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Andree Hurley
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Andree Hurley
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  • Realtor®
    • Neighborhoods
      • Magnolia
      • Ballard
      • Queen Anne
  • Buying
  • Selling
  • Blog and Real Estate News
    • Newsy Real Estate Links
    • Northwest Multiple Listing Service Press Release
    • Real Estate News
    • Landscape and Garden Design
  • Resources
    • Claims of Copyright Infringement & Related Issues
  • Andree Hurley
  • Contact
  • Testimonials

Contact

Andree Hurley

(206) 669-1622 

andree@seattlehometour.com

 

Recent Posts

  • New Calendar
  • Current Interest Rates
  • Fall Seller’s Guide
  • Fall Buyer’s Guide
  • Summer Newsletter

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andreehurley

Andree Hurley, REALTOR®
Today's Real Estate News Many of today’s homeow Today's Real Estate News Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from last year’s peak, they’re still higher than they were a couple of years ago. Today, 93% of outstanding mortgages have a rate at or below 6%. That means a strong majority of homeowners with mortgages have a rate below what they’d get if they moved right now. But if you’re a homeowner in that position, remember that mortgage rates aren’t the only thing to consider when making a move. Your mortgage rate is important, but there are plenty of reasons you may still need or want to move. A recent report from NAR breaks down why homeowners have decided to sell over the past year. The most commonly cited reasons for selling were the desire to move closer to loved ones, followed by moving due to retirement, and their neighborhood becoming less desirable. Additionally, the need for more space factored in, as did a change in household structure. If you also find yourself wanting a change in location or needing space your current house just can’t provide, it may be time to sell. DM me today to weigh the benefits of selling your house. #Sellyourhouse #moveuphome #dreamhome #realestate
Refreshing evening out dancing… #Swing #Dancing Refreshing evening out dancing… #Swing #Dancing #SwingDancing #GatorBoyProductions #MotherAerie
Down payments can be daunting but you may not need Down payments can be daunting but you may not need as much as you think.
More Northwest fun on a beautiful beach along the More Northwest fun on a beautiful beach along the Puget Sound! #Beach #PNW #Poodle #PoodlesOfInstagram #TruffleDog
Today's Real Estate News There are plenty of good Today's Real Estate News There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next. >>The Benefits of Newly Built Homes 1. Build your dream home If you build a home from the ground up, you’ll have the option to select the custom features you want, including appliances, finishes, landscaping, layout, and more. 2. Take advantage of builder concessions A lot of home builders are working hard to sell their current inventory before they add more to their mix. That means many of them are offering concessions and are more willing to negotiate with buyers. 3. Minimize home repairs Many builders offer a warranty, so you’ll have peace of mind on unlikely repairs. Plus, you won’t have as many little improvement projects to tackle. 4. Take advantage of energy efficiency When building a home, you can choose brand-new, energy-efficient options to help lower your utility costs, protect the environment, and reduce your carbon footprint. >>The Benefits of Existing Homes 1. Explore a wider variety of home styles and floorplans With decades of homes to choose from, you’ll have a broader range of floorplans and designs available. 2. Appreciate that lived-in charm The character of older homes is hard to reproduce. If you value timeless craftsmanship or design elements, you may prefer an existing home. 3. Join an established neighborhood Existing homes give you the option to get to know the neighborhood, community, or traffic patterns before you commit. 4. Move in faster If you have a short timeframe to move or you just don’t want the process to take several months while your home is under construction, buying an existing home might make sense for you. DM me to discuss what's available and what's right for you. #Sellyourhouse #moveuphome #dreamhome #realestate
Sailing past Seattle today, love seeing the Space Sailing past Seattle today, love seeing the Space Needle on one side and the Smith Tower on the other. Two historical buildings from different eras.
Today's Real Estate News If you’re thinking of Today's Real Estate News If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. On average, nationwide home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term. Homeownership wins over time. DM me so you can start your homebuying journey today. #expertanswers #purchasingpower #buyingpower
Had a great time meeting friends outdoors for pick Had a great time meeting friends outdoors for pickle ball today, the weather was great and our court was dry! #PickleBall #Friends #GreatWeather #YoostPark
Today's Real Estate News If you’ve seen recent Today's Real Estate News If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today. According to data from ATTOM, foreclosure filings are up 115% from 2021, but down 34% from 2019. While the number of foreclosure filings did more than double last year, we need to remember why that happened and how it compares to more normal, pre-pandemic years in the market. Thanks to the forbearance program and other relief options for homeowners, foreclosure filings were down to record-low levels in 2020 and 2021, so any increase last year is — no surprise — a jump up. Clearly, these options meant millions of homeowners could stay in their homes, allowing them to get back on their feet during a very challenging period. With home values rising at the same time, many homeowners who may have found themselves facing foreclosure under other circumstances were able to leverage their equity and sell their houses rather than face foreclosure, and that trend continues today. And remember, foreclosures today are far below the record-high 2.9 million that were reported in 2010 when the housing market crashed. While the housing market is experiencing an expected rise in foreclosures, it’s nowhere near the crisis levels seen when the housing bubble burst, and that won’t lead to a crash in home prices. #realestate #homeownership #homebuying #realestategoals
I traveled by Mount Si today and couldn’t believ I traveled by Mount Si today and couldn’t believe how beautiful it was. #MountSi
So glad Dina Blade was playing for Northwest Dance So glad Dina Blade was playing for Northwest Dance Network tonight… We were able to dance to swing, walt, blues, and a bit of jazz. #DinaBlade #NWDanceNetwork #Waltz #Swing #Blues #SingingInTheRain
Today's Real Estate News If you’re thinking abo Today's Real Estate News If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters. While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still dramatic compared to the more normal level of appreciation, which is 3-4%. DM me to find out how much equity you have in your current home and how you can use it to fuel your next purchase. #realestate #homeownership #homebuying #realestategoals
Rounding the mark…in slow motion; where is the w Rounding the mark…in slow motion; where is the wind? :) #Sailing #Racing #SSYC #Goosebumps #LakeUnion
Today's Real Estate News As talk about a potentia Today's Real Estate News As talk about a potential recession grows, you may be wondering what a recession could mean for the housing market. Here’s a look at the historical data to show what happened in real estate during previous recessions to help prove why you shouldn’t be afraid of what a recession could mean for the housing market today. >>A Recession Doesn’t Mean Falling Home Prices Historically, when the economy slows down, it doesn’t mean home values will always fall. Most people remember the housing crisis in 2008 and think another recession would be a repeat of what happened to housing then. But today’s housing market isn’t about to crash because the fundamentals of the market are different than they were in 2008. According to experts, home prices will vary by market and may go up or down depending on the local area. But the average of their 2023 forecasts shows prices will net neutral nationwide, not fall drastically like they did in 2008. >>A Recession Means Falling Mortgage Rates Research also helps paint the picture of how a recession could impact the cost of financing a home. Fortune explains mortgage rates typically fall during an economic slowdown: “Over the past five recessions, mortgage rates have fallen an average of 1.8 percentage points from the peak seen during the recession to the trough." In 2023, market experts say mortgage rates will likely stabilize below the peak we saw last year. The big takeaway is you don’t need to fear the word recession when it comes to housing. In fact, experts say a recession would be mild and housing would play a key role in a quick economic rebound. If you’re thinking about buying or selling a home this year, DM me. #realestate #homeownership #homebuying #realestategoals
First day of the Iceberg, I mean Goosebumps Race! First day of the Iceberg, I mean Goosebumps Race! What a fun crew, great team, and we had excellent music on board…#Goosebumps #Sail #SailRace #SSYC
Today's Real Estate News There’s no doubt today Today's Real Estate News 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 estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences. In the latest Real Estate Forecast Summit, Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), drew the comparisons below between today’s housing market and the previous cycle. Looking at the facts, it’s clear: today is very different than the housing market of 15 years ago. >>There’s Opportunity in Real Estate Today And in today’s market, with inventory rising and less competition from other buyers, there’s opportunity right now. According to David Stevens, former Assistant Secretary of Housing: “So be advised…this may be the one and only window for the next few years to get into a buyer’s market. And remember…as the Federal Reserve data shows…home prices only go up and always recover from recessions no matter how mild or severe. Long term homeowners should view this market…right now…as a unique buying opportunity.” Today’s housing market is nothing like the real estate market 15 years ago. If you’re a buyer right now, this may be the chance you’ve been waiting for. DM me today. #expertanswers #stayinformed #staycurrent
More fun truffle hunting followed by oysters in La More fun truffle hunting followed by oysters in La Conner! What a fantastic day and evening.
Today's Real Estate News If you’re thinking abo Today's Real Estate News 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 major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what about 2023? #realestate #homeownership #homebuying #realestategoals
Beautiful day at Stevens Pass! #Stevens Pass #Ski Beautiful day at Stevens Pass! #Stevens Pass #Ski #Skiing #Snoww #BluebirdDay
Today's Real Estate News If you’re a renter, yo Today's Real Estate News If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward. And if you look back at historical data, that shouldn’t come as surprise. That’s because, according to the Census, rents have been rising fairly consistently since 1988. So, if you’re considering renting as an option in 2023, it’s worth weighing whether this trend is likely to continue. The 2023 Housing Forecast from realtor.com expects rents will keep climbing. >>Homeownership Provides an Alternative to Rising Rents These rising costs may make you reconsider what other alternatives you have. If you're looking for more stability, it could be time to prioritize homeownership. One of the many benefits of owning your own home is it provides a stable monthly cost that you can lock in for the duration of your loan. If you’re planning to make a move this year, locking in your monthly housing costs for the duration of your loan can be a major benefit. You’ll avoid wondering if you’ll need to adjust your budget to account for annual increases like you would if you left your housing payment up to your landlord and their renewal cycle. Homeowners also enjoy the added benefit of home equity, which has grown substantially. In fact, the latest Homeowner Equity Insight report from CoreLogic shows the average homeowner gained $34,300 in equity over the last 12 months. DM me today to see how you can begin your journey to homeownership today. #realestate #homeownership #homebuying #realestategoals
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Andree Hurley Realtor

1 day ago

Andree Hurley Realtor

Today’s Real Estate News

Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from last year’s peak, they’re still higher than they were a couple of years ago.

Today, 93% of outstanding mortgages have a rate at or below 6%. That means a strong majority of homeowners with mortgages have a rate below what they’d get if they moved right now. But if you’re a homeowner in that position, remember that mortgage rates aren’t the only thing to consider when making a move. Your mortgage rate is important, but there are plenty of reasons you may still need or want to move. A recent report from NAR breaks down why…
#Sellyourhouse #moveuphome #dreamhome #realestate … See MoreSee Less

The Top Reasons for Selling Your House

www.simplifyingthemarket.com

Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans…

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Andree Hurley Realtor

4 days ago

Andree Hurley Realtor

Today’s Real Estate News

Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase. And with programs like FHA loans, VA loans, and USDA loans, some qualified buyers are able to put down as little as 0-3.5%. DM me to make sure you have a trusted lender and can find out if you’re ready to buy a home sooner rather than later.
#firsttimehomebuyer #opportunity #housingmarket … See MoreSee Less

You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]

www.simplifyingthemarket.com

Some Highlights Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase. And with programs like FHA l…

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Andree Hurley Realtor

6 days ago

Andree Hurley Realtor

Today’s Real Estate News

You may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. According to a Harris Poll survey, 28% of homeowners have considered using a rental service to temporarily rent out their home for additional income.

Owning a short-term rental can be a tempting idea, but you may find the reality of being responsible for one difficult to take on. Here are some of the challenges you could face if you rent out your house instead of selling it.

>>A Short-Term Rental Comes with Responsibilities

Successfully owning and renting a house takes work. Think through your ability to make that commitment, especially if you plan to use a platform that advertises your rental listing. Most of them have specific…
#expertanswers #stayinformed #staycurrent … See MoreSee Less

Should You Rent Your House or Sell It?

www.simplifyingthemarket.com

If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered a…

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I’d love to hear from you if you are interested in buying or selling a home,
or for a free market analysis!

Andree Hurley
Cell: 206-669-1622 Email: andree@seattlehometour.com

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