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Market Advice Should I Renovate My House Before I Sell It?   Some Highlights In today’s hyper-competitive market, buyers are often willing to overlook cosmetic or minor repair needs if it means snagging a home in their price range. With so few houses available for sale today, you may be able to skip the bigger renovations before you sell and cash in on the current demand […]
Uncategorized Two Important Impacts of Home Equity   Equity continues to rise, helping American homeowners secure a much more stable financial future. According to the most recent data from CoreLogic, the average homeowner gained $9,800 in equity over the past year. In addition, experts project 2020 home prices to continue rising. With prices going up, equity gains will also keep accelerating. Black Knight just reported: “The annual […]
Market Advice Why Pricing Your House Right Is Essential In today’s real estate market, setting the right price for your house is one of the most valuable things you can do. According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase 4.7% in 2020 and 4.1% in 2021. This means experts anticipate home values will continue climbing into next year. […]
Uncategorized How Will the Presidential Election Impact Real Estate?   The year 2020 will be remembered as one of the most challenging times of our lives. A worldwide pandemic, a recession causing historic unemployment, and a level of social unrest perhaps never seen before have all changed the way we live. Only the real estate market seems to be unaffected, as a new forecast projects there […]
Uncategorized Mortgage Rates Hit Record Lows for Three Consecutive Weeks Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph below): What does this mean for buyers? This is huge for homebuyers. Those […]
Uncategorized Real Estate Will Lead the Economic Recovery With more U.S. states reopening for business this summer, and as people start to return to work, we can expect the economy to begin improving. Most expert forecasts indicate this economic recovery will start to happen in the second half of this year. As we get back to work and the financial landscape of the country […]
Uncategorized Why This Summer Is the 2020 Real Estate Season With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new spring for real estate. […]
Uncategorized Experts Predict Economic Recovery Should Begin in the Second Half of the Year One of the biggest questions we all seem to be asking these days is: When are we going to start to see an economic recovery? As the country begins to slowly reopen, moving forward in strategic phases, business activity will help bring our nation back to life. Many economists indicate a recovery should begin to happen in the […]
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Uncategorized #1 Financial Benefit of Homeownership: Family Wealth While growing up, we were taught by our parents and grandparents that owning a home is a financially savvy move. They explained how a mortgage is like a “forced savings plan.” When you pay rent, that money is lost forever. When you make a mortgage payment, much of that money accumulates as equity in the […]
Uncategorized Will the Housing Market Turn Around This Year? Today, many people are asking themselves if they should buy or sell a home in 2020. Some have shifted their plans or put them on hold over the past couple of months, and understandably so. Everyone seems to be wondering if the market is going to change and when the economy will turn around. If you’re trying […]
Uncategorized Unemployment: Hope on the Horizon Tomorrow, the unemployment rate for April 2020 will be released by the U.S. Bureau of Labor Statistics. It will hit a peak this country has never seen before, with data representing real families and lives affected by this economic slowdown. The numbers will alarm us. There will be headlines and doomsday scenarios in the media. There […]
Uncategorized Today’s Homebuyers Want Lower Prices. Sellers Disagree. The uncertainty the world faces today due to the COVID-19 pandemic is causing so many things to change. The way we interact, the way we do business, even the way we buy and sell real estate is changing. This is a moment in time that’s even sparking some buyers to search for a better deal on a […]
Uncategorized Should I Sell My House This Year? If one of the questions you’re asking yourself today is, “Should I sell my house this year?” the current Housing Opportunities and Market Experience (HOME) Survey from the National Association of Realtors® (NAR) should boost your confidence as it relates to the current selling sentiment in the housing market. Even with all the information overload […]
Uncategorized March Eastside Market Update   February’s Eastside stats are in! Month-over-month, supply decreased by 5% to 1.9 months, which puts us solidly in a seller’s market. That said, it’s a stark difference from this time last year where we were at 0.8 months of an inventory—42% lower (70 miles per hour now vs 166 miles per hour then). Evidence […]
Uncategorized Windermere Foundation I am proud of the Windermere Foundation. It’s a huge part of why I love Windermere. I had the privilege to be on the board for 3 years, so I witnessed the integrity and awesomeness of the program. We give back to our communities and the families in those communities. Good stuff!
Uncategorized February Eastside Market Update   January’s Eastside stats are in! Year-over-year median prices are up 2%, but for single family homes only, prices are down 3%. Basically, prices are flat, as pricing is tricky to gauge (due to variations in home sizes, condition, location, ect). Also, 12% of homes did sell over asking price, many of these were after […]
Uncategorized Snowpocalypse Update Yes, the snow has slowed things down, but mostly new listings coming on the market. Also, it is challenging showing home in the snow—what does the yard really look like? That said, homes are still selling. In fact, both my new listings sold. With mid-winter break next week, it will be interesting to see if […]
Uncategorized Just Listed in Washington Square 10610 NE 9th place #2202 Bellevue, WA from Portland Property Films on Vimeo. I’m pleased to present this fantastic, view condo in Washington Square, one of downtown Bellevue’s premier condo high-rises. There are many things to love, but the two walls of floor-to-ceiling windows are my favorite. That said, the location is unbeatable—walkable to shops […]
Uncategorized Janaury 2019 Eastside Market Update December’s stats are in! We are still in a seller’s market with 2.4 months of inventory, but the effects of having 200% more inventory from last year is illustrated by the flat year-over-year price appreciation. It’s like pricing rewound a year. That said, we are 2 weeks into the new year and buyer activity is […]
Real Estate Forecast 2019 Economic and Housing Forecast What a year it has been for both 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 year comes to a close, it’s time for me to dust off my crystal […]
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