Episode 151 of the Seattle Real Estate Podcast takes a deep dive into the latest housing stats from September, uncovering shifts and surprises that are reshaping Seattle’s market. Join Dan and Tucker as they break down the current trends, from interest rates reaching new highs to unexpected price patterns impacting buyers, sellers, and investors alike. The episode also explores housing policy contrasts between Trump and Harris, discussing how their different approaches could influence Seattle's real estate scene. Whether you’re actively in the market or just staying informed, this episode is packed with valuable insights.

Tune in for expert analysis and a look into what’s next for Seattle’s housing market!

#SeattleRealEstate #HousingTrends #InterestRates #RealEstatePodcast #HomeBuyers #Investing #MarketUpdate #TrumpVsHarris #SeattleMarket #HousingPolicy #EastsideRealEstateTeam #PodcastEpisode151"

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The Seattle Real Estate Team | The Eastside Real Estate Team
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In this episode of *The Seattle Real Estate Podcast*, we dive into what first-time home buyers need to know when purchasing a home in a tough economy. We’ll cover essential tips like understanding your financial situation, getting pre-approved, and working with a knowledgeable agent to navigate the challenging market. We’ll also explore how local market trends, budget planning, and negotiation strategies can help buyers succeed. Plus, we’ll highlight the Washington State Covenant Home Loan Program, which offers unique opportunities for first-time buyers looking for financial assistance. Tune in for valuable insights to help you achieve your homeownership goals!
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Want to buy/sell or invest in Seattle
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In this episode of The Seattle Real Estate podcast, we will delve into two key aspects of the home buying process: **common issues found during home inspections** and the **differences between FHA, VA, and USDA loans**.

Home Inspection Pitfalls
You kick off the episode by exploring **five major issues that often arise during a home inspection**, including structural problems, electrical hazards, plumbing leaks, roof damage, and HVAC inefficiencies. Each issue is discussed in detail, helping buyers understand the potential risks and repair costs that could come up when purchasing a home. You also share tips on how to handle these challenges, such as negotiating for repairs or credits, and what buyers should prioritize when deciding whether to move forward with the purchase.

FHA, VA, and USDA Loans Explained
Next, you transition into a discussion on **FHA, VA, and USDA loans**, breaking down the key differences between these popular government-backed loan programs:

- **FHA Loans**: You explain that FHA loans are designed for first-time homebuyers or those with lower credit scores, offering a lower down payment option (as little as 3.5%). However, they come with mandatory mortgage insurance premiums, regardless of the down payment amount.

- **VA Loans**: You highlight the benefits of VA loans for veterans and active military members. VA loans typically require no down payment and have no private mortgage insurance (PMI) requirements. The episode details how this can be a huge advantage for eligible buyers, but you also mention that there are service eligibility requirements.

- **USDA Loans**: You describe how USDA loans are aimed at buyers in rural areas, providing 100% financing with no down payment. However, you point out that these loans are location-specific, and buyers must meet income eligibility requirements to qualify.

Throughout the episode, you offer listeners practical advice on how to determine which loan might be the best fit for their financial situation and home buying goals. You also provide insights on working with a lender to get pre-approved for the right loan before starting the home search.

This episode equips buyers with the knowledge to navigate two critical stages of the home buying process—getting through the inspection and choosing the right financing option for their needs.

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Want to buy/sell or invest in Seattle
The Seattle Real Estate Team | The Eastside Real Estate Team
Call Dan Edwards
425-276-7008

Welcome to the Seattle Real Estate Team podcast! In this episode, we're discussing how to get ready in September for a smooth home purchase by November. Timing is everything, and we'll guide you through the steps you need to take now to be fully prepared for a Thanksgiving move-in. From organizing your finances and getting pre-approved, to finding the perfect home and navigating the market, this episode is packed with tips and strategies to help you make the most of this fall season and settle into your new home just in time for the holidays!

**Current Mortgage Rates:**

- **30-year fixed-rate mortgage**: 6.25% - 6.5%
- **15-year fixed-rate mortgage**: Around 5.62%
- **FHA/VA loans**: Approximately 5.7%

**2024 Rate Changes**: At the start of 2024, the 30-year fixed rate was above 7%. Rates have since dropped by nearly 1%.

**Factors Influencing Rates**:
- The Federal Reserve's monetary policies, with expected rate cuts as inflation cools and economic growth slows.
- Economic indicators like jobs reports and inflation continue to impact rates, with a weaker August jobs report contributing to recent declines.

**For Seattle Homebuyers**:
Lower mortgage rates have made home loans more affordable, attracting more buyers to the market. However, rising demand could push home prices higher, and inventory remains low, keeping the market competitive.

Support the show

Want to buy/sell or invest in Seattle
The Seattle Real Estate Team | The Eastside Real Estate Team
Call Dan Edwards
425-276-7008

Welcome to the Seattle Real Estate Team podcast! In this episode, we're discussing how to get ready in September for a smooth home purchase by November. Timing is everything, and we'll guide you through the steps you need to take now to be fully prepared for a Thanksgiving move-in. From organizing your finances and getting pre-approved, to finding the perfect home and navigating the market, this episode is packed with tips and strategies to help you make the most of this fall season and settle into your new home just in time for the holidays!

**Current Mortgage Rates:**

- **30-year fixed-rate mortgage**: 6.25% - 6.5%

- **15-year fixed-rate mortgage**: Around 5.62%

- **FHA/VA loans**: Approximately 5.7%

**2024 Rate Changes**: At the start of 2024, the 30-year fixed rate was above 7%. Rates have since dropped by nearly 1%.

**Factors Influencing Rates**:

- The Federal Reserve's monetary policies, with expected rate cuts as inflation cools and economic growth slows.

- Economic indicators like jobs reports and inflation continue to impact rates, with a weaker August jobs report contributing to recent declines.

**For Seattle Homebuyers**:

Lower mortgage rates have made home loans more affordable, attracting more buyers to the market. However, rising demand could push home prices higher, and inventory remains low, keeping the market competitive.

Support the show

Want to buy/sell or invest in Seattle
The Seattle Real Estate Team | The Eastside Real Estate Team
Call Dan Edwards
425-276-7008

In this episode of the Seattle Real Estate Podcast, we dive into some of the most pressing topics for real estate investors and property managers.

Real Talk Segment: Investing in Real Estate
Our "Real Talk" segment focuses on the ins and outs of real estate investment. Whether you're a seasoned investor or just getting started, we'll explore key strategies, market trends, and the potential risks and rewards of investing in Seattle's dynamic real estate market.

Mortgage Moment: Lending Guidelines for Rental Properties
In the "Mortgage Moment," we'll break down the latest lending guidelines specifically tailored for rental properties. Understanding these guidelines is crucial for securing financing and making informed investment decisions. We'll cover the essentials to help you navigate the complex landscape of real estate lending.

Special Guest: Dylan Foggit from Brink Property Management
We're excited to welcome Dylan Foggit from Brink Property Management as our guest for this episode. Dylan will share his expert insights on the current state of the rental market, discuss best practices for property management, and offer advice on how to maximize your rental property investments.

Tune in to Episode 146 for a comprehensive discussion on real estate investment, lending for rental properties, and the latest trends in property management.

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Want to buy/sell or invest in Seattle
The Seattle Real Estate Team | The Eastside Real Estate Team
Call Dan Edwards
425-276-7008

The Seattle Real Estate Podcast is a popular show dedicated to providing insights and updates on the real estate market in Seattle and beyond. Hosted by industry experts, the podcast covers a wide range of topics including market trends, investment strategies, and practical advice for buyers and sellers.

### Episode Topic: Taking Advantage of Today's Higher Inventory and Lower Interest Rates

In today's episode, the focus is on how buyers can take advantage of the current real estate landscape, characterized by higher inventory levels and lower interest rates. The hosts will delve into:

1. **Market Overview**: An analysis of the current housing market in Seattle, highlighting the increase in property listings and the factors contributing to lower interest rates.

2. **Buyer Strategies**: Practical tips and strategies for homebuyers on how to navigate the market, including how to identify good deals, negotiate effectively, and secure favorable mortgage terms.

3. **Expert Insights**: In-depth discussions with real estate and mortgage professionals who provide their perspectives on how buyers can maximize their opportunities in today's market conditions.

### Featured Experts:

- **Dan Edwards**, Managing Broker with Keller Williams: With over 22 years of experience in the real estate industry, Dan brings a wealth of knowledge and expertise to the discussion. His deep understanding of the Seattle market and proven track record in helping clients buy homes make him a valuable resource for listeners.

- **Tucker Maxwell**, Mortgage Originator with Guild Mortgage: As a seasoned mortgage professional, Tucker specializes in helping clients secure the best financing options. His insights on the current interest rate environment and tips for obtaining favorable mortgage terms will be particularly beneficial for buyers.

Listeners will gain valuable insights on how to make informed decisions and take full advantage of the unique opportunities presented by today's market dynamics. Whether you're a first-time homebuyer or looking to upgrade, this episode provides the knowledge and tools needed to navigate the real estate market effectively.

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Want to buy/sell or invest in Seattle
The Seattle Real Estate Team | The Eastside Real Estate Team
Call Dan Edwards
425-276-7008

**Seattle Real Estate Podcast: June Housing Market Update**

Join us for an insightful episode of the Seattle Real Estate Podcast, where we dive deep into the latest developments in the Seattle housing market. This month, we're featuring:

- **Dan Edwards**, Managing Broker of the Seattle Real Estate Team, will provide an expert analysis of the June housing market trends, key statistics, and what they mean for buyers and sellers.

- **Tucker Maxwell** from Guild Mortgage, brings you the latest Interest Rate Report. Tucker will break down current mortgage rates, predictions, and strategies for securing the best deals in a fluctuating market.

- **Evan Amundson** at Heartland HR & Payroll Services, discussing valuable tax credits available for businesses. Learn how to maximize your savings and take advantage of these opportunities to benefit your business financially.

Whether you're a homeowner, prospective buyer, real estate investor, or business owner, this episode is packed with essential information to help you navigate the market and make informed decisions. Tune in and stay ahead with the Seattle Real Estate Podcast!

Support the show

Want to buy/sell or invest in Seattle
The Seattle Real Estate Team | The Eastside Real Estate Team
Call Dan Edwards
425-276-7008