Mondays with Matthew: Mortgage Forbearance Update
On this week’s episode of “Mondays with Matthew”, Matthew Gardner provides an update on the mortgage forbearance program and what type of effect we can expect it to have on the US housing market.
Matthew Gardner’s Weekly housing talk.
Twelve weeks into the COVID-19 pandemic and we are certainly seeing the impact it has had on the housing market. Today’s episode of “Mondays with Matthew” covers home prices now, and what to expect for the rest of 2020.
This week on “Mondays with Matthew”: Now that things have settled down somewhat following the initial impact of COVID-19, Matthew dives into the topic of mortgage rates. Will they go below 3%? Matthew discusses this and the factors that have formed his updated 2020 and 2021 mortgage rate forecast.
This is a relevant post from Windermere, during this time.
Image Source: Canva
Thanks to COVID-19, the new reality is that many open houses and home tours are being conducted virtually. For prospective home buyers, this new territory brings an added element to prepare for in the home buying process. Some of the questions that should be asked in a virtual home tour parallel those of in-person tours, but others are unique to today’s virtual world.
Could you zoom in?
- Sometimes it can be difficult to get a true glimpse at what you want to see in a room. Asking the agent to zoom in on specific features is commonplace in virtual home tours, and they understand this is part of the viewer experience. Don’t hesitate to ask multiple times. Getting a better look at everything you want to see will help you feel like you’ve gotten the most out of your virtual tour.
How many square feet are in this room?
- Virtual tours can slightly distort space, making it tough to gauge the size. The room-to-room square footage is information the agent is sure to have handy. Since you can’t be there in person, it will help you piece together the virtual visuals with the sense of physical space that we’re all accustomed to feeling in the places we live.
What color is that?
- In the smartphone era, and computer era at large, we have come to understand that digital representations of color are not always true to the eye. Ask the agent to confirm specific colors so you can plan accordingly. Have a color swatch on hand or look the colors up online as you go through the tour.
When were the appliances last updated?
- The importance of this question rings true in past, present, and future. Knowing the state of the home’s appliances, and the likelihood and timing of when they will need replacement, is vital information for both assessing the move-in readiness of the home and understanding what costs might lie ahead.
Has the seller provided an inspection?
- This is another example of a critical question, whether your home tour is virtual or physical. If the seller has already done an inspection, ask the agent to lead you to any areas of concern based on the inspector’s findings. If there is anything that has not yet been addressed by the seller, have your agent ask what their plan is for making the necessary repairs/updates.
When is the offer review date?
- Understanding the seller’s timeline for reviewing and accepting offers will help guide your decision-making process and allow you to strategize based on the timeline.
Whether your home tour is physical or virtual, getting the information you need to make an informed decision remains paramount. Although there is no substitute for physically being in the home you are looking to buy, keeping these questions in mind will position you well as you progress through the home buying journey.
I hope you've all had a chance to get outside and enjoy some of our awe-inspiring sunny summer days. Our family is looking forward to our now annual National Park road trip. This year we’re exploring Northern California and Southern Oregon parks. Call me if you need any tips on road trips with four kids or if you’d like my bias opinion on the value of our National Park system. We’ll be on our twelfth park in three years after this trip.
Further down on this post find my tried and true recipe for a fresh fruit crisp, over the years I’ve had a number of friends and family ask me for the recipe.
Also the market numbers that were available when I created my summer report ran through the end of May, June Numbers are just out. Here’s an update
To update you on the current trends in the market based on June numbers:
· Inventory is growing but not on pace to meet continued strong demand, which translates into continued price appreciation.
On the Eastside
· Inventory grew by 11% in June, but is still 21% lower than a year ago.
· Pending sales this month are the highest in June since June of 2005.
· Inventory grew by 9% in the last month, but is still 15% lower than a year ago.
· Pending sales this month are the highest in June since June 2007.
Fresh Fruit Crisp a Summer Treat
The origins for this recipe came out of a Calphalon Weeknights cookbook I received as a part of a wedding present, since then I’ve altered it a little to make it my own. I’ve used this recipe over the years on various fruit combinations, but my favorite is a combination of apple and blueberry. The added bonus for this recipe is the relatively healthy choice of ingredients.
5 Apples, various varieties – Peeled, cored and cut into wedges, ¼ inch think.
1 ½ – 2 Cups Blueberries
1 ½ Tbs Flour
1/3 cup Sugar
1 ½ tsp Ground Cinnamon
2/3 cup rolled oats
1/3 cup flour
½ cup brown sugar
½ cup chopped pecans
3 Tbs soft to melted butter
Mix the ingredients for the fruit layer and place in a 9 x 13 casserole dish. Mix crumble ingredients together and place evenly on top of fruit. Bake at 400 for about 30-40 minutes.
Welcom e to my blog, where I will be keeping my readers current with news about the housing market, and occasionally indulge in bits of fun information on recipes, gardening, and tips for around your house.
Although I was born in Seattle, my parents are from Goa, India and Sri Lanka. Needless to say my childhood meals were full of amazing coconut curries and spicy seafood dishes. The following recipe is for a simple Sri Lankan Curry which is called Kiri Hodi “White Curry.” Although Kiri, refers to “white” or “milk” this curry is actually light yellow from the turmeric which is used in the recipe. As indicated in my spring residential report, turmeric is a spice found in numerous South Asian dishes.
This curry is especially good served with rice and a fried or baked, fish or chicken. Don’t be thrown off by the number of ingredients, all of which can be purchased in an Asian or Indian grocery store, this is an extremely easy curry to prepare.
1 – 2 potatoes (firm but fully cooked, I boil them until just under mashed potato stage), peeled, & cut each potato into 4-6 pieces
1 small onion (1/2 cup) – medium sliced
2 garlic cloves chopped
1/2 Jalapeno or 1 Thai Chili, remove the seeds if you don’t want as much heat
1 inch Lemongrass
3-4 curry leaves (important ingredient)
Seeds from 2 cardomom pods, crushed
1/4 teaspoon turmeric
3/4 teaspoon coriander
1 inch piece of cinnamon
1/4 – 1/2 teaspoon cumin powder
1/4 teaspoon red chili powder (cayenne
) Fenugreek seeds 1/4 – 1/2 teaspoon ( about 8 seeds)
1 teaspoon salt
Coconut Milk – 1/2 can, & 1/2 can water (Shake the coconut milk can first before opening,
I freeze the other half of the coconut milk to use another day)
Put all the ingredients with the exception of the cooked potatoes and lime in a medium sized sauce pan. Over medium heat, bring the ingredients to a boil. Add potatoes, bring to a second boil, and turn off the heat. Add small squeeze of lime juice. Done! Serve over rice, I like to use Jasmin Rice. For more protein use hard boiled eggs cut in half, instead of potatoes. Enjoy!