Home Values

Sep 20

Are we bubbling yet?

No Bubble Says Zillow Chief Economist We aren’t in a bubble, and won’t be entering one anytime soon. There are big differences between the market then and the market now: Then, loose credit, speculation and overbuilding were ingredients in a recipe for disaster. Now, healthy home buyer demand is being driven largely by a stable …

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Feb 13

Seattle slowest home price gains in three years

Seattle home prices grow at slowest pace in three years But with Seattle condo prices and Eastside home costs still surging, the region remains among the hottest housing markets in the country. Home prices usually cool off in the winter, but this time the change is more pronounced. The median cost for a single-family house …

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May 09

Don’t worry… Warren Buffett says there’s no housing bubble

With home prices expected to appreciate by over 5% this year, some are beginning to worry about a new housing bubble forming. Warren Buffet addressed this issue last week in an article by Fortune Magazine. He simply explained: “I don’t see a nationwide bubble in real estate right now at all.” Later, when questioned whether real …

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Mar 12

Few homes for sale are driving Puget Sound home prices to new highs

King County median price hits all time high in February The Seattle Times reports that the median price of single-family homes sold in King County hit a new all-time high in February— $514,975 — amid record-low inventory. This is sure to herald in even more intense bidding wars ahead for the typically busy spring home-buying …

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Feb 18

January King County home prices hit new highs, inventory at new lows

Low inventory of homes for sale turning Seattle area into an ‘extreme seller’s market’ Would-be homebuyers in the Puget Sound area continue to face slim pickings in a tight housing market. Fewer owners are listing their homes for sale, a trend that for months has made it harder for buyers to find homes… and keeps pushing up prices. …

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Feb 02

Home sales in Washington state in 2015 soared past previous highs

For sellers, it’s a dream. For buyers, it’s a nightmare. And for sellers who want to buy their next home, it’s complicated. The number of homes sold in Washington state last year blew past the heady home-selling days of 2007. In 2015, 88,331 homes traded hands, a 14.3% gain over the 77,276 sold in the …

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Oct 12

Deciding which home improvement projects to do?

Home Remodeling… 6 projects to improve your home value Some home improvements are undisputed value-adding winners year after year. Other home projects are only one-hit wonders. Find out the best and worst. Best ROI, return-on-value, is replacement of your front door! “It gives you the best bang for your buck in terms of transforming the …

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Sep 20

​Home Prices Rising! Appraisers say WHOA!

​I recently helped my clients handle multiple offers on their home, and one of the issues that came up was the appraisal. My clients, the Sellers, were requesting that the potential Buyers waive the appraisal contingency and the Buyers resisted. While I do research properties extensively for market value price points, with multiple offers the actual sale …

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Aug 06

King County median home prices slip as market cools a bit

The Seattle Times reports that the median price of King County single-family homes sold in July slipped 3% over the month to $485,000 – a surprising reversal for a month that had actually seen peak prices in each of the past two years. The drop comes after King County’s median home price hit a post-recession …

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Aug 05

Where are prices going in the next 5 years?

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average …

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