In The News

In The News Why a Housing Bubble Isn’t Our Problem I’ve mentioned in earlier posts that I think the fears of a housing bubble are misguided or more accurately not well founded. The number of people owning their homes outright, no mortgage debt at all, is still quite high, in the 25-30% range. The number of people with 50+% equity in their homes is also […]
In The News About That Inventory Shortage…. A quick video to discuss the actual state of new-on-market listing levels. While it’s true our “end of the month,” snapshot-in-time, numbers for available homes for sale are at record lows, in the 25-33% range of our historical homes-for-sale levels, it’s also true that our new listings taken each week and month are at or […]
In The News Smile, Hope Springs Eternal For most of us, this past week or so of sunshine has brightened our outlooks dramatically. Yes, it’s just the weather but after 2020 and a rocky winter, it seems we’re all reaching for and clinging to these bright moments of joy. If we can string enough of them together, we can modify our perspectives and […]
In The News Where Is Our For Sale Home Inventory? Some of us likely remember the Johnny Carson show and his banter with his audience of “how crazy is it….” Well, it’s pretty crazy out there. Likely many of you also saw the skit on Saturday Night Live a couple of weeks ago spoofing Zillow searches for homes as today’s dating or other unusual website […]
In The News Is 2021 Already Over? Welcome to 2021? I’ve been trying to figure out how to respond to the events in Washington DC and Olympia this week and it’s hard to encapsulate into a cute message or quick slogan. So, I understand if you don’t want to take a few minutes to consider this message. First, I was blessed to […]
In The News Q3 2020 Gardner Report for Western Washington I am fortunate to work for Windermere Real Estate and one of the benefits I derive is access to a local economist, Matthew Gardner, who monitors various economic details and trends for insights and perspectives on our real estate market. Here’s his latest analysis of the Western Washington market place. It seems we have recovered […]
In The News Finding Balance in Tumultuous Times For most of us the end of March seems like an eternity ago and yet by the end of March, the first of March seemed like an eternity before that. 2020 has presented all of us with challenges we couldn’t have imagined and most of us would like to forget. Sadly life doesn’t allow us to […]
In The News Market Update Amid Uncertain Times Pardon my absence, the market has been running extremely hot for the past several months and I thought I’d offer some insights on the activity levels and sentiments. Contrary to many predictions early in the year, the market took a 4-6 week breath in mid-March but has taken off in a full stroke sprint since […]
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In The News Forbearance Impact on Lending and Home Values As part of the Corona Virus response from the Federal Government, the Feds have provided an option for homeowners to not make their mortgage payments, with no need to prove a hardship or inability to pay.This is called Forbearance. There are many moving parts to the mortgage industry, most of which homeowners aren’t aware. I […]
In The News Which Way Is Up For Real Estate? This trek of isolating in our homes marches on. Hopefully some of our sunny days have helped to break the monotony and stress of isolation and lifted your spirits as we stay home to stay safe. The real estate market was put on the essential business/services list just a few days after we were told […]
In The News Covid-19 and Real Estate? There’s no doubt, there’s a lot of fear in our local marketplace. Today we saw our stock indexes drop by 7% and even the good news of great jobs reports from last week, major drops in the costs of oil and record low interest rates can’t seem to win the headlines against Covid-19. So what’s […]
In The News Buying In A Seller’s Market? Our winter market has been exceptionally strong since late November. Homes in most price ranges and geographies have sold quickly with very little competition and lots of demand. This is great news for home sellers, so don’t doddle if you’d like to take advantage of these circumstances. For Buyers this isn’t so great. The stock […]
In The News ULI’s Economic Forecasts Show Stability for US and us Headlines of fear always get more notoriety than good news but here’s the most recent news release from the Urban Land Institute. They surveyed Economists  and analysts on the US Economy. The report shows a persistently stable to robust economic expansion around the country. We have been on a prolonged skyrocketing trajectory that can’t be […]
In The News Headed for Recession? What Does That Mean? We’re all hearing headlines about a looming recession in the near future but what does this actually mean? In general terms recessions are defined as 2 consecutive quarters where the US GDP, Gross Domestic Product in our economy, declines. Since our great recession of 2007 to 2011 or 12, many fear hearing of this word. […]
In The News i-Buyers and the Changing Face of Real Estate Photo by Valentin Petkov on Unsplash Technology and outside businesses, mainly backed by financial firms and venture capitalists, are fiercely competing and investing to get deeper into the real estate business. For the past 10 to 15 years these efforts have had minimal success. With their focus now more narrowly set on the amount of money involved in […]
In The News Home Buying Confusion–On the Path to Chaos In our increasingly global economy, outsiders from everywhere in the world want an “in” to the U.S. real estate market. There seems no end to the amount of money people, companies and investment groups can and will spend to get in to our market. Most claim they “know” how to improve efficiencies, speed up and […]
In The News A Christmas Present For You to Enjoy   After a 20% run up in market values early this year, we’ve settled back to a more normal 4-8% gain in home prices over 2017 values for most of our region. Buyers and agents have been asking when will we see a return to a more normal market for the past 3 years. It’s […]
In The News Eastside communities Q3 Report for 2018 There are no major surprises to the latest sales numbers for Seattle’s Eastside communities from Renton to Bothell; East of Lake Sammamish to Kirkland & Lake Washington. Prices are mostly up, modestly in most areas but a few with price reductions over 2017 prices. Inventory levels have doubled their 2017 levels and the sales pace […]
In The News Trend vs. Vision; Is the Herd Blocking Your View? Photo by William Milliot on Unsplash   We’ve all seen the headlines: home sales slowing, prices dropping, inventories rising. Unfortunately, too many people are getting the wrong impression about the actual market conditions. Yes, the headlines can be stated as factually accurate, even if statistically exaggerated, but they leave out major pieces of information that must be considered. […]
In The News Market update for August 2018 While the headline stories seem cataclysmic, the reality is still that we are seeing a shift from our escalating home values. We’ve come off the peak numbers by 3-5% but much of this is from buyers bidding over the asking prices. Where list prices were and where they are today are only 1-2% different. Home […]