Danielle Groeneweg

Supply & Demand in our Current Market for the United States.

 

 

Love this infographic from Keeping Current Matters. If you want to see the full article click here. 

If you look at Washington you will see that we have high buyer demand in & a low seller activity. This is in line with what we’ve been seeing in Whatcom County. Most homes are going pending right away due to low inventory and plenty of buyers shopping for a home. I do think it is fun to look at what states are also following this trend vs what states are doing the opposite. Overall, most states do have a low inventory which is what we’ve been hearing from agents all over.

Anything that surprises you or that you find interesting by looking at this graphic?

Whatcom County Weekly Stats~2.11.22-2.18.22

 

Here are your stats for the week! It is always good to stop & take a look at the numbers. It helps identify any trends that might be happening. It also helps when putting together pricing for a listing or when helping a buyer make an informed decision about a home.

Any questions about these numbers? Give me a call!

Let’s take a look at 2021!

The overall market in 2021 was a bit nuts! I have posted lots of graphs & charts below for you to see. These include all of Whatcom County. You will notice our active listings are extremely low, about 43.4% lower than 2020, but our overall closed sales by month actually increased by about 5% since last year. Yes, we are living in a seller’s market, but interest rates have remained low all year which is very beneficial for buyers too.

All Stats here are taken from the NWMLS. They include residential and condos in Whatcom County.

 

 

We will see what 2022 has in store for us! Currently we are experiencing LOW inventory. The last couple of weeks we have had less than 200 total listings for Whatcom County. I know buyers are are out there & wanting to BUY! It has been predicted that interest rates will go up this year so they are wanting to take advantage while rates are low. So, if you’ve been on the fence about selling, now is the time to take the next step. I would love to chat about your real estate goals & get some of the prep work started!

 

If you have any questions about the stats above or what is happening in your neighborhood- please reach out!

Will Mortgage Rates Rise in 2022?

I’ve been told by a few local lenders & my financial advisor that interest rates WILL rise next year! We have been lucky with historically low rates for a couple of years now and plans for 2022 will still keep interest relatively low compared to 10+ years ago BUT they will increase which can make a huge impact for a buyer’s overall budget in buying a home. Here is a great article from Keeping Matter Current about rising rates.

Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates have hit the lowest point ever recorded, and they’ve hovered in the historic-low territory. But even over the past few weeks, rates have started to rise. This past week, the average 30-year fixed rate was 3.14%.

What does this mean if you’re thinking about making a move? Waiting until next year will cost you more in the long run. Here’s a look at what several experts project for mortgage rates going into 2022.

Freddie Mac:

“The average 30-year fixed-rate mortgage (FRM) is expected to be 3.0 percent in 2021 and 3.5 percent in 2022.”

Doug Duncan, Senior VP & Chief Economist, Fannie Mae:

“Right now, we forecast mortgage rates to average 3.3 percent in 2022, which, though slightly higher than 2020 and 2021, by historical standards remains extremely low and supportive of mortgage demand and affordability.” 

First American:

“Consensus forecasts predict that mortgage rates will hit 3.2 percent by the end of the year, and 3.7 percent by the end of 2022.”

If rates rise even a half-point percentage over the next year, it will impact what you pay each month over the life of your loan – and that can really add up. So, the reality is, as prices and mortgage rates rise, it will cost more to purchase a home.

As you can see from the quotes above, industry experts project rates will rise in the months ahead. Here’s a table that compares other expert views and gives an average of those projections:Experts Project Mortgage Rates Will Continue To Rise in 2022 | Keeping Current MattersWhether you’re thinking about buying your first home, moving up to your dream home, or downsizing because your needs have changed, purchasing before mortgage rates rise even higher will help you take advantage of today’s homebuying affordability. That could be just the game-changer you need to achieve your homeownership goals.

Bottom Line

If you’re thinking of buying or selling over the next year, it may be wise to make your move sooner rather than later – before mortgage rates climb higher.”

 

To get more info/ read similar articles click here.

Open House Weekend!

   118 Grover St, Lynden, Wa 98264—> Open House Saturday October 16, 10-12

 

714 E Front St, Lynden, Wa 98264—> Open House Saturday October 16, 1:00-3:00

449 Rainbow Dr, Sedro Woolley, Wa 98284—> Open House Sunday October 17, 12-2

 

Beat the Rain this weekend & stop in at one of these open houses!

5488 Blue Sky Way, Ferndale

Introducing 5488 Blue Sky Way, Ferndale, Wa 98248

$599,900

Beautiful craftsman rambler with breath taking unobstructed Mt. Baker views on quiet cul-de-sac! Great floor plan in this one level home has great room feel with vaulted living room, kitchen, & dining open. Enjoy spectacular views of Baker from the living room, dining, kitchen, & master bedroom. Kitchen has custom cream cabinets w/stainless steel apps & granite counters. Hardwood floors throughout living/dining. Vaulted master suite has walk in closet & large ensuite bathroom w/separate tub & shower. Spare rooms separate from master & office/den just off entry. Well maintained landscaping, covered back patio & backing to open fields, this home is truly one of a kind! All minutes from amenities while feeling like you are out in the country.

 

513 Clover Lane, Bellingham Open House!

 

 

 

Join me for an Open House this Saturday September 4th from 11-1.

 

Beautiful well maintained single story attached home in coveted Cordata Park Place 55+ community! This end unit gets tons of natural light throughout the day. Great layout w/2nd bdrm separate from master suite. Lovely kitchen has tall wood cabinets, stainless steel appliances & granite counters. Hardwood floors throughout living area, vaulted ceilings in living room & cozy gas fireplace. Master suite has 3/4 bath & walk in closet. Private patio just off dining room to enjoy the peace & quiet. Fully finished room above garage perfect for extra storage or den (not counted in square footage). Clubhouse has game room, common area & more. Must see!

 

Introducing DG Homes!

 

With much thought, prayer, & contemplation I have made the leap to hang my license with eXp Realty! I am so excited for the new opportunities & freedom this offers me as I continue to grow my business. I now have at my fingertips access to other fellow company realtor’s perspectives, advice, & information across the nation as well as limitless tools at my disposal. My favorite part of my new venture however is branding as myself. As the realtor who put her heart & soul into her business for the last nearly 13 years, as DG Homes! I am still located in the same office on Third St in Lynden- just with my branded logo on the door. I can’t wait to use the new technology & nation wide experience I now have access to with eXp to help my clients with their future real estate needs.
I also wanted to give a huge Thank You to all the amazing people at Bellwether. I would not be where I am today without them! I hope you will come alongside me in celebrating this change, and thank you as always for your continued support!