The median price of a new home reached an all-time high of $565,613 in Washington this year, according to a recent report by the National Association of Home Builders (NAHB). And while the hot housing market is beginning to cool, only roughly 24 percent of Washington’s families can afford to buy a home at that […]
finance
Posted inAt Home
Should You Buy or Rent a Home?
If you’re feeling stressed about rising rents and interest rates, you are not alone. Most American renters say their rents increased in the past 12 months, and for many, their wage gains didn’t keep pace. In addition, mortgage rates have reached a two-decade high. This means that for those in the market to rent or […]
Posted inAt Home
Helping Teens Develop Financial Literacy
Developing financial knowledge and effective money management habits are important steppingstones for teenagers to become financially stable adults who aspire to build assets and achieve personal goals. For example, most teens (88%) would like to own a home someday, according to a survey conducted by Wakefield Research on behalf of Junior Achievement USA and Fannie […]
Posted inAt Home
What to Do if Your Mortgage Application is Denied
If you dream of homeownership, having your mortgage application denied can be devastating. If this does happen to you, it’s important to remember that you’re not alone. In 2020, 13 percent of all purchase mortgage applications — a total of nearly 650,000 — were denied, according to federal government data. Before quickly reapplying for a […]
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What You Need to Know About Insurance when Moving and Buying a Home
Much of the country is still in the middle of a red-hot real estate market. Home values have been rising due to high demand and first-time homebuyers should be aware of how the value of their home impacts the way their insurance premiums are calculated. Location and structure type are two examples of considerations that […]
Posted inAt Home
Kitsap Area Ranks Well for DIYers
Since the start of the COVID-19 pandemic more than two years ago, living space has taken on new importance for many Americans. From early COVID lockdowns to lasting remote or hybrid work arrangements, people have been spending more time at home and collectively investing billions in the spaces where they live. While the pandemic’s economic […]
Posted inAt Home
Moved and bought a home? Here’s what you should know
Much of the country is still in the middle of a red-hot real estate market. Home values are rising due to high demand and first-time homebuyers should be aware of how the value of their home impacts the way their premiums are calculated. Location and structure type are two examples of considerations that can affect […]
Posted inAt Home
A National Look at the Homebuying Market
What might the housing market look like in 2022? Mortgage Cadence, a digital mortgage lending company, surveyed over 1,000 Americans to better understand this year’s opinions. For many people, 2021 was the year to buy a home. Whether it was first-time home buyers, or people finally finding their dream homes, chances are someone you know […]
Posted inAt Home
Tips for Taking Write-Offs on Home Office Updates
Home business owners may not always be aware of the tax write-offs they can take. This includes write-offs on any office expenses or updates, so long as your home office meets certain basic requirements. Ideally, you will work with your accountant on figuring out which deductions you can take and how to go about it […]