Home Knowledge Why Selling Your House with a Real Estate Professional Is Essential Selling your house is no simple task. And when you sell on your own – known as a FSBO (or For Sale by Owner) – you’re responsible for handling some of the more difficult aspects of the process without the expert guidance you need. The 2021 Profile of Home Buyers and Sellers from the National Association of Realtors (NAR) surveys […]
Market Advice Homebuyers: Be Ready To Act This Winter To succeed as a buyer in today’s market, it’s important to understand which market trends will have the greatest impact on your home search. Danielle Hale, Chief Economist at realtor.com, says there are two factors every buyer should keep their eyes on: “Going forward, the conditions buyers face are primarily dependent on two things: mortgage rates and housing […]
Home Knowledge A Happy Tail: Pets and the Homebuying Process Some Highlights It’s no secret that we love our furry friends – about 70% of U.S. households have pets. What may come as a surprise is how large a role they play in the homebuying process. Americans spend $1,163 a year on their pets, and nearly half of pet owners say they would move for better accommodations and amenities for their pets. If you’re thinking of adding […]
Video Blogs December Stats Inventory dipped to a jaw-dropping 6 days (0.2 months). Buyer demand has been unseasonably high and there simply aren’t enough homes for sale. For the homes that sold quickly, about two-thirds of the listings, they sold 14% over asking price. This is a jump from the previous months which were 11% and 12% range. Bottom […]
Home Knowledge A Checklist for Selling Your House This Winter
Market Advice Home Sales About To Surge? We May See a Winter Like Never Before. Like most industries, residential real estate has a seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year. More cars are sold in the U.S. during the second quarter (April, May, and June) than in any other quarter of […]
Video Blogs Weekly Update – November 17th
Market Advice Why a Wave of Foreclosures Is Not on the Way With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. Here are a few reasons why that won’t happen. There are fewer homeowners in trouble this time After the last housing crash, about 9.3 million households lost […]
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Video Blogs Weekly Video – October Stats!
Real Estate Forecast October Eastside Residential Statistics The market tightened in October with months of inventory dropping from 0.4 months to 0.3 months. That might seem like a small change, but it’s a 25% decrease from an already low number. The supply/demand imbalance resulted in 67% of the homes selling for a median of 12% over asking price. The homes selling with […]
Video Blogs Weekly Update—adding a new team member.
Market Advice Q3 2021 Western Washington Real Estate Market Update The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere Real Estate agent.   […]
Video Blogs Weekly Update—Buyers Buyers Everywhere
Home Knowledge Knowledge Is Power When It Comes to Appraisals and Inspections Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and leading some buyers to consider waiving those contingencies to stand out in the crowded market. But is that the best move? Buying a home is […]
Market Advice 4 Tips To Prep for Your Home Sale This Fall Even in a hot sellers’ market like today’s in which homes are selling so quickly, it’s still important to make a good first impression on potential buyers. Taking the time upfront to prep your house appropriately can bring in the greatest return on your investment. Here are four simple tips to make sure you maximize the sale […]
Market Advice Eastside Market Update – October 2021 Despite a boost in new listings, inventory remained as tight as ever in September. The shortage of homes for sale combined with pent-up buyer demand and low interest rates kept prices high as compared to the same time last year. However, home prices over the past few months appear to be leveling out. The market […]
Market Advice Early October is the Sweet Spot for Buyers Are you looking to buy a home? If so, we’ve got good news for you. While there’s no denying the housing market is having a great year, many of the headlines are focused on the perks for sellers. But what about buyers today? As a buyer, you’re likely braving bidding wars and weighing low mortgage rates versus price appreciation as you search for […]
Market Advice Is a 20% Down Payment Really Necessary To Purchase a Home? There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle. That […]
Video Blogs September 22nd Update
Market Advice Home Price Appreciation Is Skyrocketing in 2021. What About 2022? One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year. Here are the latest percentages showing the year-over-year increase in home price appreciation: The House Price […]