Housing Market 2017

housing-2017

These 3 trends will shape the housing market in 2017

1. Rates: In December, the Federal Reserve raised interest rates for only the second time since 2006, and a majority of the members of the Fed’s rate-setting board predict there will be three more increases coming in 2017.

2. More Credit: Though mortgage rates may fall, mortgage credit will likely be more widely available due to slightly looser lending standards. The Federal Housing Administration will likely lower fees it charges first-time homebuyers. In addition, starting in 2017, government-owned mortgage companies will begin backing large mortgages for the first time in over a decade, making it easier for buyers in expensive markets to finance their purchases.

3. More New Homes: The overall trend in home construction is clearly positive, with the average annual rate of new groundbreakings reaching a 1.163 million rate so far in 2016, up about 5% from 1.108 million in 2015. Expect this to continue in 2017, as home buyers are encouraged by higher wages, looser credit, and increased demand from buyers.

According to 2016 data from the Northwest Washington Multiple Listing Service the average listing price for a 3 bedroom home in Lynden was $317,3999. The average sold price for a 3 bedroom home in Lynden was $310,954 and the the average square footage: 1,835.

So will you be jumping into the 2017 marketing market? The mortgage rates are still low and if you have strong credit we encourage you to take the plunge. Really, any day is a good day to invest in real estate. Call our office and talk to a licensed and experienced, Realtor®, whether it be purchasing real estate or selling real estate. We have an onsite mortgage consultant, Casey Porter, Caliber Home Loans who would gladly answer your mortgage inquiries.

fortune.com/2016/real-estate-trends

Jansen Art Center

The Jansen Art Center has a number of interesting classes to join all year round. The studio workspaces are located on the lower level with the largest being the Ceramics studio opening to an outdoor patio. The studio contains electric kilns and a gas kiln. You can learn to paint silk, weave, make jewelry and paint. There are two large dance studios with sprung wood floors. The Northwest Ballet Academy offers classes in balley, modern and lyrical dance. Yoga and violin and guitar lessons are also available. Browse some of the classes right here: Jansen Art Center Classes
Jerry Blankers, our Managing Broker & Realtor® recently rented the Chamber Hall for his holiday party. The room was beautiful with the natural lighting and hardwood floors. The Jansen Art Center was very accommodating with buffet tables and chairs and helping us set up sound. Here are a few pictures from Jerry’s event that was held in the Chamber Hall:
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We would highly recommend renting a room from the Jansen Art Center for an event that you may be hosting. Contact Margaret @ 360.354.3600 and ask for Rentals & Events.
The Center also has an impressive art exhibit that rotates. Some of the artworks are available for purchase whether it be a water color, oil painting, pottery or jewelry. Right now they have a fundraiser for the ceramics studio. Buy one of the designated bowls or mugs and enjoy free chili, hot chocolate or coffee from the Firehall Cafe. The café is open Tuesday – Saturday. It is located inside the Jansen Art Center and takes part in the mission for artists to create, teach, share and engage the community if the arts. Lindsy Saldivar is the café manager and she has developed an innovative approach to dining that you don’t find anywhere else on Front Street. Each recipe is made with fresh ingredients and homemade sauces. The Café has weekly events with free live music, café coloring, happy hour and so much more!
Interested in going to an event visit their site to purchase tickets for live music performances or for their upcoming New Year’s Eve Bash!

Lynden Highlights

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It’s beginning to look a lot like Christmas in Lynden. Lynden’s 26th annual Lighted Christmas Parade was on December 3. It was a beautiful site watching the colorful lighted parade of trucks, tractors and floats roll by. Edaleen Dairy was the title sponsor for the event. The sidewalks on Front Street were packed with parade spectators. The Realtors® at our office ladled up home made complimentary cups of hot soup during the parade. We were serving seafood chowder, taco soup, broccoli cheddar soup, meatball soup, salmon corn chowder, chicken noodle & more! If you missed out on our soup night, please be sure to visit us next year as this has turned into an annual event. Just remember to come early as we run out of soup in just over an hour! We all enjoy something free and delicious, right!
The whole day was fun-filled with family activities. Sinterklaas, from The Netherlands, entertained children and adults during a breakfast at the Lynden Community Center. The Elf on the Shelf Scavenger Hunt was throughout town at participating businesses. The scavenger hunt draws a huge crowd and if your lucky enough to win the gifts are pretty spectacular. Lynden also has a tree lighting and community caroling. We hope you were able to participate in the festivities around town! If not this year we hope you can make it next year! Be sure to check out The Lynden Chamber of Commerce for year round events happening in Lynden, Washington.
For your latest real estate news and events around Whatcom County, visit and ‘like’
The Muljat Group North facebook page

Veteran’s Day

veterans-day-2016Today we thank and honor all those who served.

Kid’s Design An Ad Contest – Lynden Tribune Newspaper

We want to thank all the 5th grade kids from Isom Elementary that participated in the Design An Ad contest. We enjoyed all the entries that were designed specifically for our real estate office. The winner we chose was created by, Khushi. Congratulations Khushi!! We loved that you had our company logo, office contact information and the tag line……”Come to Muljat Group where we get your house sold in no time” design-an-ad-2016-winner43

City-Wide Trick-Or-Treating!

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Our office is participating in the City-Wide trick-or-treating event. We can’t wait to see all the children dressed up in their costumes on October 31st.
We will be handing out candy from 3:00-5:00 pm. Businesses that have orange balloons will be handing out treats!
Visit The Lynden Chamber of Commerce to find out more information on all upcoming community events!
Rita Rudner
Halloween was confusing. All my life my parents said, “Never take candy from strangers.” And then they dressed me up and said, “Go beg for it.” I didn’t know what to do! I’d knock on people’s doors and go, “Trick or treat.” “No thank you.”

Lynden Comes Alive With Music

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The 8th Annual Lynden Music Festival starts tomorrow, October 5 through 9. Thirty concerts will be performing at 17 different business venues in downtown, Lynden. A variety of musical concerts & musicians will be performing everything from Jazz, country, big band music & more.
Come celebrate Lynden and its musical heritage paying tribute to musicians who have greatly contributed to enriching the Lynden community with music.
A variety of music genres will be performing ~ don’t miss out on this lively festival of music.

For a complete list of performances, locations & times, please visit: Lynden Music Festival

Lynden – 2016 America’s Main Streets Contest Winner

Independent We Stand created a beautiful video showcasing Lynden! It pretty much sums it up why the City of Lynden won America’s Main Street competition this past July. New businesses have started up, the population is growing, and we have new schools being built. So much progress since the 2008 fire in Delft Square. Once you visit Lynden you will be drawn back! Our office is independently owned and has been located in Lynden since 1925. Our Realtors® would be happy to assist you in your property search today!
Bringing Lynden to you – watch the following video:

Your Home’s Fall Checklist

Today’s the first day of Fall! We hope you are enjoying this beautiful weather. Fall is the perfect time to spruce up your home. Try tackling this Checklist before the weather changes!
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Get your mind in the gutters. Inspect and clean gutters and downspouts.
Button up your overcoat. Seal gaps and cracks around windows and doors with weather-stripping and caulk.
Get on top of roof problems. Inspect your roof for damaged or curled shingles, corroded flashing, or leaky vents.
Walk the walks (and drive). Take steps to repair damaged sidewalks, driveways, and steps.
Chill out. Drain and winterize outdoor faucets and irrigation systems.
Freshen your filter. Clean or replace dirty furnace filters.
Give your furnace a physical. Have a professional inspect your heating system.
Gather round the hearth. Check fireplaces for soot or creosote build-up. Better yet, schedule a visit from a reputable chimney sweep.

Home Buyer Confidence on the Rise

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Home purchase sentiment reached an all-time survey high this summer, an indication that Americans are feeling more upbeat about the housing market, according to Fannie Mae.
Overall sentiments rose 3.3 points to a reading of 86.5. Each of the index’s six components including selling outlook and personal finances – also rose last month. One interesting potential bright note for housing in July survey is that younger households may finally be shifting toward buying rather than renting in greater numbers. Whether the shift in sentiment in July toward buying rather than renting on their next move holds up or is a temporary reaction to their view that rents are on the rise and mortgage rates will be lower, we will see.
Here are some findings from the latest survey:
* 33% of Americans say it’s a good time to buy a house, a 1 percentage increase over June.
* 20% of Americans say it’s a good time to sell a home, a 2 percentage point increase from June (a new survey high).
* 41% of Americans believe home prices will rise, an 8 percentage point increase from June.
* 36% of Americans believe mortgage rates will drop over the next year.
* 69% of Americans say they are not concerned with losing their job, a 1 percentage point increase from June.
* 11% of Americans say their household income is significantly higher than it was 12 months ago, a 3 percentage point increase from June’s sharp decline
Source: Fannie Mae