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Local Market Updates Local Market Update – November 2017 Prices in our area have now been rising faster than anywhere in the country for twelve months. Sellers seem to be getting the message that now is a good time to put their home on the market. There was an increase in new inventory in October, but with homes selling rapidly, there still aren’t enough […]
For Your Home When Things Go Bump in the Night It’s Halloween; the time of year when people decorate their homes with haunting embellishments and spooky décor. Bats, spiders, and rodents are all good and fun when they’re made of plastic, but when you have the real thing taking up residence in your home, it’s no treat. Here are some tips for making sure these […]
Local Market Updates Local Market Update – October 2017 The typical seasonal slowdown of new listings in September added to frustration for buyers who are competing for a very limited number of homes. Strong job growth continues to fuel demand. The state added 83,000 new jobs in the month of August, and September looked to be just as robust. The result? King, Pierce and […]
Home Buying Why You Shouldn’t Wait to Buy a Home If you’ve been looking to buy a house, it’s easy to get discouraged. With our local real estate market still the hottest in the country, a lot of buyers have become frustrated after losing out to multiple offers and all-cash sales. While some buyers are considering waiting out the market, here is why that’s not a […]
Local Market Updates Local Market Update – September 2017 High demand and low supply made it the market’s hottest August since records began in 2000. Sparse inventory was again the norm, as were multiple offers. However, brokers are cautioning sellers to price their homes correctly. Most buyers have been in the market a long time and are well educated. Overpriced listings are not getting […]
Home Buying Why Owning a Home is Such a Smart Investment After succumbing to the “Great Recession” ten years ago, the stock market has made a comeback. So, does that mean you should forget about buying a new house and invest in stocks instead? The answer to that question, say experts, depends on your investing savvy, your financial discipline, your age, and your current financial situation. […]
Local Market Updates Local Market Update – August 2017 Instead of experiencing the typical summer seasonal slowdown, the real estate market in July was as hot as the weather. For yet another month, our area had the distinction of seeing home prices rise faster than any other market in the country. Buyers were hit with a double whammy – soaring prices and the continuing […]
Housing Market News The Gardner Report – Second Quarter 2017 Economic Overview The Washington State economy has been expanding at a rapid pace but we are seeing a slowdown as the state grows closer to full employment. Given the solid growth, I would expect to see income growth move markedly higher, though this has yet to materialize. I anticipate that we will see faster income […]
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Local Market Updates Local Market Update – July 2017 It was another month of record-setting home prices in June as the area yet again took the prize for the hottest real estate market in the country. In a bright spot for buyers, the number of new listings added in June was the highest total for any single month since May 2008. While inventory is […]
For Your Home Homeowners Insurance: Protecting Your Home In addition to providing shelter and comfort, our home is often our single greatest asset. And it’s important that we protect that precious investment. Most homeowners realize the importance of homeowners insurance in safeguarding the value of a home. However, what they may not know is that about two-thirds of all homeowners are under-insured. According […]
Local Market Updates Local Market Update – June 2017 The hottest real estate market in the country just keeps getting hotter. Despite a large number of new listings, home prices in the Puget Sound area continued to set records in May. According to a Seattle Times article, “For the first time since the 2007 housing bubble, every county in the central Puget Sound region […]
Home Buying How People Buy Homes Today Today’s buyers use a lot of resources in their home search – and 92% count on a real estate agent to help them purchase their home. How People Buy Homes Today If you’re looking to buy or sell your home, reach out to me to help you successfully navigate the Seattle housing market.
Local Market Updates Local Market Update – May 2017 The local real estate market—already the hottest in the country—set yet another price record in April. The number of homes for sale dropped 27 percent compared to a year ago, the lowest amount of inventory ever recorded for a spring month. The historically low supply of homes is making competition among buyers fierce. Sellers are […]
Housing Market News Western Washington Real Estate Market Update   ECONOMIC OVERVIEW I’m happy to report that Washington State continues to add jobs at a steady rate. While the rate of growth is tapering, this is because many markets are getting close to “full employment”, during which time growth naturally slows. That said, I believe that the state will add around 70,000 jobs in […]
Local Market Updates Local Market Update – April 2017 While we finally saw an increase in new listings in March, there was an even greater jump in sales. Lack of supply continued to push prices to new record highs. For the fifth straight month, our region has experienced the sharpest home price increases of any major market in the country. While that may be […]
Home Buying What Buyers Want Today The National Association of REALTORS® recently released their 2016 Profile of Home Buyers and Sellers. Here are a few items about buyers that we thought you’d find interesting. • The top reason buyers purchase a home is they want a place of their own. • Buyers chose homes fairly close to their last residence. In our […]
Local Market Updates Local Market Update – March 2017 Home prices are growing faster in our region than anywhere else in the country. After a brief slowdown last month, home prices in February jumped to new record highs. The reason? The lowest number of homes for sale on record. The surge in prices came well ahead of the normal seasonal spring uptick, adding even […]
Home Buying New Features vs. Character   We are often asked, “Which is the better buy, a newer or older home?” Our answer: It all depends on your needs and personal preferences. We decided to put together a list of the six biggest differences between newer and older homes: The neighborhood Surprisingly, one of the biggest factors in choosing a new […]
Local Market Updates 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 […]
Selling Your Home 3 Reasons to Sell Your House Now Thinking about selling your home? With inventory at historic lows, prices at or near record highs, and multiple offers common, it’s a perfect time to list your home. Here’s why: 1) The market significantly favors sellers. Last month, 53.6% of homes sold in fewer than 15 days. And 39% of homes sold for over asking […]
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