Local Market Update – November 2017

Prices in our area have now been rising faster than anywhere in the country for twelve months. Sellers seem to be getting the message that now is a good time to put their home on the market. There was an increase in new inventory in October, but with homes selling rapidly, there still aren’t enough

The Gardner Report – Third Quarter 2017

Economic Overview The Washington State economy added 79,600 new jobs over the past 12 months—an impressive growth rate of 2.4%, and well above the national growth rate of 1.2%. However, as we anticipated in last quarter’s report, we continue to see a modest slowdown in the growth rate as the state grows closer to full

Tax Plan Would Hit Eastside Homebuyers Hard

The proposed Republican tax plan would reduce itemized mortgage-tax benefits for new owners of expensive homes. Unfortunately, that would apply to the typical house selling today in our area. This proposal, according to The Seattle Times, “would cap the federal mortgage-interest deduction at $500,000 for new-home purchases, down from the limit of $1 million.” New
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Happening on the Eastside: November 2017

Each month, we bring you the up-to-date list of community and special events happening across the Eastside in cities like Kirkland and Bellevue. Here’s what we have on the books for November 2017. What’s Happening on the Eastside This Month? It’s not quite the holiday season, but it’s starting to feel like it! We continue fall

New Home Sales Reach Highest Level

The Seattle Times reported earlier this week that US new home sales have jumped to their highest level in ten years. According to the Commerce Department, new home sales rose “18.9 percent in September to a seasonally adjusted annual rate of 667,000, the most in a decade.” Sales rose in every region across the country.

Housing Market Crunch as Many Plan to Stay

In one of their latest reports, Zillow says they don’t anticipate an end to our housing market crunch as many in Seattle plan to stay put. In fact, contrary to the popular headlines that people aren’t planning to buy right now, many are actually in favor of buying homes, especially millennials. As we commonly share,

Local Market Update – October 2017

The typical seasonal slowdown of new listings in September added to frustration for buyers who are competing for a very limited number of homes. Strong job growth continues to fuel demand. The state added 83,000 new jobs in the month of August, and September looked to be just as robust. The result? King, Pierce and
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Happening on the Eastside: October 2017

Each month, we bring you the up-to-date list of community and special events happening across the Eastside in cities like Kirkland and Bellevue. Here’s what we have on the books for October 2017. What’s Happening on the Eastside This Month? And just like that, fall is here! This month, we’re looking at all things autumn and

Seattle Tops Nation in New Apartments

According to the Seattle Times, “In 2016, there were nearly 21,000 occupied rental units in the city built since the start of the decade. That means recently constructed apartments make up 12 percent of the total rental stock.” Seattle ranks #1 out of the 50 largest U.S. cities for having the highest concentration of newly