With mortgage rates on the rise, the next year is a going to be crucial for home buyers. If you want to own a home within the next year, buying sooner rather than later could save you thousands of dollars in interest!

“The Fed announced they would be pulling back some of their stimulus package which has helped the housing market by keeping long term mortgage rates at historic lows for the last few years.”

Read the entire article here… http://www.keepingcurrentmatters.com/2013/12/23/tapering-begins-2/

Pierce County Statistics:

Homes for sale in Spanaway: Average For Sale Price November 2013: $244,000. Up 2.1% compared to the last month. Average Sold Price November 2013: $190,000. Down 2.1% compared to the last month.

Homes for sale in Tacoma: Average For Sale Price November 2013: $253,000.  Down 3.4% compared to last month. Average Sold Price November 2013: $171,000. Down 10.9% compared to last month.

Homes for sale in Lakewood: Average For Sale Price November 2013: $400,000.  Down 2.7% compared to the last month. Average Sold Price November 2013: $282,000. Up 43.1% compared to last month.

Homes for sale in Fife: Average For Sale Price November 2013: $282,000.  Down 1.7% compared to the last month. Average Sold Price November 2013: $305,000. Up 30.9% compared to last month.

Homes for sale in Milton: Average For Sale Price November 2013: $240,000.  Down 2.4% compared to the last month. Average Sold Price November 2013: $197,000. Down 11.3% compared to last month.

Homes for sale in Edgewood: Average For Sale Price November 2013: $496,000.  Up 1.4% compared to the last month. Average Sold Price November 2013: $320,000. Down 1.5% compared to last month.

Homes for sale in University Place: Average For Sale Price November 2013: $381,000.  Zero change compared to the last month. Average Sold Price November 2013: $260,000. Down 15.6% compared to last month.

Homes for sale in Fircrest: Average For Sale Price November 2013: $278,000.  Up 2.6% compared to the last month. Average Sold Price November 2013: $0. Down 100% compared to last month.

Homes for sale in Dupont: Average For Sale Price November 2013: $324,000.  Up 3.2% compared to the last month. Average Sold Price November 2013: $271,000. Down 7.8% compared to last month.

Homes for sale in Puyallup: Average For Sale Price November 2013: $292,000.  Down 1.4% compared to the last month. Average Sold Price November 2013: $252,000. Down 3.1% compared to last month.