economy

economy Seattle/ Eastside Market Update – November 2016 Home sales outgained new listings again in October, further squeezing already tight inventory and pushing prices higher. Since new listings traditionally decrease in the fall, that inventory shortage is expected to last until spring. Sellers willing to put their home on the market now can expect plenty of interested buyers, and a highly favorable chance […]
economy The Trump Effect – How will it impact the US economy and housing? The American people have spoken and they have elected Donald J. Trump as the 45th president of the United States. Change was clearly demanded, and change is what we will have. The election was a shock for many, especially on the West Coast where we have not been overly affected by the long-term loss in […]
bellevue Seattle/ Eastside Market Update – September 2016 While homes prices were up by double-digits compared to a year ago, the market frenzy that has affected most of this year is showing some signs of moderating. With the exception of the Eastside, prices for most of the region were down from their peak. Home sales generally outpaced the same period a year ago, […]
economy Seattle/Eastside Market Update – August 2016 Home prices are still on the rise compared to a year ago, but there is some indication that prices are moderating. Combine that with an increase in inventory and we may be seeing some relief for buyers. Time will tell whether this is a momentary breather, or if we’re slowly moving to a more balanced […]
bellevue Seattle/Eastside Market Update – June 2016 House hunters looking for relief from soaring rents continued to snap up homes at a record pace in May. By one analysis, 80 percent of the homes coming on the market in King and Snohomish counties sold within the first 30 days – many within the first week. With a severe lack of inventory in […]
economy Seattle / Eastside Market Update – May 2016 The supply of homes for sale in April was up over March, indicating that more sellers are deciding to list their homes. But with less than a month of inventory available in the area, it’s still a seller’s market. While prices were up over last year, the increases aren’t as lofty as they were in […]
economy Housing Economics 101 – Q1 2016 Historically low inventory levels, how we got here, and what to expect in the coming year The housing market is performing remarkably well, with the exception of incredibly low inventory levels in many areas throughout the country. Why is this happening? Windermere’s Chief Economist, Matthew Gardner, explains why and offers his predictions for what we […]
economy 4 Reasons to Sell Your House Now   1) Sale prices are at all-time highs. Home prices in King County hit new highs last month. The median price of a single family home sold in King County in February was $514,975, a whopping 20% increase over a year ago. The median price in Seattle was up 24% to $644,950. The Eastside’s median […]
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economy Seattle/Eastside Market Update – January 2016 2015 closed out the year with home prices hitting new highs, and inventory hitting new lows. The market is tough for buyers who are competing for a dwindling number of homes, but it’s also the greatest seller’s market in recent memory. What’s in store for 2016? Here is what Windermere Chief Economist Matthew Gardner forecasts.
economy 2016 Economic & Housing Forecast Matthew Gardner is the Chief Economist for Windermere Real Estate, specializing in residential market analysis, commercial/industrial market analysis, financial analysis, and land use and regional economics. He is the former Principal of Gardner Economics, and has over 25 years of professional experience both in the U.S. and U.K.  He shared the following report. The National Economic […]
bellevue Seattle/Eastside Market Update – November 2015   The hot real estate market shows little sign of slowing down. Home prices continued to move upward. With the number of pending sales exceeding the number of new listings, the supply of homes is falling well short of demand. The inventory of homes in the Puget Sound area is 23 percent less than a […]
economy Seattle/Eastside Market Update – October 2015 Strong sales continue to whittle down a dwindling supply of homes. The lack of supply to meet demand kept driving home prices upward in September. While the Puget Sound area saw steady appreciation over a year ago, there are signs that the frenzied level of growth may be starting to moderate – good news for […]
economy State of the Market Last year’s real estate market was primarily driven by low rates, low inventory and an abundance of buyers.  In 2014, home prices rose 6.1% in Seattle and 8.7% in Bellevue as sellers took advantage of multiple offers and quick sales.  The buyers who were fortunate enough to purchase, did so at an average 30 year […]