Blog - Josh Friend Group

Featured Home – Lake Sammamish View

Last month, despite a falling market and rising interest rates, we listed and sold a home in Bellevue’s Vasa Park neighborhood in under two weeks. As mentioned above, our team did the pre-work to get this home move-in ready before we listed – and that made the difference. I spent 6 hours over two days […]
My View of the Market – October 2022

The buzz in the media these days are housing price reductions. Is it true? I have researched all of the current data on the NWMLS. What is true is that average Days On Market (DOM) have increased this year. They have gone from 8 days to 15 DOM. To me, this means that well priced homes […]
What about interest rates?

Interest rates are still rising. It’s important to keep in mind that for every point the interest rates rise, a buyer’s buying power is reduced by 10%. This is because their monthly payment increases. Here’s an example. Let’s say you are financing $500,000 and your interest rate is 4%. Your monthly payment would be $3,079. […]
What about prices?

Inventory has been a problem for a while now and this news isn’t getting any better. New listings are down 25%. But, on the flip side, so are the showings per listing. In fact, the entire market (buyers & sellers) has reduced by 25%, so this has all balanced out. And, this is a good thing. It’s because of […]