Housing Market News

Housing Market News What Amazon in Bellevue Means for Our Housing Market En este blog se pueden enterar de noticias importantes sobre todo lo relacionado con el mercado de bienes raíces en los condados de King, Snohomish y Pierce. Si tienen alguna pregunta (o solo buscan información al respecto), estamos aquí para lo que ocupen y para ayudarlos a comprar o vender su casa. In case you […]
Housing Market News More Choices Create More Competition in the Puget Sound En este blog se pueden enterar de noticias importantes sobre todo lo relacionado con el mercado de bienes raíces en los condados de King, Snohomish y Pierce. Si tienen alguna pregunta (o solo buscan información al respecto), estamos aquí para lo que ocupen y para ayudarlos a comprar o vender su casa. Our intuition tells […]
Housing Market News 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. Are you ready to start looking for a home? A Windermere Real Estate broker can help you find programs that make buying a house more affordable. You don’t need […]
Housing Market News The Gardner Report – Second Quarter 2016 Economic Overview Washington State continues to see strong employment growth, outpacing national numbers with an annual rate of more than 3%. Interestingly enough, despite these substantial job gains, the unemployment rate remains stubbornly high at 5.8%. However, I’m not overly concerned about this because it’s largely due to a growing labor force rather than a […]
Housing Market News California-to-Seattle Home Searches Decrease The local housing market has so many elements that it can be difficult to identify a single cause of overcrowding, soaring housing prices, fluctuating mortgage rates, etc. However, for years Seattleites have relied on one constant scapegoat – Californians. According to The Seattle Times, Seattle residents may need to start looking at other factors, as […]
Housing Market News Mortgage Rates Drop This Week If you’ve been looking to buy a home in Seattle or the Eastside recently, you’ve probably been overwhelmed with news of bidding wars, rising costs, and inventory shortages. We’re here to share good news that will keep you optimistic about jumping into the housing market. According to The Seattle Times, long-term U.S. mortgage rates fell […]
Housing Market News Why Buying Beats Renting Today Buying a home in the Puget Sound area beats renting in less than two years, according to anew study. The “breakeven horizon” – the number of years after which buying is more financially advantageous than renting – is 1.9 years. Why the short timeframe? Interest rates are at historic lows. (But experts expect them to […]
Housing Market News Homeowner’s Net Worth is 45x Greater Than a Renter’s Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). In a Forbes article the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that in […]
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Housing Market News The Gardner Report – Fourth Quarter 2015 Economic Overview The Washington State economy has added almost 370,000 jobs since the lowest point of the recession at the start of 2010. Additionally, total employment is 176,000 jobs higher than seen at the 2008 peak. With a vast majority of our metropolitan areas having fully recovered from the job losses seen during the recession, […]
Housing Market News 2016 Economic & Housing Forecast The National Economic Forecast 1. The U.S. will continue to expand with real GDP growth of 2.3% in 2016. Although a positive number, the forecasted rate of growth suggests that we will be modestly underperforming in 2016.  On a positive note, oil prices are likely to remain well below long-term averages, which puts more money […]
Housing Market News King County Had Almost Half of 2015’s 30 Most Competitive Neighborhoods in America We probably don’t need to tell you that 2015 was a crazy year in real estate, especially in our area. Bidding wars and listings lasting mere days on the market is something we’ve all grown accustomed to. But it turns out we’re not alone. Curbed recently published an article that focused on the 30 most competitive […]
Housing Market News The Five Real Estate Trends Shaping Real Estate in 2016 We're nearing the end of the year and everyone is sharing their predictions and hopes for real estate in 2016. According to Realtor.com, here are the top five trends that will be shaping real estate next year. The economy, rental market, and housing market are all changing in the Seattle area and its Eastside. These […]
Housing Market News There’s No Need To Panic About Rising Interest Rates This article originally appeared on Inman.com    After seven years of some of the lowest interest rates in recorded history, the Federal Reserve has decided to raise the key Fed Funds Rate by 0.25 percent, which is causing some to be concerned that it will lead to a jump in mortgage rates and negatively impact the […]
Housing Market News We Can Help With Sales Over List Price Sales Over List Price Did you know that 44 percent of home sales involve sales over list price and often multiple offer situations? In fact, buyers working with a Windermere Real Estate broker are 18.4 percent more likely to win the in these situations.* Our brokers work tirelessly to make sure that not only do […]
Housing Market News Thinking of Buying a Home? Ask Yourself These 3 Questions ​If you are debating purchasing a home right now, you are surely getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in real estate. Let’s look at whether or not now is actually […]
Housing Market News Homeownership Has Declined, But It Won’t Be Forever Below is an article from Windermere's Chief Economist Matthew Gardner. He shares his views of the declining homeownership, and why he believes it won't be a lasting trend. In addition to talking about housing bubbles, another topic that is becoming popular among housing scaremongers is the ongoing decline in the U.S. homeownership rate. Remarks range […]
Housing Market News No Housing Bubble In Sight – For Now Windermere's chief economist, Matthew Gardner, recently shared some insight on what we're currently seeing in our local housing market. Here is his commentary, originally posted on Windermere.com. Exactly 10-years ago this month, Alan Greenspan was asked if he had any concerns regarding the housing market. At that time, he emphasized that he saw no sign […]