Local Market Update Q1 2021 Western Washington Real Estate Market Update by Matthew Gardner 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 Real […]
Uncategorized The fall housing market expected to be more of the same By Michele Lerner September 10 High prices and a limited number of homes for sale have been the hallmarks of the Washington area’s housing market for years. Even as other markets nationwide have experienced increases in the number of homes for sale and slowing price increases, the capital region remains a seller’s market in many neighborhoods. […]
Uncategorized Seattle home prices still dropping as Tacoma home values rise, study finds The average July home sales price there was $375,000 – more than $20,000 above the average at the same time last year, for an increase of 5.6 percent. Not only that, but nearly half of the homes in Tacoma – some 46.8 percent – were sold above their list price in July. Homes sold quickly […]
Uncategorized LOCAL MARKET UPDATE – JULY 2019 The market in our region appears to be moderating. Inventory is up, prices are relatively stable and homes are taking a bit longer to sell. However, with less than two months of available inventory, supply is still far short of demand. Steady buyer activity, low interest rates and a thriving economy are making for a […]
Uncategorized SEATTLE MAKES AFFORDABLE HOUSING MANDATORY IN UPZONED NEIGHBORHOODS Architects and developers building across much of Seattle will soon have to meet the city’s new Mandatory Housing Affordability (MHA) requirements, a set of rules passed with a spate of recent comprehensive zoning changes designed to ensure that “new commercial and multifamily residential development contributes [new] affordable housing.” The MHA regulations were approved this spring and are […]
Uncategorized LOCAL MARKET UPDATE – JUNE 2019 The pace of the housing market gained momentum in May, bringing an uptick in open house traffic and offers. A drop in interest rates and increased inventory were great incentives for buyers. Despite the increase in supply there is less than two months of inventory available – half the national average and far short of […]
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 […]
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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 […]
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.