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Buying Homes Understanding the Current Shift in the Real Estate Market: LOCATION IS KEY!   There is an old adage in real estate: location, location, location. Where a property is located has the biggest influence on its value.  Through the pandemic years, we saw a shift in how the location was valued. Before remote working became more common, homes located in neighborhoods that were closer to job centers such as Seattle […]
Buying Homes How Does the Current Market Shift Impact Home Buyers & Sellers?   “How’s the market?” is a question I am asked all the time. Now more than ever, the answer to this question is critical and detailed. You see, our market is experiencing a shift, a slowing down of price growth, if you will. Believe it or not, this is providing great opportunities for both buyers […]
Buying Homes Real Estate Market Update               At Windermere, we are fortunate to have Matthew Gardner as our Chief Economist. In fact, we are one of the only real estate companies in the country to have such a well-respected expert sitting in this role. Not only is Matthew an asset to Windermere brokers and their clients, but […]
Events Capital Gains Information  Did you know that over 50% of homeowners in Washington State have over 50% home equity? We have had 10 years of price appreciation, and the last 3 years have been record-breaking. The chart below shows complete year-over-year (the last 12 months over the previous 12 months) price appreciation for the six main market areas in […]
Buying Homes Spring Market Update  As we round out the first quarter of 2022 and head into the notorious Spring Market there are a handful of factors that should be considered whether you are a buyer or a seller. Paying attention to the anticipated increase in housing supply, monitoring buyer demand, and assessing the effects of rising interest rates on the […]
Economic Forecasts & Trends Update: Global Influences on the Housing Market & Interest Rates     A lot has happened in our world since the first of the year, specifically the rise in inflation and the recent Russian invasion of Ukraine. These factors can influence consumers and affect the housing and financial markets. Additionally, global unrest has had a clear influence on interest rates, driving them back down after […]
Gardner Reports Aligning With The Right Broker Matters More Than Ever 2022 has had an incredible eventful start in our local real estate market. In January, the average list-to-sale price ratio (the percentage a house sells for in comparison to the list price) in King County was 105% and in Snohomish County it was 106%. This is in conjunction with complete year-over-year median price appreciation (the […]
Buying Homes Matthew Gardner’s 2022 Predictions   In January, my office hosted our 14th annual Economic Forecast Event with Matthew Gardner, Windermere’s Chief Economist. It was an hour-long presentation followed by lively Q & A that was packed with useful information to help guide us as we start the new year. Matthew journeyed the audience through a macro to micro approach, […]
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Events Is Your Home Windermere Ready?     How a home is prepared for the market has a direct economic effect on the results a seller will have in the marketplace. Making home updates to match today’s trends, repairing deferred maintenance items, deep cleaning, and home staging all help contribute to a higher return for home sellers and less time on the […]
Buying Homes The Zillow Algorithm vs. The Human Algorithm – what is best for the consumer?   The recent news of Zillow’s plan to shut down their iBuyer program due to a $328 million loss in the third quarter has heads spinning in the real estate world and on Wall Street.  Sadly, Zillow plans to eliminate 25% of its workforce because of its decision to move away from the practice of purchasing and […]
Buying Homes The Triangle of Buyer Clarity – Finding Buyer Success in a Seller’s Market   Embarking on a home purchase in a seller’s market can be intimidating, but it can be done. Long-term price growth confirms that owning a home is a key element to building household wealth. Home equity gained over time is typically the largest asset that contributes to a household’s net worth. Homeownership is not only an investment, but […]
Buying Homes Monthly Newsletter – Real Estate Market Recap   I’ve said it before and I’ll say it again, the 2021 real estate market has been a head-turner! In the second half of 2020, once we started to emerge from the COVID lockdown, the real estate market started to bustle with activity. 2020 ended up being a robust real estate year driven by low […]
Buying Homes Monthly Newsletter – The National Housing Market & Seahawks Partnership   As I mentioned in my last newsletter, Windermere is empowered by the knowledge and research of our Chief Economist, Matthew Gardner. Below is his latest monthly video report which touches on the latest numbers surrounding the national housing market. Here are some key data points derived from the final recorded July home sales numbers: […]
Buying Homes Monthly Newsletter – Gardner Report & Food Drive Results   At Windermere, we are fortunate to have Matthew Gardner as our Chief Economist. In fact, we are one of the only real estate companies in the country to have such a well-respected expert sitting in this role. Not only is Matthew an asset to Windermere brokers and their clients, but he is a coveted […]
Buying Homes Monthly Newsletter: Summer Time 2021   Last week I heard a quote from Mike Loftin of the Urban Institute that resonated with me. “We need to stop seeing housing as a reward for financial success and instead see it as a critical tool that can facilitate financial success.” Homeownership as an investment has always been a long-term hold in order for it to make […]
Buying Homes Monthly Newsletter: Year-to-Date Real Estate Recap 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 […]
Buying Homes 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 […]
Economic Forecasts & Trends Newsletter – What is your home worth? Price Appreciation Case Studies in Snohomish & King Counties Over the last 6 years, the median price for a single-family home in King County has grown by 65%, and in Snohomish County 69%. Above are examples of actual homes sold in late 2015 to early 2016 that also sold in early 2021. Note, they were not remodeled or significantly improved in between sales. These examples show the growth in […]
Buying Homes You Want to Sell, but Need to Buy, too: What to do? Homeowners across our region are enjoying incredibly healthy equity levels due to an upswing in the real estate market over the last five years. In fact, the median price in King County is up 50% over the last five years and up 55% in Snohomish County. Over the last 10 years, the median price is […]
Community 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 […]
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