Real Estate Market

Real Estate Market New Formula for Real Estate Excise Tax The Washington State legislature is changing the way real estate excise taxes are calculated. Currently the WA state rate is 1.28 percent, with most cities adding .50 percent for a total of 1.78 percent. The new formula will take effect Jan 1, 2020.
Real Estate Market September Stats Home Prices on Seattle’s Eastside have risen slightly from September of 2018. Seattle’s prices have decreased slightly year over year. The month’s supply of home inventory has dropped from September of 2018, still showing a seller’s market.
Real Estate Market An Eye on Mortgage Rates House buyers are are turning their jog into a run to get the home of their dreams, as competition in our low inventory market is being stiffened by rising mortgage rates. As an article in the Business Insider explains with easy-to-read graphs, the downward rates that we've experienced the last few years gave us an […]
Real Estate Market Home Values are Going Up! Homeowners were happy to read the newspaper headline this week that said "Seattle home prices jump" as reported in the Standard & Poor's/Case-Shiller home-price index just released. The 3% rise from February to March and 10.6% for the year was the biggest since April 1990 — that's more than twenty years ago! These figures indicate […]
Real Estate Market The Housing Bubble Question I wish you and your family a peaceful Memorial Day holiday, as we remember the sacrifices of all of our Armed Forces servicemen and women who have worked so hard to protect our great country. As we celebrate the spirit of America, I'm happy to share good news from Matthew Gardner's report about Western Washington's […]
Real Estate Market Ready to Move? Now the housing market has turned the corner, many people are asking if it’s the right time to move to a larger home that will better accommodate their growing family. There’s also a large population of empty nesters who’ve been hanging on, waiting for the right time to downsize. Wait no longer – our current […]
Real Estate Market How to Stand Out in a Crowd As multiple offers become the “norm” in today’s low inventory housing market, it’s more important than ever to be the “most attractive homebuyer,” as a recent article in Fox Business News explains. Plan ahead, do your homework, and know that cash is king. Putting 20 percent or more down will make a difference, especially if […]
Real Estate Market MLS Forecasts “A Spring to Remember” In the Multiple Listing Service report released last week, an industry veteran forecast that Western Washington is set up for “a spring market to remember.” Before the daffodils even began to pop up, our February numbers show that closed sales were up 9% from a year ago and median home prices increased 13%. Housing continues […]
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Real Estate Market Realities of the Housing Market At Windermere Real Estate, we’re fortunate to have Matthew Gardner, considered by many to be the foremost real estate analyst in the Pacific Northwest, offer his quarterly analysis of the Western Washington real estate market. His fourth quarter 2012 report just released confirms the positive momentum that we’re seeing in our area, and forecasts that […]
Real Estate Market Waiting for spring? Contrary to the belief that spring is the “selling season” in real estate, industry experts say don’t wait – and give five reasons to list your house today. The law of supply and demand and forecast of inching up interest rates have brought an early spring to real estate. At a recent Windermere event, industry […]
Real Estate Market The Search for Homes is Heating Up The best answer to the question "When should I sell?" is "Anytime you're ready, houses sell 12 months a year." But in today’s market, the answer recently quoted in Forbes supports what we're seeing: Now is the best time to sell that we’ve had in years. Pending sales on the Eastside were the second highest […]
Real Estate Market What are your real estate goals in 2013? Windermere’s chief economist, Matthew Gardner, looked into his crystal ball, as he put it, and gave us good news about what’s in store for the housing market in 2013. One of the reasons why housing is looking so good, he explains, is that several buyer groups are expected to be more active in the market. […]
Real Estate Market Top-Ranked Seller’s Market We are the place to sell! Zillow has just ranked the Seattle area as the 9th best market for homeowners selling their home. This is no surprise, as we’re seeing homes here stay on the market for a much shorter time and sell at prices very close (or greater than) their last listing price. If […]
Real Estate Market Now is a great time to sell! In housing, the new “cliff” has become the height at which we’re going to take advantage of the seller’s market. Real-estate tax benefits, including mortgage interest and other write-offs, combined with increasing house values, low interest rates, rising rents, and growing confidence, is bringing a record number of buyers out. While we know that “location, […]
Real Estate Market Mortgage Debt Forgiveness Averts “Cliff” Congress’ “fiscal cliff” compromise is keeping the real estate industry on its recovery track, and even speeding up the process, according to many economists. In addition to holding tax hikes at bay for middle-income Americans, the settlement approved an extension that prevents distressed homeowners from being taxed on forgiven mortgage debt. The exception for “qualified […]
Real Estate Market What does 2013 have in store for the housing market? That’s the title of an article just published in Forbes Magazine that describes five things we can expect to see in the housing market this year, many of which are already happening in our local market. Here on the Eastside we’ve now seen 13 straight months of home value appreciation, and sales were up significantly […]
Real Estate Market Happy New Year! Welcome in 2013! As we celebrate the new year, it’s natural to think about resolutions. I’m excited about the positive forecast for real estate, and really connected with a resolution written in the Windermere blog posted this week. It said “At Windermere, our resolutions change very little year after year. That’s because the highest expectation […]
Real Estate Market Strong Local Market “Seattle-area home prices maintain upward march” was the headline at the top of last Sunday’s Business section of the Seattle Times, and something I can sure attest to on the Eastside. Seattle home prices (including King, Snohomish and Pierce counties) are up 4.8 percent from a year ago, as reported in the most recent Standard […]
Real Estate Market Real-Estate Investor Optimism Congratulations on your home investment! As our housing market continues making positive gains, so does the value of your home. Standard & Poor's/Case-Shiller data released last week says that homeowner equity jumped $406 billion, or 5.9% in the second quarter, to the highest level in four years. Home sales and prices also continue on an […]
Real Estate Market A Seller’s Market! It’s an exciting sight to see. “Sold” signs keep going up in our beautiful Eastside neighborhoods as buyers are quickly snapping up amazing homes from an incredibly limited inventory. Encouraged by continued record-low mortgage interest rates, rising rents, and gradually increasing home prices, buyers are tilting the demand for homes to tower over the supply. […]