Episode #265 - Are There ANY Affordable Homes?!

Published: May 21, 2022, 7 p.m.

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With skyrocketing housing prices and mortgage rates notching ever higher, is there any hope for a median-income family to find a place of their own? On this episode of Open House, the answer is a definitive \\u201cJa!\\u201d\\xa0

(Eric is in a particularly Norwegian mood on this broadcast).

Inventory challenges aside, it all comes down to strategy.\\xa0 A grocery clerk won\\u2019t find a \\u2018super market\\u2019 for housing in Bellevue \\u2013 but may discover opportunities \\u2018stocked\\u2019 in cities like Maple Valley, Black Diamond or Buckley - and once invested, equity will clear the path for moving up. \\xa0
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\\xa0You\\u2019ll come away from this podcast learning:

\\xb7\\xa0 \\xa0 \\xa0 \\xa0 Workable strategies to advance from starter home to dream home.

\\xb7\\xa0 \\xa0 \\xa0 \\xa0 Current analysis on whether interest rates will level off.\\xa0

\\xb7\\xa0 \\xa0 \\xa0 \\xa0 The impact of societal changes on housing expectations.

\\xb7\\xa0 \\xa0 \\xa0 \\xa0 Why -despite Reddit-fueled fears- the end of forbearance will not crash the housing market.

\\xb7\\xa0 \\xa0 \\xa0 \\xa0 What efforts the government is making to close the housing gap \\u2013 and how successful it\\u2019s likely to be.

\\xb7\\xa0 \\xa0 \\xa0 \\xa0 How bureaucratic lending policies tend to hose small investors and work at cross-purposes to housing solutions.

\\xb7\\xa0 \\xa0 \\xa0 \\xa0 Why some zero-down lending programs are being suspended \\u2013 and what it takes to qualify for the ones left.

\\xb7\\xa0 \\xa0 \\xa0 \\xa0 Why it\\u2019s important to keep your agent apprised of your loan qualifications (and what can happen if you don\\u2019t).

Plus, Reba gives a timely rundown of available units 500K and under in King County, and Eric lays out lending options for a home upgrade.

All that - and an impromptu Norwegian lesson \\u2013on this episode of Open House with Team Reba.

H\\xe5per det smaker!\\xa0 (Bon appetit)

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