Buying a Home Might Not Get Much Cheaper

Many renters today are choosing to put off buying a home for several reasons, statistics show that buying a home might not get any cheaper than it is right now. Experts say that 2012 may bet the last year for buyers to take advantage of the weak housing market and foreclosure influx. According to CNN Money, home prices are down 34% Nationally from 2006, and mortgage rates are at an all time low, making it the best year yet to find the bargain deal of a lifetime.

Economists with PNC Financial Services believe that home prices will flatten out by the third quarter of this year, and might begin to climb at the beginning of next year. There are several indicators that the housing market is picking up like the decline in foreclosures, and continued job growth nationwide, and buyers will have more access to affordable mortgages as they build their credit scores. While some prospective buyers who have been wary might be more willing to follow through because of the all-time low mortgage rates and lower home values, some renters still aren’t in a position to take the next step and will ultimately miss the grace period. For more information on the housing market, click here.

Madison Park Home – Available for $1,675,000

If you’re interested in moving to the Madison Park neighborhood, we’ve found this beautiful home nestled on a property surrounded by an expansive garden. This beautiful waterfront home is very close to several clubs and parks in the area, including the Broadmoor Golf Club, Madison Park Conservatory and Cafe Parco. It boasts beautiful views of the Cascade mountain range and has several sought after amenities such as oak floors, beautiful french doors and open sun filled rooms. The family room has garden access and the massive master bedroom suite has a marble bath tub, fireplace, sitting room and hot tub. For more information on the neighborhood and this lovely view home, please contact Ewing and Clark.

Status: For Sale
Bed/Bath: 3/2.5
List Price: $1,675,000

Madison Park Rental – Available for $2,375 a Month

The Madison Park neighborhood is known for their waterfront homes, views of the NW mountain ranges and short distance to several neighborhood parks. If you’re looking for a waterfront property to rent in the Seattle area, this gorgeous corner unit next to Madison Park beach and park is now up for grabs. This two bedroom one and a half bath unit is near several shops and restaurants in the area, including the Madison Park Conservatory, The Attic and Cactus eateries. The Madison Park neighborhood is said to be one of the best around Seattle, and if you’d like more information regarding this waterfront rental, please contact Ewing and Clark.