Millennials, 18-35 years old, are dominating the home buying sphere as they are now the largest share of new home buyers. Their entrance into this sphere, however, has not been easy. Median earnings for Millennials are just 20% of their Baby Boomer parents. Student debt is at historical highs. And, with relatively little or no inventory of homes for sale and rising prices, some Millennials may only get to dream about home ownership rather than become home owners.
There are, however, Millennial buyers. The 2017 State of the Nation’s Housing Report by the Joint Center for Housing Studies at Harvard University indicates that 1.4M Millennials became recent home buyers in 2016. This is a slight surge from the numbers of Millennial buyers in 2015 but
Housing demand continues to increase as buyers of all ages tread the waters of home shopping, but real estate agents aren’t as busy writing offers and the key driver for this trend, according to a CNBC report, just might be prices.
Buyers continue to request tours and visit open houses at the same rate as they did in May, but fewer are making an offer. According to Redfin, real estate brokerage which surveyed 15 major metropolitan housing markets, 11 percent fewer potential buyers made offers in June, compared to May. According to Nela Richardson, chief economist at Redfin the same trend is occurring throughout much of the nation.
“In this market, home buyers have to move fast, yet high prices and low inventory are slowing down even the most earnest
Born and raised in California, I am currently enjoying the different communities and beauty of the great North West. I am a Real Estate Business Major. I have a strong skill for listening to the needs and desires of you, the clients, thanks to my Hair Styling career of 20 yrs. My mission in Real Estate is to commit myself to you, the people of the community, with the utmost integrity, and respect, to bring you my skills and knowledge of the Real Estate Business. Together we can achieve success for you, the client. You are who and what matters to me while listing, searching, helping and answering questions. Real Estate moves me, the possibilities each property has is extraordinary and I have
A new survey found 71 percent of Washington adults think a housing bubble is coming. New York, Florida and California residents were the next most likely to fear a housing bubble.
The biggest concern we here from buyers, sellers and even many agents in this market right now is, “bubble.”
Home owners and long term residence still vividly remember the 2007 crash that lasted well into 2011. For buyers many see bidding wars on almost every property, and home owners nervously watch the prices ticking up and wonder; "How much longer can this go on?”
Now a new national survey finds that 71 percent of adults across Washington are worried about a housing bubble and think prices are overvalued and unsustainable. That’s the
Zillow’s test of its new initiative for home sellers called Instant Offers is expanding beyond its initial two markets and moving into Phoenix, the Seattle-based real estate tech company announced on Wednesday.
In addition to dotloop (transaction management and e-signatures), Zillow Group also owns Diverse Solutions (IDX provider), Market Leader (CRM), Postlets (listing advertising) and, of course, its search portals Zillow, Trulia, StreetEasy and HotPads.
Zillow now has a new program called “Premier Agent Assist” where it will provide the initial and continued follow-up for 30 days on new leads to help its Premier Agents increase their conversion rates.
Zillow has publicly stated that it has no intention of going into the
When your seller receives multiple bids on their property, the highest offer shouldn’t always be their default choice. If it comes with an appraisal contingency—and the appraised value doesn’t match the sale price—your seller could be back at square one, looking for another buyer.
With King County home prices surging nearly $100,000 just this year to a record $599,000 in June—home prices in many markets are escalating so quickly that appraisals can’t keep up. That’s why real estate professionals may need to have more conversations with their sellers about appraisals.
“Any time prices move up fast, the actual appraisal process can lag behind because [appraisers] are looking back in history, not forward into the future” to determine appraised
KIRKLAND, Washington (Aug. 7, 2017) – New figures from Northwest Multiple Listing Service indicate home sales and prices, like July’s temperatures, sizzled. Prices area-wide rose slightly more than 9 percent from a year ago, but several counties near job centers saw larger price increases, including King County where the median price jumped 18.6 percent.
The latest report confirmed what most buyers and brokers know: inventory shortages persist even though MLS members added slightly more new listings last month than the same period a year ago.
“We should be entering the summer doldrums, but I don’t see that happening,” reported Diedre Haines, principal managing broker-South Snohomish County at Coldwell Banker Bain in Lynnwood. “Inventory remains
Security is one aspect of our homes that we should never overlook. Instead, home security is something that we need to constantly evaluate and improve upon. There’s always an opportunity to improve the security of our homes; we just need to know where to look.
Here are some common mistakes that homeowners commit when it comes to home security, as well as some tips to make sure your home is always secure and your family is always safe.
1. Hiding a Spare Key Outside This should go without saying, but you should never leave a spare key outside your home. Experienced burglars will know all the common hiding places, so just avoid it altogether.
If you absolutely need a backup plan to enter your home, consider giving a spare key to a trusted neighbor or
23 Violent crimes per 100k
749 Property crimes per 100k
The first city from the west coast on the list is Sammamish, Washington. This city on a plateau has a population of 52,365. It was named after Lake Sammamish; however, Beaver and Pine lake are the biggest lakes in the area. In fact, Beaver lake had a famous lifeguard teacher in the 1950s, Clint Eastwood. The city contains no major interstates within its limits but is a short commute to many big employers such as Costco and Microsoft.
Sammamish has secured the No. 5 spot in a new report over the safest cities in the U.S.
The Top 100 Safest Cities in America announced for 2017 report looked at crime rates in 764 cities.
Paddle boarders on Puget Sound in July 2014. Seattle has recorded only three 100-degree days since 1894, but it may add a fourth on Thursday. Credit Elaine Thompson/Associated Press
Much of the country is used to occasional 100-degree days. Seattle, which has had just three in the past 123 years, is not.
So unaccustomed is Seattle to scorching heat that, in 2015, only one-third of the housing units in its metropolitan area had air-conditioning.
That’s going to make this week dangerous.
The National Weather Service is predicting “widespread record highs” as a heat wave engulfs the Pacific Northwest. An excessive heat warning is in effect from 2 p.m. on Tuesday through 9 p.m. on Friday. Seattleites can expect temperatures in the mid-80s to
(Zillow Image)
