Category: Market Updates

Seattle Metro Area March Housing Report

Provided by Dave Skow Loan Officer  

Housing Market Normalizing

Area Home Values up 85% in Six Years

Single-family home prices in the Seattle metro area have grown faster than anywhere else in the country for the last year and a half, with no sign of slowing, even though prices have been surging for six years. The most recent Chase-Schiller* national housing report marked six years since home values bottomed out in February …

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A Matter of Supply & Demand

House Prices: Simply a Matter of Supply & Demand Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy. This is an example of the theory of “supply and demand” which is defined as: “the amount …

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99% of Experts Agree: Home Prices Will Increase

99% of Experts Agree: Home Prices Will Increase Some believe that the combined effects of the new tax code and rising mortgage rates will have an adverse impact on residential real estate prices in 2018. However, the clear majority of recently surveyedhousing experts believe that home values will continue to rise this year. What is the Home …

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Seattle Homeowners Waiting Longer to Sell

Homeowners in the Seattle area wait longer to sell than in all but four other metro area across the country, even though the average home-selling profit here is the third-highest in the nation      ​ There are lots of reasons why home prices keep surging higher and higher around the Puget Sound region. But …

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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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Housing: To Bubble or Not to Bubble

58% of Homeowners See a Drop in Home Values Coming According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years. After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this …

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No escape for priced-out Seattleites…

Home prices set record for an hour’s drive in every direction If you’re searching for a piece of somewhat good news for home seekers, the Eastside’s median price fell $5,000 from last month’s record, and now sits at $875,000. That’s still up 15.1% from a year ago. For the first time since before the recession, …

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FEBRUARY 2017 STATS… Eastside Update by Zip

Double click 1) on image, and then 2) on subsequent image to increase size. Don’t see your zip code here? Just email me and I’ll send it out to you! BELLEVUE 98004 Market Update BELLEVUE 98005 Market Update BELLEVUE 98006   Market Update      BELLEVUE  98007  Market Update     BELLEVUE 98008  Market Update    REDMOND 98052 Market …

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