Real Estate News & Information

Real Estate News & Information Housing & Economic Update: Numbers to know this month This is the latest in a series of videos with Windermere Principal Economist Jeff Tucker where he delivers the key economic numbers to follow to keep you well-informed about what’s going on in the real estate market. Hi. I’m Jeff Tucker, the principal economist at Windermere Real Estate, and these are the numbers to know […]
Real Estate News & Information Local Market Update – October 2024 Local Market Update – October 2024 Our local real estate market has remained quite active so far this fall, with positive things happening for both buyers and sellers. Last month, every region in this report saw substantial year-over-year increases in the number of pending home sales. Residential inventory also rose in September, which is good […]
Real Estate News & Information Local Market Update – September 2024 In the waning days of summer, the local real estate market saw rising sold prices, declining mortgage rates and rising inventory. The price trend shows that sellers are still seeing gains by listing their homes. The rate and supply trends are motivating buyers to be active in the market this fall. As of the second […]
Real Estate News & Information Will declining mortgage rates push up home sales? Last week the 30-year fixed-rate mortgage dropped to its lowest level in 15 months, representing the single biggest one-week drop so far this year. Softening of mortgage rates, coupled with a recent increase in the number of local real estate listings, creates a welcome opportunity for prospective home buyers; their selection and buying power are […]
Homeownership You’ve Moved into Your New Home. Now What? Congratulations on your new home! You made it through the arduous process that is buying a new home. Now it’s time to take on the task of moving in. You did your research about the neighborhood and you feel like you know the home like the back of your hand. However, there are some things […]
Real Estate News & Information Local Market Update – August 2024 Local Market Update – August 2024 The lazy days of summer are upon us, but home and condo sales are not the least bit idle. Just last month every area in this report saw more homes sell and for higher median prices than a year ago. And this month we’ve witnessed the year’s single biggest […]
Real Estate News & Information Local Market Update – July 2024 Local Market Update – July 2024 As temperatures rise, so has the supply of for-sale homes in our area. Last month, active inventory continued its upward trajectory, which is leading to some summer price stabilization. Every region represented here saw a rise in the number of single-family homes and condos for sale in June. And […]
Real Estate News & Information Local Market Update – June 2024 Local Market Update – June 2024 The numbers are in, and last month’s real estate sales data in our region told two tales. The first is of a market that has had far more demand than supply, with rising prices and quickening market times reflecting this imbalance. The second tale is of a market attracting […]
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Real Estate News & Information NEW LISTING: MidCentury Modern Vibes in Prized Marine Hills Neighborhood 29824 8th Avenue S Federal Way, WA 98003 $598,950 MLS #2240991 CLIP #5224374523 Beds: 3 Baths: 3 Size: 2,260 sqft MidCentury Modern vibes ideally located in prized Marine Hills neighborhood, known for its large private lots in serene settings near the shores of Puget Sound. Long term owner’s pride and joy, polished MCM finishes thru-out. […]
Real Estate News & Information Area Rents Still Rising Slowly but steadily, rents are rising, and they’re going up faster than last year. In Q1 2024, Seattle rents grew 2.2 percent compared to 1.3 percent during the same quarter last year, according to new data from Apartment List. This local increase in rent comes despite the U.S. rental market cooling off as a whole. […]
Real Estate News & Information Local Market Update – May 2024 Local Market Update – May 2024 Our local real estate market is exhibiting seasonal strength, with most areas seeing month-over-month and year-over-year sales gains. Despite continued interest rate increases, which can constrain both buyers and sellers, the number of closed transactions in King and Snohomish counties has risen for three straight months. This suggests that […]
Real Estate News & Information Ten Qualities to Look For in Your Real Estate Agent Windermere Blog: Buying a home is one of the most significant financial and emotional purchases of a person’s life. That’s why it is so important to find an agent that can not only help you navigate the home search process but one who can also answer your questions and represent your needs from start to […]
Real Estate News & Information Local Market Update – April 2024 It’s the time of year when for-sale signs typically start popping up like tulips and daffodils. Houses show well in the spring, just as the number of homebuyers peaks and sellers feel more ready to list. While we are seeing the market thaw this spring, challenges remain, especially for buyers. There remain more buyers in […]
Real Estate News & Information Local Market Update – March 2024 Seasonal changes are starting to take shape across the region and the local real estate market is experiencing cautious optimism. As we transition from winter to spring, home and condo sales are increasing, in both units and price. Low inventory means motivated sellers are finding success in about a week’s time, while buyers thread the […]
Real Estate News & Information Local Market Update – February 2024 Like some plants and trees, the local real estate market is starting to bloom. Last month, median residential sold prices increased in each of the four geographic areas covered below. That’s welcome news for intending home sellers, who are also benefitting from continued low inventory region-wide. At the same time, local buyers are seeing stabilizing […]
Real Estate News & Information Average long-term US mortgage rate continues to drop Finally, there’s some good news for prospective homebuyers facing affordability headwinds: The average long-term US mortgage rate remains in the mid-6 percent range, marginally increasing homebuyer demand. According to mortgage buyer Freddie Mac, 30-year fixed rates have largely been in decline since the end of October when they were in the upper 7 percent range […]
Real Estate News & Information Local Market Update – January 2024 Despite moments of snow in Western Washington, the local real estate market is slowly warming, as new opportunities arise for both home buyers and sellers. Lower mortgage rates are welcome news for buyers, and low inventory means sellers are starting the year with minimal competition. King County continues to see residential price gains, with last […]
Real Estate News & Information Local housing developers get hands-off support from Amazon Amazon’s Housing Equity Fund came calling just in time to spur movement on Jaebadiah Gardner’s vision for an affordable housing project in the heart of Seattle’s Central District. Gardner Global, which seeks to create cycles of wealth for people who have previously been left out of these opportunities, is the recipient of a $4.5 million […]
Real Estate News & Information 4,000+ Seattle buildings to cut fossil fuel use by 2050 By 2050, roughly 4,135 existing Seattle buildings larger than 20,000 square feet must cut their greenhouse gas emissions to zero. The Seattle City Council passed legislation on Tuesday, December 12th, enacting the Building Performance Emissions Performance Standard, or BEPS.  BEPS will require skyscrapers, low- to high-rise buildings, multifamily residences, retail spaces, restaurants, churches, schools, universities […]
Real Estate News & Information Local Market Update – December 2023 Just like December temperature variations, our local real estate market continues to feel up and down. Interest rates, regional economic conditions and seasonal market shifts have meant rising home prices in some areas and drops in others. While the expected winter slowdown means overall lower inventory, buyers are still willing to compete for plum properties […]