Archive for the ‘Finance’ Category

Three Year Real Estate Wave Projected

Posted: April 15th, 2015 by Brad

The real estate industry is expected to further strengthen this year and continue to get stronger through 2017, according to a new report released from the Urban Land Institute Center for Capital Markets and Real Estate, which is based on a survey of the industry’s top economists and analysts. Survey respondents said that the residential, [...]

Interest Rates to Rise in June

Posted: April 15th, 2015 by Brad

The Federal Reserve is signaling that it will likely take action on increasing interest rates in two months, despite recent data that shows a weakened economy. The move would be the first rate increase since 2006. Two of the central bank’s officials said that disappointing job growth, manufacturing activity, and retail sales over the winter [...]

Happy 2015! Market Predictions

Posted: January 14th, 2015 by Brad

We’re optimistic it will be a happy new year. The economy continues to pick up steam as the job market strengthens and oil prices plummet. Of course the only constant is change and our market is dynamic. The following are our predictions for the year ahead for our regional real estate market: 1) Foreclosures – [...]

Year In Review

Posted: December 10th, 2014 by Brad

Last January we made some predictions for this year, which we posted to our blog available via the following link: http://justrealseattle.com/2014/01/new-year-predictions/. The following five bolded statements were our 2014 market predictions with descriptions of what the market actually did this year. 1. Inventory Should Gradually Stabilize and Return to Traditional Seasonal Levels Perhaps this was [...]

News in Brief

Posted: August 13th, 2014 by Brad

Last year, Seattle grew faster than any other major American city, according to population estimates recently released by the Census Bureau and reported by the Seattle Times. From July 1, 2012 to July 1, 2013, Seattle grew by 2.8 percent – the highest rate among the 50 most-populous U.S. cities. Seattle added nearly 18,000 residents [...]

Hot Summer Market

Posted: July 16th, 2014 by Brad

Listing activity increased during June. Yet strong job growth in the Seattle/King County region has brokers predicting brisk sales with competitive bidding throughout the summer. Figures just released by Northwest Multiple Listing Service for June activity show gains from a year ago on several key indicators, including inventory, pending sales, closed sales, and prices: Brokers [...]

Luxury Market Report

Posted: April 10th, 2014 by Brad

Luxury home sales are alive and well in King County. Luxury refers to residential real estate valued at $750,000 or greater. Whether homes or condos, the luxury market appears to be well balanced between buyers and sellers with inventory around three and a half to five months of supply. The following stats provide a quick [...]

Ideal Conditions for a Seller’s Market

Posted: April 10th, 2014 by Brad

Northwest Multiple Listing Service (MLS) brokers reported 507 fewer pending sales during February than the same month in 2013, but members opine the 6.5 percent decline isn’t due to a shortage of buyers.   “We just don’t have quite enough homes on the market to meet current demand,” Keller Williams’ Brad Davis said. “Nearly 20 [...]

Federal Housing Finance Agency Gets New Leader

Posted: March 13th, 2014 by Brad

Mel Watt was sworn in as the head of the Federal Housing Finance Agency (FHFA). Many in the mortgage industry believe Watts’ confirmation signals a new shift in U.S. housing policy with greater access to credit, Reuters reported according to Tom Kelly. “Today’s housing finance system is one of the keys to our economic recovery,” [...]

Posted In: Blog, Finance

Luxury Home Sales Robust

Posted: February 20th, 2014 by Brad

The luxury-home market is booming across King County. According to the MLS, there were 1,426 sales of $1 million-and-up homes last year, about 50 percent more than in 2012. The highest price paid for a single-family home last year was $9.75 million for a Medina mansion, while a Seattle penthouse sold for $6.2 million.

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