September 13 2012
Not quite neighborhood of the year, but close enough!
The Seattle P.I. recently named Maple Leaf in its Top Ten Next Best Neighborhoods, saying that Maple Leaf offered a more affordable option than some of the other North Seattle neighborhoods.
The PI had this to say about Maple Leaf:
Please — don’t call it Northgate, and don’t call it Ravenna. This low-profile neighborhood is making a name for itself as an affordable alternative to sought-after North Seattle neighborhoods on the other side of Interstate-5.
That comes as no surprise to those of us who live and/or work in Maple Leaf. If you are new to Seattle or just looking to live in an up-and-coming neighborhood with great community spirit, take a look at Maple Leaf. Contact me! And I’ll help you move into this great neighborhood before everyone else does!
Freddie Mac released their latest interest rates and the trend towards slight increases continues.
On a 30-year fixed loan, the rate rose from 3.59% last week to 3.62% this week. On a 15-year loan the rates rose from 2.84% last week to 2.88% this week.
What does it all signify? Chances are we have seen the end of the record-breaking low interest rates. As the real estate market continues to stabilize, rates will rise gradually until a proper balance is found. Where that balance is remains a huge point of speculation.
All economic signs continue to point at a gradual improvement in the market. It remains to be seen, of course, what effect the national elections in November will have on the market, and chances are that we will see hesitancy on the part of investors until the political landscape becomes better defined after November.
However, for the average home buyer, if it makes financial sense, there have been very few times when it was a better time to buy or sell your home. If I can help, or you’d like a free newsletter to be kept up to date on Seattle real estate, please sign up for my newsletter!
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Photo by 401(K) 2012 on Flickr.