Yes, we are in Port Angeles and thinking about selling. Was surprised to see houses that sell doing pretty good usually. Our agent told us “nobody is selling. Nobody wants to trade their 3.5 rate for 6.5”. So much for the “housing crash”!! I have to say this puts us in a unique position because our PA house is paid off. We bought a 2nd house in Colorado and it is at 7%. We don’t care because rent pays it (when they pay) and so long as we can sell PA for a profit we’ll pay that house off and move into it at primary. We thought we would have to wait another year, but surprisingly a 6% interest rate that looks very close is gonna bring that in a year.
Well done and CONGRATS! We are definitely trending back to where we have been out here for the past decade…consistently low inventory + high desire to move here = higher appreciation by comparison to most other markets. Your situation is a perfect example of leveraging both markets. A week into April and the median home price is already headed north faster than I expected. So, you’re correct, you’re probably not gonna need rates to get lower than 6%, and you’ll be making that move sooner than later. Bravo and all my best to you! 👍
Yes, we are in Port Angeles and thinking about selling. Was surprised to see houses that sell doing pretty good usually. Our agent told us “nobody is selling. Nobody wants to trade their 3.5 rate for 6.5”. So much for the “housing crash”!! I have to say this puts us in a unique position because our PA house is paid off. We bought a 2nd house in Colorado and it is at 7%. We don’t care because rent pays it (when they pay) and so long as we can sell PA for a profit we’ll pay that house off and move into it at primary. We thought we would have to wait another year, but surprisingly a 6% interest rate that looks very close is gonna bring that in a year.
Well done and CONGRATS! We are definitely trending back to where we have been out here for the past decade…consistently low inventory + high desire to move here = higher appreciation by comparison to most other markets. Your situation is a perfect example of leveraging both markets. A week into April and the median home price is already headed north faster than I expected. So, you’re correct, you’re probably not gonna need rates to get lower than 6%, and you’ll be making that move sooner than later. Bravo and all my best to you! 👍