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Local Market Update Local Market Update – February 2017 The local real estate market remains very hot with extremely low inventory and prices that are rising faster than anywhere else in the country. However, that rate of price growth appears to be cooling from last year, dropping to its slowest pace in three years. Predictions of more interest rate hikes may further limit price […]
Housing Market Statistics Here’s Why Prices Are So High In Seattle What exactly is making home prices in Seattle and the surrounding area? The problem is no one is selling their homes. The Seattle Times states only “0.4 percent of all homes in the Seattle region were on the market at any given time last year” which is a stark indication of how competitive the real estate […]
Local Market Update Local Market Update – January 2017 A record low number of houses for sale in December indicates that 2017 will continue to be a very competitive market for buyers. The good news: those who decide to take the plunge and list their home can count on getting a premium price for their property. Brokers reported that about three-fourths of the homes […]
Housing Market Statistics What’s In Store For The 2017 Seattle Housing Market? 2016 was another stellar year for the Seattle housing market, in which a surplus of buyers and a deficit of sellers drove home prices higher across the board. So, can we expect to see more of the same in 2017? Here are some of my thoughts on the Seattle/King County housing market for the coming […]
Local Market Update Local Market Update – December 2016 Buyers spooked by a spike in mortgage interest rates gave rise to the busiest November for homes sales in over a decade. Prices rose accordingly. Case-Shiller ranked the area as the housing market with the fastest rising prices in the country. Sellers can expect to get a premium for their homes as we move into […]
Housing Market Statistics 2017 Housing Forecast: Local Market No. 4 in US According to Veros Real Estate Solutions, the Seattle-Tacoma-Bellevue market is projected to be the fourth hottest real estate market in the U.S. in 2017. The company projects home prices to appreciate 10.2 percent in our region next year, far outpacing the rest of the country. If you’re thinking about selling, the timing couldn’t be better. […]
Local Market Update Local Market Update – November 2016 Home sales outgained new listings again in October, further squeezing already tight inventory and pushing prices higher. Since new listings traditionally decrease in the fall, that inventory shortage is expected to last until spring. Sellers willing to put their home on the market now can expect plenty of interested buyers, and a highly favorable chance […]
Housing Market Statistics The Gardner Report – Q3 2016 Economic Overview Annual employment growth in Washington State slowed somewhat in the third quarter of this year, but still remains well above the long-term average. Additionally, the jobs that are being created are primarily quality, high-paying positions, which is important for the health of our economy. Unemployment in the state remains at levels that are […]
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Tech Industry Seattle – Part of the Next Big Tech Corridor? Seattle and Vancouver, B.C. are two nearly identical cities in the Pacific Northwest. We’re both eco-conscious, have similar weather patterns, and are creating exceptional technologically-based economies. Vancouver has more in common with Seattle than it does with any of its other Canadian cities even though they are separated by an international border and 140 miles […]
Local Market Update Local Market Update – October 2016 At a time of year when sales traditionally slow down, September saw particularly strong sales growth. Home prices rose yet again compared to the same time last year, but they remain below the peak of several months ago. And inventory, while still low, is at its highest level in two years. The local real estate […]
Local Market Update Local Market Update – September 2016 While homes prices were up by double-digits compared to a year ago, the market frenzy that has affected most of this year is showing some signs of moderating. With the exception of the Eastside, prices for most of the region were down from their peak. Home sales generally outpaced the same period a year ago, […]
Home Buying Help for Buying a Home Now Think you can’t afford to buy a house? There are a number of programs that can help make the dream of buying a home a reality. You don’t need to put 20% down. Fannie Mae and Freddie Mac have down payment requirements as low as 3%. If you’re a vet or active military, a VA loan requires no […]
Local Market Update Local Market Update – August 2016 Home prices are still on the rise compared to a year ago, but there is some indication that prices are moderating. Combine that with an increase in inventory and we may be seeing some relief for buyers. Time will tell whether this is a momentary breather, or if we’re slowly moving to a more balanced […]
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