The Low Inventory Effect: Nationally and Close to Home
The Low Inventory Effect: Nationally and Close to Home The video below from Matthew Gardner, Windermere’s Chief Economist, refers to the effects of constricted inventory levels on the national housing market in a higher interest rate environment. Review the localized numbers that I gathered that pertain to King and Snohomish Counties and then check out […]
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Win-Win: How to Overcome Interest Rate Pressure with Creative Financing
Win-Win: How to Overcome Interest Rate Pressure with Creative Financing Lately we have talked about life changes leading to real estate moves. Sometimes moves are brought on by joyful advancements in life and sometimes they are motivated by hardship. Then there are times when your actual house just doesn’t fit your life anymore and it […]
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Should You Stay or Should You Go?
Should You Stay or Should You Go? Interest Rates Limit Inventory and Stabilize Prices There has always been a direct correlation between interest rates and home prices. The rule of thumb has always been when rates go up prices go down, and vice versa. This was temporarily proven true in the summer of 2022 when […]
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Clarity Through Chaos: Using the Data to Guide Decisions
Clarity Through Chaos Using the Data to Guide Decisions I think we can all agree that we have been on a bit of a wild ride over the last 12 months in the real estate market. When the Fed decided to change its trajectory on interest rates in mid-2022, it created chaos and confusion. During […]
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2023 Market Predictions, Fact Checked.
2023 Market Predictions, Fact Checked. One of the reasons why we are fortunate to have Matthew Gardener as our Chief Economist at Windermere is his transparency. Every year, Matthew makes predictions for the coming year based on his monumental research and years of experience. Just this week, he reviewed his 2023 predictions and recorded the […]
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Let’s Dance! Prices Stabilize & Even Grow Amidst a Chaotic Interest Rate Market
Let’s Dance! Prices Stabilize & Even Grow Amidst a Chaotic Interest Rate Market If we let the media determine the mood regarding the housing market, it would be time to shut the party down and call it a night. I’m here to report that we are still dancing and there is a lot to celebrate! […]
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10 Bills Passed That Will Affect Housing in Our State
A Busy Legislative Session for Housing: 10 Bills Passed That Will Affect Housing in Our State On April 23rd the Washington State Legislature adjourned after passing 10 new bills that will affect housing. Some of the bills are geared toward creating more transparency around brokerage transactions, some are intended to institute more opportunities for building […]
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The Difference Between Long-Term & Short-Term Interest Rates
The Difference Between Long-Term & Short-Term Interest Rates It is very important that consumers understand the difference between long-term interest rates and short-term interest rates. Long-term rates involve home mortgages such as conventional 30-year fixed, Jumbo, FHA, and VA loans. Short-term rates involve car loans, credit cards, and Home Equity Lines of Credit (HELOCs). While […]
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Housing Absorption Trends, Interest Rates Hovering, and Inventory Constricting
Housing Absorption Trends, Interest Rates Hovering, and Inventory Constricting Three key elements to pay attention to when assessing prices and the real estate market. As we round out the first quarter of 2023, three real-time trends to pay close attention to in order to truly understand what is happening in the real estate market are […]
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