It may feel as if the housing recovery is slowing to certain finality, but its overall health is still improving. Existing home sales have been declining monthly and new homes starts have fallen flat – but year over year, the local housing market is still showing growth. As we see areawide increases in price cuts and accessibility begins to improve, the market will continue to strengthen as affordability constraints ease up, even as mortgage rates continue to rise.
The Transition to a Buyer’s Market
Surges in both mortgage rates and demand, coupled with a lack of supply, brought steady hikes in sale prices in 2018. While 2019 will continue to bring healthy growth, home value increases will
Originally published December 21, 2018 at 6:01 am Updated December 21, 2018 at 9:23 am
A home for sale north of Seattle’s Roosevelt neighborhood has a sign added to the bottom informing buyers that the asking price has been lowered. (Greg Gilbert / The Seattle Times)
There are a lot of theories to explain King County's recent real estate cooldown — from interest rates to foreign buyers to Seattle falling apart — and the data shows some have merit while others are likely fiction.
Seattle Times real estate reporter
After years of skyrocketing home prices, why has King County’s real estate market begun going in the opposite direction?
Look at all of those beautiful lights!! It's a fact that glitter lights and colorful accents make a home look more cheerful and inviting!
The biggest benefit to listing your home at this time of year is that there is far less competition (reduced inventory) and buyers who are looking are SERIOUS! Not many "looky-loos" at this time of year.
Please call me and I will help you understand how to price your home in this shifting market.
Happy Holidays, Laura
Written by Jaymi Naciri
Thanksgiving means turkey and all the trimmings and family get-togethers and football and the Macy's parade and eating until you can't breathe. It also means you're going to be seeing your neighbors up on ladders in the next few days putting up their holiday
As we careen at warp speed from Thanksgiving, Christmas, and all of the joyous (read: stressful) festivities in between, you might be tempted to take your home off the market—or hold off on listing it—until after the new year. After all, you’re swamped with cooking, shopping, and decorating, and the last thing you need is a bunch of potential buyers traipsing through your house, right?
While it’s true the market is slower around the holidays, it’s also an excellent time to put your house up for sale. The market is slower mostly because fewer sellers are listing, but meanwhile buyers are sitting around with pre-approval letter in-hand just starving for inventory!
Simply put; It’s a huge, huge mistake to either remove your home
KIRKLAND, Washington (November 6, 2018) - Seven months of steadily rising housing inventory reversed course in October when Northwest Multiple Listing Service brokers added the fewest new listings since February, according to a new report. MLS members believe the onset of wintry weather and transition to the holiday season are factors, but suggested the slower pace also signals improving conditions for house-hunters.
"After months of inventory growth that more than quadrupled the number of homes buyers have to choose from, things got back on a seasonal track with new listings and total supply falling in October," said Robert Wasser, a director with Northwest MLS, when comparing those metrics with
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Inventory increases by 22.9 percent throughout Western Washington
King County leads inventory gains with 78 percent year-over-year increase.
Buyers could choose from 19,526 listings nearly double the inventory from February of this year.
KIRKLAND, Washington (October 4, 2018) – Housing inventory continued to improve during September while the pace of sales slowed in many counties served by Northwest Multiple Listing Service. “Balance is finally returning to the market, and with it, slowing home price growth,” stated OB Jacobi, president of Windermere Real Estate.
A new report from Northwest MLS shows double-digit increases in inventory in several of the 23 counties it serves, led by a
Home purchasers seeking to stand out in competitive housing markets should consider a mortgage professional based in the area.
Don’t discount the benefits of shopping local—even for a mortgage professional.
In tight housing markets where bidding wars are common, buyers who need financing can strengthen their offers by working with a locally based mortgage broker or loan officer, real-estate agents and lenders say. “Getting a local person helps you over certain humps—it just really does,” said Laura Hodgson, a real-estate agent with The Cascade Team , who works in The Greater Seattle Area, and keeps a list of trusted mortgage pros on her website HERE.
Agents want to work with buyers whose lenders know the local market and have a record of