General Market Info

General Market Info South Snohomish County Quarterly Market Reports Q2 2021 The 2021 real estate market continues to be hot! Tight inventory has been a result of intense buyer demand fueled by historically low interest rates and the lucrative tech industry in our area. Also, moves brought about by the COVID effect of remote work options and some people moving towards retirement have brought additional buyers to the […]
Community Info NEWSLETTER MAY 2021 – Year-to-Date Real Estate Recap: Where We’ve Been & Where We’re Headed Here we are, one-third into 2021, and boy what a ride it has been so far. We all know that 2020 was a unique year full of challenges and change. The pandemic made us pause and reevaluate many aspects of our lives including where and how we live. The impact of the pandemic on the […]
Community Info Newsletter – Economy & Housing Market Update Matthew Gardner is the Chief Economist at Windermere and a sought-after expert on real estate, both locally and across the country. Every quarter, Matthew breaks down the real estate market by region and provides the Gardner Report; you can read this quarter’s full report here.  Additionally, he also provides a monthly video report touching on […]
Community Info Newsletter – Real-Time Market Update: Where We Are Now February 2020   The 2021 real estate market is off to a very brisk start. Historically low interest rates are driving buyer demand. This is coupled with a needed “catch-up” in available homes for sale. In 2020, we saw a stall in new listings during our normally plentiful spring market due to the pandemic. From April to […]
Community Info Newsletter: Matthew Gardner’s Top 10 Things to Look for in 2021 in the Economy and Our Housing Market   Last week I had the pleasure of attending Matthew Gardner’s 2021 Economic Forecast. Matthew is Windermere’s Chief Economist and coveted expert in our region often called upon by the local and national media for his insights on the economy and housing. Windermere has relied upon his forecasts and advice for over 15 years, and […]
Community Info December 2020 Newsletter – Helping our Neighbors in Need As 2020 comes to a close, we pause to take inventory for what we are thankful for and look for opportunities to give back to those in need. We would typically be hosting our annual Santa Photo Event around this time, but this year we are pivoting to this very important food drive. The global pandemic […]
Community Info What’s in Your Toolbox to Navigate the Changing Market? The late spring market brought about some welcomed change to our local real estate markets. In May, we experienced the largest increase in inventory in a decade! North King County and South Snohomish County are two examples of what is happening in all the markets across the Puget Sound as we head into the second […]
General Market Info Interest rates on all time low!   The long-term loan interest rate remains historically low, however it has made a slight jump since the first of the year. Over the last 13-months rates have gone from 4.25% to 4.625% with experts predicting a rise to 4.95% by the end of the year . Keep in mind this recent jump is still […]
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Community Info Does it make more sense to rent or own? The current break-even horizon* in the Seattle metro area is 1.6 years! *The amount of time you need to own your home in order for owning to be a superior financial decision. With rising rental rates, historically low interest rates, and home prices on the rise, the advantage of buying vs. renting is becoming clearer each month. […]
General Market Info Why we are NOT headed toward another housing bubble   Double-digit price appreciation has taken place for over 3 years now, so prices are up. Way up. In fact, in just the last year we have seen prices rise 14% year-over-year. When talking with people about our real estate market, the conversation often involves the question, “are we headed toward a bubble?” I get […]
General Market Info Cost Vs. Value I am commonly asked which improvements sellers should make to get the greatest return on their home sale.  Every year The Remodeling 2018 Cost vs. Value Report (www.costvsvalue.com) compiles all the information and analyzes the estimated percentage return on home improvements in each region.  Getting a home prepared for market requires a keen eye and […]
General Market Info 2018 Market Predictions     At Windermere, we have the privilege of working with esteemed economist, Matthew Gardner. Throughout the year, I have shared his quarterly Gardner Reports which delineate out all the different housing markets in Western Washington and reports on price appreciation and sales data. Below is a recent article he wrote about predictions for the […]
General Market Info Demystifying the Zestimate   Knowing the value of your home is helpful in many ways. It can help determine one’s net worth, help one decide if a home sale or purchase is a financially feasible move, determine the ability to get a loan – and it’s just nice to know where your largest investment stands. Consumers have the […]