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Thanksgiving on Lummi Island, WA - Open House on the beach invitation!


 

Celebrate this weekend's Canadian Thanksgiving by ferrying over to nearby Lummi Island, WA for a scrumptious dinner at the famous Willows Inn Restaurant  and stopping by 2466 N Nugent Rd where you will be delighted to discover a Storybook Waterfront House on 1.56 private acres and a magnificent 200 foot stretch of pebble beachfront. New price - $587,000.  

 

Public Open House schedule October 11-12'th:

Saturday - 1-3 pm

Sunday 1-4 pm

Turn right after getting off the ferry and continue straight to 2466 N Nugent Road - Figure an hour and a half travel from downtown Vancouver, depending on the border!

Windermere R.E. - Leigh Freeman, broker. 778-233-8888

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Canada-US House Price Gap Hits A Record High


When the  Bank of Montreal chief economist Doug Porter just announced the difference between the US and Canadian housing markets has never been greater, my reaction was to hit the pause button and ponder just what is going on? Huffington Post's article Canada-US House Price Gap Hits a Record High:BMO highlights the salient indicators - While the US housing market has rebounded from the long recession, it has not caught up with the steady price gains afforded by the stable Canadian marketplace.  Nor is the US market appreciating at the same extraordinary rate as the Canadian housing market whose average resale house prices are now 66% higher than US resale prices. More and more analysts are sounding warnings about Canada's inevitable market correction - saying that the shift is near. CMHC has just eradicated the provision of mortgage insurance for second home owners and made the loan application process for self-employed borrowers more stringent - a timely move by the damage control department?

If you are a Canadian thinking about investing in US real estate, now may be the best time to take action, while lending rates are still reasonable and the US housing market is on the rise. If and when there is a correction in the Canadian housing market, money invested in the US will be good insurance, especially when those investments are placed in urban areas like Seattle where there is strong job growth in the information industry; professional and technical services. Seattle's economic surge has directly affected the housing market where a 15.2% annual increase in median house price occured from September 2012 to September 2013. Call it dollar cost averaging and be sure to give me a call. I can help you check out the premium property investment opportunities and financing options to match your budget and your goals both in Vancouver, BC and Washington State. Leigh Freeman at  www.vancouverhomesite.com



How to Buy US Properties in the Pacific Northwest


"How to Buy US Properties in the Pacific Northwest". That was the hot topic of conversation at our Vancouver R.E. Convention booth over the last two days. Check out an informative overview of the Cross-Border issues concerning buying and investing in US properties in Washington State.



US Metro Home Prices on the Rise


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Home Prices Rise in Most Metro Areas in 2013

Median home prices are up nearly 13% from last year. Read

Visit houselogic.com for more articles like this.

Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®



Great Investments: Vacation home sales soar


A recent report by the National Association of Realtors has shown that sales of US vacation homes were up 10.1% in 2012, for a total of 11% of all of the home sales in the country.  This is clearly a great time for investors to strike while the iron is hot as presented in the following Global Property Guide article.  Call me for an update on hot vacation homes in the Bellingham-Blaine-San Juan Island, WA areas. 778-233-8888



Catching the rising tide in Bellingham, WA's real estate market


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The Oregonian's March 31st graphic illustration of the Portland, Oregon real estate market above confers with what we see happening across the Pacific Northwest region. Rising prices and a reduced inventory of quality properties is just beginning in the Bellingham – Blaine area as savvy investors are targeting income properties, competing with first-time home buyers, baby boomers, and foreign investors. With the US real estate market on the rebound, online marketing, foreclosure purchasing, and the tightening of mortgage lending policies have resulted in a remarkably different real estate market compared to a few years ago. For a comprehensive look at these changes, read  Elliot Njus' blog entry "The new normal in real estate". If you've been thinking of making a property purchase when the market is on its way up, now is the time to make your move!Call or email me at leighfreeman@windermere.com. for honest advice and professional service on both sides of the border.

 



Cross border Bellingham Real Estate


You'll be pleasantly surprised if you are a Canadian looking south of the border for a second home or valuable property investment. Come visit my Bellingham, WA area website - Freeman Properties, where you can discouver some amazing property offerings - like the $995,000 waterfront home shown below and gain valuable information on the "how to's" of purchasing and owning US properties. Drop me a line so I can lend you a hand! 
Blaine WA. waterfront home
Courtesy of Windermere - Birch Bay/Blaine.