A New Year always brings new energy to the real estate market, and 2026 is already starting to show signs of growth, more movement, and a return to normalcy. After three years of slower sales due to higher interest rates, homeowners not wanting to give up their historically low interest rates, and prices remaining stable, 2026 is starting to produce some positive results in the Greater Seattle area real estate market. Some key factors that I have been tracking since the calendar flipped to 2026 that show predictive trends are the rate of:
New Listings
Pending Sales (Real-Time Accepted Contracts)
Cumulative Days on Market (CDOM)
Sales Prices to Original List Price Ratios
Months of Inventory (Is it a Seller’s, Balanced or Buyer’s Market?)
Interest Rates
Price Trajectory
One of the challenges we have faced over the last three years is a lack of inventory, with many would-be home sellers staying in their homes longer in order to hold onto their low rate and payment. This has led people to stay in homes that are not the best fit for their lifestyle, and this pent-up seller demand has started to break loose. As you can see from the chart above, New Listings are up in both King and Snohomish Counties year-over-year, especially this February. This shows that for some sellers, the time has come to focus on the right fit versus payment.
Additionally, another encouraging sign is an uptick in Pending Sales(Real-Time Accepted Contracts) year-over-year and most recently during the first two weeks of February compared to the same time last year. This illustrates that buyer demand is meeting the increase in new listings and that there is a ready and willing audience wanting more selection to choose from. When the increase in pending sales starts to pace and even outpace the rate of new listings, we know there is solid demand.
The most current data above for both King and Snohomish counties shows the Cumulative Days on Market (CDOM) for the current pending sales that were accepted since January 1, 2026; more than half quickly came off the market in two weeks or less! This is a stark difference from the CDOM for closed sales in January 2026, which most likely went pending (contract accepted) in late Q4 2025. The market is waking up to the New Year with vigor and excitement for well-prepared, appropriately priced homes.
The sales price to original list price ratios are also starting to improve, inching up to 98% in the first two weeks in February 2026 from 96% in January 2026. Home sellers that are aligning with a trusted advisor to help them prepare their home for market and stay close to the data for pricing are starting to see quicker, full-price sales, and in some cases, multiple offers with price escalations. It is important to note that property condition, cleanliness, expert staging and marketing, and realistic pricing all play a critical role in garnering optimal results.
This finds us currently (MTD February 2026) in a Seller’s Market based on pending sales (0-2 Months of Inventory) in both King and Snohomish counties after only being 45 days into 2026. We calculate Months of Inventory by dividing the number of pending sales by the number of available homes for sale to determine how quickly we’d run out of inventory if no new homes came to market based on pending sales demand. We have not been at this level since April 2025 and spent the remainder of 2025 in a balanced market, so this is a marked improvement.
Interest rates are almost an entire point lower than they were last year at this time, which affords a buyer 10% more in buying power or simply results in a lower payment at the same sales price. You can view the video from Jeff Tucker, Windermere’s Chief Economist, below on what has caused interest rates to decrease. Rates declining closer to 6% and teetering towards the high 5% will unleash more demand in the market as it makes homes more affordable, and with prices maintaining, the rate matters! I think this has also led more potential home sellers to come to market as the current rates are more palatable than when they were 1-2 points higher over the last three years.
This brings us to price trajectory. With eight months of 2025 being a balanced market, rates hovering in the 7% throughout last year, and many of the homes that closed in January 2026 going under contract in late 2025, January prices recorded at lower price levels. When you take the median price over the last 12 months and compare it to the previous 12 months (complete year-over-year), prices are flat and stable.
With early indicators such as pending sales, lower rates, and faster CDOM, I anticipate more historical price growth levels in 2026, between 3-5%. I certainly do not anticipate prices lowering. In fact, we have seen list prices soften, and more home sellers who are truly motivated come to market with realistic expectations and better market preparation. The new normal is taking shape.
This uptick in market activity and return to normalcy comes on the shoulders of extreme home equity growth since 2020 and over the last 10 years. The growth is staggering! The abundance of wealth that people have in their homes is beneficial to positioning a move that better fits their lifestyle, funding a remodel, helps plan for retirement, or even an out-of-state move as long at the payment works. The recent decrease in rate and long-term equity gains have supported these exciting moves.
If you or someone you know are curious about how the latest trends, long-term growth in the market, and current rates affect your ability to make a move, please reach out. I am committed to staying close to the real-time data, assisting with discerning the information, and applying it to my clients’ goals to help them navigate big life changes. It is my mission to help keep my clients informed, so they are empowered to make strong decisions. 2026 is already starting to provide some great opportunities, and if you’d like to learn more, let’s talk!
February Home Maintenance 🏡✨ With the cold weather keeping us inside, this is a prefect month to do indoor touch ups to your home. Whether aesthetic or mechanical, repairs and refinishing will help your home retain its value, plus save you the cost of services in the months where they may be in higher demand. ✅❄️
Posted on February 24, 2026 at 5:38 pm
Travis DeFries
|Posted inMonthly Newletter|
Last week, my office had the pleasure of hosting esteemed economist Matthew Gardner, who presented his Economic and Housing Market Forecast for 2026. He looked at the national and local (King & Snohomish counties) economies and housing markets and shared his insights. This included a look back at 2025 and a gathering of facts, trends, and indicators that will set the stage for influencing financial decisions in 2026, specifically surrounding housing.
US Economy
The combination of consumer confidence and consumer sentiment, inflation, and consumer spending gives us a good picture of where our economy is and where it is heading. Consumer confidence is a bit lower due to uncertainty surrounding the effect of tariffs, immigration, interest rates, and affordability. However, consumer sentiment has improved, and we are still seeing an increase in spending. Inflation has tempered from post-pandemic highs and has settled at 2.6% year-over-year for core inflation, which excludes food and energy. When you add that back in, it is up 2.7%. This is a vast improvement from the 6-9% rates we were seeing coming out of the pandemic years.
This has caused the Fed to continue to lower the Federal Funds Rate (short-term), which currently sits at 3.64%, and he anticipates further cuts in the late spring and possibly another later in the year, resulting in a rate closer to 3%. This is due to two conflicting figures: employment rates and inflation rates. Employment rates are slightly down, and inflation is slightly up; lowering the rate is intended to help stimulate spending to support economic growth.
The job market has softened due to employers being more cautious about creating more jobs and instead asking for more productivity out of their current employees. Layoffs slightly increased in 2025, but employee quits have decreased, resulting in a 4.3% unemployment rate and a 1% increase in job openings. The labor force (number of available workers) is not growing due to immigration, yet H2A and H2B visas are filling manual labor and hospitality jobs to keep business effectively running.
Tax cuts will also be felt in 2026, with more money being left in workers’ hands; whether they will save it or spend it remains to be seen. With all of this said, there is no sign of a recession, which is supported by a 2% increase in Gross Domestic Product (GDP). The definition of a recession is two consecutive quarters of negative GDP growth. We simply have not seen that, nor do we anticipate it, albeit we are overdue for a recession cycle based on historical trends.
Local Economy
The Greater Seattle employment picture varies from King County to Snohomish County. There were 16,100 fewer jobs in King County in 2025 year-over-year, and a 4.3% unemployment rate. In Snohomish County, there were 2,500 jobs added in 2025 and an unemployment rate of 4.5%. For 2026, he anticipates modest growth with 1% more jobs created in King County and Alaska Airlines’ recent large order at Boeing will stimulate job growth in the area, along with healthcare and education. Meta cut-backs could be counterbalanced by Amazon’s new expansion on the Eastside.
The Greater Seattle area is heavily populated with a smart, talented workforce that is starting to navigate the effects of AI technology replacing jobs. This is more prevalent at the entry-level, and for AI replacement to really take hold will require infrastructure growth on the power grid, which will take many years and a large financial investment. It is certainly something to be paying attention to, and remaining nimble and attractive to employers will be a key factor. Attracting companies to come to or remain in the area is paramount, and tax policy will heavily influence this.
Population growth in our area is tapering in King County and is up slightly in Snohomish County. Birth rates are down, in-state migration is slowing, but international migration remains strong. HB1 work visas create this positive movement, especially in the high-tech job sector.
Interest Rates
Interest rates are down year-over-year and have hovered in the low 6% range as of late, and he predicts they will gradually recede throughout 2026, outside of any big changes by the administration or increased activity with the bond market. The two factors that rates influence are affordability and the downward pressure they put on inventory.
74% of homeowners in our region have a mortgage rate at or below 5%, and 24% are at or below 3%. This has caused many homeowners who would like to move to stay where they are, as they do not want to give up their lower monthly payment. We call this the “lock-in effect,” which limits selection. This has helped maintain home values and caused prices to remain flat and not fall. However, he sees 2026 as the year that some will rip off the band-aid and choose to align their housing with life changes over the lower payment. If this is coupled with rates lowering, it could be a win-win for buyers and sellers alike.
Local Housing Market
In 2025, King and Snohomish counties saw fewer sales, higher rents, and stable prices. He anticipates a 5% increase in sales due to receding rates and some homeowners moving away from their lower rate to gain the home that best fits their current life needs. After a 120% increase in home prices over the last decade, he predicts prices to grow in 2026 by 2-3% year-over-year. This is below the 35-year historical average of 4-5%, shedding light on perspective after the massive ramp-up in prices during the pandemic.
A highlight of this trend is that many more home sellers are starting to price their homes closer to what the market will bear. It has taken some time for consumers to balance their expectations against the realities of a more normalized market. From the frontlines, I can attest that well-prepared and appropriately priced homes are moving more quickly and are even seeing multiple offers. The nuance, strategy, and staying close to the data matter. And of course, who you hire has become even more important to gain optimal results.
The condo market continues to see higher inventory levels and softening of prices. This is most affected by location, the health of the homeowners’ associations, and monthly dues. However, the number of new condo builds is receding, which will bolster well-managed resale condos. New builds for single-family homes have also been limited due to the WA State Urban Growth Areas (UGA) running out of available land for additional units. It is unlikely that those boundaries will expand anytime soon, which resulted in the middle housing zone changes created by HB 1110. The intent is to create more housing units, higher density, and more affordable housing.
Affordability is our biggest challenge as prices in our area are high, and rates are no longer historically low. It all boils down to the monthly payment and how that is supported by wages. In 2025, the average age of a first-time buyer was 40, illustrating the need to build income and savings. Liquidating stock accounts and generational gifting have been a solution for some buyers in our area. The affordability challenge does not seem to be vastly improving, so jumping on an opportunity to buy with increasing rents and moderate price growth should be paid close attention to. There is no bubble in sight, and rates will slowly fall, so playing with the cards currently available in the deck is key if you can.
If you would like a copy of Matthew’s slides or the link to his presentation, please shoot me an email, and I will get it to you. In the meantime, and throughout 2026, you can count on me to continue to share the latest data, trends, and frontline experiences. It is always my goal to educate and immerse myself in the market to provide my clients with the most up-to-date information to empower them to make strong financial decisions.
January Home Maintenance 🏡✨
Start the new year right by sprucing up your landscaping. This isn’t just for show – unwanted plants, pests and natural hazards can interfere with your home’s functionality. These tasks are easier and less expensive to complete in the colder months, and will ensure that your home is ready to look its best when the weather warms again.
Posted on January 30, 2026 at 10:33 pm
Travis DeFries
|Posted inMonthly Newletter|
As we head into the New Year and continue analyzing how to overcome affordability challenges in today’s market, I wanted to cover another important topic. In my last newsletter, we discussed house hacking strategies for first time buyers and the importance of remaining realistic about your budget and what to focus on in order to make a purchase to start building wealth and stop renting.
Another group that I’ve seen face affordability challenges are older adults whose homes no longer support their lifestyle or their current or future care needs. House hacking tips for multigenerational households is a growing trend that is worth shedding some light on. With prices remaining stable year-over-year and interest rates slowly receding, one needs to understand that values are maintaining, and creativity and strategy matter. One of the biggest conversations I’m having with clients lately—across all ages—is this: How do we stay housed, stay connected, continue to build wealth, and stay financially stable as costs keep rising?
For first-time buyers and move-up buyers, affordability can feel out of reach. For retirees on fixed incomes, housing and future care costs feel uncertain and incredibly expensive. For families, the increasing price of assisted living can be overwhelming—financially and emotionally. This isn’t just about real estate, it’s about how we take care of one another while staying financially resilient.
We were recently able to assist a first-time buyer family who was able to qualify for a mortgage with gift funds for the down payment from their parents. The monthly payments were intimidating to handle on their own with other monthly costs to consider, like childcare. Their parents were living in a retirement community that was costing a lot every month. They pooled their resources with the gift funds, the parents shifted out of the expensive retirement community, they shopped for a home with two separate levels plus room for a second kitchen, and a level entry to the daylight basement. The parents agreed to contribute to the monthly payments, which saved them substantially on their monthly overhead versus the retirement community. Now, both families are building wealth, no one is renting, and they are living comfortably and lovingly together.
There are solutions that help all ages obtain homeownership. One of the most powerful (and often overlooked) is multi-generational house hacking. This isn’t about cramming people together. It’s about thoughtful housing design and smart financing that allows families to live independently together, reduce monthly costs, and build long-term security. Here’s what that looks like in practice.
Independence First, Together by Design
The most successful multi-generational homes are designed with privacy and dignity in mind. This can include:
A home with an ADU (accessory dwelling unit)
A duplex or triplex where one unit is owner-occupied
A daylight basement or in-law suite with a separate entrance
Side-by-side living arrangements
A second kitchen, or kitchenette, or space to build one is a bonus
When each generation has their own space, kitchens, and entrances when possible, relationships stay healthier—and living together becomes sustainable.
Housing as Cost Sharing, Not Sacrifice
In these setups, pooling funds and co-buying, having one family member rent space or contribute to the monthly mortgage, are best viewed as shared housing costs, not profit. Even modest monthly contributions can help cover:
Mortgage payments
Property taxes and insurance
Utilities and maintenance
For retirees on fixed incomes, this can dramatically reduce financial pressure. For younger buyers, it can be the difference between qualifying for a home or staying on the sidelines.
Buy a Home That Can Grow with You
Some of the best multi-generational homes aren’t perfect on day one—but they have potential:
Unfinished basements
Bonus rooms
Garages that could later be converted to living space
Second kitchens or space that allows for one in the future
Lot space to build a DADU (Detached Accessory Dwelling Unit)
This allows families to start simple and adapt over time, rather than overpaying upfront or moving again later.
Aging in Place Is Cheaper, and Kinder
Small design choices can make a home work for decades:
Main-level bedroom and bathroom
Walk-in showers
Minimal stairs
Wider doorways and hallways
These features cost far less than assisted living and allow people to remain independent, familiar, and connected to family.
Clear Agreements Protect Relationships
Even when it’s family, clarity matters. I always encourage:
Simple written agreements
Clear expectations around costs, timelines, and exits
Respectful conversations before emotions get involved
Structure doesn’t reduce love; it protects it.
Privacy and Sound Matter More Than You Think
Noise is the number one reason multi-generational living breaks down. Small investments like:
Solid-core doors
Extra insulation
Separate heating zones
can make a huge difference in daily comfort and long-term success.
Care Without “Institutional Living”
Multi-generational homes can provide:
Daily check-ins without constant supervision
Space for a future caregiver if needed
Support without stripping autonomy
This preserves dignity and avoids the emotional and financial toll of institutional care whenever possible.
Always Stress-Test the Numbers
Before buying, it’s important to ask:
Can one unit cover 30–50% of housing costs?
If someone moves out, is the home still affordable, or could it be rented to someone else?
Could the property work as a single-family home regardless?
Flexibility is what keeps a good plan from becoming a burden.
If you’re thinking about buying your first home, moving up to a larger home from your first home, helping aging parents, need a gentler floorplan, planning for retirement, or simply exploring options, I’m always happy to talk through what’s possible. Housing should build wealth and support life—not limit it. Please reach out if you’d like to discuss viable options for your family’s housing, wealth-building, and sustainability.
Posted on January 14, 2026 at 12:58 am
Travis DeFries
|Posted inMonthly Newletter|
While we are seeing the market show signs of improvement and uptick in activity in Q4 2025, the biggest challenge we see in the real estate market is affordability. Prices in our area have remained stable after many years of appreciation, and interest rates, while improving, are hovering around 6.25%. This combination has monthly payments expensive, especially for first-time buyers and buyers on fixed incomes, such as retirees, seniors, or people looking to retire and fix their overhead.
In fact, the latest Profile of Homes Buyers and Sellers by the National Association of Realtor (NAR) shows that the rate of first-time buyers is at an all-time low, accounting for only 21% of all buyers. The median age for this group increased to age 40, the highest ever. This illustrates that affordability is putting pressure on this group and delaying their start to building long-term household wealth. The average net worth of a renter versus a homeowner is staggering, so this is an important obstacle to overcome for those who have the resources but find themselves on the bubble of this decision.
I have helped buyers overcome affordability challenges by applying some creative house hacking strategies. These are powerful tools, as they can empower a person to become a homeowner instead of renting, putting them on the path to building household wealth much faster. Plus, Greater Seattle Area rents are costly, so if one can find a way to pay their own mortgage instead of their landlord’s, they will start to build a nest egg of security for their own future.
A common myth we see is that buyers think they need 20% down to buy a home. That is simply not true, according to NAR, the average down payment for a first-time buyer was 10%. While a 20% down payment can eliminate mortgage insurance, there are loan programs such as FHA and some Conventional programs that only require 3-5% down. There are also down payment assistance programs that are available that result in 0% down, and VA financing can be as low as 0% as well.
Speaking of down payments, I see buyers diversify by utilizing or borrowing against stocks and/or 401K funds, and the NAR survey revealed 26% of first-time buyers used these types of funds to achieve their homeownership goals. It is also not uncommon for some fortunate buyers to receive gift funds in order to achieve homeownership, and the NAR survey showed 22% of first-time buyers were able to utilize this route. With the big picture of building household wealth in mind and the fact that everyone needs a roof over their head, having your home be a part of your investment portfolio makes sense.
House Hacking Tips for First-Time Buyers
The “Live in One, Rent the Rest” Starter Play Shop 2–4 unit properties (duplex/triplex/fourplex). When you buy a multi-unit property and live in one unit, you get to enjoy owner-occupied financing rates. You can live in one of the units and rent the other(s) to help offset your mortgage payment. This could even allow for a lower down payment. It is important to calculate your potential monthly payment and assess rental rates in the area to figure out how having a renter(s) would help offset your monthly overhead. Also, consider if you had a vacancy, could you still make it work while you tried to fill it.
If the numbers work for your monthly cash flow, this is an excellent way to obtain homeownership. Down the road, you are building equity while someone else helps pay down your mortgage. Further, if you wanted to eventually move on to another property, you could sell this and reap the equity for a larger down payment or keep the property (at the owner-occupied financing rate) and rent all the units.
ADU Options Seattle allows up to two ADUs per lot, and no owner-occupancy requirement (you don’t have to live there forever to keep it legal). Parking requirements are relaxed, too. Outside of Seattle these zoning requirements vary, but this is a rising trend.
You could buy a home with an existing ADU (detached cottage, basement unit, garage studio). Or buy an “ADU-ready”: daylight basement + exterior door, or garage with alley access. Start by renting a room or partial suite now, then add/finish an ADU later when cash allows.
Rent-by-the-Room to Offset Overhead One roommate can take the edge off your payment; two roommates can be a full-on subsidy. When shopping for a home, prioritize layouts that naturally separate space (split-levels, basements, mother-in-law setups). I’ve seen some buyers already know who their roommate will be, so they can shop with confidence and also be comfortable with their living situation.
Purchase with a Trusted Partner with Similar Housing Goals.
Pooling funds for a down payment and sharing the monthly overhead is a great way to obtain homeownership with a trusted partner. This could be a close friend, family member, or domestic partner. You would ideally need to commit to at least 3-5 years of sharing the mortgage to build equity and avoid selling too early, and having a written agreement outlining the exit strategy is key. Based on average annual appreciation rates, 3-5 years would offset any selling costs and provide equity growth outside of something catastrophic happening in the market. This is a great way to protect your savings, build wealth as a team, and not throw money away on rent.
I knew two young women who pooled their savings to buy a home, and they also placed a roommate in a basement bedroom to help offset the mortgage. They later sold that house when they both got engaged and were able to buy great long-term homes with their partners using the equity they built. This partnered approach on their first home put them on the path to stability, security, and flexibility for their futures.
Buy a Cosmetic Fixer
Many buyers prefer homes that are “done” and fully updated. Those homes often come at a premium because they have a larger buyer audience. If you are willing to live with dated finishes or an unfinished space, you have the opportunity to build sweat equity with improvements you can make down the road when you can afford to.
It is important that you look for a home that’s structurally sound, as those can be expensive items to remedy, such as electrical, plumbing, roof, etc. Hiring a trusted inspector to perform proper due diligence is an important step. A dated kitchen or bathroom is a livable situation, and these homes build equity over time, too. If a home has an unfinished basement, there is an amazing opportunity to finish that space in the future and gain a higher value. Plus, you could rent this finished space to help offset the expense.
Buy a Fixer There are renovation loans available, such as an FHA 203(k), that can be used to do more extensive repairs, additions, and updates. These loans provide funds to make improvements after closing. They are very detailed loan programs that require further scrutiny on value through appraisal and contractor bids, but can be successful in bringing a broken-down home to a livable structure and on the path to building equity. You have to be hearty and resourceful for these projects, so heed caution when considering this option. I have a great list of vendors and contractors that can help.
Most importantly, you must consider the Triangle of Buyer Clarity when shopping. Whether you are house hacking or just buying your first home without any of these creative solutions, being realistic about what you can afford is paramount. The relationship between location, price, and features/condition matters! Buyers must be flexible with their wants and understand that in reality, they typically get 70-75% of what’s on their wish list. Such as buying a townhome instead of a single-family home, settling on a location a little further away, or choosing a home that is not perfectly updated. However, they get a house and an opportunity to build wealth! This wealth-building game is a step-by-step process with every home a stepping stone over time.
As you can see, this triangle is not a perfectly balanced triangle, some sides are adjusted more than others. A buyer may have to reduce the number of features they would like in order to obtain the price and/or location they desire. This gets them on the path of equity growth, though, so compromise and flexibility are key! You need to get clear on your goals and adjust the triangle to make it work.
In my next newsletter, I will touch on house-hacking tips for multi-generational households. This can be helpful for first-time buyers as well as retirees who are on fixed incomes. This helps families stay together and avoid the high cost of assisted living. In the meantime, if you are curious about how these house hacking tips can help you or someone you know, or you’re just curious about the market, please reach out. It is always my goal to help keep you informed in order to empower strong decisions.
Posted on December 18, 2025 at 12:58 am
Travis DeFries
|Posted inMonthly Newletter|
The recently announced proposal of implementing a 50-year mortgage product had tongues wagging last week. There were countless articles, posts and news stories that jumped on the story. There was lots of debate about whether this type of product would be a smart choice in the long term, even though it provides a lower monthly payment. It is not a mystery that the biggest challenge in the real estate market is affordability, and that finding a way to lower monthly payments could help.
Bear in mind that this is speculative at this point, and would require policy changes that would take a year or more to complete if it is decided that this product will be brought forward. And of course, a trusted mortgage professional will provide the best insights; I have a curated list if you would like one. However, I thought it was important to discuss this as it relates to the affordability challenges we are facing in today’s real estate market. In addition, I see it as an opportunity to provide alternative solutions and highlight the benefits of homeownership. So here goes.
The median price for a single-family residential home in King County has increased by 39% since October 2020 and by 20% for condos. In Snohomish County, the median price for a single-family residential home has increased by 33% since October 2020 and by 42% for condos. This, coupled with higher interest rates, has caused monthly payments to jump up, sidelining some buyers.
For example, the median home price for a single-family residential home in Snohomish County in October 2020 was $570,000, and the interest rate for a 30-year fixed conventional loan was 3%, equaling a monthly principal and interest (P & I) payment of $1,922.51 based on a 20% down payment. Currently, the median home price in Snohomish County for a single-family residential home in October 2025 was $755,000, and the current rate for a 30-year fixed conventional loan is 6.25%, equaling a monthly P & I payment of $3,718.93 based on a 20% down payment. This comparison illustrates that monthly P & I payments have increased by 93% since 2020, almost double.
The good news is rates are down 1.66% from the 7.91% peak in October 2023 and down .75% from 7% since May of this year. That, along with decelerated price appreciation, has improved affordability, making now a better time than we have seen in the last two years to buy. The biggest obstacle is putting the historically low rates of the past that are not likely to return in the rearview mirror, and find other solutions to make a purchase. Perspective is key.
The 3-4% climb in rates since the pandemic heyday did not accompany a spiral in home prices. While median home prices peaked in mid-2022 as rates reached 5.5%, prices did correct but then moderated and stabilized. Year-to-date in 2025, prices have been unusually flat year-over-year in Snohomish County and up 1.4% in King County. It appears that home prices are holding and that any decrease in interest rate will only help maintain values and likely cause them to increase.
In fact, over long historical periods, many sources cite about 3% to 5% per year average appreciation nationwide. One estimate puts a long-term average appreciation at about 4.27% per year (1967-2024) nationally. More recently, over the past 5–10 years, some data shows average annual growth closer to 7%-9% due to especially strong market gains.
So, how would a 50-year mortgage help? Adding 20 more years of term to a loan will naturally lower the payment, but it increases interest payments and equity grows slower. Let’s use this example to help understand how it all pans out.
Let’s take a $750,000 home, with a 10% down payment and a conservative annual appreciation rate of 3%. Then apply an interest rate for a 30-year fixed at 6.25% and for a 50-year fixed at 6.5%. It is important to note that a longer mortgage term typically requires a higher interest rate. The 30-year product will result in a monthly P & I payment of $4,156, and the 50-year product will result in a monthly P & I payment of $3,805, a savings of $351 per month.
While lowering the monthly payment can be helpful to qualify for a higher loan amount and/or reduce monthly overhead, a borrower needs to consider their wealth-building strategy. In the first 10 years of the loan on a 30-year term, the borrower will pay $392,336 in interest and pay off $106,396 in principal; a total of $498,732 paid. On a 50-year term, the borrower will pay $431,546 in interest and pay off only $25,064 in principal; a total of $456,610.
Based on 3% annual price appreciation over those 10 years, the home’s value would be $1,008,000. The 30-year term borrower would have $439,396 in equity, and the 50-year term borrower would have $358,064 in equity, a $81,332 difference. Both options build more wealth vs. renting, which highlights the benefits of homeownership as one of the most powerful wealth building tools.
So, who should consider this option and who should not? And when I say consider, it doesn’t mean recommend – it means knowing your options. If this option were to show up in the future, most borrowers will review all their choices and then decide which product best suits their goals. Note, for many, waiting to qualify for a 30-year term may be a better choice given their circumstances and long-term plans.
Things to Consider With a 50-Year Mortgage
It can create a different balance between affordability and long-term cost. Here are some points to think about when deciding whether it might fit your situation:
Monthly Payment Flexibility
A longer loan term can reduce monthly payments, which may make a home feel more manageable from a month-to-month budget perspective. This can be helpful for buyers who want or need lower payments early on.
High-Cost Markets
In very expensive areas, stretching the term may make purchasing a home more attainable. It can be one way to navigate markets where prices rise faster than incomes.
Cash Flow Priorities
Some buyers prefer to keep monthly costs as low as possible so they can direct money toward:
Investments
Savings
Renovations
Other financial goals
A 50-year mortgage may support that flexibility.
Long-Term Plans for the Home
If you expect to stay in the home for a long time, the slower pace of equity building may feel acceptable in exchange for a lower monthly obligation.
Age & Income Trajectory
Younger buyers with many decades of earning ahead—or buyers anticipating future income growth—may feel comfortable taking on a longer-term loan with the idea of refinancing, selling, or paying extra over time. Although if you are able to pay extra, a 30-year loan makes more sense.
Other Factors to Keep in Mind
While there can be advantages, there are also trade-offs worth weighing:
Total interest costs will be significantly higher over the life of the loan.
Equity builds more slowly, which may matter if you plan to sell or refinance soon.
It may not fit well for buyers nearing retirement or those who want a rapid payoff timeline.
A 50-year mortgage can be one tool to improve affordability or cash flow, but it’s helpful to consider how the lower monthly payments align with your long-term financial goals, timeline, and comfort with the slower accumulation of equity.
Other options that can improve buyer affordability besides a 50-year term include some house hacking tricks. And the good news is these can be used now, given that the 50-year term is only a speculative, albeit one that got a lot of attention.
Some house hacking tricks that can help offset monthly payments include: buying a duplex or a triplex and living in one of the units and renting the other(s); buying with the plan to have a roommate(s) who will pay rent and offset your monthly payment; or buying with a trusted partner and sharing the monthly payment while you build equity together. In my next newsletter, during the week of Dec 8th, I will expand on these house hacking options, plus some others, and share some success stories.
Until then, the most important thing to understand is that owning real estate builds wealth faster than renting, but how long you plan to stay in the house and your loan term matters for the long-term equity picture. That is why it is important to consult with a trusted real estate professional and a skilled lender to help you organize and execute a winning, solvent plan.
As always, it is my goal to help educate and shed light on all of your options, so you are empowered to make strong decisions. If you or someone you know is curious about how today’s market trends align with your housing goals, please reach out.
November Home Maintenance 🏡✨
Prevent health and safety risks during cold months by updating the life-saving devices in your home with fresh batteries, evaluating the efficiency of your central heating system, and ensuring your plumbing is prepared for potential freezes as well as clear of blockages or leaks.
Cozy Kitchen: Creamy Chicken and Wild Rice Casserole Recipe
Looking for a cozy, crowd-pleasing dish to brighten up your week? This Chicken & Wild Rice Casserole is pure comfort—creamy, hearty, and perfect for chilly evenings or easy leftover lunches. It’s simple to prep, great for sharing, and guaranteed to bring a little homemade happiness to your table. Enjoy!
Ingredients:
2 cups cooked chicken (shredded)
1 cup wild rice blend (cooked)
1 can cream of mushroom soup
1 cup sour cream
1 cup shredded cheddar cheese
1 small onion (chopped)
1 cup mushrooms (sliced)
Salt & pepper to taste
Instructions:
Preheat oven to 350°F (175°C)
Sauté onions & mushrooms until soft.
Mix everything in a bowl, then pour into a greased dish.
Bake 35–40 minutes until golden and bubbly.
Garnish with parsley and serve warm.
Posted on November 24, 2025 at 11:08 pm
Travis DeFries
|Posted inMonthly Newletter|
As we round out 2025, I wanted to share some aspects of the current real estate market worth celebrating: equity and inventory! Below, you will see a 10-year equity study for Snohomish and King Counties, based on Single-Family Residential and Condos, along with a current assessment of inventory levels and their effects on the climate of the market. I felt it was important to bring you this information, whether you are a homeowner, renter, or if you are considering a move in the future. The market is finding balance, rates are gradually falling, and home values are maintaining.
Home equity is incredibly strong in our region and is the backbone of household wealth for many. This nest egg provides financial security, can be a vehicle to create a move to a home that is a better fit for your lifestyle, or provide the funds to do a home remodel. The long-term hold investment in real estate continues to be a bright light economically.
Inventory levels have increased over the last two years and we are experiencing balance in the market which is providing opportunities for buyers to strike with less rush and frenzy. This has been especially beneficial for those who need to sell their homes in order to make a purchase. We’ve started to see an uptick in contingent sales and bridge loans to make a move smoother and more attainable. First-time homebuyers are also seizing the opportunity to lock in a lower interest rate and the affordability of stabilizing prices. Rates have decreased by nearly 1 point since May 2025.
The image below from FHFA shows the long-term price growth (since 1991) in our state and metropolitan area. The figures are impressive at 480% in the state of Washington! I’d be happy to perform a custom equity study for you beyond the county information above and national figures below that is specific to your home’s specific features and today’s market trends.
Whether you own your home already or are considering building wealth through homeownership, I would love to help you analyze how equity growth and inventory levels could benefit your real estate goals. It’s always my goal to help keep you informed to empower strong financial decisions that augment your quality of life! Please reach out if you want to learn more.
🌶️ Cozy Kitchen: Tortilla Soup with Chicken & Avocado
Add a little Southwest flair to your fall table with this flavorful, comforting soup. Packed with tender chicken, fresh avocado, and a hint of spice, it’s a delicious way to warm up any evening.
Ingredients:
½ cup plus 2 TBSP vegetable oil
1 yellow onion
2 cloves garlic
¼ cup plus 2 tsp chopped fresh cilantro
1 cup drained canned plum tomatoes
½ tsp ground cumin
4 cups chicken stock
1 skinless, boneless whole chicken breast (about ½ lb) cut into bite-sized pieces
Salt & pepper
4 corn tortillas, preferably stale & dry
1 dried chile such as ancho, seeded
1 avocado, pitted, peeled, & diced
¼ cup shredded Monterey jack cheese
2 tsp fresh lime juice
Instructions:
In a frying pan over medium heat, warm 1 TBSP of the oil. Add the onion, garlic, and the 2 tsp cilantro and sauté just until golden brown, about 10 minutes.
In a blender or food processor, combine the sauteed mixture and the tomatoes and process until smooth.
In the same frying pan over medium-high heat, warm another 1 TBSP of the oil. Add the tomato mixture and cumin. Cook, stirring frequently, until thickened and darkened, 5-6 min.
Transfer the mixture to a large saucepan over medium-low heat and add the stock. Cover partially and simmer, stirring occasionally, until the soup is slightly thickened, about 20 minutes. Add the chicken and simmer until just opaque throughout, 2-3 minutes longer. Season to taste with salt & pepper.
While the soup is cooking, cut the tortillas in half and slice each half into thin strips. In a frying pan over medium-high heat, warm the ½ cup vegetable oil. Drop a tortilla strip in the oil, and if it sizzles immediately, the oil is ready. Drop handfuls of the tortilla strips into the oil and fry, turning with tongs, until crisp and browned, about 3 minutes. Using a slotted spoon, transfer to paper towels to drain.
In a small, dry frying pan over medium heat, toast the chile until fragrant, about 7 minutes. Shake the pan often; do not let the chile burn. Let cool, then crumble and set aside.
To serve, ladle to soup into warmed bowls. Divide the tortilla strips, crumbled chile, and ¼ cup cilantro, the avocado, cheese, and lime juice evenly among the bowls and serve immediately.
Makes 4 servings
Posted on October 31, 2025 at 8:39 pm
Travis DeFries
|Posted inMonthly Newletter|
The numbers tell us we’re steady, not sinking. Let’s replace uncertainty with perspective and see how stability sets the stage for opportunity and long-term success.
After years of rapid appreciation, the market is simply taking a breath. Prices are holding steady, inventory is at its healthiest level in over a decade, and interest rates are easing — all signs of balance, not decline. If you’ve been feeling uncertain about the housing market lately, you’re not alone. The media (news or social) loves drama, but the data tells a quieter, steadier story. What we’re seeing right now isn’t a recession — it’s a reset.
The combination of rates coming down by 0.78% since January 2025 and prices remaining flat year-over-year means that monthly payments for a new mortgage are starting to ease. This is a welcome trend for buyers who have been grappling with affordability. We’ve even started to see buyers who already own a home, willing to give up their lower rate to make moves to homes that better fit their lifestyle needs.
Another reason we are not in a recession is the abundance of equity many homeowners have. Median price in King County is up 33% since 2020 and up 98% since 2015. In Snohomish County, the median price is up 42% since 2020 and up 115% since 2015. During this time, prices grew quickly vs. the historical norms of 3-5% a year. Hence, prices remaining flat makes sense as the market levels out and finds its equilibrium. Further, according to Census data, a record 40% of Americans own their homes free and clear, the highest level recorded.
This kind of “flat” market often feels uncomfortable because it’s different from the fast-paced, multiple-offer environment we grew used to and found exciting. But in reality, flat doesn’t mean failure. It means opportunity — for buyers to make thoughtful moves without frenzy, and for sellers to position their homes strategically in a more stable environment and reap their well-established equity.
In my years of watching market cycles here in the Greater Puget Sound Area, I’ve learned that perspective is everything. For sellers, how long they’ve been in their home, assessing their equity level, and where they want to go are what matters most. A segment of the market that I’ve seen take a step back is speculative sellers hoping to buck the current trends and make a quick gain.
It is important to note that owning real estate is a long-term hold investment and not an overnight come up. The extreme ramp-up in home values from 2020-2022 skewed that viewpoint for some. A valuable rule of thumb to adhere to is the 5-year rule. Outside of the Great Recession of 2007-2012, holding for 5 years has overcome a flat market or any short-term dips in values. It’s also important to understand that your home serves two purposes: your safe place and an investment.
A home is surely an investment, but also a place to call home. It doubles as the place where one finds shelter, makes memories, and becomes a nest egg over time. It’s impossible to “time” the market! It’s more so about matching your home to your current needs, affording the monthly payment, and planning to stay awhile. With those three elements in mind, a successful investment will happen along with living in a home that aligns with your life.
For buyers, we haven’t seen this calm of a market environment and selection in ages. In our region, we are currently experiencing a balanced market (2-4 months of inventory). In some areas of the country, a balanced market looks different (3-6 months), but for our area, it’s tighter due to density, industry, and limited land availability.
While we do occasionally still see multiple offers, they are no longer the norm. Buyers are now afforded the benefit of longer market times, allowing for negotiated contract terms to support performing due diligence over a longer time. They also do not have to escalate as high in price to obtain a home. My hope is that buyers who have sidelined themselves or are considering a purchase realize that this is a great time to buy!
If you’d like to talk about what this balanced market means for your goals — whether it’s buying, selling, both, or just planning ahead — I’m here to help you make decisions with confidence. Following the news, doomscrolling, or listening to an isolated story could veil you from the truth the data provides. While the market might seem “boring” right now, I’ve seen many buyers and sellers find great success. Let’s talk and apply your goals to today’s trends!
October Home Maintenance 🏡✨ Labor and building materials are typically the least expensive around this month, so utilize this to your advantage if you’ve been needing to make household updates or renovations to increase the marketability of your home. Prepare for the colder months by making sure your house is sealed from water damage and pests.
🍲 Cozy Kitchen: Hearty Chicken Noodle Soup
As the weather cools down, there’s nothing better than a bowl of homemade chicken soup. This comforting classic is easy to make, full of flavor, and perfect for cozy evenings at home.
Ingredients:
2 Tbsp vegetable oil
1 cup onion, chopped
3 garlic cloves, minced
10 cups chicken stock
1 tsp dried thyme, crumbled
¼ tsp dried dill
¼ tsp pepper
5 sprigs parsley
2 carrots, sliced
6 oz wide egg noodles
1 lb cooked chicken breast, cubed
2 Tbsp cornstarch
2 cups unflavored yogurt
¼ cup green onion, chopped
Instructions:
Heat the vegetable oil in a large pot over medium-low heat. Add the onion and sauté until soft, about 10 minutes. Add garlic and cook 2 minutes longer.
Stir in chicken stock, thyme, dill, pepper, parsley and carrots. Cover and bring to a boil. Reduce heat and simmer 20 minutes.
Remove and discard parsley, add noodles to stock. Simmer, uncovered, over medium-high heat until noodles are soft, about 10 minutes.
Add chicken and cover pot to keep soup hot. In a small bowl, stir cornstarch into yogurt, then combine with 1 cup hot broth. Return this mixture to soup pot and bring to a boil while stirring constantly.
Remove from heat and serve immediately, garnished with green onion.
Tip: This recipe makes enough to share. Drop off a bowl to a neighbor or freeze a batch for a busy weeknight.
From my kitchen to yours: wishing you warmth, comfort, and good company this fall!
Posted on October 15, 2025 at 6:46 pm
Travis DeFries
|Posted inMonthly Newletter|
Two unique opportunities have lined up for buyers: Lower Interest Rates – With rates down almost three-quarters of a point, a $500,000 mortgage costs $232 less per month than it would have just a short time ago. That’s nearly $84,000 saved over 30 years.
More Homes to Choose From – We’re seeing the highest inventory in 14 years, giving buyers more options, less competition, and greater negotiating power.
Why this makes it a good time to buy: Opportunity to Build Wealth – Prices are up 2% in King County and 1% in Snohomish County year-over-year and if rates continue to soften, prices will rise. Fixing your price now will lend itself to great, long-term equity growth. In fact, homes in King County are up 33% over the last 5 years and up 80% of the last 10 years. They are up 42% in Snohomish County of the last 5 years and up 98% over the last 10 years.
Find the house that best suits your life – Moves are brought on by life changes. If you see yourself entering a new chapter, whether it is joy-filled or challenging, a purchase can help align your home with your life. Pause to assess if now would be the right time to make a move and consider the advantages of the current market.
All of this means more affordability and more choices—a rare combination in real estate. Please reach out if you would like to learn more. It is my goal to help keep my clients informed so they are empowered to make strong decisions.
Making a move, whether it’s across town or across the country, can feel overwhelming. I understand that behind every “For Sale” sign there’s a personal story, and often, real-life challenges that make it hard to take the first step. Over the years, I’ve helped many clients work through these very obstacles, and I want you to know there are solutions for every situation.
Here are a few of the most common roadblocks I hear, and how we can overcome them together:
“My home has deferred maintenance or needs updates, but I want to sell for top dollar and don’t have extra funds.”
The Windermere Ready Loan is your “easy button” for accessing funds for listing prep. It allows you to access cash based on your home’s equity to cover cleaning, repairs, or remodeling—so you can sell faster and for more money, without having to pay upfront. The fees are low, access is fast, and we can devise a plan identifying which items will yield the greatest return. You can learn more about the program here or simply reach out to me.
“I’m overwhelmed by the amount of stuff I need to sort through before I can sell.”
You’re not alone in this. I work with trusted vendors who specialize in helping people clear, organize, and prepare their homes for the market. With the right team, what feels overwhelming becomes manageable. You’d be amazed at how this process can be freeing, uplifting, and empowering. Getting started is the hardest part, and I can connect you with great resources or simply help you devise a checklist that moves at your pace.
“I need to relocate, but I don’t know anyone in the new area. How do I find a good agent?”
That’s where my connections come in. With Windermere’s broad presence in the West and our global referral network through Leading Real Estate Companies of the World, I can introduce you to a great agent wherever you’re headed.
“I don’t have 20% to put down. Can I still buy a home?”
Yes, you can! The idea that you must have 20% down is a common misconception. There are loan programs available with much lower down payments—some as low as 3.5% and even 0%. I can connect you with excellent lenders who will walk you through your options.
“I can’t buy until I sell, but I don’t want to move twice.”
The Windermere Bridge Loan is one example of the various creative financing options that may be the perfect solution. It allows you to tap into your equity before your home sells, so you can purchase first and move only once. The process is designed to be simple, affordable, and stress-reducing. If the Windermere Bridge Loan is not the right fit, I have access to other lenders and programs that specialize in tapping equity to purchase before having to sell.
Let Practical and Caring Guidance Lead the Way
I’m in the business of solving problems and creating solutions that move people toward their next chapter in life. Home reflects life, and life is always evolving. Making a move can be deeply personal, and with the right guidance, it can also be a powerful step toward growth and improvement.
If challenges are standing in your way, please don’t keep them to yourself. Share them with me. I’ll listen carefully, and together we’ll create a plan that makes your move not only possible but successful.
Let’s Talk About Your Next Chapter
If you, or someone you know, are considering a move but feel stuck, I’d love to help. Reach out today, and let’s start a conversation about your goals. With experience, care, and trusted resources, I’ll guide you every step of the way so you can move forward with confidence and peace of mind.
September Home Maintenance 🏡✨ Before it’s time to turn on the heat, have your air and ventilation systems inspected by the professionals to ensure efficient and healthy airflow. Note: if you need to purchase or replace any major household appliances, September and October are usually when the latest models are revealed and are the best months to buy them.
Posted on September 16, 2025 at 8:27 pm
Travis DeFries
|Posted inMonthly Newletter|
2025 has been the year of a power shift in the real estate market, as we experience more balance in the market. Increased inventory has provided the biggest advantage for buyers, giving them more selection, which has tempered price growth and aided affordability. In King County, there were 43% more available listings in July 2025 over July 2024, and 47% more in Snohomish County. This, along with the new normal of interest rates, has buyers who are ready to make a move in a positive position to pounce. We have even seen rates come down close to 6.5% for a 30-year conventional loan and to 6.15% for FHA and VA loans in the last two weeks!
Surprisingly, as we find ourselves in the dog days of summer with many people enjoying the last bits of kids being out of school, taking vacation time, and savoring all the PNW has to offer during the summertime, we have seen buyer activity start to increase. Month-to-date this August, pending sales are up over July 2025 by 9% in King County and up 17% in Snohomish County. This is on the heels of pending sales leveling out in King County in July 2025 over June 2025 and increasing by 12% in Snohomish County. With 36% more homes for sale in King County YTD and 41% more in Snohomish County, buyers are starting to understand the opportunity increased selection brings. According to the Mortgage Bankers Association (MBA), mortgage applications are also up year-over-year.
The increased selection has created more room for buyer negotiations and further opportunity to perform due diligence. Compare this to the previous onslaught of bidding wars, buyers now have a calmer environment to make big decisions. We have even seen the return of successful home sale contingencies when the right situation presents itself. Basically, the market has become more fluid and less of an uphill battle for buyers to secure a home. Evidenced by the average list-to-sale price ratio for a home in King and Snohomish Counties in July, at 98%. Last July, when there was less selection, the average list-to-sale price ratio was 100% in King County and 99% in Snohomish County. With that said, we are still seeing homes that are brought to market that are well priced and in prime condition getting multiple offers and selling for over list price. It is just no longer the norm and more so the exception.
This has resulted in median price growth becoming flat, but not faltering. In King County, the median price is up 1% this July over July 2024, and is equal in Snohomish County. Further, when you calculate the average median price over the last 12 months in King County and compare it to the previous 12 months, median price is up 4% in both King and Snohomish Counties. We are nowhere near a free fall in prices; what we are experiencing is a deceleration in price growth. Since this has followed the unprecedented double-digit, year-over-year price growth we saw during the pandemic, some may see this as the sky is falling, which is simply wrong. This is a good thing!
The abundance of equity that was gained over the last five years and certainly over the last decade has many sellers making great gains. Median price in King County, including single-family residential homes and condos, is up 31% since 2020 and up 73% since 2016; and in Snohomish County, it’s up 40% since 2020 and up 99% since 2016. Bear in mind, real estate is a long-term hold investment, and timing a sale after the original purchase can have an impact. We are seeing many Baby Boomer sellers start to make big moves towards retirement, enjoying their well-earned financial freedom and, in some cases, addressing health needs. The move-up buyer/seller is returning to the market as well, putting their equity to work for them to purchase a home that better fits their household size and preferred location.
With interest rates predicted to only slowly recede, some buyers are using negotiated credits to buy down their interest rate and decrease their monthly payments. Buyers who are finding a way to make the monthly payments work, either through buy-downs or budgeting, are getting themselves into homes that feel better for their lives. They are also setting themselves up for long-term gains as their nest egg grows while they enjoy their home. It is important for everyone to understand that real estate is not typically a quick come-up investment. The pandemic years skewed that perspective, and returning to more historical norms should be welcomed, as that growth was unsustainable.
If you have been considering a move or know someone who is, now is a great time to consider your options and start planning. We have even seen first-time home buyers eager to jump into the market and start building wealth. I could easily apply the statistics above to your specific location, and we can apply the market conditions to your goals. Meeting up in person or via Zoom to discuss what this market has to offer and answer your questions is the foundation of my service. It never hurts to dream, plan, and discuss whether your desired outcome results in doing something sooner or later. This consultation meeting will lead to confident decision-making based on clarity and trust. It is a positive and proactive step forward, and is always based on the pace of my clients’ wants and needs. It is my goal to help educate in order to empower strong decisions. Please reach out if you want to chat about how your goals align with today’s market or if you know someone who could use this counsel.
🎒✨ I’m proud to partner with Volunteers of America Western Washington for Operation Backpack—helping local kids start the school year with the tools they need to succeed!
📍 My office is a drop-off location for new school supplies through the end of August: 4211 Alderwood Mall Blvd #110, Lynnwood
🛒 Prefer to shop online? You can donate directly through the Amazon Wishlist here.
Together, we can make a big difference for students in our community. 💙
Posted on August 15, 2025 at 7:28 pm
Travis DeFries
|Posted inMonthly Newletter|
In 2025, we have seen a year-over-year increase in new listings. New listings are up 16% in King County and 10% in Snohomish County, following a 19% increase in King County and an 18% increase in Snohomish County in 2024 compared to 2023. This mounting increase piqued my curiosity, and I began to notice some trends in the inquiries that were coming my way. The trend involved Baby Boomers being on the move!
Baby Boomers account for 21% of the US population and are now in their 60s to early 80s. This is a large group navigating major life changes. With fewer encumbrances and responsibilities, many see this as an incredible opportunity to explore their freedom and financial stability. It’s their time! Some are also slowing down, possibly facing challenges, and are seeking comfort and assistance. Many Baby Boomers are moving out of their longtime homes and choosing to reposition either in the same area or out of state. They are buying their dream home that aligns with their lifestyle (think snowbirds), downsizing to a condo or small rambler, moving in with or near family, or relocating to a retirement community, and in some cases, an assisted living facility. The good news is that this generation is sitting on a substantial amount of home equity that is fueling these moves and providing the means to achieve their goals.
The average Baby Boomer has owned their home for 17-23 years and has 60-80% home equity, and in many cases, owns their home free and clear. In May 2025, the median price for a single-family residential home in King County was $865,000, and $785,000 in Snohomish County. That is a 127% increase in King County over 20 years and 162% increase in Snohomish County. This nest egg is providing Baby Boomers the financial flexibility to move to a place that will bring peace, ease, and enjoyment in their next chapter.
Deciding to sell a longtime home is never just about real estate—it’s about life, legacy, and letting go. For many Baby Boomers, the idea of moving can bring up a flood of emotions, logistical hurdles, and financial questions. As a real estate professional who has worked with many beloved clients in this exact stage of life, I want to offer some guidance—not just as a broker, but as someone who deeply cares about helping people make this transition with grace and confidence. Whether you’re considering a move yourself or you’re supporting a parent or loved one through this decision, here are some of the biggest challenges we see—and some helpful ways to navigate them.
Fearing the Unknown
Change is never easy, especially when it means leaving behind a familiar neighborhood or lifestyle. There’s often a real fear about what the next step looks like. What helps:
Take your time exploring options. Visit potential new homes or communities before making a decision. Think about what you want out of life: less upkeep, more walkability, or being closer to loved ones. Often, the move brings more peace, not less. It’s the transition that can be stressful and intimidating, but the end result is worth the temporary discomfort.
Letting Go of a Lifetime of Memories
Your home holds decades of family stories. Maybe it’s where you raised your children, loved your pets, celebrated holidays, or shared countless quiet mornings. The thought of saying goodbye can feel overwhelming. What helps:
Consider reframing the move. You’re not erasing memories—you’re making space for a new chapter. Think of it as passing the home on to a new owner who will love it just as much. Many clients find comfort in creating photo albums or video tours to preserve those meaningful memories.
Facing the Overwhelm of What to Do with Your Stuff
Sorting through years (or decades) of belongings is one of the biggest roadblocks. It’s easy to get stuck when everything feels important. What helps:
Start small. Focus on one room at a time, and prioritize the items that hold true sentimental value. Enlist a senior move manager or downsizing expert who specializes in this type of transition. Their help can make the process feel more manageable—and far less emotional. I have contacts for professionals who specialize in these services, whether it is sorting and packing or estate sale assistance, I can connect you with trusted service providers.
Managing the Physical Demands and the Time Suck of a Move
Packing and moving can be tough at any age, but especially so for those with mobility issues or health concerns. Furthermore, if you are still working and have a busy schedule, a move can seem out of reach. What helps:
This is the time to lean on help. There are incredible services available that handle packing, organizing, moving, and even estate sales. Make sure the new space is designed with safety and comfort in mind—single-story homes, walk-in showers, and easy access all make a difference. This move is an opportunity to have your home align with exactly what you need and want to thrive.
Navigating the Financial Piece
Worries about affording a new place—or not getting full value from the home sale—can keep people stuck. What helps:
Work with a trusted real estate broker, CPA, and financial advisor who understand your goals, tax code, and the current market trends. Many of my Baby Boomer clients are surprised to learn how much equity they’ve built over the years. That equity can open doors—to a smaller, more manageable home, a lifestyle upgrade, extra savings, or even travel or care options you’ve been dreaming about. Also, if you plan to apply for a mortgage and are approaching retirement, you’ll want to strategize with a reputable lender on whether it makes sense to make your move while you’re still working or after you retire.
Access to Financing Options for My Next Purchase
Once retired, many Baby Boomers are unsure how to finance their next move, especially if the majority of their cash is tied up in the equity of their current home. What helps:
Accessing your equity to pay for your next place, so you don’t have to move twice or make a contingent offer. Often, properties that appeal to downsizing Baby Boomers are highly sought after, and home sale contingent offers struggle to compete. Utilizing a bridge loan eliminates the need to be contingent, gives you access to a large amount of your equity, and lets you secure your new place before having to sell your current home. Windermere has an excellent Bridge Loan Program with quick approvals that don’t require an appraisal, and no fees are collected until your home sale is closed, eliminating up-front out-of-pocket expenses.
My House Needs Some Work, and I Don’t Have Access to Money
Maintaining a house requires keeping up with deferred maintenance and making home improvements. These costs can be tough when on a fixed income. Maybe a refresh of a kitchen or bathroom would result in you getting more money for your home when you sell. What helps:
Have your trusted real estate broker weigh in on your home’s condition and what improvements create the highest return. Windermere also has a loan program called Windermere Ready that allows homeowners to easily access their equity for home maintenance, improvements, and moving expenses. Like the Bridge Loan, the turnaround time is quick, and there are no upfront fees.
Final Thoughts: It’s Okay to Take Your Time
If you’re reading this and feeling a mix of excitement, hope, and some uncertainty—you’re not alone. Selling a long-time home is a major life milestone. But with the right support, it can also be an exciting fresh start.
If you or your loved one are starting to explore this idea, I’m here to talk—without pressure or timelines. My goal is to equip you with tools and guidance to help you feel confident, informed, and cared for, every step of the way.
July Home Maintenance 🏡✨ Making sure your home is able to utilize energy efficiently to keep you cool – and prevent mold and moisture buildup – is essential for the health of both you and your home.
Posted on July 25, 2025 at 5:30 pm
Travis DeFries
|Posted inMonthly Newletter|
