Economic Forecasts & Trends

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 South King County Quarterly Market Trends – Q1 2021 Q1 2021 signified a measurable shift in the real estate market. Demand since the first of the year has been brisk, proving Q1 2021 to be one of the most impactful times in market history! Interest rates remain historically low, helping to offset the cost of price appreciation. Rates and the lucrative tech-influenced job market have helped pending sales […]
Economic Forecasts & Trends North Snohomish County Quarterly Market Trends – Q1 2021 Q1 2021 signified a measurable shift in the real estate market. Demand since the first of the year has been brisk, proving Q1 2021 to be one of the most impactful times in market history! Interest rates remain historically low, helping to offset the cost of price appreciation. Rates and the lucrative tech-influenced job market have helped pending sales […]
Economic Forecasts & Trends Seattle Metro Quarterly Market Trends – Q1 2021 Q1 2021 signified a measurable shift in the real estate market. Demand since the first of the year has been brisk, proving Q1 2021 to be one of the most impactful times in market history! Interest rates remain historically low, helping to offset the cost of price appreciation. Rates and the lucrative tech-influenced job market have helped pending sales […]
Eastside Eastside Quarterly Market Trends – Q1 2021 Q1 2021 signified a measurable shift in the real estate market. Demand since the first of the year has been brisk, proving Q1 2021 to be one of the most impactful times in market history! Interest rates remain historically low, helping to offset the cost of price appreciation. Rates and the lucrative tech-influenced job market have helped pending sales […]
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 […]
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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 […]
Economic Forecasts & Trends Newsletter: Matthew Gardner’s Top 10 Things to Look for in 2021 in the Economy and Our Housing Market   Last week I had the pleasure of attending Matthew Gardner’s 2021 Economic Forecast. Matthew is Windermere’s Chief Economist and coveted expert in our region often called upon by the local and national media for his insights on the economy and housing. Windermere has relied upon his forecasts and advice for over 15 years, and […]
Community December 2020 Newsletter – Helping our Neighbors in Need As 2020 comes to a close, we pause to take inventory for what we are thankful for and look for opportunities to give back to those in need. We would typically be hosting our annual Santa Photo Event around this time, but this year we are pivoting to this very important food drive. The global pandemic […]
Economic Forecasts & Trends South Snohomish County Quarterly Market Trends – Q3 2020   The real estate market continued to positively perform in the third quarter and is the bright light in the economy during the COVID-19 health crisis. The protocols in place that have helped protect the safety of the community have recently been expanded to allow small group open houses to help address the demand in […]
Buying Homes When Equity Meets Lifestyle: Sellers Moving Out, the Push to the Burbs, & Who’s Coming into the City    Over the last 5 years, housing has had abundant price appreciation, providing substantial equity for homeowners to utilize to make meaningful lifestyle moves or invest back into where they are. In King County, the median price has appreciated from $463,000 to $689,000 since July 2015, which is a 49% increase equaling $226,000! In Snohomish […]
Community Currently Gathered Micro-Data Illustrating Summer is the New Spring Market     Since the onset of the COVID-19 pandemic reaching our region, I quickly shifted to updating you more frequently with information to help you stay informed on the real estate market. Since mid-March, I have been committed to gathering high-frequency data (micro-data) to help illustrate “Where We Are Now” and have provided this newsletter bi-monthly vs. […]
Community What is Happening with Home Prices? What is Happening with Home Prices? It is without question we are living in one of the most unique times in all of our lives. Who would have thought we’d experience living life during a global pandemic? Beyond staying safe, adjusting daily habits, and navigating a changing economy, I’ve kept a very close eye on […]
Community Are we keeping pace with 2019: A Look at Weekly Sales Activity Amid the Stay at Home Orders There have been a lot of questions that I have encountered about the stability of the housing market due to the global health crisis of COVID-19. I have kept close track of the statistics and daily activity in our market in order to help keep my clients well informed. Inventory levels remain very tight and buyer demand […]
Community Are we Headed Towards a Repeat of the 2008 Housing Meltdown? Are we Headed Towards a Repeat of the 2008 Housing Meltdown? The pressure the COVID-19 global pandemic is putting on the economy is a reality. As a real estate broker, I take great pride in having the honor of being your trusted advisor when it comes to your investment in the housing market and protecting […]
Buying Homes 2020 Real Estate Forecast & More – Monthly Newsletter   Last week, I had the pleasure of attending our office’s 11th Annual Matthew Gardner Economic Forecast Event.  At this event, Matthew gives the crowd a review of the previous year and forecasts trends for the economy and housing market for the next year and beyond.  Below are my Top 12 Takeaways worth noting as you […]
Buying Homes South King County Quarterly Market Trends – Q4 2019 In the fourth quarter of 2019, there were 9% fewer new listings that came to the market compared to the fourth quarter of 2018, but pending sales outpaced inventory levels with a 7% increase in sales activity. The trend of pending sales outpacing new listings rang true throughout all of 2019, which illustrates strong buyer demand. This […]