Love Where You Live – Volcano Edition

It all started out as a hope-to, an item I wanted to check off my bucket list: to climb a mountain.

I’ve always thought climbing a mountain was a big, hairy audacious goal that many people talk about but never do. I wanted to separate myself from the pack and be one of the few that do it. So, on July 26th, I had the great pleasure (wait, did I say pleasure?), I mean, I had the great gratification of summiting Mount Saint Helens in Washington State.

I picked Mt. St. Helens as my mountain of choice because it’s a true mountain, achievable with only a moderate amount of gear and training. On the surface, it seems like a moderate-to-hard hike; after all, it is “only” five miles up—two through forest, two across a massive boulder field, and one straight up through loose scree (small, gravelly volcanic rubble). It’s the 8,500-foot elevation gain that really knocks the wind out of your sails and gives you pause to consider (or reconsider) most things in your life.

Looking back down at the one-mile stretch of scree

It’s one of those things that’s hard to explain unless you’ve experienced it, or something like it. All that being said, that moment when you reach the top of the mountain—the cloudless sky, the limitless view, the surrounding peaks, breathing all that in, absorbing it, contemplating it, pondering it—makes the trek more than worth it.

On top of the world (looking down at the lava dome, Mount Rainier in the distance)

Mount Saint Helens is noteworthy for its huge eruption in 1980, and is still an active volcano. Standing on the precipice, looking down at the lava dome with plumes of steam seeping out of it, was magnificent. For me, it was a bit of a full circle, having been nearby in 1980 when the mountain erupted. A high schooler at the time, I had been down in the Longview/Kelso area visiting my brother. I slept obliviously through the eruption, to be greeted on awakening the next morning by swollen rivers, a sky full of ash, and horrific traffic jams of panicked and/or curious residents and onlookers. Nearly forty years later, all that’s just local history. But it was very cool to come back and see how quickly the mountain has repaired itself, its beauty and majesty restored.

Whether you live in the shadow of a volcano as I do, there are adventures to be explored in your neck of the woods, as well. Please comment and share your stories: how do you love where YOU live?

Doug Lawrence is a professional real estate broker with Keller Williams West Sound in Gig Harbor, Washington.  Doug’s motto is “Love where you live!” Whether you’re looking to buy, sell, or invest, he’ll put his appetite for adventure and challenge to work on your real estate transaction when he’s not applying it to a mountain.  You can find him at http://www.douglawrencerealestate.com or by phone or text at 253.341.5287.

(c) 2017 Doug Lawrence. All Rights Reserved.





Think You Can’t Afford It? Think Again.

September means back to school, back to routine, and back to . . . home shopping?  Yes, for many folks!

Although, as I mentioned last month, this has been a challenging market lately, affording the mortgage payment for the house they want IS possible for many prospective homeowners. Why then, by all accounts, is a sense of “unaffordability” plaguing the market?

Researchers at Freddie Mac offered several answers to that question in its latest Insight, the first one being perception. Homebuyers struggling to find reasonably-priced listings perceive the housing market in general as unaffordable — a reasonable conclusion, if their only options to date have been out-of-reach stock.

Secondly, the high likelihood these days for competition (i.e., “bidding wars”) is off-putting, both for first-time homebuyers and for sellers re-entering the market. The hesitation of these would-be sellers is notably tamping down already tight inventory.

“Thanks to very low mortgage rates, monthly mortgage payments are affordable for the average household despite currently high house prices,” says Sean Becketti, chief economist at Freddie Mac. “Nevertheless, hurdles to homeownership arise from the difficulty of finding a house. The supply of homes for sale is very tight, especially starter homes, and underwriting requirements are more rigorous than they were in the past.”

Would-be homeowners are also not confident about their prospects because their incomes have stayed relatively flat compared to home prices. Incomes have grown by an average 2.4 percent annually since 2012; home prices, however, have grown an average 6 percent.

“Many potential first-time borrowers are stymied by variable employment and income histories and the challenge of accruing a down payment while simultaneously paying down their student loans,” Becketti says. “In fact, a high level of household debt, particularly student debt, poses perhaps the largest obstacle to first-time homebuyers.”

Homeownership — stripped down to just the mortgage payment — is affordable, the researchers concluded, but challenged by barriers that play a hefty role in the home-buying process. Perception, after all, is reality.

Are any of these factors playing into your decision to buy or not buy, to sell or not sell?  I’d be happy to talk through with you how these issues might affect you (or not), and help you find workable solutions for your unique home-buying or home-selling situation. After all, I’m here to help you “love where you live!” ~Doug

Doug Lawrence is a licensed broker with Keller Williams West Sound in Gig Harbor, Washington. You can find him at http://www.douglawrencerealestate.com, or by email at dlawrence@kw.com, or by phone at 253.341.5287

Source: Freddie Mac , Photo by 2.0 Generic

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