Let's Talk Real Estate

Joe Nabbefeld
Real Estate Professional

Joe Nabbefeld

Broker
all sorts of designations
Direct:
Windermere Capitol Hill

News: Jan 2024: We enter 2024 with a fresh feeling going around that lower mortgage rates will bring out sellers this spring.

Dec 2023: The Fed says it might reduce the Fed Rate 3 times in 2024 -- TBD but mortgage rates drop more on the news.  

Nov 2023: Mortgage interest rates crept down toward 7% as the Fed signals mayyyyyybe no more rate hikes.

June 2023: The median closed sale price of homes in Seattle-only (excluding condo) bottomed at $803k to start 2023. Then $825k for Feb, $870k for March, $886k for April, & $905k for May. Supply lowered to 1.22 months (back to sellers market).

April 2023: The spring market has lower inventory than expected. Owners at 2.75% rate reluctant to trade to 6.5%.

Sept 2022: Yep, the market HAS softened. Not all that "multiple offers with everything waived." Better for buyers.

May 2022: Mortgage interest rates above 5%, but tech job growth still rolling here.

How about a happy seller?:  click here.

More scintillatingly-written "Happy Client" tales. Put you in here next?

If we met an an Open House then we should talk

This site gives you Joe’s real estate bio and a tool chest for the start of, and throughout, the real estate process. Info on schools, mortgages, how escrow works. View listings, maps, neighborhoods, stats. It tells you Joe has >15 years of brokering experience and a long list of happy clients served, really knows how to guide folk through the process comfortably with dashes of fun, and that he loves doing it. C’mon in!

March '17: Helpful Sellers & Buyers guides.... More Happy Clients Served

 

 

 

 

Sample Mortgage Rates

For 4/20/2024

30 Year Fixed
6.75%
15 Year Fixed
6.25%
5/6 ARM
7.5%

For general informational purposes only. Actual rates available to you will depend on many factors including lender, income, credit, location, and property value. Contact a mortgage broker to find out what programs are available to you.

Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

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