253 Magazine Dec 2021 Issue

DEC 2021

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NOW OPEN!

Local Real Estate Market Trends, Plus...

Light Up The Season!

Holiday Gifting

Shop Local

Favorite places to see the best holiday light displays

Gift-givers enjoy the benefits of giving, too

Our area is rich with unique treasures

The power of Windermere. The personalized service of Windermere Chambers Bay.

Light Up The Season!

Find out our favorite places to see the season's best light displays

Tis the season of Giving The benefits of giving reach beyond the gift recipient

details home studio A fantastic boutique cross between West Elm and Rose Apothacary

Shop Local Locally sourced gifts make the holidays even more special

Local Real Estate Market Statistics

Happy Holidays TWO TRADITIONS.ONE WISH. PEACE ON EARTH.

HOLIDAY LIGHTS COMPETITION • WINNERS ANNOUNCED DECEMBER 20

AH MUSOLIDAY T-SE E!

Enjoy your own self-guided tour of lights!

Maps available on the City of Fircrest Facebook page and website, plus at local businesses around town

Spanaway Park 14905 Bresemann Blvd South, Spanaway 5:30-9:00PM through January 2 Advance Tickets Only Find Info Online Here

Point Defiance Zoo & Aquarium 5400 N Pearl St, Tacoma 4:30-10PM through January 2 Timed online tickets required Find Info Online Here

Tacoma Yacht Club 5401 Yacht Club Rd, Tacoma And along Ruston Way December 18, 2021 @ 5:30PM Find Info Online Here

the There is a lot of scientific evidence that giving in practically any form has enormous

joy

Being generous – everything from giving someone directions to helping a friend move house – activates the part of the brain that makes you feel pleasure. Plus, it releases a hormone called oxytocin that helps mediate social interactions and emotion – the higher your oxytocin levels, the more you're likely to give.

benefits for the giver. This includes a happier mood, a greater sense of wellbeing, lower stress levels, lower blood pressure, and even better longevity.

These exchanges promote a sense of trust and cooperation that strengthens our ties to others— and research has shown that having positive social interactions is central to good mental and physical health.

The power of giving comes from a selfless act— where you simply give from your heart. This act of giving is not tied to any special event, holiday or celebration. It is merely a time when you give from the heart because you want to share what you have, show your appreciation, and you give because you truly care.

o

of

giving 5 Benefits Of Giving

· Giving makes us feel happy. · Giving is good for health. · Giving helps social connection. · Giving evokes gratitude. · Giving is contagious.

Pro tip: Give ...It's better for you and them.

Why is it easier to give than receive? It challenges your self-image. It is easier to give than to receive, but not necessarily better. Allowing others to help you is a sign of strength, not weakness.

It reminds you that you're not in charge.

In studies they found that the old adage, "It's better to give than to receive," is correct: spending money on others or giving to charity puts a bigger smile on your face than buying things for yourself.

GIVING ROCKS!

home studio

NOW OPEN 3610 BRIDGEPORT WAY WEST#5 UNIVERSITY PLACE WA 98466

Candles Kitchenware & Stoneware

Oh My!

LOCAL

Holiday Shopping Adorned Abode

The Pacific Northwest Shop

430 E 25th St #53, Tacoma

2702 N Proctor St, Tacoma

TREE

Tacoma Games

2416 S C St, Tacoma

3013 6th Ave, Tacoma

Stocklist

Destiny City Comics

1936 Pacific Ave, Tacoma

218 St Helens Ave, Tacoma

Compass Rose

Defiance Bicycles

3815 N 26th St, Tacoma

2901 S 12th St, Tacoma

Purple Peacock

Tease Chocolates

5103 N Main Street

610 N 1st St, Tacoma

Paper Luxe Stationery and Gifts 2053 Mildred St W, Fircrest

Rainy Day Yarns and Mercantile 7716 Pioneer Way, Gig Harbor

King's Books 218 St Helens Ave, Tacoma

TTown Apparel 1934 Market St, Tacoma

The Crest Home 2057 Mildred St W, Fircrest

Tacoma Bike 3010 6th Ave, Tacoma

Tacoma Consignment 1120 Broadway, Tacoma

Johnson Candy Company 924 M.L.K. Jr Way, Tacoma

Hi-Voltage Records 2714 6th Ave, Tacoma

Tinkertopia 1914 Pacific Ave, Tacoma

LAPIS Tacoma 3823 N 26th St, Tacoma

WHAT DOES 2022 HAVE IN STORE FOR US?

Finding The Sweet Spot

Predictions for 2022 If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market conditions to purchase a home. To determine whether you should buy now or wait another year, you can ask yourself two simple questions: 1. Where will home prices be a year from now?

2. Where will mortgage rates be a year from now?

Let’s shed some light on the answers to both of these questions.

Where Will Home Prices Be a Year from Now? Three major housing industry entities are projecting ongoing home price appreciation in 2022. Here are their forecasts: Fannie Mae: 7.4% Freddie Mac: 7% Mortgage Bankers Association: 5.1% According to the National Association of Realtors (NAR), the median price of a home today is $353,900. Using an average of the three price projections above (6.5%), a home that sold for $353,900 today would be valued at $376,904 at the end of next year. As a prospective buyer, you would therefore pay an additional $23,004 by waiting.

Where Will Mortgage Rates Be a Year from Now? Today, Freddie Mac announced their 30-year fixed mortgage rate was at 3.1%. However, most experts believe mortgage rates will rise as the economy recovers. Here are the forecasts for the fourth quarter of 2022 by the three major entities mentioned above: Fannie Mae: 3.4% Freddie Mac: 3.7% Mortgage Bankers Association: 4% That averages out to 3.7% if you include all three forecasts. Any increase in mortgage rates will increase your costs.

What Does It Mean for You if Home Values and Mortgage Rates Increase?

If both variables increase, you’ll pay a lot more in mortgage payments each month. Let’s assume you purchase a $353,900 home today with a 30-year fixed-rate loan at 3.1% (the current rate from Freddie Mac) after making a 10% down payment. According to mortgagecalculator.net, your monthly mortgage payment would be approximately $1,360 (this does not include insurance, taxes, and other fees because those vary by location).

That same home one year from now could cost $376,904, and the mortgage rate could be 3.7% (based on the industry forecasts mentioned above). Your monthly mortgage payment after putting down 10%, would be approximately $1,561.

–Excerpt from Keeping Current Matters

MUCH LIKE PEOPLE, EVERY MARKET IS UNIQUE. SOME MARKETS HAVE VIEWS, SOME LARGE YARDS. FROM HOMES BUILT AT THE TURN OF THE CENTURY TO NEW CONSTRUCTION, EACH AREA HAS ITS OWN FEATURES AND TYPES OF HOMES.

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