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Found 15 blog entries tagged as housing market.

KIRKLAND, Washington (October 6, 2022) – “The shift in the market isn’t a surprise,” said broker Mike Larson when commenting on the latest statistics from Northwest Multiple Listing Service. The report on September activity shows active listings are nearly doubled from a year ago, pending sales declined more than 31%, but prices in most counties are still rising.

“Buyers are finally getting some relief,” said Larson, a member of the Northwest MLS board of directors and the managing broker at Compass in Tacoma. “Getting back to a balanced, more normal market is almost a welcome change,” he added, but noted “inflation and rising rates aren’t helping.”

“Though technically still a seller’s market, it is more favorable to buyers than it has been in a

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Led by Sammamish at No. 12, five towns in the Seattle metro area ranked among the top 100 Best Small Cities in America, according to a recent analysis by WalletHub.

WalletHub compared more than 1,300 cities with populations between 25,000 and 100,000 across five metrics, including affordability, economic health, education and health, quality of life and safety. The cities were also compared across 43 livability indicators, including housing costs, quality of school systems and number of restaurants per capita. 

Sammamish was No. 12 overall among the 1,300 cities measured, finishing 30th for safety, 75th for education and health, 89th for economic health and 183rd for affordability. 

Redmond was No. 21 on the list, boosted by its ranking of

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  •          Pending sales drop nearly 22% from a year-ago
  •          Closings were down about 24% from a year ago
  •          Economist Gardner expects prices will soften.
  •          trend toward a more balanced market.
  • Mortgage rates are at their highest level since the Great Recession, according to data released by Freddie Mac Thursday, as housing affordability continues to slump.
  • The 30-year fixed mortgage rate is now 5.89%, according to Freddie Mac, up from 5.66% last week and 2.88% at this time last year.
  • Mortgage rates are now at their highest since November 2008, when Freddie Mac reported a 6.04% 30-year rate.
  • Mortgage rates have climbed as the Federal Reserve raises interest rates to tame inflation.

Surprising Fact

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SEATTLE — Housing prices coming down are a welcome sight for those in Seattle looking to buy a home. For-sale signs and open houses dot lawns in West Seattle. 

"We saw the open house sign and decided to come check it out," said Jennifer. 

Jennifer came to look at homes with her son, Brandon who is also looking to buy in the future. She has seen more houses on the market, which makes her feel better about what's available. 

"I'm renting in Arbor Heights and me and my girlfriend are looking to buy a house eventually but just how expensive everything is right now," said Brandon.

Housing prices are cooling down and the 30-year mortgage dropped a quarter of a percent this week, according to the NASDAQ. Even with this

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  • August show month-to-month drops in new listings, total inventory, pending sales, close sales, and median prices
  • NWMLS statistics show the volume of new listings added during August declined from July (down 11.5%)
  • “We are seeing homes stay on the market slightly longer and more instances of sellers overpricing their properties."
  • Prices showed signs of moderating during August. The average price was down $10,000 from July.

Northwest MLS brokers say August housing activity follows patterns of seasonal slowing KIRKLAND, Washington (September 7, 2021) – August typically brings a dip in housing activity and this year was no different, according to representatives from Northwest Multiple Listing Service when commenting on newly-released

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It's no secret that sellers are getting top-dollar when they list their home in this market. We are seeing bidding wars drive the sale prices sky high (sometimes as much as $400,000 over listing price!) but it's not always all about the Benjamins.


   

 

 

 

 

 

 

As a seller, you hold the reins and NOW is the time to capitalize not only monetarily but also to make your move as simple and stress-free as possible. Let's break it down -- Here are three reasons why NOW is the BEST time to sell:

1) Today the market is piping hot - tomorrow could cool down a few degrees

The real estate market is always fluctuating. Today, there may not be ANY single-family homes in Klahanie listed for sale (and not already pending contract) -- true

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Like him or not, Tom Brady wins football games. Actually, he wins Super Bowls. For many years, you might have been able to say it was the Patriots franchise, Bill Belichick, or some other reason that Tom Brady kept going to (and winning) the Super Bowl. However, it's no coincidence that in his first season with the Buccaneers, Tom Brady is taking them to their first Super Bowl since 2003. He is talented, skilled, and the right man to lead any football team and franchise successfully. Can you say the same about your real estate broker?

Having the right broker is a game-changer.

But how do you know if you're selecting the right person for the job?

Don't hire a broker without asking these 11 questions:

  1.  Do you provide a personal property
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With great joy, we all rang in the new year and said goodbye to 2020. What now? Where is the real estate market now and what can we expect in 2021?

We ended the year HOT and it doesn't seem to be slowing down anytime soon. In order to have an idea of where we are going, let's see where we were at the end of 2020.

Sammamish saw median sale prices rise 11.8% in 2020 and the average sale in our beautiful city was $1,090,000. On average, Sammamish homes are only on the market for 6 days!! Have you checked the value of your home recently? How much equity have you gained in your home?

At the end of 2020 there was only slightly more than a two-week supply of homes on the market! 

With the mortgage rates staying so low, there is no slowing in sight.

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Recession? Yes. Housing Crash? No.

Recession? Yes. Housing Crash? No. | MyKCM

With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not in one already. What does that mean to the residential real estate market?

What is a recession?

According to the National Bureau of Economic Research:

“A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.”

COVID-19 hit the pause button on the American economy in the middle of March. Goldman Sachs, JP Morgan, and Morgan Stanley are all calling for a deep dive in the

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NWMLS | November Press Release

 

Current Market Snapshot Infographic | Statistical Reports

KIRKLAND, Washington (November 7, 2019) - "People are moving here, home prices will continue to increase, inventory shortages will occur. That's our future," remarked Dick Beeson, principal managing broker at RE/MAX Northwest in Gig Harbor, upon viewing the October statistics from Northwest Multiple Listing Service.

Active listings of homes and condos totaled 14,379, the lowest level since April. Compared to a year ago, last month's selection declined more than 21% and was down 10% from September, according to the new report from Northwest MLS. The year-over-year and month-to-month volume of new listings also declined last month. On a positive note, MLS

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