Where Are Homebuyers Moving in Washington State?

Buying a Home in Washington StateIf you’re planning to buy a home in Washington State, you’re not alone — and you’re probably using a mortgage between $300,000 and $1,000,000.

That loan range now represents the largest share of homebuyers across Washington, from first-time buyers to relocations and move-up homeowners. But where people are buying has shifted significantly in the past few years.

Below are the top Washington cities attracting homebuyers and what mortgage financing typically looks like in each market. [Read more…]

Looking for Affordable Housing? Check out Greater Tacoma!

If you’re looking to buy your first home, you may have to expand your horizon to find a home that’s more affordable. When I bought my first home many years ago, I wound up with a small rambler in Northeast Tacoma. We used an FHA mortgage with a 3.5% down payment (you do NOT need 20% down to buy a home). At the time, I was working in downtown Seattle at the Columbia Center and it was a heck of a commute…but I was so proud to own a home. We only owned it for a couple of years before we were able to sell it and use the appreciation to buy our next “move up” home. [Read more…]