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Blog The Gardner Report — Second Quarter 2018 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. Economic Overview The Washington State economy added 83,900 new jobs over the past 12 months, representing an annual growth rate of […]
Blog Commute vs. Home Price Trade-Off: How Far Are You Willing to Drive? Would you be willing to swap a longer commute time for a lower monthly mortgage payment? With prices of homes near city centers skyrocketing, many buyers are rethinking their priorities and choosing to “keep driving until they can afford it.” Housing Search Trade-Off: Price vs. Commute Time We examined active listing on the Northwest Multiple Listing […]
Blog Local Market Update — July 2018 The local real estate market looks like it might finally be showing signs of softening, with inventory up and sales down. More sellers have opted to put their homes on the market. Inventory was up 47 percent in King County and price increases were in the single digits. Despite the increase in inventory and slowdown […]
Blog Local Market Update: June 2018 Last month brought some long-awaited, positive news for buyers with May posting the most new listings in over a decade. Despite the uptick in inventory, most homes are selling in less than a month. Prices haven’t been impacted either, with the majority of the region continuing to experience double-digit home price increases. Eastside >>>Click image […]
Blog To Sell or to Rent? The Perks and Pitfalls of Being a Landlord Electing a full sale or a property management situation is a life-changing decision that shouldn’t be taken lightly. In choosing whether or not becoming a landlord is right for you, there are a number of factors to consider, but primarily they fall into the following three categories: financial analysis, risk, and goals. The financial analysis is probably the […]
Blog Three Deck Design Ideas to Get Your Yard Ready for Summer A delightfully warm spring in many parts of the Western U.S. has many folks brushing off their summer clothing early. While this is exciting for all who love the outdoors, public spaces like parks and beaches may be overcrowded. What better time, then, to focus on ways to maximize the space you have in your […]
Blog How to Get Started in Real Estate Investing Investing in real estate is one of the world’s most venerable pathways to building wealth. When properly managed, income from renting or real estate investment trusts can provide you with the financial security to plan out the rest of your life. The conclusion is easy to envision, but knowing where to begin can be overwhelming, […]
Blog Local Market Update – May 2018 Another month, another record. Despite a slight uptick in inventory that showed the highest level of active listings since last August, both King and Snohomish counties saw home prices in April hit all-time highs. There is less than one month of inventory available in both counties, far below the four to six months of supply […]
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Blog The Gardner Report – First Quarter 2018 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. Economic Overview The Washington State economy added 96,900 new jobs over the past 12 months, representing an annual growth rate of […]
Blog Local Market Update – January 2018 2017 closed out the year with historically low inventory and record-breaking price gains. A strong local economy and brisk population growth has helped fuel a steep discrepancy between supply and demand. As long as this imbalance remains, 2018 is on track to remain a very strong seller’s market. Eastside Defying the usual winter slow-down in […]
Blog Empty Nesters: Remodel or Sell? Your kids have moved out and now you’re living in a big house with way more space than you need. You have two choices – remodel your existing home or move. Here are some things to consider about each option. Choice No. 1: Remodel your existing home to better fit your current needs. Remodeling gives […]
Blog 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 […]
Blog 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 […]
Blog 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 […]
Blog The Gardner Report – Q2 2017 Economic Overview The Washington State economy has been expanding at a rapid pace but we are seeing a slowdown as the state grows closer to full employment. Given the solid growth, I would expect to see income growth move markedly higher, though this has yet to materialize. I anticipate that we will see faster income […]
Blog Seattle Area Popular With Residents & Outsiders It seems like a tale as old as time. Many people are wanting to move to Seattle, but no one else really wants to leave. This leads to our favorite real estate headline for the last several years: inventory is low, prices are rising. Seattle-based Zillow recently analyzed searches on their website and compared the […]
Blog Local Market Update – May 2017 Each month, Windermere Real Estate releases a statistic report breaking down median sales prices, months of inventory, and closed sales. These reports are perfect for watching the growth and success of our local real estate market. If you’re looking for a more detailed explanation of our housing market, feel free to reach out to me. […]
Blog The Gardner Report – Q1 2017 Windermere’s Chief Economist Matthew Gardner prepares a report every quarter outlining the Western Washington real estate market and shares his predictions for the months ahead. He recently released his latest report on the first quarter of 2017. Take a look at his full report below. We would be happy to provide you any numbers and housing […]
Blog Local Housing Market Update – March 2017 Each month, Windermere Real Estate releases a statistic report breaking down median sales prices, months of inventory, and closed sales. These reports are perfect for watching the growth and success of our local real estate market. If you’re looking for a more detailed explanation of our housing market, feel free to reach out to me. […]
Blog How Long Do Families Stay in a Home? The National Association of Realtors (NAR) keeps historic data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average […]

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