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Commentary Provided byDebra and Raymond Gravelle If you can qualify, now is an exceptional time to buy a home in Moses Lake. Low rates with falling home prices makes a home purchase a great value! Call now for more information at Debra @ 509-771-9099 or Raymond @ 509-771-0027 |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Spokane | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | More than 120 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $175,000 - View Graph Trend | ||
| Best Selling Price Range | $100,000 - $149,000 | ||
| Worst Selling Price Range | $300,000 - $349,000 | ||
| Compared to Last Year | Down 5-10% | ||
| Prices As % of Asking Price | 95-100% | ||
| Multiple Offers? | No | ||
| Multiple Offers Commentary | Occassional for an exceptionally priced property | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Moses Lake is | Increasing | ||
| Seller Activity for the past 90 days in Moses Lake is | Increasing | ||
| Is Financing Available For Qualified Buyers in Moses Lake? | Yes | ||
| Comments on Financing For Qualified Buyers | It not as hard to get financing as some make out. Steady job, decent credit score, reasonable debt to income ratio and you can get financed. | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 10-15% | ||
| Housing Hot Spots | Most cities within the Grant County area are considered 'Housing Hotspots'. Low cost of living attracts retirees and people who want an affordable vacation home in our 300 days of sunshine. | ||
| Reason to Buy/Sell | Job Growth | ||
| Average Sold Price | $175,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Debra and Raymond Gravelle
RE/MAX Home Team Realty Moses Lake, Washington Debra @ 509-771-9099 or Raymond @ 509-771-0027 Debra@MoveInMosesLake.com Agent Home Page 
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Moses Lake Local News
Tax Benefits of Homeownership in Moses Lake, WA - Wednesday October 21st, 2009 9:19pm
The tax deductions you're eligible to take for mortgage interest and property taxes greatly increase the financial benefits of homeownership. Here's how it works.
Assume:
$9,877 = Mortgage interest paid (a loan of $150,000 for 30 years, at 7 percent, using year-five interest)
$2,700 = Property taxes (at 1.5 percent on $180,000 assessed value)
______
$12,577 = Total deduction
Then, multiply your total deduction by your tax rate.
For example, at a 28 percent tax rate: 12,577 x 0.28 = $3,521.56
$3,521.56 = Amount you have lowered your federal income tax (at 28 percent tax rate)
Note: Mortgage interest may not be deductible on loans over $1.1 million. In addition, deductions are decreased when total income reaches a certain level.
If you have any questions about how to put these tax benefits to work for you, call either one of us.
Thanks,
Deb & Ray Gravelle
"Team Up" with
RE/MAX Home Team Realty
(509) 771-9099 or (509) 771-0027
Debra@MoveInMosesLake.com
Free updated listings: www.ServingMosesLake.com
Moses Lake Real Estate Market Conditions and Trends - Tuesday October 13th, 2009 11:12pm
See a concise market report giving the latest statistics like:
-Average days a home is one the market
-Best selling price range
-Price as a % of Asking price
-Financing availability and more
Link to REPORT: http://tinyurl.com/yfknvb3
I believe the market is leveling out and that sellers are getting more realistic about pricing their homes. However, we still have Buyers who think that they should get a "steal" - and many times they can.
Contact Me
Send me an Email
Debra @ 509-771-9099 or Raymond @ 509-771-0027
