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Market Conditions

Found 691 blog entries about Market Conditions.

About eight of every 10 millennial renters want to purchase a home, but nearly three-fourths of them (72 percent) can't afford to do so, according to a survey by Apartment List. Among respondents in a recent survey, 67 percent said they plan to wait at least three years before buying a home.

A comparison of metro areas shows Ogden-Clearfield, Utah with the largest percentage of millennial homeowners. Abodo an apartment locator site, found 51 percent of young adults in that metro area own a home, well above the national figure of 32.1 percent. The study showed Seattle in 30th place among large cities (102nd place overall), with only 29 percent of millennials being homeowners.

Rounding out the top five metro areas with the highest rate of

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Attention Real Estate Brokers: Buyers and Sellers are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email.

A hacker may break into a real estate licensee’s email account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a close, the hacker may send an email to the buyer, posing either as the escrow agent or as the licensee. The fraudulent email may contain new wiring instructions or routing information, and request that the Buyer send funds accordingly.

With scammers increasingly targeting real estate transactions, the National Association of REALTORS® is teaming up with the

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This graph shows the medium sales price in 98074 in the dark color and 98075 in the green color. The median price increased in 2017 by 11.1% (98074)and 11.7% (98075) showing a strong increase in prices. The median home price in 98075 is $1.050.000 and in 98074 is $900.000 for all residential sales.

 

This graph shows the amount of inventory in months which decreased in 98074 (1.3 to 1.1 ) and stayed the same in 98075 (1.3). This statistic shows that we are still in a sellers market. If no more inventory came on the market, there would be less than a month and half of inventory. A balanced market is when there is 4-6 months of inventory, which is not something we will be seeing anytime soon.

 

What does this all mean for you?

It is even more

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  •  Households in the Seattle-Tacoma-Bellevue metropolitan area of Washington state spent an average of 33.4 percent more than the average U.S. household, a new federal study found. The study, conducted over the past two years for the U.S. Bureau of Labor Statistics, found that the average household in the Seattle metropolitan area spent $74,723 per year, significantly more than the $56,648 average expenditure level for households in the United States. The study also found that annual household income in the Seattle area averages $104,475 - which is also considerably higher than the national average of $72,156. Housing is the largest expenditure category for Seattle-area households, the research showed, averaging $24,993 per year - about a third
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Trying to decide when to plunge into the real estate market can be quite intimidating—especially when prices are high, choices are limited, and history urges restraint.

Locally we’ve seen two or three years of what could be considered unprecedented levels of price appreciation, as well as an inventory shortage that resulted in a record-low number of homes for sale across Western Washington.

See: 2018 Real Estate Market Trends - Seattle Area Prices Continue Upward March

If there’s one thing most early forecasters agree on, it’s that home prices will continue to rise. Where they differ however, is how much they will rise.

The median price of a home across the Seattle metro area has now soared 80 percent since bottoming out five years ago,

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Is Magnolia a neighborhood for the working class of Seattle or just the top 2%?

Below is the last two years real estate growth for the Magnolia neighborhood for homes priced 2 million and less.  Not bad growth considering it was above the median price range to begin with for entire Seattle area however Magnolia is actually below other Urban neighborhoods like Queen Anne and Capital Hill and I believe there is definitive room for growth once people realize the upside of the neighborhood. 

 

Each week I am going to take a closer look at the market conditions of neighborhoods in the Seattle area.  This week I am going to start off in my own neighborhood Magnolia.  I consider Magnolia unique because it really is off the grid in many ways and seems to

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We're thrilled to be opening a new office in the wonderful city of Coeur d'Alene! 

Located at 410 E Sherman Suite 200 Coeur d’Alene Idaho 83814, our new office will allow us to hit the ground running in this exciting new market.

When it comes to Coeur d'Alene's future, everything points in one direction: up.

The city population will go up. New, taller buildings will be built up. The demand for housing, and housing prices overall, will go up.

Coeur d'Alene is the fastest-growing metropolitan area in the fastest-growing state in the nation, U.S. Census Bureau data show. That metro area, the 11th fastest-growing area in the country, includes Coeur d'Alene, but also the rest of Kootenai County — Post Falls, Hayden, Rathdrum, Athol.

The city

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With unprecedented growth the last 2 years and 2018 showing no signs of slowing down due to record low inventory and low Mortgage Interest Rates now is actually an actually excellent to buy and sell depending on you needs and future goals.  Contact me for more on how I can save you money Buying a home or Selling your Property.

 

 

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Today was the 1st day of classes for the "New Market Reality" course. Thank you to everyone who could attend and I'm looking forward to seeing everyone signed up for tomorrow as well!

Not that long ago, real estate agents were in the business of providing information. In fact, you can probably remember a time when all real estate professionals did—the only value we thought we had—was giving information.

What’s for sale, what’s on the market, what’s the pricing of similar homes, etc.

Back then, to protect our value, we locked away this information in a fortress called the MLS. If any person outside of the real estate business tried to reach into our fortress and grab a slice of that data, we were trained, like guardians outside the gates, to

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It seems that just when you think you have the real estate market figured out, it changes. Not so long ago many real estate agents were juggling short sales, but today in many areas they are now grappling with multiple offer situations.

Multiple offers are here to stay as inventory levels continue to decline due to the lack of new construction and the disappearance of short sales and foreclosures. Buyers and investors are coming out in droves buying up everything with a For Sale sign. And in response to this, smart real estate agents have brushed up on their multi-offer strategies to give their buyers the edge they need to win. Sometimes it is not just about the offer amount, and it is the real estate agents job to figure out what that edge

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