Here’s a look at the latest data on the three biggest factors affecting home affordability.
1. Mortgage Rates
Mortgage rates have been volatile this year, bouncing around from the mid 6% to low 7% range. But there's some good news. Data from Freddie Mac shows rates have been trending down overall since May. When rates decline, it's easier to afford the home you want because your monthly payment will be lower. Just don’t expect them to go back down to 3%.
2. Home Prices
The second big thing to think about is home prices. Nationally, they’re still going up this year, but not as fast as they did a couple of years ago. As Odeta Kushi, Deputy Chief Economist at...
Is Affordability Starting To Improve? Over the past couple of years, a lot of people have had a hard time buying a home.
Reasons To Move in Today’s Shifting Market
You have 3 key opportunities if you’re looking to move this fall. Inventory is growing, homebuilders are motivated to sell, and mortgage rates have come down from their recent peak. Let’s connect if you want more information.
3 Reasons To Move in Today’s Shifting Market
The housing market is in a transition. And that gives you 3 key opportunities going into the fall. There are more homes actively for sale. Builders are motivated to sell, so a newly built home may be more achievable than you think. And mortgage rates have come down from their recent peak. If you’re ready and able to buy, you may find the housing market this fall a bit easier to navigate. Let’s connect to get started.
3 Reasons To Move in Today’s Shifting Market The housing market is in a transition. And that gives you 3 key opportunities going into the fall.
Good news for all the buyers out there.
The supply of homes for sale has grown significantly this year. There are 36.6% more homes actively for sale compared to 2023. This means more options for you.
But this doesn’t mean we have an oversupply. Inventory is still almost 29% lower compared to more normal years like 2017-2019.
Have you heard of the Great Wealth Transfer?
Over the next 20 years, roughly $84 trillion is expected to change hands from Baby Boomers to Gen X and Millennials.
And as it’s passed down, it’ll impact the housing market because it should help younger generations be in a better position to afford homes.
Affordability has been a challenge for a while now.
There are three main factors that impact it: mortgage rates, home prices, and wages.
Here’s the good news. There are early signs that all three are starting to improve. Mortgage rates are coming down, home price growth is moderating, and wages are going up.
If you’re thinking about kicking off your search, DM me.
Are There More Homes for Sale Where You Live?
One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year.
Recent data from Realtor.com shows that nationally, there are 36.6% more homes actively for sale now compared to the same time last year. That’s a significant improvement. It gives you far more options for your move than you would’ve had just a year ago. And with supply improving, you’re also regaining a bit of negotiation power. So, if you’re someone who thought about buying a home over the last few years but were discouraged by how limited inventory was, this should be welcome news.
As Lawrence Yun, Chief Economist at NAR, says, “Increased housing supply spells good news for consumers who want to see more properties before making purchasing decisions.”
While we’re up by almost 37% year-over-year, we’re still not back to how much...
Are There More Homes for Sale Where You Live? One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year.
Home Inspections For Sellers: How To Prepare
If you’re thinking about selling your house, it’s important to know what the home inspection is and what inspectors look for. As supply grows and buyers regain negotiation power, you may find you want to do some select repairs with a good return on investment before listing to get ahead of things a buyer may ask you to fix. To decide what's worth tackling, you need expert advice. Let's chat so you know what to prioritize.
Home Inspections For Sellers: How To Prepare If you’re thinking about selling your house, it’s important to know what the home inspection is and what inspectors look for.
Home Inspections for Sellers: How To Prepare
Wondering how to get your house ready for the inspection? You may want to do some select repairs before listing to get ahead. To decide what's worth tackling, you need expert advice. Let's chat so you know what to prioritize.
Getting ready to sell your house? Here’s the scoop on home inspections and how to prep for them.
As more homes hit the market, buyers are regaining some negotiating power. That means it might be a good idea to tackle some key repairs before listing.
But how do you know which ones are worth it?
Expert advice is key. Let's chat so you know what to prioritize.
Helpful Negotiation Tactics for Today’s Housing Market
If you haven’t already heard, homebuyers are regaining some negotiating power in today’s market. And while that doesn’t make this a buyer’s market, it does mean buyers may be able to ask for a little more. So, sellers need to be ready for that possibility and know what they’re willing to negotiate.
Whether you’re looking to buy or sell a house, here’s a quick rundown of potential negotiations that may pop up during your transaction. That way, you’re prepared no matter which side of the deal you’re on.
What Can You Negotiate?
Most things in a home purchase are on the negotiation table. Here’s a list of just a few of those options, according to Kiplinger and LendingTree:
• Sale Price
• Home Repairs
• Fixtures
• Closing Costs
• Home Warranties
• Closing Date
One thing is true whether you’re a buyer or a seller, and that’s how much your agent can help you...
Helpful Negotiation Tactics for Today’s Housing Market If you haven’t already heard, homebuyers are regaining some negotiating power in today’s market.
Homebuyers are getting a bit more negotiating power these days.
And if you're buying or selling, it’s helpful to know what’s up for negotiation so you go in prepared.
From prices and repairs to closing costs and appliances, there are various levers you can pull during the deal.
If you want someone to help navigate these conversations and advocate for you, DM me.
Right now, over 2/3 of homeowners have at least 50% equity in their homes.
And that much equity can go a long way toward buying a new place.
Curious about how much equity you have? I can walk you through a Professional Equity Assessment Report on your house. Drop a comment below if you’re interested.
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123 2nd Avenue S, Suite 230
Edmonds, WA
98020
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8129 Lake Ballinger Way
Edmonds, 98026
Our team is committed to providing your client an excellent home financing experience.
654 5th Avenue S Suite 300B
Edmonds, 98020
Mortgage Loan Originator with Infinity Mortgage Group in Edmonds WA. NMLS# 2020455 Berlind Corp. DBA Infinity Mortgage Group NMLS# 35972
Edmonds, 98026
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I’m dedicated to providing ideal financing options for homebuyers and homeowners.
654 5th Avenue S Suite 300B
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NMLS #1582634 Infinity Mortgage Group NMLS #35972 https://www.nmlsconsumeraccess.org/
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Como hipotecaria independiente, queremos darte la bienvenida y ayudarte a encontrar la solución perfecta para ti. ¡Estamos aquí para facilitar el proceso y ayudarte a conseguir tu ...
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When getting assistance with money look for someone with the heart of a teacher - not the heart of a salesperson! For detailed financing options Call/Text Mike Leen (206) 524-236...
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8129 Lake Ballinger Way, Suite 105
Edmonds, 98026
I'm ready to guide you home by helping you take the first step towards buying or refinancing your dre