Joe

Helping you buy, sell, or invest in Snohomish & Skagit Counties. REALTOR®, PSA, SRES®, SFR®, MRP | eXp Realty.

[Rick Palacios Jr. @RickPalaciosJr]

Still more work to be done on the homebuilder front, but seeing some light at the end of the tunnel in reducing unsold inventory, namely D.R. Horton $DHI.

Falling spec supply continued through May, according to homebuilders we survey across the country.

[Joe @JoeFrankRealtor]

Online home search portals are great for finding homes, but not necessarily for finding the best agent or lender. BUYERS - spend at least as much time interviewing 2-3 agents and lenders as you do researching homes. It could save you thousands & lead to a much better experience!

[Joe @JoeFrankRealtor]

Hope everyone is enjoying the long weekend!
Today's a great reminder to take a moment to remember and honor the men and women who gave their lives serving our country. Their courage and ultimate sacrifice give us the freedoms we enjoy every day. Forever grateful.

[Joe @JoeFrankRealtor]

Seattle’s housing market is recalibrating, not crashing. Inventory is rising and price cuts are increasing, but updated homes in prime neighborhoods are still moving quickly. #SeattleRealEstate #HousingMarket

[Joe @JoeFrankRealtor]

If mortgage rates ease later this year, expect competition to ramp up FAST in many WA markets. Today’s buyers may have more leverage than they realize. #HomeBuyers #MortgageRates #WashingtonRealEstate

[Joe @JoeFrankRealtor]

Condos & new construction are becoming some of the best negotiation opportunities in WA. Builders are increasingly offering rate buydowns, credits, and incentives. #NewConstruction #SeattleCondos #RealEstateTips

[Joe @JoeFrankRealtor]

Biggest shift in Washington real estate right now: The market is no longer “name your price” territory for sellers. Buyers have more leverage, more options, and more negotiating power again. #WashingtonRealEstate #HousingNews

[Joe @JoeFrankRealtor]

Bellevue, Kirkland, Redmond & Sammamish remain some of the toughest buyer markets in WA. Even with more inventory, strong tech demand and limited land continue supporting prices. #BellevueWA #Eastside #HousingMarket

[Joe @JoeFrankRealtor]

Everett & north Snohomish County are quietly becoming balanced markets.
More listings + less frenzy = opportunities for buyers who were priced out the past few years. #EverettWA #SnohomishCounty #RealEstate

[Joe @JoeFrankRealtor]

Latest podcast just dropped about elevated & sticky mortgage rates and how they're tied to the 10-year Treasury yield + risk factor (war, inflation, etc) vs the Fed’s short-term rate / adjustments.
https://t.co/WKUv2Bi9nY
This is an AI generated podcast base off our blog article.

[Joe @JoeFrankRealtor]

Tacoma is becoming one of WA’s best “value” markets. Still close to Seattle, but with lower prices, improving inventory, and more negotiating power for buyers than we’ve seen in years. #Tacoma #WashingtonRealEstate #Housing

[Joe @JoeFrankRealtor]

Spokane may be the best buyer opportunity in WA right now 👀
More inventory, fewer bidding wars, and better affordability than western WA markets. Buyers finally have time to think before offering. #Spokane #RealEstate #HousingMarket

[Joe @JoeFrankRealtor]

Long-term housing shortages still support WA home values. Even with today’s slower market, strong job growth and limited supply continue supporting long-term demand. #HousingMarket #WashingtonState #RealEstate

[Joe @JoeFrankRealtor]

Despite affordability challenges, U.S. home prices are still climbing in many markets. NAR says median prices continue hitting record highs, even while buyers face higher payments and slower sales activity. Supply remains the long-term issue. #HomePrices #HousingNews

[Joe @JoeFrankRealtor]

Watch the 10-year Treasury yield 👀 It continues driving mortgage rate volatility more than Fed headlines alone. Geopolitical tensions, inflation fears, and bond market swings are now heavily influencing borrowing costs for homebuyers. #MortgageRates #BondMarket #RealEstate

[Joe @JoeFrankRealtor]

Mortgage rates just hit 6.75%. Monitor them nearly realtime: https://t.co/baCunTXaVZ

[Arpit Gupta @arpitrage]

Mortgage rates hit 6.75%, but this primarily reflects increases in Treasury

The mortgage spread above Treasuries is actually relatively low, 200 bps, notably about 100 bps lower than when the 10-year was at a comparable level in 2023-2024

Reflecting F/F purchases I think

[Joe @JoeFrankRealtor]

Mortgage rates aren’t just about the Fed. The 10-year Treasury yield, inflation & global uncertainty all matter. Here’s what it means for buyers & sellers: https://t.co/9Z5zixkq84

#MortgageRates #HousingMarket #RealEstate #HomeSellers #InterestRates #SnohomishCounty #KingCounty

[Rick Palacios Jr. @RickPalaciosJr]

Homebuilders we survey came into 2026 expecting 7% growth in single-family starts for the year. We asked them again in May, and they’re now planning for just 2% growth, which we think is still too optimistic.

[Joe @JoeFrankRealtor]

Snohomish County’s April 2026 housing market is still active, but buyers have more choices & sellers have more competition. In this pod episode, we break down prices, inventory, listings, and what it may mean moving forward.
Listen on Spotify: https://t.co/E8OHHjuayG

[Joe @JoeFrankRealtor]

Happy Mother’s Day to all the incredible moms, grandmas, and mother figures out there! Thank you for your love, strength, patience, and all the little & big things you do each and every day. You are appreciated more than words can say - enjoy your day - you deserve it!