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Living EASTSIDE 2020 GROWTH FORECAST Another banner year for the region has brought tremendous prosperity across a breadth of industries, a wealth of new jobs, flourishing tourism, and the welcoming of several large businesses into our cities.  So, how is the Eastside poised to begin a new decade? Will this growth continue? To find out, 425 Business ditched the crystal […]
Market News 2020 Economic & Housing Market Forecast As we head toward the end of the year, it’s time to recap how the U.S. economy and housing markets performed this year and offer my predictions for 2020. U.S. Economy In general, the economy performed pretty much as I expected this year: job growth slowed but the unemployment rate still hovers around levels not […]
Market News Eastside Market Report | October 2019 | Provided by Denni Shefrin The median price of a single-family home on the Eastside was $935,000 in August, unchanged from a year ago and up slightly from $925,000 in July. New commercial and residential construction projects are in the works. Strong demand for downtown condos has prompted plans for yet another high-rise tower to break ground next year. Questions? […]
Market News Western Washington Real Estate Market Update Q3 The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist, Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact me.   ECONOMIC OVERVIEW Washington State […]
Market News Eastside Market Report | August 2019 | Provided by Denni Shefrin The real estate market continued to moderate in July. Inventory rose and home values softened, providing buyers with increased selection and more favorable pricing. Get the full report here.
Market News Q2 Western Washington Real Estate Market Update The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please contact me!   ECONOMIC OVERVIEW Washington State employment jumped back […]
Market News Eastside Market Report | July 2019 | Provided by Denni Shefrin The market in our region appears to be moderating. Inventory is up, prices are relatively stable and homes are taking a bit longer to sell. However, with less than two months of available inventory, supply is still far short of demand. Steady buyer activity, low interest rates and a thriving economy are making for a […]
Market News Eastside Market Report | June 2019 | Provided by Denni Shefrin Copy Copy The pace of the housing market gained momentum in May, bringing an uptick in open house traffic and offers. A drop in interest rates and increased inventory were great incentives for buyers. Despite the increase in supply there is less than two months of inventory available – half the national average and far short of […]
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Market News The Housing Market in 2019 The last time we saw a balanced market was late 1990s, meaning many sellers and buyers have never seen a normal housing market.  Windermere Real Estate’s Chief Economist Matthew Gardner looks at more longer-term averages, what does he see for the future of the housing market?  
Market News Eastside Market Report | May 2019 | Provided by Denni Shefrin Copy   The spring home buying season started early this year. Open houses had increased attendance and bidding wars returned. After months of softening, home prices in most of the region jumped significantly from the prior month. With just one month of data, we’ll have to wait and see if this is the start of a […]
Market News The Q1 2019 Western Washington Gardner Report View Full Report As Chief Economist for Windermere Real Estate, Matthew Gardner is responsible for analyzing and interpreting economic data and its impact on the real estate market on both a local and national level. Matthew has over 30 years of professional experience both in the U.S. and U.K. In addition to his day-to-day responsibilities, […]
Market News Eastside Market Report | April 2019 | Provided by Denni Shefrin   After months of softening, home prices began to rise in February. That trend continued in March. While prices in most areas were down from the same time last year, they increased over the prior month. New listings rose as well, offering buyers more options and more time to make the right choice. Despite the […]
Market News Matthew Gardner 2019 Housing Forecast
Market News Scarce listings drive King County home prices to new highs   The median price of single-family homes sold in King County hit a new all-time high last month — $514,975 — amid record-low inventory, heralding even more intense bidding wars ahead in the typically busy spring home-buying season. Ominously, the more affordable Snohomish and Pierce counties also face a historically low inventory level, according to […]
Buying Seattle metro-area home prices up nearly 10 percent in a year Seattle-area home prices surged in December, posting the fourth-highest annual gain among 20 metros, according to the S&P/Case-Shiller 20-city index released Tuesday. The average price of existing single-family homes sold in King, Snohomish and Pierce counties climbed 9.9 percent over the year in December, its fastest pace in 2015. In the 20-city index, Seattle trailed […]
Market News No Need To Panic About Rising Interest Rates   This article originally appeared on Inman.com    After seven years of some of the lowest interest rates in recorded history, the Federal Reserve has decided to raise the key Fed Funds Rate by 0.25 percent, which is causing some to be concerned that it will lead to a jump in mortgage rates and negatively impact […]
Market News No national bubble in sight, but there are some frothy markets   This article originally appeared on Inman.com  Earlier this year, I wrote an article called “No housing bubble in sight — for now” in which I shared my belief that the nation, as a whole, is not currently at risk of seeing another housing bubble. However, I did qualify that statement by saying that I was noticing some “frothy” […]
Market News Local Market Update – November 2015 The hot real estate market shows little sign of slowing down. Home prices continued to move upward. With the number of pending sales exceeding the number of new listings, the supply of homes is falling well short of demand. The inventory of homes in the Puget Sound area is 23 percent less than a year […]
Market News Know Before You Owe: Making the Mortgage Process Easier for You This is a great piece from the Consumer Financial Protection Bureau. Learn about the new federal changes enacted this month that add tons of transparency to the mortage loan disclosure process! As always, your comments are welcome! http://www.consumerfinance.gov/blog/know-before-you-owe-making-the-mortgage-process-easier-for-you/
Market News Local Market Update – October 2015 Strong sales continue to whittle down a dwindling supply of homes. The lack of supply to meet demand kept driving home prices upward in September. While the Puget Sound area saw steady appreciation over a year ago, there are signs that that the frenzied level of growth may be starting to moderate – good news […]