Tag: Seattle housing

Rise of the mortgage-free Seattle homeowner

Aging Boomers and Rich Millennials… fueling the rise of the mortgage-free Seattle homeowner If you’re among the thousands struggling with the high cost of housing in Seattle, here’s a statistic that might make you wince. Census data show that in 2016, more than one in four Seattle homeowners owned their home outright, free from any mortgage …

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Housing bubble or not? Signs here not clear — yet

Jon Talton / Columnist / Seattle Times / July 10, 2016 Housing bubble or not? Signs here not clear — yet Jon Talton called our previous ‘bubble and crash.’ Does he see the same thing today? Reporting in the Seattle Times, Talton notes that Seattle home prices have risen a startling 74% percent in the past five years. As of June, the median …

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Seattle’s Tech Magnet means prices up – Redfin

From the stalwarts to the tech magnets and comeback kids, the new year is likely to see several types of markets. Redfin recently highlighted six “housing market personas” that they believe will be driving the continued recovery in 2015. Here’s an overview of the personas and the pros and cons of each: Stalwarts: “Strong economies, …

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Most expensive cities to buy a home puts Seattle #23

Home prices bubbling again? Some faint concern is evidenced when prices raise 15% in a year… which we have seen in King County with November’s median price at $426,000. But our prices are not the most ‘un-affordable’ for residents earning a median income for the area. San Francisco prices exorbitant In San Francisco, only 14% of …

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As the leaves fall, so have house prices fallen in the Seattle area

Single-family home prices in King County saw a remarkable run from January to July, when the median price hit $434,000, a 24% increase in just seven months. Sounds like a 2006 market, doesn’t it? Then a jump in mortgage rates took some steam out of the market. In August, the median sale price slipped almost 1%. …

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Seattle #6 in 2013 Healthiest Housing Markets

And, you might ask, how did we make the cut? The healthy markets that made the list have 1) strong job growth (Bureau of Labor Statistics) which bodes well for housing demand; 2) low vacancy rates (U.S. Postal Service)–low enough to encourage new construction, but not so low that inventory and sales are restrained; 3) …

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Rents rising: Seattle rents up 9.5% as of June

Home prices make gains in June  June asking prices for homes sold were up by 0.3% month over month in June 2012, the latest month of Trulia national data. Aside from May, when asking prices increased by so little that they were essentially unchanged, asking prices have moved up every month since February. Now, even the year-over-year price …

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The ‘bottom’ here?!

Recovery just around the corner… or here? Experts have been calling a bottom for the housing market ever since the bubble began to collapse in 2006… and they’ve been uniformly wrong. So, are we finally there? David Stiff, chief economist of Fiserv, the financial-services technology company that produces the widely followed Case-Shiller indexes, says ‘yes.’ House …

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Bidding wars erupt in Seattle

… yes! You read that correctly! With inventory low and jobs returning, well-priced homes are seeing multiple bids. From Bloomberg Business Week: Matthew and Carina Hensley offered $10,000 more than the asking price for a three-bedroom house in suburban Seattle, then lost out to one of seven other bidders. Their $270,000 proposal last month came …

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U.S. Cities Where Homes Sell the Fastest

Although the U.S. housing market continues to struggle, many local markets are doing significantly better than the country as a whole, with some places virtually missing the housing bust altogether. While shifts in home values are important in any market, it’s important for sellers to determine the length of time a property can expect to …

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