There is plenty of chatter around the conversation of home ownership with our family and friends. You’ve seen the headlines in the media and you’ve watched interest rates climb this year. So what IS happening in the local Tacoma real estate market? Take a listen as Jenny sits down with Windermere Abode owner, Dave Jones, on the Inside Abode podcast HERE!
1. What’s happening in our local real estate market?
Recency bias. The market we were in earlier this year and in 2021 is not the same market we have today. The big takeaway: be careful to not only compare the current market to the market frenzy of the last year alone. When we step back and compare our current market, it’s reiterated that we are in a more balanced market. Are we going into a recession or in a recession? More on this below.
2. How can homebuyers manage the increased interest rates?
3. Are we in a recession?
4. The silver lining in a shifting market…
5. Why does the number of homes for sale matter?
6. Affordability in Pierce County
Buying a home is a longterm life plan. Budget your monthly spending, plan in partnership with an industry professional and don’t loss sight of your goal of being a homeowner – it’s an important life goal. Once you are a homeowner (and if you are anxious about your new financial obligation) consider renting out a room or space in your home to alleviate your financial burden. Curious about the most affordable neighborhoods in Pierce County? Find out HERE!