Uncategorized 2019 Economic and Housing Forecast 2019 Economic and Housing Forecast  By Matthew Gardner, Chief Economist, Windermere Real Estate  What a year it has been for both for the U.S. economy and the national housing market. After several years of above-average economic and home price growth, 2018 marked the start of a slowdown in the residential real estate market. As the […]
Uncategorized Holiday Happenings in the Seattle Area 2018 2018 Holiday Happenings in the Seattle Area Our Northwest holidays may be wet, but they’re still bright!  Make the most of the season with Seattle favorites—such as dazzling light displays and the Parade of Boats—along with new additions like the “Enchant” event with light mazes and ice skating inside Safeco field.  Scroll down for all […]
Market Update Commute Home…How Far Are You Willing To Drive? Commute vs. Home Price Trade-Off: How Far Are You Willing To Drive? Author: Windermere Eastside, reposted by Caleb Jessup x Windermere Would you be willing to swap a longer commute time for a lower monthly mortgage payment? With prices of homes near city centers skyrocketing, many buyers are rethinking their priorities and choosing to “keep driving […]
Market Update Local Market Update – July 2018 The local real estate market looks like it might finally be showing signs of softening, with inventory up and sales down. More sellers have opted to put their homes on the market. Inventory was up 47 percent in King County and price increases were in the single digits. Despite the increase in inventory and slowdown […]
Uncategorized What to Expect From Property Taxes in Washington State in 2018-2019 Why have property taxes gone up so much in Washington State this year and what can we expect them to do in 2019? Windermere Chief Economist Matthew Gardner answers the question that many homeowners are asking. This post originally appeared on the Windermere Blog.
Uncategorized Local Market Update – June 2018 Local Market Update – June 2018 Last month brought some long-awaited, positive news for buyers with May posting the most new listings in over a decade. Despite the uptick in inventory, most homes are selling in less than a month. Prices haven’t been impacted either, with the majority of the region continuing to experience double-digit home […]
Market Update Local Market Update – April 2018 Despite the typical seasonal surge in new listings, supply in our area continued to fall far short of demand in March. With just two weeks of available inventory in every market, competition for homes is intense. The result was another month of double-digit price increases as compared to a year ago. The region has now […]
Market Update Local Market Update – February 2018 With competition for homes growing and inventory shrinking, the real estate market in January was as hot as ever.  Home prices were up by double digits as buyers chased severely limited inventory. The number of homes for sale hit a record low for the month of January, which should strongly favor sellers as we move […]
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Uncategorized Tesla, Home Depot and the Eastside? (probably not) With the Tesla announcement last week to start selling Powerwalls and Solar panels at over 800 Home Depot stores, I started playing around on the website to check out how much it would really cost if I wanted to have a Tesla roof installed here on Seattle’s Eastside. With our current market conditions making it […]
Market Update Local Market Update – January 2018       2017 closed out the year with historically low inventory and record-breaking price gains. A strong local economy and brisk population growth has helped fuel a steep discrepancy between supply and demand. As long as this imbalance remains, 2018 is on track to remain a very strong seller’s market.  Eastside Click image to […]
Market Update Local Market Update – December 2017 It looks like we’re skipping the normal holiday slowdown this season with brokers reporting crowded open houses and competitive bidding in many areas. However, since sellers who list their homes at this time of the year are usually motivated to move soon, the holidays are still a good time to buy. Some of the best […]
Market Update Local Market Update – September 2017 High demand and low supply made it the market’s hottest August since records began in 2000. Sparse inventory was again the norm, as were multiple offers. However, brokers are cautioning sellers to price their homes correctly. Most buyers have been in the market a long time and are well educated. Overpriced listings are not getting […]
Market Update Local Market Update – August 2017 Instead of experiencing the typical summer seasonal slowdown, the real estate market in July was as hot as the weather. For yet another month, our area had the distinction of seeing home prices rise faster than any other market in the country. Buyers were hit with a double whammy – soaring prices and the continuing […]
Market Update Are WE in a Housing Bubble? As home prices in King County have reached record highs, some people are wondering whether we are approaching another housing bubble. While it’s true that home prices here have surpassed the last peak hit during the housing bubble, that doesn’t mean we are in bubble territory today. The last bubble was fueled by faulty mortgage […]
Market Update Local Market Update – May 2017 The local real estate market—already the hottest in the county—set yet another price record in April. The number of homes for sale dropped 27 percent compared to a year ago, the lowest amount of inventory ever recorded for a spring month. The historically low supply of homes is making competition among buyers fierce. Sellers are […]
Market Update Local Market Update – February 2017 Local Market Update – February 2017 The local real estate market remains very hot with extremely low inventory and prices that are rising faster than anywhere else in the country. However, that rate of price growth appears to be cooling from last year, dropping to its slowest pace in three years. Predictions of more interest rate […]