Blog Local Market Update: July 2023 This summer’s local housing market is seeing low inventory feed higher prices, putting the squeeze on would-be buyers. June is typically the month where home prices reach their apex, and last month was no exception as King and Snohomish counties’ prices neared the peaks seen during the sugar high of the pandemic market. Approximately 80% […]
Blog Today’s Housing Inventory Is a Sweet Spot for Sellers   One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing inventory still is, let’s take a look at the latest information on active listings, or homes for sale in […]
Blog Happening on the Eastside: July 2023 There is no shortage of fun to be had when the warm weather hits the Pacific Northwest. July is packed full of events of every kind, so if you’re looking for ways to make the most of this next month, you’ve come to the right place. Each month we put together a comprehensive calendar of […]
Blog Real Estate Is Still Considered the Best Long-Term Investment With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now. A recent poll from Gallup shows the answer is yes. In fact, real estate was voted the best long-term investment for the 11th consecutive year, consistently beating other investment types like gold, stocks, and bonds (see graph […]
Blog Local Market Update: June 2023 The more frenetic activity of a typical spring real estate market has certainly hit our area, with buyers out in droves looking for homes. What they’ve found, however, is high competition and scant listings. The region’s low housing inventory has been a constraint that has resulted in fewer closed sales than we’ve seen in recent […]
Blog This Real Estate Market Is the Strongest of Our Lifetime When you look at the numbers today, the one thing that stands out is the strength of this housing market. We can see this is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing market of our lifetime. Here are two fundamentals that prove this point. 1. The Current […]
Blog Happening on the Eastside: June 2023 Summer is upon us! We’ve had so many warm, sunny days and more on the horizon. This is THE time of year to make the most of what the PNW has to offer. Each month we put together a comprehensive calendar of special events happening across the Eastside in cities like Kirkland, Bellevue, and Redmond […]
Blog The Worst Home Price Declines Are Behind Us If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. Contrary to those headlines, home prices aren’t in a freefall. The latest data tells a very different and much more positive […]
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Blog Why Today’s Housing Market Is Not About To Crash There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up. But the data clearly shows today’s market is very different than it was […]
Blog Local Market Update: May 2023 As the weather warms, so too does our real estate market, it seems. With dwindling inventory and climbing prices, the housing market is on an upswing, even if it’s a small one. This places sellers back in the driver’s seat, with buyers forced to compete against multiple offers and in the face of higher interest […]
Blog The Gardner Report: 1st Quarter 2023 The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere agent. REGIONAL ECONOMIC OVERVIEW […]
Blog Happening on the Eastside: May 2023 The sun is finally breaking through and there are going to be plenty of ways to take full advantage this month. Each month we put together a comprehensive calendar of special events happening across the Eastside in cities like Kirkland, Bellevue, and Redmond with everything from festivals, to live music, art walks, and more!   […]
Blog Local Market Update: April 2023 Spring has truly arrived in our region, with longer days and blooming cherry blossoms. Along with these harbingers of the season, the pace of the local real estate market has also picked up, indicating that the spring market is finally here. An uptick in new listings and price gains in the last month demonstrates a […]
Blog The Tax Benefits of Owning Your Own Home   It is tax season! If you are a homeowner, congratulations! There are plenty of reasons to be excited about homeownership during tax season because you could save hundreds or thousands of dollars on your taxes through a number of deductions. A deduction reduces your stated income, thus lowering the amount you owe in tax. […]
Blog Happening on the Eastside: April 2023 Spring is in full swing in the Pacific Northwest – if you’re looking for ways to make the most of these beautiful days here’s our guide to what’s going on now and later. Each month we put together a comprehensive calendar of special events happening across the Eastside in cities like Kirkland, Bellevue, and Redmond […]
Blog What’s Ahead for Home Prices in 2023 Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. […]
Blog What Does Months of Inventory Mean?   You might have heard the term “months of inventory” as it pertains to the real estate market. What does this term mean?   In short, this term relates to the number of homes available for sale in a given month divided by the number of homes sold in that same month. For example, if […]
Blog Local Market Update: March 2023 A recent surge in purchase activity indicates that the early spring real estate market is in full swing in our region. Fluctuating interest rates have caused some buyers to converge on properly-priced listings when rates are down, while potential sellers have been hesitant to let go of the historically low mortgages they have on their […]
Blog What’s The Minimum I Need to do To Put My Home on the Market?   It is a question that many sellers have – “Do I really need to take the time to spruce up my home before I put it on the market?” My quick answer is “No”. You don’t have to dust, vacuum, or even clean the bathroom. You could walk out the door right now, hand […]
Blog Happening on the Eastside: March 2023 Spring is here – it may not feel like it yet but we know it has to be close now! If you’re getting cabin fever and looking for ways to get out and explore, we have just the thing for you. Each month we put together a comprehensive calendar of special events happening across the […]