The graph below shows Lynden Homes For Sale, Homes Sold and Pending Sales for the past 15 months.

I ran across the following article regarding the latest on the housing market. It backs what I have been feeling that the affordability of buying real estate is at a all time high, with record low interest and the low current prices now is the time to jump in the market.

Although we are still dealing with some repo’s and short sales the current inventory is definitely getting eaten up by buyers taking advantage of the low interest and lower prices.

INFO THAT HITS US WHERE WE LIVE… Today’s home buyers seem to be in the right place at the right time, as our already super low mortgage rates may go even lower. The impetus for this comes from the Fed’s announcement last Thursday that they will purchase $40 billion a month of mortgage backed securities guaranteed by Fannie Mae and Freddie Mac. This is to keep downward pressure on interest rates to help boost the housing recovery. One observer expects to see “the lowest 30-year rates ever.” Smart buyers will no doubt do something about that.

Economists say the housing market bottomed out this summer and they expect improvement in 2013. Even though Consumer Confidence in August dipped to its lowest level since late 2011, Fannie Mae reported that 73% of Americans who were polled think it’s a good time to buy a home. Harvard University’s recent “State of the Nation’s Housing” report sees “definitive signs of a turnaround.” The situation has improved for sellers too, as lower inventories of homes for sale are making price cuts less common and homes sell for near asking prices.

I would like to personally welcome Daisy Valladares as a new Broker to The Muljat Group North. Daisy is a graduate of Lynden High School and Whatcom Community College. She previously was the head of the Washington State Migrant Council Head Start Program in Lynden. Daisy speaks Spanish fluently and has extensive ties to our Hispanic community.
We are excited about Daisy becoming part of our team and would like to welcome everyone to stop by and welcome Daisy to our team.

I ran across this article on the advantages to Real Estate Investment. I found it interesting on the advantages of buying Real Estate vs buying stocks.

If you are thinking investments you should read this article it helps put a light on the outside risk factors that play into your investments.

Click here to read the article.

Open house, Saturday, September 15, 11am to 1pm

Perfect vacation or year round home! Beautifully finished 2946sqft home with great room featuring wood beams and rock wall with fireplace opens to lovely kitchen with eating bar and adjacent enclosed sun room perfect for entertaining! 2 spacious master suites, one on each floor and set on canal at Sandy Point. Enjoy community golf course, pool and clubhouse. Offered at $539,900

Pending home sales rose in July to the highest level in over two years and remain well above year-ago levels, according to the National Association of Realtors®.

Lawrence Yun , NAR chief economist, said the index is at the highest level since April 2010, which was shortly before the closing deadline for the home buyer tax credit. “While the month-to-month movement has been uneven, more importantly we now have 15 consecutive months of year-over-year gains in contract activity,” Yun said.

Click here for the full article courtesy of Walter Moloney, NAR.

Open House– Saturday, August 25, 1-4pm and Sunday, August 26, 1-4pm