After several years of Great Recession uncertainty, it’s becoming more apparent confidence, which fuels the market, is on the rebound. To understand what this may mean for our housing market, let’s look at historic trends. After all, the best predictor of future behavior is past behavior. Recession 1981 – 1982 (1 year 4 months) Recovery [...]
Home as Investment
Posted: May 3rd, 2012 by BradIt’s often said homeownership is the American dream and the safest place to invest one’s earnings. No doubt, owning real estate for most is the single greatest purchase endeavor they’ll undertake in their lifetime. Whether real estate is a good investment depends primarily on one variable factor; time. Many homeowners were injured by the [...]
Tips for Buying in a Seller’s Market
Posted: April 23rd, 2012 by BradA shift to a seller’s market is becoming more apparent within many of Seattle’s more popular in-city neighborhoods, which often have low inventory. Here are some helpful tips to help buyers successfully navigate more competitive real estate market areas: 1) Be vigilant – Watch the market like a hawk. If you have a pro-active agent, [...]
Seattle Market on the Mend
Posted: April 6th, 2012 by BradAll signs point to a robust housing market recovery. Foremost, home builder confidence in the market for new single-family homes increased for the fifth consecutive month in February, reaching the longest period of sustained improvement since 2007. The index, as measured by a National Association of Home Builders’ survey, rose from 25 to 29 on [...]
Housing Market Heats Up
Posted: March 7th, 2012 by BradAccording to statistics released Monday by the Northwest Multiple Listing Service, Seattle median home prices rose three percent year-over-year. Buyers have fewer homes to consider as the total number of houses and condos on the market last month decreased by 32 percent in King County and by 38 percent in Seattle from February 2011, according [...]
Our Healing Housing Market
Posted: February 8th, 2012 by BradPending sales may not appear to be much higher than 2011 (up 13.7 percent in January), but the numbers are very positive, especially considering such factors as harsh weather and the tax credits that boosted sales at this time a year ago. The latest figures from Northwest Multiple Listing Service show pending sales in January [...]
Seattle’s 2011 Market Review
Posted: December 11th, 2011 by BradOur region’s year over year real estate sales have increased by 36.2 percent, according to Kirkland-based Northwest Multiple Listing Service (NWMLS). One of the sub-markets with vigorous activity is North Seattle. The number of homes currently in escrow nearly matches
Seattle’s 5 best buy neighborhoods
Posted: December 11th, 2011 by Just Real SeattleAs a follow up to our November post about Seattle’s 10 hottest neighborhoods, we thought it important for everyone to know it’s not all about the north end. While some neighborhoods may have shorter selling times, other neighborhoods may have more ammenities, better commute proximity and greater affordability. Here are our top five affordable in-city neighborhood picks: 5.) Georgetown [...]
Off-market modern sale
Posted: December 7th, 2011 by Just Real SeattleThis is a story about finding that proverbial “needle in a haystack.” Our current Seattle housing inventory is becoming increasingly lean, making it that much more challenging to find one’s ideal home. Of course the more specific the home, the greater the challenge. In this case, we had relocation buyers who desired either a mid-century modern or a modern newer construction, single family home. Every now [...]
Seattle’s 10 hottest ‘hoods
Posted: November 3rd, 2011 by Just Real SeattleSan Francisco is the only U.S. city where homes sell faster than they do in Seattle. Neighborhoods where homes are selling faster also have lost less value over the past five years. Homes may be selling faster because they’re holding their value better or holding their value because they’re more popular (and, so, selling faster). [...]
