We facilitate the American Dream. From Realtor to the closing desk, we work together to safely and securely house the people and families in our community. This requires a lot of communication and paperwork between us, which is getting increasingly digital. Moreover, we’re communicating details about our clients financial information that, if placed in the […]

Buyers circle new listings like hungry wolves, plucking choice morsels from a skeletal inventory.
“For every house that comes on the market you have four or five buyers waiting for it,” said Frank Wilson, with John L. Scott in Poulsbo. “As fast as they come on, they’re sucked right back off.”

The median price for homes sold in Kitsap County reached $285,000 last month, as sales activity ramped up and inventory remained low.

After drifting higher for nearly a month, mortgage rates retreated this week but remain within a tight band.
As the markets calmed, home loan rates stabilized. With several key economic reports coming up, volatility could return. An unexpected global event would also cause a jolt to rates. But it seems more likely that they will continue to hover about where they are.

Mortgage credit continues to tighten
The U.S. economy may be on the upswing, but your chances of securing a mortgage are not.

Mortgage rates moved solidly higher last week, but lenders saw no letup in loan demand.
Mortgage application volume rose 4 percent from the previous week. The Mortgage Bankers Association included an adjustment for the Martin Luther King Day holiday. Volume continues to lag last year, however, by 18 percent, mostly due to the falloff in loan refinances since rates shot up after the presidential election.