In this blog, we’re diving into the world of Bridge Loans and sharing a video explaining how to use the equity on your current home on your new home.

Home buyers and sellers have been on a wild ride over the past year thanks to incredibly low inventory, increased demand coupled with historically low interest rates, and intense bidding wars. According to Holden Lewis, home and mortgage expert at NerdWallet, “mortgage rates snapped upward in January as mortgage investors realized what the Fed intends to do, which is raise interest rates aggressively this year.”

The real estate market remained as busy as ever in Q4 2021, fueled by eager buyers ready to find their dream home in a competitive market where inventory and interest rates remain incredibly low. Sellers also enjoyed unwavering interest and often sold their properties for well above asking price. Sotheby’s International Realty examines five local markets on a quarterly basis to deliver the data and insights buyers and sellers care about so they can make an informed decision and navigate the market with confidence.

When residential home sales picked up speed in the wake of the initial quarantine of the pandemic, many experts weighed in on this outlying trend. A year later, as Realogics Sotheby’s International Realty examines the data from the Eastside to Bainbridge Island and markets in between, it’s easy to see that a lack of inventory and an onslaught of buyers wasn’t a one-off.