Hot housing market: home buyers are spending more than expected

Home buyers are busting budgets — and in some cases selling things they love — to snag their dream houses. A third of home buyers blew through the upper limit of what they planned to spend, topping that cap by an average $16,510, according to a Owners.com survey of 1,214 Americans who purchased a house within the …

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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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Can you still deduct your home-equity loan interest?

Interest on home equity loans is still deductible, but with a big caveat  Many feared that the new tax law — the Tax Cuts and Jobs Act of 2017, enacted in December — was a death knell for deducting interest from home equity loans and lines of credit. These loans are based on the equity in your home …

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Market Update February 2018

It’s still hot out there!    February home-sales data show median home prices smashed records in Seattle and the Eastside. Hopeful buyers won’t have much luck elsewhere as median home prices grew at least 15% in every Puget Sound county. ​   Both Seattle and the Eastside again have smashed home-price records as the region’s housing …

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How to Save Mortgage Interest $$$

If you want to pay off your mortgage early, here are 4 ways to do it     If you can afford it, it might be simple to pay off your mortgage earlier. But should you? That’s a complicated question. Homeowners with low mortgage rates may be better off putting extra money in a Roth IRA or …

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The Real Reason Why Home Prices Are Rising

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak …

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Affording a home… not really so bad

2 Charts Show the Truth about Home Affordability There is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers, and much of the narrative is tarnished with a negative slant. However, the truth is that housing affordability is better today than at almost any time in our …

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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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October 2017 King County Washington Market Update

October 2017 King county washington real estate update

Here are the listings and closed sales statistics for King County Washington during October, 2017.  These PDFs show figures for residential as well as condominium sales.

SEATTLE: Top Rated 18-hour City

RE: Markets to watch in 2018 This year’s  Emerging Trends in Real Estate* survey respondents have selected Seattle as the top-ranked market, up from being ranked number four last year. Many know Seattle as being home to tech giants or for having a well-educated labor force. However, our survey respondents identified Seattle as being strong across …

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