Uncategorized Seattle housing market stays cool, while Tacoma and suburbs keep up the heat By  Paul Roberts  Seattle Times business reporter The Puget Sound housing market continues to splinter into hot and cold sectors — with substantially more heat the farther south you move — but the trend may be moderating as buyers and sellers adjust their expectations. In Seattle and King County, home prices in May were down […]
Uncategorized LOCAL MARKET UPDATE – MAY 2019 April brought good news for homebuyers. Inventory increased, prices continued to moderate and mortgage rates remained low. While buyers have more choices, there is still less than two months of inventory on the market. Demand is expected to remain strong as we head into the prime spring real estate season. Eastside >>>Click image to view […]
Uncategorized Seattle-area housing market splits into 2 dramatically different pieces The Seattle-area housing market has clearly split into two: Buyers looking for higher-end homes in pricier cities like Seattle and Bellevue aren’t paying any more than they did a year ago. Meanwhile, those shopping around for something resembling a deal, perhaps in Tacoma or Everett, are still confronted with the same old hot market from […]
Uncategorized 2019’s Housing Market Is Likely to Be Stronger Than We Thought—Here’s Why By Clare Trapasso | Apr 23, 2019 Despite a real estate slowdown gripping the nation, this year’s housing market is expected to be busier than realtor.com® economists originally predicted late last year. That means more home sales—and higher prices—are on the way. The anticipated uptick in activity is due to lower mortgage rates, which make homes more affordable for buyers. […]
Uncategorized Rent Is Accelerating Again. What Can Be Done? By Andrea Riquier | Apr 11, 2019 Rental price growth, which took a brief breather this winter, is surging higher again, adding fresh urgency to policymakers’ considerations of how to address a worsening affordability crisis. In March, the cost of rent was 3.7% higher than last year, the Labor Department reported Wednesday. That’s the strongest annual growth since April, […]
Uncategorized US mortgage rates post biggest drop in decade to 4.06 pct. By CHRISTOPHER RUGABER The Associated Press WASHINGTON (AP) — Purchasing a home just became a lot cheaper, thanks mostly to the Federal Reserve’s decision last week to put its interest rate hikes on hold for now. Mortgage buyer Freddie Mac said Thursday that the average 30-year fixed rate mortgage plunged to 4.06 percent this week, […]
Uncategorized Local Market Update – March 2019 The spring home buying season started early this year. Open houses had increased attendance and bidding wars returned. After months of softening, home prices in most of the region jumped significantly from the prior month. With just one month of data, we’ll have to wait and see if this is the start of a longer […]
Uncategorized It’s Now or Never to Cut a Deal in Seattle Buyers are back in the Emerald City, with more homes to choose from and better prices BY BECKIE STRUM |  ORIGINALLY PUBLISHED ON MARCH 1, 2019  |  MANSION GLOBAL f the dramatic slowdown in Seattle’s housing market has you waiting for a crash to buy your next home, don’t hold your breath. New housing data indicates the so-called Emerald […]
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Uncategorized Home Seller Profits Hit 12-Year High 2018 was a milestone year.  According to the ATTOM Data Solutions 2018 U.S. Home Sales Report, home seller profits hit a12-year high – the highest level since 2006. Our Market Ranked #3 in the Country The Seattle/Bellevue/Tacoma area ranked #3 in seller return on investment for the entire country.  The remaining cities in the top five were […]
Uncategorized Are You Better Off Paying Your Mortgage Earlier or Investing Your Money? Few topics cause more division among economists than the age-old debate of whether you’re better off paying off your mortgage earlier, or investing that money instead. And there’s a good reason why that debate continues; both sides make compelling arguments. For many people, their mortgage is the largest expense they will ever incur in their […]
Uncategorized Local Market Update – February 2019 January brought more good news for homebuyers. Prices were down, inventory was up and interest rates hovered near a nine-month low. Those factors drove more buyers into the market and resulted in an uptick in sales for the month. We’ll see how this transitioning market evolves as we head into the prime Spring home buying […]
Uncategorized The Gardner Report – Fourth Quarter 2018 The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere Agent.  Economic Overview The […]
Uncategorized Is the Housing Market Ready to Rebound? After months of slowing sales and moderating prices, the housing market may be poised to rebound. Favorable mortgage interest rates have been a key driver. In the mid-January: The 30-year fixed rate was 4.59%. This reflects a decrease of half a point from 60 days prior. This marked the 10th consecutive week of flat or weekly declines. […]
Uncategorized Quarter 4 Eastside Market Review Click to view the Quarter 4 Eastside Market Review.
Uncategorized Local Market Update – January 2019 A cool-down in prices and a surge in inventory spelled out good news for buyers in December. Median home prices throughout the region continued to moderate. The number of homes for sale more than doubled over a year ago. Condo inventory more than quadrupled. While we’re still far short of the four to six months […]
Uncategorized Investing In a Green Home Will Pay Dividends In 2019 As we step forward into 2019, eco-friendly “green homes” are more popular than ever. Upgrading your home’s sustainability improves quality of life for those residing in it, but it is also a savvy long-term investment. As green homes become more popular, properties boasting sustainable features have become increasingly desirable targets for homebuyers. Whether designing a […]
Uncategorized 2019 Economic and Housing Forecast What a year it has been for both the U.S. economy and the national housing market. After several years of above-average economic and home price growth, 2018 marked the start of a slowdown in the residential real estate market. As the year comes to a close, it’s time for me to dust off my crystal […]
Uncategorized Local Market Update – December 2018 The real estate market continued to improve for buyers in November.  Interest rates dropped slightly, price increases slowed and inventory soared. It’s important to note that inventory increases, while significant, are being compared to the record low supply of last year. We’re still far short of the inventory needed for a truly balanced market, however […]
Uncategorized Mortgage rates drop to 2-month low—an unexpected holiday gift to housing Americans may be losing money in their stock portfolios this week, but they are gaining purchasing power in the housing market. Mortgage rates are falling sharply, as investors head to the relative safe haven of the bond market. Mortgage rates follow loosely the yield on the 10-year U.S. Treasury. The average rate on the popular […]
Uncategorized Bringing Your Plants Inside for Winter Winters in many parts of the Western U.S. can easily see temperatures that dip down below freezing. For many gardening homeowners, this can be troublesome when precious plants are concerned. Covering your plants with sheets may not be enough to save a plant from succumbing to freezing temperatures. Check out these ways to bring your […]