Early January, Microsoft publicly pledged $500 million to address homelessness and the growing gap of affordability among the Puget Sound region. This after the announcement of plans for a massive expansion of its Redmond headquarters sparked talks with Challenge Seattle.
The company plans to add 2.5 million square feet of new construction, and 6.7 million square feet in renovations. Microsoft is estimating an additional 8000 employees after the project is complete.
The pledge is the largest in the history of Microsofts 44 year run. It is also the largest pledge to public housing by any private organization thus far! Microsoft President, Brad Smith, explained how the pledge will benefit workers who “teach our kids in schools, and put out the fires
Although consumer confidence seemed low in January with only 15 closed sales in Snoqualmie, and 20 in North Bend in what I feel is mainly due to the government shutdown; the market looking strong for sellers and buyers!
The Federal Open Market Committee (FOMC) voted to leave policy rates unchanged earlier this week during what was one of only eight regularly scheduled meeting the FOMC holds per year. Signaling that we may not see any further rate hikes this year.
Rates are still low by historical standards! Purchasing a home 10 or more years ago, chances are we were paying a much higher rate. Keep in mind we are still continuing trade talks with China and March 1st is the deadline for an agreement. However, with rates
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
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 78 percent year-over-year gain in King County. Despite improving selection in the central Puget Sound region, a dozen counties reported drops in the number of active listings compared to last year.
System-wide, the month ended with 2.56 months of supply
Seattle-area home prices dropped more than anywhere else in the country, according to the new Case-Shiller home price index released Tuesday. The index showed the region’s largest monthly drop in home prices since the late stages of the housing bust.
Just this past May – which in hindsight appears to have been the peak of the current market – homes in Seattle were selling on average for 6.3 percent above the list price. Now, they’re going for 0.6 percent below asking.
The actual list price of homes is dropping at a similar rate. In all, sales prices have dropped nearly 7 percent, or $55,000, in Seattle since the spring.
The last time the average home here sold for below list price was during a brief lull at the end of 2014.
Cary W Porter Designated Broker & Owner 425.891.7447 Schedule a Showing Request More Info
Ideal location! Updated large two-bedroom condo w/ partial view of South lake Union, is a fantastic opportunity to own close to all the downtown activities & businesses. With new carpet and paint, this roomy home features a large living room, wood burning
Woodrige is a very popular neighborhood in Bellevue near Factoria, the freeways and easy access to Seattle and is a community of 5,116 (2010 census) within Bellevue, WA. It includes the neighborhoods of Woodridge and Norwood Village and accounts for about four percent of the City of Bellevue. After World War II, most of Woodridge was an undeveloped tangle of blackberry vines, trees, and undergrowth. The area was developed over the next two decades, and was annexed by the city of Bellevue in 1966.
Woodridge Bellevue Homes for sale prices range from the mid $400's on up to the low $1M's. The Woodridge community belongs to the great Bellevue School District. To see what school a specific address would be
Let’s check in again on the cheapest homes around Seattle proper. Here’s our methodology: I search the listings for the cheapest homes currently on the market, excluding short sales, in the city of Seattle proper. Any properties that are in obvious states of extreme disrepair based on listing photos and descriptions will be excluded. This includes any listing that uses the phrases “fixer,” “rehab loan,” or “value in land.” I post the top (bottom) three, along with some overall stats on the low end of the market.
Please note: These posts should not be construed to be an advertisement or endorsement of any specific home for sale. We are merely taking a brief snapshot of the market at a given time. Also, just because
Now that we’re already a full month into 2015, let’s have a look at our monthly stats preview. First up, here’s the snapshot of all the data as far back as my historical information goes, with the latest, high, and low values highlighted for each series:
Listings inventory hit another new all-time low in King County in January. Listings are still falling in Snohomish County as well, but are still slightly above their early 2013 lows. Meanwhile, sales fell dramatically month-over-month in both counties, as is fairly typical for this time of year. Year-over-year sales were up just slightly in King County, but down in Snohomish. Foreclosure notices declined from 2014 in both counties.