A Busy Legislative Session for Housing: 10 Bills Passed That Will Affect Housing in Our State
On April 23rd the Washington State Legislature adjourned after passing 10 new bills that will affect housing. Some of the bills are geared toward creating more transparency around brokerage transactions, some are intended to institute more opportunities for building density to provide more affordable housing, and some are more regulatory to help guide and ease […]
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QUARTERLY REPORTS Q1 2023
We are seeing signs of price stabilization and some growth after the market correction of 2022! Illustrated on the front is the up-down-up trajectory that home prices have experienced over the last year. While we are in the midst of measuring the negative difference from the peak prices of the first half of 2022 to […]
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Housing Absorption Trends, Interest Rates Hovering, and Inventory Constricting.
Three key elements to pay attention to when assessing prices and the real estate market. As we round out the first quarter of 2023, three real-time trends to pay close attention to in order to truly understand what is happening in the real estate market are absorption data, interest rates, and inventory levels. Right now, we […]
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Which is better, renting or buying? The financial benefits of owning real estate.
The financial benefits of owning real estate significantly outweigh the option of renting. Renting is certainly a must for some, and is what one may have to do while they build up to becoming a homeowner. Becoming a homeowner requires solid employment, good credit, and some type of down payment. Savings can all be built over time and […]
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Holy Shift, Again! Most of the Market Correction Behind Us & Growth Ahead!
Markets change fast! We experienced a substantial shift in 2022 with the first half of the year feeling like a completely different market than the second half of the year. A 3-point increase in interest rate was the main culprit along with inflation and affordability for the 2022 market correction we experienced. A market correction is defined […]
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QUARTERLY REPORTS Q4 2022
2022 was a transitional year for the real estate market that started off incredibly seller-centric and ended in balance. We started 2022 with interest rates hovering in the low 3%, peaked at 7% in late fall, and ended the year hovering in the mid 6%. This significant jump created a correction in home prices as […]
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An Economic & Housing Forecast for 2023 by Economist Matthew Gardner
Last week, my office had the pleasure of hosting Windermere’s Chief Economist, Matthew Gardner for his 2023 Economic and Housing Forecast. During this jam-packed hour of insightful delivery, he reported on the U.S. and local economies along with the U.S. and local housing markets specific to King and Snohomish Counties. If you are interested in receiving […]
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December is for GIVING at Windermere North!
Between holiday parties, family obligations, work, and the pressure of finding the perfect gift, this time of year can come and go in a flash. At Windermere North, we never want this season to go by without coming together to lift up our community and give back in meaningful ways. Our office-wide annual holiday giving […]
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Key Factors to Note as the Market Recalibrates in the New Year
2022 has been an eventful year in the real estate market and the economy. After 2 years of pandemic-fueled demand and historically low interest rates, we experienced a shift. The Fed quickly raised rates (by 2 points) from April to October to combat inflation, curbing buyer demand as affordability took a hit. The overall economy is starting […]
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