Education December 2020 Housing Market Update (NWMLS Press Release) Northwest MLS brokers say real estate activity across Washington remains strong Here are the bullet points from the newest press release from the Northwest Multiple Listing Service, which provides housing market data for most of Western Washington: buyer demand remains strong, while inventory is too low to satisfy the demand buyers must be ready to […]
Education November 2020 Housing Market Update (NWMLS Press Release) Anxiety among home buyers “incredibly high” as they vie for unpreceded shortage of homes across much of Washington state Here are the bullet points from the newest press release from the Northwest Multiple Listing Service, which provides housing market data for most of Western Washington. active listings were down 40% compared to the same month […]
Education October 2020 Housing Market Update (NWMLS Press Release) September’s home sales reached highest level since June 2018 Here are the bullet points from the newest press release from the Northwest Multiple Listing Service, which provides housing market data for most of Western Washington. September’s closings marked a jump of nearly 28% from the same month a year ago inventory is down 43% from […]
Uncategorized September 2020 Housing Market Update (NWMLS Press Release) Would-be homebuyers have more buying power, but also more competition for meager inventory Here are the bullet points from the newest press release from the Northwest Multiple Listing Service, which provides housing market data for most of Western Washington. all-time low interest rates mean home buyers have more buying power, but the lack of inventory […]
Market Update August 2020 Housing Market Update (NWMLS Press Release) Opportunities abound for home buyers and sellers, but brokers say “don’t delay” Here are the bullet points from the newest press release from the Northwest Multiple Listing Service, which provides data for most of Western Washington. pent-up demand from homebuyers meant inventory remained tight pending sales jumped nearly 14% from a year ago inventory remained […]
Uncategorized Interest Rates at 12-Month Lows Interest rates for mortgages are now around the low 4% range for a 30-year fixed loan. There’s a general rule of thumb for interest rates that goes like this: for every 1% change in interest rates, you gain or lose 10% buying power. So if you were pre-approved to buy a $500,000 house a few […]
Market Update February 2019 Seattle Market Report Heating Up! Stats for the Seattle real estate market for February 2019 are out, so here’s the market update condensed into some highlights. Pending sales are down about 14 percent compared to February 2018. Inventory in Seattle rose from January to 1.8 months (0-3 months of inventory is considered a seller’s market). Median prices increased […]
Education Sewer Scope What am I looking at? This is the view from a video camera during a recent sewer scope of a townhouse in Ballard. The camera went through over 100 feet of sewer line on the property before finally hitting the main sewer line out in the street. To our surprise, it was cavernous and brick-lined! Not […]
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