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Blog With Mortgage Rates Climbing, Now’s the Time To Act       Last week, the average 30-year fixed mortgage rate from Freddie Mac jumped from 3.22% to 3.45%. That’s the highest point it’s been in almost two years. If you’re thinking about buying a home, this news may have come as a bit of a shock. But the truth is, it wasn’t entirely unexpected. Experts have been calling for rates to […]
Blog Local Market Update: January 2022     Record-low temperatures combined with record-low inventory put a chill on housing activity in December. With very few homes available to buy, sales were down. Lack of supply and high demand continued to push prices up. Since the winter months historically bring the smallest number of new listings, buyers should not expect relief anytime […]
Blog Expert Insights on the 2022 Housing Market As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022. Odeta Kushi, Deputy […]
Blog Happening on the Eastside: January 2022 Happy New Year! If you’re looking to start 2022 off with a bang – you’ve come to the right place! 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 parade and ice skating to art markets and concerts! If […]
Blog What Everyone Wants To Know: Will Home Prices Decline in 2022? If you’re thinking of buying a home in today’s housing market, you may be wondering how strong your investment will be. You might be asking yourself: if I buy a home now, will it lose value? Or will it continue to appreciate going forward? The good news is, according to the experts, home prices are […]
Blog Local Market Update: December 2021   While the housing market typically slows down in the winter, fewer buyers are taking a break this year. High demand and scant inventory still favor sellers, who continue to see multiple offers. In one bright spot for buyers, home prices – while up from over a year ago – appear to be evening out […]
Blog 2022 Housing Market Forecast   Each year, Windermere’s Chief Economist, Matthew Gardner, helps us plan for the year to come with his annual forecast about the state of the economy and upcoming housing market trends. According to Gardner, the U.S. housing market has been a beacon of hope during the pandemic period. Given the massive spike in demand that […]
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Blog Happening on the Eastside: December 2021 The holidays are upon on and if you’re looking for festive fun for the whole family, you’ve come to the right place. Every month we put together a comprehensive list of community and special events happening across the Eastside in cities like Kirkland, Bellevue, and Redmond with everything from parade and ice skating to art […]
Blog What’s Happening with Home Prices? Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions. How much have home values appreciated over the last 12 months? According to the […]
Blog Sellers Have Incredible Leverage in Today’s Market With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), puts it best, saying: “Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further […]
Blog The Gardner Report – Third Quarter 2021 REGIONAL ECONOMIC OVERVIEW The emergence of the of COVID-19 Delta variant had a palpable impact on the region’s economy, which, naturally, impacted the job recovery. Employment levels in Western Washington had been picking up steam in the spring but started to slow quite dramatically over the summer. To date, the region has recovered more than […]
Blog Happening on the Eastside: November 2021   If you’re looking for all the fun, creative ways to stay active this November look no further. Every month we put together a comprehensive list of community and special events happening across the Eastside in cities like Kirkland, Bellevue, and Redmond with everything from art fairs and food trucks to drive-in movies and farmer’s […]
Blog What Do Past Years Tell Us About Today’s Real Estate Market? As you follow the news, you’re likely seeing headlines discussing what’s going on in today’s housing market. Chances are high that some of the more recent storylines you’ve come across mention terms like cooling or slowing when talking about where the market is headed. But what do these terms mean? The housing market today is anything but normal, and it’s still […]
Blog Local Market Update – October 2021 Despite a boost in new listings, inventory remained as tight as ever in September. The shortage of homes for sale combined with pent-up buyer demand and low interest rates kept prices high as compared to the same time last year. However, home prices over the past few months appear to be leveling out. The market […]
Blog 4 Tips To Prep for Your Home Sale This Fall Even in a hot sellers’ market like today’s in which homes are selling so quickly, it’s still important to make a good first impression on potential buyers. Taking the time upfront to prep your house appropriately can bring in the greatest return on your investment. Here are four simple tips to make sure you maximize the sale […]
Blog Happening on the Eastside: October 2021   Autumn is in full swing – some have gone back to school, the weather is getting chillier, and leaves are turning. If you’re looking for ways to savor the season, we’ve got you covered! Every month we put together a comprehensive list of community and special events happening across the Eastside in cities like […]
Blog Is the Number of Homes for Sale Finally Growing? An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last two years. It’s the reason many would-be purchasers are frustrated with the bidding wars over the homes that […]
Blog Local Market Update – September 2021   Prices appear to be cooling, according to Windermere Chief Economist Matthew Gardner. In King County, the median list price was lower in August than in July, and the median sales price also dipped slightly from the prior month. “I believe this is because we are hitting a price ceiling and that the rabid pace […]
Blog What You Can Do Right Now To Prepare for Homeownership As rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data from ApartmentList.com: “The first half of 2021 has seen the fastest growth in rent prices since the start of our estimates in 2017. Our national rent index has increased by 11.4 percent […]