Jacob Fox/Realtor

11/10/2021

Jacob Fox- THE PHIPPS TEAM-EXP REALTY

What’s Happening with Home Prices?

Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions.

>>How much have home values appreciated over the last 12 months?
According to the latest Home Price Index from CoreLogic, home values have increased by 18.1% compared to this time last year. Additionally, prices have gone up at an accelerated pace for each of the last eight months. The last year has shown tremendous home price appreciation, which is resulting in a major gain in wealth for homeowners through rising equity.

>>What’s happening with home prices right now?
Indices also show that while appreciation is in the high double digits right now, that price...


(509) 438-0894

Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions.

11/08/2021

Jacob Fox- THE PHIPPS TEAM-EXP REALTY

Two Graphs That Show Why You Shouldn’t Be Upset About 3% Mortgage Rates

With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t going away any time soon.

But as a homebuyer, what do rates above 3% really mean?

Buyers don’t want mortgage rates to rise, as any upward movement increases your monthly mortgage payment. But it’s important to put today’s average mortgage rate into perspective. Even though today’s rate is above 3%, it’s still incredibly competitive.

But today’s rate isn’t just low when compared to the most recent years. When we look back even further, we can see that today’s rate is truly outstanding by comparison.

Being...


(509) 438-0894

With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t going away any time soon.

11/07/2021

Jacob Fox- THE PHIPPS TEAM-EXP REALTY

Waiting for the right time to sell? With the average house receiving nearly 4 offers, listing yours this fall means it has a great chance to get noticed by competing buyers. DM me today so we can discuss how your house can truly stand out in today’s market.


(509) 438-0894

11/07/2021

Jacob Fox- THE PHIPPS TEAM-EXP REALTY

Your Perfect Home Is the One You Perfect After You Buy

Don't give up the search just because you haven't found a home that checks every box. Let's connect to see which of your "must haves" can be accomplished after you purchase.


(509) 438-0894

11/05/2021

Jacob Fox- THE PHIPPS TEAM-EXP REALTY

Numbers Don’t Lie – It’s Still a Great Time To Sell [INFOGRAPHIC]

Heading into the end of the year, you might wonder if it’s still a good time to sell your house. Here’s what the latest data from the National Association of Realtors (NAR) says. Housing supply is lower than last year, and home prices are up nationwide. Meanwhile, the average home is selling fast and receiving several offers. Listing now puts your house in the spotlight, meaning it could sell quickly – and for more than you’d expect. Feeling motivated? If you’re ready to sell and capitalize on today’s market, DM me.


(509) 438-0894

Some Highlights Heading into the end of the year, you might wonder if it’s still a good time to sell your house. Here’s what the latest data from the National Association of Realtors (NAR) says. Housing supply is lower than last year, and home prices are up nationwide. Meanwhile, the average hom...

11/03/2021

Jacob Fox- THE PHIPPS TEAM-EXP REALTY

With mortgage rates rising, serious buyers want to purchase now before rates climb further. That means if you’re thinking of selling, listing before the end of the year could provide you with the best chance to get in front of competitive buyers. Do you plan to this fall? Let me know in the comments below.


(509) 438-0894

11/01/2021

Jacob Fox- THE PHIPPS TEAM-EXP REALTY

The appraisal and inspection are important steps in the homebuying process. When you buy, avoid the temptation to waive either one. They provide you with information about the home’s value and condition to protect your investment. DM me so we can discuss how you can be prepared for both when the time comes.


(509) 438-0894

10/31/2021

Jacob Fox- THE PHIPPS TEAM-EXP REALTY

Does Your House Have What Buyers Want?

The rise in remote work is changing what many Americans want in their homes. Many companies are choosing to delay reopening or go remote full-time, and today’s buyers are looking for homes with more space to support their work needs. As a seller, if you no longer need the extra room you have in your home, rest assured there are buyers who do.

More remote work means a greater need for home offices. That’s leading today’s buyers to prioritize finding homes with more space so they can comfortably work from home. The 2021 Home Design Trends Survey from the American Institute of Architects finds that 69% of surveyed individuals still want at least one office at home. However, it also shows that more people are looking for multiple spaces in their home for remote work and virtual meetings.

If your house has extra space...


(509) 438-0894

The rise in remote work is changing what many Americans want in their homes. Many companies are choosing to delay reopening or go remote full-time, and today’s buyers are looking for homes with more space to support their work needs.

10/31/2021

Jacob Fox- THE PHIPPS TEAM-EXP REALTY

The Mortgage Process Doesn’t Have To Be Scary [INFOGRAPHIC]

Applying for a mortgage is a big step towards homeownership, but it doesn’t need to be one you fear. Here are some tips to help you prepare. Know your credit score and work to build strong credit. When you’re ready, lean on your agent to connect you with a lender so you can get pre-approved and begin your home search. DM me so you have an advisor by your side to take the fear out of the equation.


(509) 438-0894

Some Highlights Applying for a mortgage is a big step towards homeownership, but it doesn’t need to be one you fear. Here are some tips to help you prepare. Know your credit score and work to build strong credit. When you’re ready, lean on your agent to connect you with a lender so you can get p...

10/29/2021

Jacob Fox- THE PHIPPS TEAM-EXP REALTY

Don't Fear Today's Real Estate Market

Buying a home doesn't have to be scary, even in a sellers' market. Let's connect today to take the fear out of the equation.


(509) 438-0894

10/27/2021

Jacob Fox- THE PHIPPS TEAM-EXP REALTY

Housing Challenge or Housing Opportunity? It Depends.

The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what we’ve experienced historically.

There are many reasons for the limited number of homes on the market, but we’re well below where we’ve been for most of the past 10 years. Today, across the country, there is only a 2.4-month supply of homes available for sale.

The Opportunity

This lack of homes for sale is creating a challenge for many buyers who are growing frustrated in their search. On the other hand, this is a huge opportunity for sellers as low supply is driving up home values. According to CoreLogic, the average home has appreciated by more than $50,000 over the past year. And for many...


(509) 438-0894

The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what we’ve experienced historically.