Real Estate Trend

Homeowner Tips 2021 Home Trends Ready for a fresh start in 2021? With home still the place to be, refreshing your indoor and outdoor living spaces can make a big difference in your everyday life. The stresses and challenges of 2020 have influenced the trends of 2021 with a turn toward comfort, nostalgia and independent spaces to work and play… […]
Housing Market How Did Seattle Real Estate Fare in 2020? Our local real estate market overcame all odds in the surreal and tumultuous year laid at our doorstep. Despite many economic woes, home sellers were the big winners in 2020 as too few homes for sale could not keep up with increased buyer demand, leading to the most aggressive multiple offer bidding wars we have […]
Archive Q3 2020 Reports: Market Update   The volume of Q3 transactions made up for Q2’s fewer sales and then some. Truth be told, the market could have absorbed twice the number of transactions, if only there were more homes on the market to sell. Too few homes for sale is the defining character of the Q3 Seattle region real estate […]
Housing Market Home Buying Trends Emerging from COVID-19 Coronavirus has made many of us rethink what is important to us…and our homes are no exception. According to the National Association of REALTORS® (NAR), the top feature desired by buyers is now a home office (or even more than one). 22% of buyers are less concerned about their commute, which means homes in affordable […]
Archive Q2 2020 Reports: Market Update   Q2 was a story of resilience for the Seattle market. It began with our region fully entrenched in a new normal amidst the COVID-19 pandemic, but ended with a strong seller’s market and historic low interest rates. Buyers have returned in droves to battle for the limited supply of homes for sale. With a […]
Archive Q1 2020 Reports: Market Update   As we are fully entrenched in a new normal amidst the COVID-19 pandemic, it is important to note that the Q1 stats you see are based on pre-coronavirus closed sales activity and therefore largely untouched by our current market reality.   While Q1 serves as a pre-coronavirus benchmark, Q2 and Q3 will more accurately […]
Homeowner Tips 2020 Home Trends   With 2020 now in full swing, we’re seeing some clear shifts in how homes are being designed and decorated. Most notable for our area is the Modern Farmhouse trend with its juxtapositions of old & new, light & dark, and clean & rustic. Softer grey and lagom neutrals are here to stay, but are […]
Archive Annual Seattle-Eastside Real Estate Report: A Look Back at 2019   A strong local employment sector, very low mortgage interest rates, and the most balanced market we’ve seen in two decades each contributed to increased sales velocity in 2019.   While the number of homes for sale increased overall in 2019 as compared to 2018, the higher rate of sales throughout the year resulted in […]
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Archive Q3 2019 Reports: Market Update   Q3 was the most stable and balanced market we have seen in years. With very low mortgage interest rates compelling buyers to act and fewer homes for sale than we saw last fall (when a flood of homes came to market), buyers and sellers are each finding their own place in a more equitable […]
Archive Q3 2018 Seattle-Eastside Real Estate Report   As Q3 comes to a close, 30-year fixed-rate mortgages are at their highest levels since April 2011—now averaging just above 4.7%. Even so, they are still far lower than their 30-year trendline. A 1% increase in mortgage interest rates decreases buying power by 10%. Or said differently, a 1% rate increase has the same […]
Archive Q1 2018 Seattle-Eastside Real Estate Report   Q1 prices in the Seattle-Eastside region have escalated yet again with no sign of slowing in the immediate future. An unprecedented lack of inventory for sale coupled with rising interest rates has prompted buyers to compete with reckless abandon to win the prize of their very own home, albeit with a steep price tag. […]
Booming Seattle Eye on the Market_May 2017 Our market has no shortage of qualified buyers and properly priced, listings in most area are selling quickly. In some neighborhoods, homes are selling, on average, in less than 30 days. Our strong regional economy includes global companies that are attracting workers to our region. These companies impact our local market simply by where they […]
Booming Seattle One month after Brexit, its impact on US housing market When Britons voted to leave the European Union on July 23, 2016, in a referendum commonly known as Brexit, the impact on the British economy — and on Europe’s too — was immediate. Here across the pond, though, it’s not been totally clear how Brexit would affect the U.S. economy, and in particular interest rates […]
Election How will the 2016 Election Impact the Housing Market? "Absolutely will!" " Depending upon who occupies the Whitel house in 2017. Historically speaking home prices continue to go up through an election year and indeed the year thereafter. However the rate of growth certainly slows. We can see a very robust price growth in 2016, however 2017 will be another matter entirely."  "Wall Street is […]
Booming Seattle Seattle will host 2018 Special Olympics USA Games On Thursday May 12th, Seattle officials announced to host the next Special Olympics USA games in July 2018, which will mark the games' 50th year since its first International Special Olympics in 1968 in Chicago. It is anticipated to have 3500 athletes from 50 states to come over to Seattle from July 1-6, 2018. University […]