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The Cost Of Purchasing A Home In The U.S. Increased 55% Last Year. But It’s Still A Great Time To Buy A House For These Five Reasons

May 31, 2022 by Amy Leave a Comment

I’ve always been all-in on homeownership. Yet, for the first time in two decades since the beginning of the pandemic, I haven’t owned a home.

All of which got me thinking: The National Association of Realtors (NAR) just issued a report calculating that the cost of purchasing a house in the U.S. has increased 55% year over year since 2021 after factoring in home value appreciation, tax re-assessments, and mortgage rate increases.

So, from a seller’s standpoint did I just miss out on the frothiest bull housing market in decades?

Home Sales Increase Slightly As Prices Drop

The pandemically-fueled housing market is breaking records and making homeowners fortunes.

In two senses the answer, unfortunately, is yes.

The pandemically-fueled housing boom since 2020 as a function of appreciation over time is unprecedented against any other historical financial metric, including the recent Dow Jones, NASDAQ, and S&P run ups.

That percentage gain also translates directly into higher appraised home values, which means more equity in sellers’ pockets when they decide it’s time to move. Ergo in sum, homeowners have seen a better return on their real estate investments over a shorter period of time since 2020 than even the pre-Great Recession housing bubble.

The good news for people like me who’ve either rented by choice, been priced out of the current market by the math, or sat on the real estate sidelines for other personal reasons over the past two years, however, is that now is still a great time to buy a home for several reasons under the right circumstances.

UK Daily Life 2021

It’s no longer just a seller’s market.

First and foremost, the COVID housing froth finally is cooling off.

Listings are up along with new housing starts, closings are down, and the days of all cash, waive-all-contingencies bidding wars are waning. So, excluding places like San Francisco or Manhattan where home prices had reached the point of almost stupid years ago, buyers in most markets already are on the back side of the pandemic peak.

“The overheated market of 2021 is already transitioning toward a less frantic landscape in response to several factors, and housing’s fundamentals are already shifting from the early days of the pandemic,” says George Ratiu, Manager of Economic Research at Realtor.com. “Builders have ramped up the pace of construction and more new homes are hitting the market. In addition, many homeowners who delayed their plans during the pandemic are ready to move forward with their lives so we’re already seeing an increase in the number of new listings—a sign of improving supply in existing homes. This boost in inventory, coupled with higher mortgage rates, inevitably is going to put downward pressure on the frenetic price growth we have experienced over the past year. That’s good news for buyers who have time on their side since the real estate landscape over the next 8-12 months is likely to shift away from a seller’s only market.”

The 25-44 year old population is up about 50% in the past decade in the Logan Circle/Shaw neighborhoods.

Millennials are now the largest demographic cohort in the U.S. and the largest pool of potential.

Many would-be home buyers, especially Millennials without kids, also have been stashing cash in lieu of eating out and taking vacations since the beginning of the pandemic, resulting in a COVID-induced nest egg alternatively deployable for down payments, closing costs, moving, and renovations—which often are the primary financial impediments to purchasing a home in the first place.

Perhaps most importantly, almost every expert I’ve spoken with agrees that the current housing boom isn’t a “bubble” a la 2007. Housing’s core fundamentals are strong—meaning the basics of supply and demand as well as the mortgages and household balance sheets upon which those foundations are based aren’t about to shatter from a glass house rock out of nowhere any time soon.

Here are five other specific reasons why now is a great time to buy a home.
Lake Boca Raton and city skyline with reflections at sunset

Housing prices aren’t going down any time soon especially in places like South Florida.

Prices Aren’t Going Down

No matter who you talk to, it’s widely agreed that U.S. home values across the board aren’t dropping any time soon. This is due primarily to a single-family housing supply crisis and demographic shifts that have been building for years. So even while homes prices might seem inflated right now by the numbers, they aren’t artificially elevated like they were back in in 2005.

“A couple of factors are likely to keep pressure on prices for the foreseeable future,” says Realtor.com’s Ratiu. “The first one is demographics. Millennials are the largest cohort in the U.S., are embracing homeownership, and eager to use real estate as a foundation for financial and economic growth. With over 4.5 million Millennials turning 30 over the next few years, housing demand will remain robust. At the same time, we started 2022 in the wake of over a decade of under-building. Based on Realtor.com’s calculations, we are short 5.8 million new single-family homes across the country which will sustain demand and prices.”

That means buying a home now is still a solid, low risk money parking strategy, especially when the non-financial benefits of homeownership are taken into account like being the master of your destiny instead of a landlord’s and being able to renovate or build an addition if you end up working from home for the rest of your life.
Federal Reserve Board Chairman Jerome Powell Speaks At ″Fed Listens″ Event

Despite the Federal Reserve’s recent interest rate hikes residential mortgage rates are still 

Mortgage Rates

In 1981, interest rate hikes by the Federal Reserve to put the breaks on inflation pushed 30-year fixed mortgage rates to an all-time high of 18.63%. So, despite the Federal Reserve’s recent monetary tightening and interest rate increases (the current 30-year mortgage rate according to Bankrate is 5.46%)—and the possibility of subsequent ones to come later this year—mortgage interest rates overall remain historically low.

While the days of crazy cheap money are temporarily over and paying down a typical mortgage has jumped by $633/month for a median priced home, the historical price of entry to purchase a house in the U.S. is still lower than it’s been on average for the past 50 years.
New Home Construction At The Highest Level In 17 Years

The mortgage interest tax deduction is still one of the best financial benefits of homeownership. 

Taxes

For first time homebuyers who’ve been renting for years, homeownership comes with a ton of perks.

One of the more mundane yet financially profound of them is the mortgage income tax deduction, which the National Association of Realtors has masterfully lobbied to keep in the U.S. tax code for decades. This allows for up to 100% of the interest you pay on your mortgage to be deducted from your gross income in addition to the other deductions for which you are eligible like the standard personal deduction and deducting for home office expenses before your final tax liability in any given year is calculated.

Depending on the price of your home and the size of your mortgage, these aren’t small numbers, especially as interest rates rise. Some years in some houses, particularly in 2005 when I bought a home at an 8%+ rate, my mortgage interest deduction was well into the $20,000 range—which for a writer is no small nut to be able to write down off of my total earned income (in some years the mortgage interest deduction alone brought me down into an entirely different tax bracket).

In addition, after two years the profits from selling your house assuming it’s your primary residence aren’t taxed by capital gains which means more net money into your pocket after closing costs.

Rents Are Increasing Too

The pandemically-fueled home price increases in the U.S. over the past two years have been widely reported in the media, yet far less covered has been the fact that residential rents have been rising too. Rents in Boise, ID, for example, have increased over 13% since the beginning of the pandemic, almost double that of inflation as a whole. In Miami according to some estimates they’re up over 31%.

So for home buyers weighing the opportunity costs of continuing to rent and throwing their money away versus getting into the homeownership game and building long-term wealth, the logic isn’t as clear as it’s been in the past when rents typically have dropped asymmetrically relative to home price increases in a similar fashion to investors fleeing stock markets in favor of government backed bonds.

Landlords, and the rent increases they impose, also aren’t tied to the federal funds rate like banks and mortgage lenders, so when it comes to owning a home there’s at least some certainty that homeownership inflation will remain linked long-term to well-intended monetary policy rather than the whims of Wall Street and private equity firms.
Bay Area Feels The Effects Of Plunging Housing Market

Real estate is still one of the best wealth building strategies long term. 

Wealth Building

No matter how you slice the numbers, long-term homeownership is still one of the most predictable, risk-manageable wealth building strategies compared with other ways of deploying one’s income for a return on investment. So compared with renting, even at today’s 5.46% mortgage rates, building equity in a house instead of renting is still a hard logic to argue with—especially if home prices remain strong.

“Inflation and its upward pressure on price levels is less like the tide and more akin to climate change and the impact it has had on rising ocean levels,” says Realtor.com’s Ratiu. “Once prices reach a higher watermark, they are likely to only move up from there. Consider that in 1972, the median value of a new home in the U.S. was $29,200. By 1992, median price reached $126,000, and it further advanced to $190,100 in 2002. During the mid-2000s housing boom, median prices peaked at $257,400. The housing bust of 2008 saw median new home values decline to $208,400. However, the ensuing recovery pushed prices to $327,100 by the fourth quarter of 2019, and the shift brought about by the pandemic only accelerated the trajectory. Based on Census data, the first quarter of 2022 saw median prices above $428,000 for new homes. Meanwhile, hampered by a significant shortage of supply, median prices for existing homes also reached new records, hitting $425,000. While the historical values are not adjusted for inflation, housing remains one of the most predictable ways to build wealth over time.”
Celebs' mansions in Miami, United States on February 09, 2001.

Real estate—still a safe bet. Especially in markets like Miami. 

What all of this means for the U.S. housing market writ large is good news, says Craig Studnicky, founder of Miami-based real estate brokerage RelatedISG.

“The pandemic set off a worldwide frenzy for single-family homes. In the early days of COVID, people started to realize that it was easier to manage social distancing in a house where you typically have more space and you didn’t have to share an elevator or lobby with your neighbors. People then discovered the joy of owning a house because of the space and privacy it offers. In addition, suddenly people could work remotely and had the freedom to live anywhere, so they wanted to move to places like South Florida where the weather is great all year round. Mortgage rates also hit historic lows which helped accelerate the home buying frenzy, especially as the Millennial generation became of homebuying age. Demand quickly started to outstrip supply, sending prices spiraling. And historically when prices go up to these levels, they rarely come down and the widespread housing supply shock we’re currently experiencing won’t be resolved anywhere overnight. Houses have become a gold standard for investments and that’s not changing anytime soon on Wall Street or Main Street.”
By:
Peter Lane Taylor

Filed Under: Eastside Real Estate Blog, Issaquah Community Blog Tagged With: Home Buying, Home Prices, homeownership, Housing Market, Mortgage Rates, Taxes

Bidding wars are off the charts, as home listings fall to a record low

February 17, 2021 by Kathy Reichle Leave a Comment

Presidents Day weekend marks the unofficial start of the spring housing market, but if you’re looking to get in this year, hold onto your wallet. Bidding wars are off the charts, even as home prices are rising rapidly.

The primary reason longtime home searchers haven’t bought a house yet is because they keep getting outbid. About 40% of potential buyers cited that in a new survey by the National Association of Home Builders. The reasons are flipped from a year earlier, when 44% said unaffordable prices were the biggest reason they hadn’t bought yet, and 19% cited getting outbid.

Well over half of all buyers, 56%, faced bidding wars on their offers in January, according to a Redfin survey. That is up from 52% in December. More than half of homes are now going under contract in less than two weeks.

“With so few new listings hitting the market, I expect bidding wars to become more common and involve even more potential buyers as we head into the spring homebuying season,” said Daryl Fairweather, chief economist at Redfin.

She advises buyers to be ready to go see properties the moment they hit the market and to get preapproved for a mortgage.

“But know when to back away if the price escalates more than you’re willing to pay,” Fairweather added.

Competition is fierce across the nation, but worst in Salt Lake City, where 9 out of 10 offers faced competition, according to Redfin’s survey of 24 major markets. It was followed by San Diego (78.9%), the Bay Area (77.1%), Denver (73.9%) and Seattle (73.8%).

The problem is supply, or lack thereof — record low supply. Sudden strong demand, driven by the stay-at-home culture of the Covid pandemic, swiftly smacked into already low inventory, due to lackluster homebuilding. Record-low mortgage rates only fueled demand even more.

Paul Legere is a buyer’s agent with the Joel Nelson Group in Washington, D.C. He says his job is only getting tougher.

“The low cost of money now has buyers able to be more aggressive and willing to overpay for properties. As a buyer’s agent, tasked with trying to help clients find value, that piece of the equation is nearly impossible to do,” said Legere. “It is a constant struggle and scramble to find desirable targets.”

Sellers have also pulled back, not wanting to go through the ordeal of putting their homes on the market during Covid. The number of newly listed homes in January was down 29% year over year, pushing the total inventory down 47%, according to realtor.com.

Home prices had appreciated at a double-digit rate each week for 26 straight weeks leading into January. The median listing price for a home was up nearly 13% compared with January 2020.

“Lower mortgage rates are making monthly payments for higher priced homes more manageable,” said realtor.com’s chief economist, Danielle Hale. “But finding a home that checks the right boxes amid limited supply, and saving up for the larger down payment needed with higher home prices, continue to be challenging, especially for first-time home buyers who haven’t accumulated home equity as prices have gone up.”

Diana Olick

Filed Under: Issaquah Community Blog Tagged With: Bidding Wars, homeownership, Pandemic, Spring Housing Market, Supply & Demand

3 Reasons to Invest in Single-Family Rentals

February 21, 2019 by Kathy Reichle Leave a Comment

A rental investment can be a safe haven in a volatile market.


With high demand and low supply, the housing market should remain strong in 2019

FEW PEOPLE TALK WITH their financial advisors about alternative investments like purchasing a property, but real estate may be a good strategy this year. It’s one that more high net worth investors seem to be employing to cope with market volatility.

A December 2018 survey from Millennium Trust Company found an increasing preference for alternative investments, including real estate. Among those surveyed who held real estate, 73 percent favored single-family rentals.

Robert Mulcahy, senior vice president of production and strategic initiatives at Angel Oak Prime Bridge in Atlanta, says a rental property investment is a great strategy for any investor, regardless of net worth. The market gyrations of 2018 and the outlook for real estate in the year ahead are compelling reasons to examine the benefits of owning a rental property.

“Since markets don’t exist in a vacuum, there tends to be a beta between the rental market and the stock market,” says Jason Haber, a real estate agent at Warburg Realty Partnership in New York. The difference, he says, is volatility.

“The rental market is reactionary to the general direction of the stock market,” Haber says, meaning that daily swings in stock prices don’t effect real estate investors like equity investors. “Real estate investments provide for more stability, and many markets can outperform the Dow and S&P 500.”

That may be music to the ears of volatility-weary investors. Here are three reasons why now is the perfect time to consider a property investment:

  • The 2019 outlook is strong.
  • Housing is bolstered by low unemployment.
  • Renter profiles are shifting.

The 2019 Outlook Is Strong

Quinn Palomino, co-founder and principal at Virtua Partners in San Diego, is optimistic about the outlook for leasing.

“Demand is high and supply is still constrained, particularly for entry-level housing,” she says. “We anticipate rent increases will outpace the overall commercial real estate market, landing in the 5 to 7 percent range.”

Palomino says these rentals are positioned to outperform stocks in 2019, as the market reacts to a slowdown in economic growth and recession fears. She cites the Great Recession, in which “single-family rentals did not have a down year in occupancy or rental rates.”

Housing Is Bolstered by Low Unemployment

Haber says that while the fundamentals of individual rental markets differ, two things are driving momentum: employment and interest rates.

“Generally speaking, a low unemployment environment translates into a stronger housing market,” Haber says. “Right now, we have both low unemployment and low interest rates. This dynamic has kept the housing market healthy.”

Additional rate hikes could give the single-family rental market an additional boost, says Nick Giovacchini, director of client services at AlphaFlow in San Francisco.

“With the Fed’s expectation of two more rate hikes this year, mortgage rates should rise once again,” he says. “(This) could potentially price some newer home buyers out of the market and keep them focused on rentals.”

Renter Profiles are Shifting

While low interest rates and job growth are leaving a positive mark on housing, Kevin Sneddon, founder and managing partner of the private client team at Compass in New York, says there’s a larger dynamic to consider.

“Renting single-family homes has become a new norm,” Sneddon says. He identifies three specific renter profiles that are fueling the new normal in the housing market.

The first is renters who can’t afford to buy because they lack a down payment on a mortgage. The second is those who don’t want to buy because they want flexibility. And the third group includes those who choose not to buy because they feel that real estate values will soften in the future.

Palomino says it’s largely millennials who are the main driving factor. “Millennials don’t have the same attachment to homeownership as preceding generations, are more transient and are overburdened with debt,” she says. “Yet, as millennial couples have children, they want to move out of the apartment and into a house with a backyard and garage.”[ 

It’s not just the younger crowd, however, who is on the hunt for homes to rent.

“As boomers are moving out of their previous homes, many are looking to downsize, but have less cash than expected,” Giovacchini says. As a result, they “may have to rent rather than purchase a new home.”

Those set on steering the course of single-family rental homes can benefit from doing their homework.

“The single-family rental market needs to be analyzed on a local level,” says Janine Yorio, CEO of Compound in New York. “We’ve seen tremendous discrepancies in rental growth and price appreciations across different locales.”

The biggest risk, she says, is the cyclical nature of real estate. Yorio makes a case for investing in multifamily properties through a real estate investment trust.

“Single-family investments at the individual level are far more risky than diversified REITs,” she says. “An owner needs to be ready for prolonged periods of vacancy, capital improvement requirements and dealing directly with problematic tenants.”

Yorio also says not all single-family residential investments are created equal: “It’s important to pay attention to more than just the initial rental yield or cap rate and pay attention to the near- and medium-term cash flow at the property level, taking into account required repairs and maintenance.”

There are also subtle differences in investing in a townhouse versus a single-family home. Town homes can carry fewer cost considerations regarding maintenance, repairs and landscaping if those expenses are handled by a homeowner’s or condo association.

Sneddon says the target tenant profile matters, as does your exit strategy. Most important, he says, is the likelihood that the asset will increase in value over time.

“Things like location, property condition, property style, local job growth, etc. are important factors to consider when selecting which single-family rentals to acquire,” he says.

Investors shouldn’t expect renting a home to be a passive investment.

“There’s a lot of work in being a landlord,” Yorio says. But outsourcing leasing or property management to a trusted team can ease the burden. 

By Rebecca Lake, Contributor


Filed Under: Rental Investments Tagged With: Baby Boomers, homeownership, Interest Rates, Millennials

5 Signs It’s Time To Refinance Your Mortgage

February 6, 2019 by Kathy Reichle Leave a Comment

You’ve probably heard that refinancing your mortgage can save you money. While that’s true in many cases, refinancing needs be done at the right time in order to result in a lower monthly payment and it should be done for the right reasons. Below, we’ve outlined some scenarios in which refinancing makes sense. Read them over to determine if it could be the right move for you.

You can get a better interest rate

Interest rates play a huge role in how much money you pay for your mortgage each month, as well as over the life of the loan. For example, if you put 20% on a $200,000 home with a 30-year loan, at a 4% interest rate, you would pay around $763 per month. At a 4.5% interest rate, you would pay around $810 per month. That’s a difference of $47 per month or $564 per year.

You’ve probably also heard on the news that interest rates are climbing. The reality is, however, that while they’re getting higher than they’ve been over the past few years, they’re still relatively low from a historical perspective. If you bought your house before the recession, you’ll likely be able to get a much better interest rate and you should be able to put some money back in your pocket.

Your credit score is higher

The interest rate you pay on a loan will be determined by two things: the prime rate and your credit score. The prime rate is set by the market and refers to the lowest interest rate at which money can be borrowed, commercially. This acts as the base for your rate. Then, a percentage is added to that rate, based on your borrowing history. The better your credit score, the lower that percentage will be.

If your credit wasn’t so good when you first bought your house, it’s likely that your interest rate is fairly high. However, if you’ve taken some steps to clean up your credit since then, there’s a good chance that you’d now qualify for a better rate. Refinancing will give you a chance to access that better rate and to lower your monthly payment, overall.

Your ARM is about to adjust

Typically, what makes adjustable-rate mortgages (ARM) so attractive is they come with an initial fixed-rate period, during which the interest rate you pay is often lower than you might find with a true fixed-rate option. However, after that initial fixed-rate period is over, your interest rate will begin to adjust at regular intervals. At that point, your rate will fall in line with what’s currently being offered on the market, plus the percentage that’s determined by your credit score.

For example, a 5/1 ARM comes with a five-year fixed-rate period, after which the rate will readjust every year. It’s common to see homeowners look to refinance as they near the end of their fixed-rate period. Depending on the introductory rate they were given and current market conditions, they might be facing the threat of a mortgage payment that’s a lot higher than the one they’re used to making. At that point, it makes sense to either refinance into a fixed-rate mortgage, which would offer more stability, or another ARM.

You need money for a big expense

If you need money for one of life’s big expenses, you can do what’s known as a cash-out refinance. Unlike a regular refinancing situation, with a cash-out refinance, you borrow more money than you currently owe on your home. The difference between what you borrowed and your mortgage amount is then given to you in the form of funds that can be used in any way that you see fit.

Since doing a  cash-out refinancing often comes with a lower interest rate than getting a personal loan or paying with a credit card, people tend to use this method of financing as a way to pay for big-ticket items. It’s not uncommon to see someone choose to do a cash-out refinance in order to pay off medical debt, finance home improvements, or to cover the cost of a child’s college education.

You need to pay less

If you suddenly find yourself needing to pay less on your mortgage, either due to a change in income or added expenses, refinancing can be a good option to help put some money back in your pocket. As stated above, though today’s interest rates are rising, they are still at historic lows. Depending on when you first took out your mortgage, you may be able to get a much better interest rate in today’s market, which will save you significantly.

However, if the change in interest rate is not enough, you could also extend the terms of your loan. Since the amount that you owe on your home is lower now than it was when you first bought it, you’re borrowing less money when you refinance. Spread out over a new loan term, – typically either 15 or 30 years – your monthly payment will be smaller.

Tara Mastroeni

Filed Under: Issaquah Lifestyle Blog Tagged With: homeownership, Interest Rates, Mortgages, Refinance

Old House Renovation: Making Those Hard Repair-or-Replace Decisions

September 24, 2018 by Kathy Reichle Leave a Comment

When you’re planning (or in the middle of) a whole house remodel there are always questions about what to keep and what to do away with. Sometimes those questions are about big things, such as hallways, bedrooms or walls. Other times they’re about more particular items, such as doorknobs, trimwork or old wooden windows.

No matter what type of item, the question is usually a challenging one because there often is no “right answer.” If this sounds like a question you might have to tackle in your future, maybe I can help you be more prepared.

Always Lean Toward Restoration

The first step in making the decision of “restore vs. replace” is one of mindset. I can’t tell you how many times I’ve been in a home with a contractor, tradesman or even homeowner who just thinks everything that’s not brand new needs to find its way to the dumpster! That’s the wrong mindset in my opinion. Replacing something just for the sake of replacing it is wasteful at best. In the case of something really special like the wavy glass in my kitchen windows it can be downright tragic.

So the first thing you want to do is to adopt a “restore over replace” attitude. Whenever an item is being considered, your first thought regarding restoration should be “how can we?” By looking at things with this mindset you’ll find yourself thinking creatively and seeing solutions that lead to restoration. In the long run, this kind of mindset is key to creating a beautiful project that has the unmatched depth of character that can only be achieved through restoration.

Pay Attention to Unique Details

In the restoration of an older home, there are those older elements that are unique and unlike brand new homes, and then there are those items that are essentially the same today as they were yesterday.

When it comes to decorative building elements, the saying, “They just don’t make them like they used to,” is often true.

Walls are a good example of something that isn’t “usually” that different in a brand new home as compared to a 300-year-old home. Sure, there are exceptions, but I’m talking about smooth interior painted walls. Restoration of an old plaster wall in a bedroom might cost five times as much as just replacing that same wall with drywall and the end result may look nearly identical.

A solid wood interior door, on the other hand, may be the opposite situation. The existing home might have solid doors made of a hardwood you just can’t buy anymore. If you look closely, those old doors might have a particular profile on the trim or the panels. Even if you can get a similarly designed door, the chances of replacing that detail are slim. When it comes to decorative building elements, the saying, “They just don’t make them like they used to,” is often true.

I Just Love It

I was talking with some fixer-upper owners one day in their home when the homeowners and I started talking about an archway between two rooms. I mentioned how unique and interesting that archway was and the wife said, “I just love that arch, but I know it has to come out.” When I inquired further, I found that two other contractors had told her the arch had to go to accomplish the other objectives of the project. I helped them find a solution that saved the arch.

Whenever there is any element of your home, no matter how tiny or how big, that inspires you to use the words “I just love that,” my advice is to work very hard toward restoring that item rather than replacing during your whole-house remodel. Even if it’s difficult or something else has to be sacrificed. Those “love it” items are what makes the house yourhome.

Cost is Always a Factor

The last factor, of course, is cost. Sometimes restoration of an item is less costly than replacement; other times it’s far less expensive to replace than to restore. When you’re attempting a major project like a whole-house remodel, sometimes it can just come down to money. What makes the most financial sense in the long run?

Options Are Good

The great thing about this question is that it reveals the fact that there are options. You’re not forced to go one way or another and you shouldn’t listen to people who try to take those options away.

Restore when you can, replace when you have to … and enjoy the process either way!

by Tim Layton

Filed Under: A little bit of Trivia, A Positive life, Eastside Real Estate Blog, Issaquah Lifestyle Blog, Issaquah Real Estate, Larry and Kathy Reichle, Remodeling Costs, Reno, Things To Do, What makes you happy?, What's Trending Tagged With: homeownership, Reno or Fix, Restoration

Eastside Real Estate Blog

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Larry & Kathy Reichle

371 NE Gilman Blvd. #160
Issaquah, WA 98027

Phone: 206-999-1690

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Eastside Real Estate Blog

The Cost Of Purchasing A Home In The U.S. Increased 55% Last Year. But It’s Still A Great Time To Buy A House For These Five Reasons

I’ve always been all-in on homeownership. Yet, for the first time in two decades … Read More

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