Dave Woody's Blog Posts

Market Update | January 2024

In January compared to December, the real estate market saw a significant increase in new listings by 89.2%, while active inventory slightly decreased by 3.3%. Pending sales showed a positive trend,

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New student loan repayment plan could make it easier for borrowers to become homeowners

PUBLISHED TUE, FEB 13 2024 | Annie NovaA new, more affordable repayment plan for federal student loan borrowers may come with another advantage: It could make it easier to become a

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Don’t Let the Latest Home Price Headlines Confuse You

Based on what you’re hearing in the news about home prices, you may be worried they’re falling. But here’s the thing. The headlines aren’t giving you the full

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Why Having Your Own Agent Matters When Buying a New Construction Home

Finding the right home is one of the biggest challenges for potential buyers today. Right now, the supply of homes for sale is still low. But there is a bright spot. Newly

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3 Key Factors Affecting Home Affordability

Over the past year, a lot of people have been talking about housing affordability and how tight it’s gotten. But just recently, there’s been a little bit of relief on that.

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Here are 3 ways Gen Zers can build credit before renting their own place

PUBLISHED MON, JAN 15 2024 | 8:30 AMAna Teresa Solá Key Points·         The median U.S. asking rent price in December was $1,964, a 0.8%

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Homeownership Is Still at the Heart of the American Dream

Buying a home is a powerful decision, and it remains at the heart of the American Dream. Unlike renting, owning a home means more than just having a place to live – it offers a sense of

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Home Prices Forecast to Climb Over the Next 5 Years

Some HighlightsIf you’re worried about what’s next for home prices, know the HPES shows experts are projecting they’ll continue to rise at least through 2028.Based on

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Avoid These Common Mistakes After Applying for a Mortgage

If you’re getting ready to buy a home, it’s exciting to jump a few steps ahead and think about moving in and making it your own. But before you get too far down the

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What Lower Mortgage Rates Mean for Your Purchasing Power

If you want to buy a home, it's important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed

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Why Mortgage Rates Could Continue To Decline

When you read about the housing market, you’ll probably come across some information about inflation or recent decisions made by the Federal Reserve (the Fed). But how do those

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The Surprising Trend in the Number of Homes Coming onto the Market

If you're thinking about moving, it's important to know what's happening in the housing market. Here's an update on the supply of homes currently for sale. Whether you're buying 

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Buyers find a bit of relief as prices and rates ease (November 2023 Market Report)

More sellers shaken free from ‘rate lock’ late in the year.Skylar Olsen • DEC 11 2023What buyers should know about the market right now:·      

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10 Home Renovation Trends That Are on Their Way Out, According to Designers

If a home renovation is on the horizon for you, take note of these trends pros say you should skip.By Alexandra Kelly | Published on December 11, 2023Deciding to embark on a home renovation is an

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Where to See the Christmas Ships in Vancouver WA

By Shara Howard | Photo from Christmas Ships Parade WebsiteFor more than 65 years, local Vancouverites have looked forward to the fleet of Christmas Ships that cruise by on

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The Latest 2024 Housing Market Forecast

The new year is right around the corner, and you might be wondering if 2024 will be the right time to buy or sell a home. If you want to make the most informed decision possible, it

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40 Modern Fall Decorating Ideas to Freshen Up Your Space

With the smell of crisp leaves and pumpkin spice lattes in the air, it's time to switch up your home's decor to celebrate the fall season.Read more

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The Latest Expert Forecasts for Home Prices in 2023

Are you thinking about making a move? If so, all the speculation that home prices would crash this year may have you feeling a bit on edge about your decision. Let the data and the

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Are You a Homebuyer Worried About Climate Risks?

The increasing effects of natural disasters are leading to new obstacles in residential real estate. As a recent article from CoreLogic explains: “As the specter of climate

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Your Home Equity Can Offset Affordability Challenges

Are you thinking about selling your house? If so, today’s mortgage rates may be making you wonder if that’s the right decision. Some homeowners are reluctant to sell and

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Why You Don’t Need To Fear the Return of Adjustable-Rate Mortgages

If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then. And after years of being virtually nonexistent, more people are once

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Almost 60% of Metro Areas Posted Home Price Gains in the Second Quarter of 2023

Media Contact: Troy Green 202-383-1042Key Highlights· Single-family existing-home sales prices climbed in approximately 60% of measured metro areas – 128 of 221 – in the second

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Foreclosure Numbers Today Aren’t Like 2008

If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market. This may have left you with some

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Instant Reaction: Inflation, July 12, 2023

July 12, 2023 By: Lawrence Yun(click the image to read more)Low inflation means low mortgage rates. Therefore, decelerating consumer prices could steadily lift home sales and increase home

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Two Questions To Ask Yourself if You’re Considering Buying a Home

If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. And you’re getting your information from a

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What is a housing market correction, and are we in one?

Some signs are pointing to a housing correction — but don’t mistake it for a crash.Aly J YaleJuly 10, 2023There’s no official definition for what makes a housing market correction,

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Today’s Housing Inventory Is a Sweet Spot for Sellers

One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing

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National Pickle Month!

We all know it’s national ice cream month, but did you know we also celebrate National pickle month in July too? Cucumbers are in season and whether you like dill, sweet, bread & butter,

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How Owning a Home Grows Your Wealth with Time

Some HighlightsIf you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership.Over time, homeownership 

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A Drop in Equity Doesn’t Mean Low Equity

You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can

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Summer Events Around Clark County, WA

June 23-25 – Tacos in the Park Esther Short Park, Vancouver, WA  Tacos, craft beer, live music, and tequila. Yes, please! You don’t want to miss this taco festival! The music lineup

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The True Value of Homeownership

Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being National Homeownership Month, it’s the perfect time to

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Owning a Home Helps Protect Against Inflation

You’re probably feeling the impact of high inflation every day as prices have gone up on groceries, gas, and more. If you’re a renter, you’re likely experiencing it a lot as your

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What Are the Experts Saying About the Spring Housing Market?

The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the

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5 Reasons Millennials Are Buying Homes

In the United States, there are over 72 million millennials. If you’re part of that generation and have thought about buying a home, you aren’t alone. According to Zonda, 98% of

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What’s the Difference Between a Home Inspection and an Appraisal?

If you’re planning to buy a home, an inspection is an important step in the process. It assesses the condition of the home before you finalize the transaction. It’s also a different step

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Here's Why You May Want an Energy-Efficient Home

Since inflation is increasing the cost of goods and services, it may make sense to look for an energy-efficient home. Energy prices have increased over the last year, so look for energy-efficient

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We’re in a Sellers’ Market. What Does That Mean?

Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market. But what does that really

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Facts About Closing Costs

>> If you’re thinking about buying a home, be sure to plan for closing costs.>> Closing costs are typically 2% to 5% of the total purchase price of a home, and they can include

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Mortgage demand increases again, but interest rates are rising

PUBLISHED WED, MAR 22 20237:00 AM EDTDiana OlickKEY POINTS·         Mortgage demand rose last week, but rising interest rates may stand in the way of

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What the banking crisis means for mortgage rates

By Anna Bahney, CNNPublished 9:03 AM EDT, Fri March 24, 2023WashingtonCNN — Mortgage rates have taken would-be buyers on a ride this year — and it’s only March.Generally,

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What Is a Rain Chain? A Guide to the Downspout Alternative

If you’ve spotted this outdoor feature, you might have mistaken it for a windchime or decorative accent. But rain chains offer more than just curb appeal.By Nafeesah Allen  | 

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Balancing Your Wants and Needs as a Homebuyer This Spring

Balancing Your Wants and Needs as a Homebuyer This SpringThough there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses

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Leverage Your Equity When You Sell Your House

One of the benefits of being a homeowner is that you build equity over time. By selling your house, that equity can be used toward purchasing your next home. But before you can put it to use, you

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Market Update February 2023

February 2023 saw a decrease of 9% in new listings compared to January 2023. Meanwhile, pending sales also decreased by 3.8%. However, closed sales experienced a significant increase of 31.8%,

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Checklist for Selling Your House This Spring

As you get ready to sell your house, there are specific things you can add to your to-do list. These include decluttering, taking down personal photos and items, and power washing outdoor surfaces.

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2023’s Housing Market Is Looking Up: 3 Things That Should Give Homebuyers Real Hope

By Margaret HeidenryFeb 2, 2023After suffering all-time lows during the COVID-19 pandemic, the supply of homes for sale has rebounded with a bang.January marked a whopping 65% more real estate

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Today’s Housing Market Is Nothing Like 15 Years Ago

There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real

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Tips to Keep in Mind When Interviewing Lenders

Here are the mortgage origination fees that can be negotiatedStory by Mia TaylorFor most prospective home buyers, obtaining a mortgage is an essential part of the home buying process. And

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What Experts Are Saying About the 2023 Housing Market

If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market underwent a

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The Wellness Room Trend Creates Space for the Activities You Love Most

The wellness room—a room or corner of your home dedicated to the activities that help you feel your best—is a decor trend with a very positive impact.By Maggie Gillette Published on

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What Kind of Insurance Do Homeowners Need?

If you have a house, there is a very probable chance that a lot of your personal net worth is directly associated with your home. As such, you will certainly want to insure your house, but before

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Mortgage Rates Are Dropping. What Does That Mean for You?

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to

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Homeownership Is an Investment in Your Future

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it

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Key Advantages of Buying a Home Today

There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are

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What’s Going on with Home Prices? Ask a Professional.

If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest

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Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market

With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in,

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More People Are Finding the Benefits of Multigenerational Households Today

If you’re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The Pew Research Center defines a

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Key Factors Affecting Home Affordability Today

Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have

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Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be.

It turns out, millennials aren’t the renter generation after all. The 2022 Consumer Insights Report from Mynd says there’s a portion of millennial

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Solar Incentives & Rebates Put Solar Power Within Reach

The Northwest is home to beautiful some of the most stunning landscapes and some incredible solar rebates and incentives. Homeowners in Oregon and Washington are going solar and saving money on

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10 CHORES TO TAKE ON THIS FALL

10 CHORES TO TAKE ON THIS FALL1. Replace AC & Heating FiltersThis is important to do at the beginning of every season. A dirty filter will slow down and strain your system and make the

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What is a 2-1 Temporary Rate Buydown?

What is a 2-1 temporary rate buydown?November 1, 2022, 6:26 pm By Jessica DavisAs mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options

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3 Trends That Are Good News for Today’s Homebuyers

While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home.As the market has

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Millennials Are Still a Driving Force of Today’s Buyer Demand

If you’re thinking about selling your house but wondering if buyers are still out there, know that there are still people who are searching for a home to buy today. And your house

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3 Questions You May Be Asking About Selling Your House Today

👉  If you’re planning to sell your house this year, you likely have questions about what the shift in the housing market means for your home sale.👉 You

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Why It’s So Important To Hire a Pro

If you’re thinking of buying or selling a home, you’ll want a trusted real estate professional on your side for their industry experience and expert.

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13 Essentials to Protect Your Most Important Investment

By: Brandon DoyleMoved in the last few years? Smart features and a few tried-and-true essentials provide the options you need to protect your new home.Your home is a major investment. If you are one

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