Vanguard Realty

Why is this market good for us?

 

1. It's a great time to buy a home.  Prices are low and rates are too.
 
2. Home prices were rising at over double the rate of wages. It was unsustainable and the madness had to stop. 
 
3. Your kids may be able to afford a home near you someday.
 
4. Lenders are making good loans that should reduce future foreclosures and shortsales, which had been driving prices down.
 
5. There are too many real estate agents in our area.  The squeeze on sales volume should eliminate some unskilled part timers.
 
6. Washington States reckless legislation, Distressed Homeowner Law, has been repealed.  This legislation devastated the people it was intended to help and forced many of them into foreclosure. With it gone the healing should begin.
 
7. If you need to sell and buy a home the effects of the market should be neutral.
 
 
 Information about the graph above. 
 Olympia Housing Price Index
Olympia WA HPI Through 3 Qtr 2009
The Office of Federal Housing Enterprise Oversight (OFHEO) estimates and publishes quarterly house price indexes for single-family detached properties using data on conventional conforming mortgage transactions obtained from the Federal Home Loan Mortgage Corporation (F...reddie Mac) and the Federal National Mortgage Association (Fannie Mae). The house price indexes published by OFHEO -- hereafter referred to collectively or individually as the “HPI” --are based on a modified version of the weighted-repeat sales (WRS) methodology proposed by Case and Shiller (1989). This paper provides background and a technical description of the data and statistical methods used to estimate the HPI.
By: Federal Housing Administration

 

If you are looking to buy in Olympia, Lacey, Tumwater, Fort Lewis or Dupont call a Vanguard real estate consultant today. They are better skilled and will always negotiate in your best interest.

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Buyers

If you are looking to buy a home, you came to the right place. Vanguard Realty agents are experts on negotiation, mortgages, home selection and the home buying process. 

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Sellers

Vanguard Realty has a great mix of real estate agents for residential , commercial, land and property managment.  We have a professional home stager, real estate appraiser and property manager on our staff. Read more.