local_economy-oct-2019-seattle-2

Seattle’s Median Household Income Tops $93K

The median income in Seattle reached more than $93,000 in 2018, jumping by close to $7,000 from the previous year, according to data released this week. The data from the U.S. Census Bureau showed the median household income in Seattle was $93,481. Still, thousands of individuals in Seattle were making far less — with many
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Local Market Update – October 2019

While fall usually brings a decrease in sales activity, the opposite was true in September. The number of listings on the market dropped by double digits and home sales rose. It is still a seller’s market, however prices have stabilized. With interest rates near historic lows and employment levels at historic highs, the housing market
what’s happening wednesday

Happening on the Eastside: October 2019

Each month, we bring you the up-to-date list of community and special events happening across the Eastside in cities like Kirkland, Bellevue, and Redmond. This month as the temperatures drop and the leaves change color, we have all the fun from Halloween events, to wine walks, and art festivals. There’s something for everyone! Kirkland October
lmu-09-september-2019

Local Market Update – September 2019

A decrease in inventory coupled with an increase in sales activity led to fewer options for home shoppers in August. There is some good news for would-be buyers as mortgage rates have dropped to their lowest level in three years. Demand remains high but there simply aren’t enough homes on the market. Brokers are hoping
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Happening on the Eastside: September 2019

Each month, we bring you the up-to-date list of community and special events happening across the Eastside in cities like Kirkland, Bellevue, and Redmond. Kirkland September 7: Crossing Kirkland Block Party September 20-22: Kirkland Oktoberfest September 22: Summer Sundays on Park Lane Bellevue September 10: Bellevue Farmer’s Market September 15: Ready, Set, Go…Run 5k September 25-29: Fashion Week at the
buyers

The Slow Down in Foreign Buyers

The United States housing market is experiencing a significant reduction in foreign buyers. Windermere Chief Economist, Matthew Gardner, cites several factors that could be contributing to this trend and offers his opinions as to what to expect in this recent Market Update. This post originally appeared on the Windermere.com Blog.
local_economy-2

Aggressive Expansions Fuel Seattle Office Market

The Puget Sound regional office market continues to tighten despite the number of active cranes. Second quarter reports from various commercial real estate brokerage houses reveal “aggressive expansions in Seattle and on the Eastside” along with healthy levels of job growth,” per Kidder Mathews Q2 report. Colliers International pointed out the large number of tech