Weekly Mortgage Rates

Courtesy of People’s Bank Home Loan Center, we have the current mortgage rates to pass along to you! Whether you are looking to buy, sell, or refinance, here are the current market rates. These are as of August 17th, 2017.


Thank you Sidney Stonecypher at People’s Bank Home Loan Center for the rates. If you have mortgage questions you can reach her at 360-650-5365!

Homeowner’s Net Worth Is Still Greater Than a Renter’s

Homeowner’s Net Worth Is Still Greater Than a Renter’s | MyKCM

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). 

The latest survey data, covering 2014-2016 will be released later this year. In the meantime, Lawrence Yun, the National Association of Realtors’ Chief Economist estimates that the gap has widened even further, to 45 times greater ($225,000 vs. $5,000)! 

Put Your Housing Cost to Work for You

As we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth. Every time you pay your rent, you are contributing to your landlord’s net worth.

The latest National Housing Pulse Survey from NAR reveals that 84% of consumers believe that purchasing a home is a good financial decision. William E. Brown comments:

“Despite the growing concern over affordable housing, this survey makes it clear that a strong majority still believe in homeownership and aspire to own a home of their own. Building equity, wanting a stable and safe environment, and having the freedom to choose their neighborhood remain the top reasons to own a home. 

Bottom Line

If you are interested in finding out if you could put your housing cost to work for you by purchasing a home, let’s get together and evaluate your ability to buy today! You can reach us toll free at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com.

Just Listed! 2700 W Illinois St in Bellingham

Just listed! Incredible home in the heart of Bellingham.

Don’t miss 2700 W Illinois St, Bellingham. New on the market for $459,900.

2700 Illinois St

Featuring 3 bedrooms, 1.75 bathrooms and an expansive 1,790 square feet.

Illinois KitchenWhat a great neighborhood to call home. Last home on the dead-end road, right next to the green-ways trail that heads down to Squalicum Beach. The upgraded kitchen looks onto the rear deck and patio with hot tub. Large flex room, currently a dining space plus a rec room down below. 3 nice sized bedrooms upstairs. The home is move in ready and in A-1 condition. Outside the yard is beautiful, partially fenced and the landscaping is mature. Tons of privacy with the fenced yard and room to roam.

Property Details:

Taxes: $3,275
Lot Size: 0.21 Acre (9,148 SqFt)Illinois Backyard
Garage Size: 2 Car
Exterior: Wood Products
Fireplaces: 1 Fireplace
Heating/Cooling: Forced Air
Roof: Composition Roof
Flooring: Hardwood Floor, Laminate, Wall to Wall Carpet

For more information on 2700 W Illinois St in Bellingham, visit the home’s webpage or call us direct to schedule a showing at 360-303-2734 today!




Hey, Millennial Homeowners!! It May Be Time to Sell


Hey, Millennial Homeowners!! It May Be Time to Sell | MyKCM

Contrary to what many believe, Millennials are not the renter generation. Millennials purchased a larger percentage (34%) of homes in the U.S. than any other age group in 2017 and the most recent Census Bureau report shows that the homeownership rate among Millennials is finally on the rise.

Many Millennials took advantage of post housing crash prices and the First-Time Homebuyers Tax Credit and jumped into homeownership in 2010. If you are one of these buyers, now may be the time to sell for many reasons. Here are a few:

1. Equity Build-Up

Home prices have been on the rise since the beginning of 2012 and your house may have appreciated by more than you think. ATTOM Data Solutions, in their Q2 2017 U.S. Home Sales Report revealed that:

The homeowners who sold in the second quarter realized an average price gain of $51,000 since purchase — the highest average price gain for home sellers since Q2 2007, when it was $57,000.

The average home seller price gain of $51,000 in Q2 2017 represented an average return of 26 percent on the previous purchase price of the home, the highest average home seller return since Q3 2007, when it was 27 percent.

2. Projected Home Price Increases

If you just got married or just found out you are about to become a parent, you may have plans to move up a bigger home or perhaps move to a different area. Waiting to buy a more expensive home in this market probably doesn’t make sense. The experts contacted for the Home Price Expectation Survey are projecting home prices to increase by nearly 5% over the next year. Yes, your house’s price will increase but not as much as a home currently valued higher than yours.

3. Projected Interest Rate Increases

The Mortgage Banker’s Association, Freddie Mac, Fannie Mae and the National Association of Realtors are each projecting mortgage rates to increase over the next year.


Bottom Line

If you are lucky enough to be one of those Millennials who purchased a house in 2010 (or even later), now might be the perfect time to move up to the home of your dreams! You can reach us toll free at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com.

What’s Your Everson Home Worth?

Curious the value of your Everson home in today’s real estate market?

Enter your address below for a FREE no obligation home value report.

Don’t currently live in Everson, but interested in learning more about the area?

Located in the lush farmland at the foothills of Mt. Baker is the town of Everson and the nearby city of Nooksack.  The gorgeous Nooksack River winds through the fertile farmlands providing lovely recreational opportunities and views.

The town’s small business district provides all the basic services. There are restaurants, a pharmacy and groceries, auto-repair, and agricultural supply stores and more. In the heart of Eversin is the City Park  located a 1/2 block south off the W. Main St. Everson City Park has a great play area, basketball court and lots of room to run. Everson’s other park, Riverside Park is located on the banks of the Nooksack River featuring picnic tables and ball fields.

Throughout the year, the area hosts small festivals in town or in the surrounding area, including a summer festival and harvest festival.

Interested in home or property in Everson? Search for available real estate by clicking below.

Everson Map Search

Have specific real estate questions? Johnson Team Real Estate is here to help! Call us today toll free at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com today.

August 12th Pending Ratios

Bellingham Real Estate

Happy Monday! The number of real estate signs you see in yards can be deceiving as to the number of homes actually for sale WITHOUT offers on them. If you are seeing new signs around your neighborhood and curious if any of those homes already have offers on them, we have your answers!

Every week we keep track of how many homes are for sale around Bellingham and Whatcom County and how many of those homes have pending offers on them. Pending is the time frame between when an offer has been mutual accepted between the buyer’s and the seller’s of the home and when the title actually transfers hands. This give the buyer’s time to get the financing, do inspection, review the title reports and more.

As of Saturday, August 12th, the pending ratio in Bellingham was 36%. Click the links to view a report of how many homes are for sale in each area by price range and how many of them are pending showing just how active certain sectors of the market are.

The Birch Bay Pending ratio was 35%

The Ferndale pending ratio was 44%

The Lynden pending ratio was 32%

The Sudden Valley pending ratio was 32%

If you are thinking of selling your home or property, Johnson Team Real Estate would love to help! We are here to help you with all of your real estate needs! You can reach us toll free at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com.

Home Loan and Mortgage Rate Update

The current market rates are in! There are multiple financing options for home loans so take a glace at these rates and see what rate you could lock down today! These rates are as of Thursday, August 10th.

8.10 rates

Thank you Sidney Stonecypher at People’s Bank Home Loan Center for the rates. If you have mortgage questions you can reach her at 360-650-5365!

Don’t Miss Our Sunday Open Houses


Join Rich Johnson for an open house from Sunday, August 13th from 1pm – 3pm at 859 Chuckanut Drive in Bellingham.

Exposed beams, vaulted ceilings, floors of wood, tile & concrete along with solid wood trims are the framework for this gorgeous North Western contemporary home located on legendary Chuckanut Dr. From the moment you drive up to this private spot, you’ll know you are in for a unique experience. Whether it’s the private location, the quality of the home, the inviting spaces, the view of Chuckanut Bay or the use of the neighborhood beaches, it all adds up to a lifestyle that you’ll enjoy for years.

For more information, visit our website.



Join us for an open house on Sunday, August 13th for 3463 Pinehurst Ct in Bellingham.


Don’t miss this 4 bedroom, 2.5 bath home on a quiet cul-de-sac located very near Barkley Village. The spaces are open, bright & designed with efficiency in mind. Enjoy dramatic bay & sunset views from either the master bedroom, balcony or the back deck. Lounging in the hot tub, one would think the Puget Sound & Gulf Islands were put there just for your pleasure. Walking trails are within a few steps of your front door and within a short drive are shopping opportunities at Barkley Village.

Search for Homes in Bellingham

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Looking for a Bellingham Home

Bellingham, Washington has a small town feeling with all the delightful amenities of a larger city. Outdoor enthusiasts enjoy Bellingham’s stunning natural beauty from the waters of Bellingham Bay to the snow covered slopes of Mt. Baker there is truly something for everyone. Cultural opportunities are broad, with an internationally recognized Festival of Music, Whatcom County Symphony Orchestra, several community theatre groups and the Mt. Baker Theater to provide a world class venue for shows and performers.

Bellingham Real Estate

Search for the type of Bellingham Real Estate that fits your needs. Bellingham Property search types include, residential homes, condominiums, vacant land, waterfront real estate, golf course real estate and more. Browse our different Bellingham Real Estate search options to find a fit for you!

Search Bellingham Property For Sale

Bellingham Neighborhoods

Bellingham is home to 23 very unique neighborhoods, all individual in character and design. Bellingham’s Historic Fairhaven District is teaming with history with historical brick buildings and newer condominium complexes all in tune with preserving the neighborhoods historical architecture. Bellingham’s Mt. Baker neighborhood on the other hand is a great mix of new and old, the newer urban village of Barkley Village finds it’s home here and is lush with life from the local Haggen Grocery Store to a mix of residential and commercial buildings.

Bellingham Schools and Employment

Bellingham has excellent public schools, as well as a broad spectrum of private schools, and there are extensive options for additional education from Bellingham Technical College, Whatcom Community College, and the highly regarded Western Washington University. Businesses in Bellingham and Whatcom County are diversified, from heavy industry to high tech. While the major employers such as WWU, and the refineries are the most visible, there is a strong base of small to medium sized companies and more are locating here every year so that owners and employees can take advantage of the area’s lifestyle.

For more information on Bellingham or real estate in the area don’t hesitate to contact The Johnson Team toll free @ 1-888-713-3056.

93.9% Of Homes in The US Have Positive Equity

93.9% Of Homes in The US Have Positive Equity | MyKCM

CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year.

The study also revealed that:

  • Roughly 63% of all homeowners have seen their equity increase since Q1 2016
  • The average homeowner gained about $14,000 in equity between Q1 2016 and Q1 2017
  • Only 1.6% of residential properties are near-negative equity

Below is a map showing the percentage of homes with a mortgage, in each state, that have positive equity. (The states in gray have insufficient data to report.)

93.9% Of Homes in The US Have Positive Equity | MyKCM

Significant Equity Is On The Rise

Frank Martell President & CEO of CoreLogic, believes this is great news for the long-term health of the U.S. economy. He went on to say:

Homeowner equity increased by $766 billion over the last year, the largest increase since Q2 2014. The rising cushion of home equity is one of the main drivers of improved mortgage performance. Since home equity is the largest source of homeowner wealth, the increase in home equity also supports consumer balance sheets, spending and the broader economy.

Of the 93.9% of homeowners with positive equity in the US, 78.8% have significant equity (defined as more than 20%). This means that nearly three out of four homeowners with a mortgage could use the equity in their current home to purchase a new home now.

The map below shows the percentage of homes with a mortgage, in each state, that have significant equity. (The states in gray have insufficient data to report.)

93.9% Of Homes in The US Have Positive Equity | MyKCM

Bottom Line

If you are one of the many homeowners who are unsure of how much equity they have in their homes and are curious about their ability to move, let’s meet up to evaluate your situation.You can reach us toll free at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com.