Nisha Bharti Real Estate Broker with Coldwell Banker Bain

08/17/2023

Fewer Homes for Sale Than Pre-Pandemic

Nisha Bharti is a real estate agent with Coldwell Banker Bain. Check out Nisha Bharti's listings or office listings.

08/09/2023

The Cost of Buying a House in 2023
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The current housing market is challenging for prospective and first-time homebuyers due to high home prices, mortgage rates, and low housing supply. The median price of a home in the US is $410,200, requiring a minimum of $12,306 for a 3% down payment, plus other associated costs. It is important fo...

07/31/2023

US Homebuilder Sentiment Surges

Nisha Bharti is a real estate agent with Coldwell Banker Bain. Check out Nisha Bharti's listings or office listings.

07/31/2023

Mortgage Rates Soar, but Home Buyers Still Active
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Home buyers are still actively entering the market despite the recent rise in mortgage rates. This is due to limited housing supply, fear of missing out, and government programs offering down payment assistance. Home buyers will need to make a larger down payment and adjust their budget to accommoda...

07/13/2023

House Hack With an FHA Loan

Nisha Bharti is a real estate agent with Coldwell Banker Bain. Check out Nisha Bharti's listings or office listings.

06/26/2023

Boost for Homebuyers From Unchanged Interest Rates
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The Federal Reserve's announcement to pause rate hikes gave a tentative boost to prospective homebuyers, as they perceive a pause as relief from the burden of high interest rates. This, along with a slight decrease in mortgage rates, has led to a 7.2% increase in mortgage applications. Despite this,...

06/25/2023

Why '20 Percent Down' Is A Home-Buying Myth In 2023
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The requirement of a 20% downpayment for a home loan is no longer the standard, and buyers can now put down anywhere from 5-20%, depending on their situation. Factors such as credit score, income, and age all affect the amount of the downpayment, with conventional loans requiring a minimum of 3%. Ad...

06/17/2023

Tenants protest outside city hall as Tacoma rents increase four times faster than Seattle
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Market experts are warning that the affordability gap between Tacoma and Seattle is narrowing, with Tacoma rents increasing four times faster than those in Seattle. Jeff Tucker, a Senior Economist at Zillow, found that while rent in Tacoma remains more affordable than in Seattle, incomes in Tacoma a...

06/10/2023

Mortgage rates bounce back up after falling for two weeks
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Mortgage rates have been in the 6-7% range for the last 8 months and have increased this week after falling for two weeks in a row. Economic crosscurrents are causing uncertainty, and the debt limit standoff in Washington is creating further uncertainty about the future of the housing market. If a d...

05/30/2023

Tiny Homes Market Research | 2023-2030
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05/27/2023

Washington governor signs law allowing duplexes, fourplexes
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Gov. Jay Inslee of Washington has signed a law allowing duplexes and fourplexes in most neighborhoods in cities to increase the state's housing supply. The law overrides local zoning rules that have long kept large areas for only single-family homes, aiming to address the housing crisis that require...

05/21/2023

The Breakdown: Higher credit score, higher homebuyer fees?
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However, Louisiana State Treasurer John Schroder and 33 other state treasurers and financial officers have criticized the new rule, arguing that it will take money away from those who have played by the rules and have a good credit score and saved enough to make a strong down payment. The Federal Ho...