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The one question everyone is asking.
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With rising rates and a somewhat volatile economy, it's the question burning on everyone's minds. Is now a good time to purchase a home? While each individual's situation will be unique, the broad answer to that question is YES. There are several reasons why now is actually a great time to purchase:
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- Rent prices continue to rapidly increase. If choosing between renting or buying, buying is the smarter investment over the long run.
- Mortgage rates likely crested around Labor Day.
- There are fewer offers on homes, giving buyers more control and ability to negotiate price.
- Home prices are being cut after just fourteen days.
- Recent changes to credit scoring means first time buyers likely have higher credit, enabling a better loan.
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| Housing Market at a Glance |
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The median sales price, despite fewer sales, has continued to rise.
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The number of sales has continued to trend slightly downward from last year. |
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| Recent Sales and Listings from Augustedge |
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| News from the Accounting Blog |
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Electric Vehicle Credit Undergoes Major Overhaul
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With the Inflation Reduction Act of 2022, the electric vehicle credit has undergone some major changes. Most changes take effect in 2023, but impact vehicles purchased after August 15, 2022.
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Everything You Need to Know About Starting a Business
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Coming up with an idea for a new business, however, is one thing. Actually becoming a successful business owner is something else entirely. Only 48% of small businesses survive beyond 5 years due to a large number of reasons.
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Will You Benefit from Biden’s Student Loan Relief?
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On August 24, President Biden announced a three-part plan to deal with student loan debt which includes $20,000 in loan relief to borrowers with loans held by the Department of Education who meet certain requirements.
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| We provide a full range of professional services à la carte – real estate, accounting, tax, business consulting, bookkeeping, quickbooks, financial services and insurance to ensure that you get the level of support you require with superior client service. We are your trusted problem-solver; your confidant, and your business adviser all rolled up together. |
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Augustedge, PLLC & Real Estate
Wenatchee Office
521 S Chelan Ave, Suite A.
Wenatchee, WA 98801
509-494-8500
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Augustedge, PLLC
Chelan Office
107 Emerson Ave. Suite #1 & #4
Chelan, WA 98816
509-494-8500
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