Selling Your Home in the Winter

While many buyers and sellers choose to take a break for the holidays, listing your home for sale in the winter can be a great time to take advantage of less competition among other homeowners and get your home in front of buyers that are serious about closing a transaction. If you’re considering selling this season, here are a few key points to consider, courtesy of Upnest.

Read More
Real Estate Tech Trends

It might be hard to believe, but we are edging ever-closer to the new year and 2019 will be here before we know it. The start of a new year signals change and as we prepare what this one will bring, Seattle Times dove into the top four technological trends that are making—or are set to make—an impact on the real estate industry. From modular housing opportunities and automated parking systems to a whole new level of amenities, explore those five trends and the resounding impact they may have on the Emerald City’s future.

Read More
A New Partnership: Leading in Luxury

I am happy to announce Leading in Luxury, a channel in partnership with a brand that understands the value of that reputation; Inman, who serves as the trusted source for real estate industry news, will host this exclusive section on trends, best practices, and innovations in luxury real estate.

Read More
Amazon Narrows Down Potential HQ2 Location—or is it Locations?

Amazon is drawing closer to making a final selection for HQ2 as many are speculating that the company will select not one but two locations for their new headquarters. The two cities that seem nearest to the finish line are Crystal City, Virginia—which is located just outside Washington D.C.—and Long Island City, New York, as executives have made trips and secured high profile meetings with city officials.

Read More
Market Trends: Third Quarter of 2018

Statistics from the third quarter of 2018 are in and Realogics Sotheby’s International Realty has analyzed the data with a look at the latest market trends in Seattle, the Eastside and Bainbridge Island. While previous reports this year continued along the same narrative—of anemic inventory and meteoric home price growth—this quarter brings a different story, as home price appreciation leveled off and buyers found more options on the market.

Read More
Is it Favorable to Buy a Home Amidst Rising Mortgage Rates?

Right now, the 10-year treasury bond is jumping up. With the rise in the 10-year bump, consumers will most likely see another rise in mortgage rates. That is because most loans are sold on the secondary market and they share the same demographic as the investors who buy bonds. So, when one goes up, lenders have to increase interest rates so they can sell the loan to investors who are willing to take on a bit more risk. Interest rates on a 30-year fixed rate mortgage are around 4.625%, which is still relatively low on an historic scale.

Read More
Eddie & Realogics SIR Brokers Attend the 2018 Washington Realtors® Fall Business Conference

From September 26th to 28th, I joined Realogics Sotheby’s International Realty brokers Blake Ruud-Johnson, Katherine Hansen and Jason Gibbons at the 2018 Washington REALTORS® Fall Business Conference, working on issues that impact real estate brokers and current and future homeowners in Washington State.

Read More
Seattle Home Prices Temper their Pace

At just over 12 percent year-over-year, residential prices in Seattle in July 2018 sustained their rate of increase from June, according to the S&P CoreLogic Case-Shiller Index. The Index showed Las Vegas, Nevada widening its lead nationwide with a twelve-month increase of 13.68 percent. Seattle remained second in the nation at 12.05 percent growth. Competing Pacific Coast gateway cities Los Angeles and San Diego were neck-and-neck, with home price increases of 6.37 percent and 6.18 percent, respectively, while prices in San Francisco rose by 10.8 percent.

Read More
Fighting for Beauty: RSIR Brokers Visit Westbank in Vancouver

On Wednesday, September 19th, Realogics Sotheby’s International Realty brokers Jay Kipp, Brad Vancour and I were invited to Vancouver to visit Westbank, a world class developer, as they set the stage for the unveiling of the condominium buildings in Seattle. The first that is set to come onto the market is named First Light and will soon stand at the corner of 3rd and Virginia. In a recent visit to our affiliates at Canada Sotheby’s International RealtyShaz Karim raved about how Westbank dares to do things differently and builds things no one else thinks possible, so excitement was mounting as we boarded a seaplane on Wednesday evening at Lake Union and visited one of their projects, the Fairmont Pacific Rim.

Read More
UW Growth Plan Will Advance with Stricter Transportation & Housing Requirements

The University of Washington proposed its latest growth plan to the Seattle City Council Committee earlier this week and it will now advance with stricter requirements to driving and housing, as it works to massively expand its Seattle campus and construct the highly anticipated Innovation District. As Seattle Times reports, the master plan “calls for the campus to swell by 6 million square feet of academic, athletic, research and office space over the next 10 years and beyond.”

Read More
Is Amazon to Blame for Seattle’s Slowing Housing Growth?

Amidst Seattle losing its top spot on the S&P/Case-Shiller Home Price Index and a slowdown in Amazon hiring, GeekWire asks, “Is Amazon responsible for Seattle’s housing cooldown?” According to the article, in this case, “correlation does not necessarily mean causation,” as market experts say that an increase in the number of homes for sale and fewer buyers on the market are at the root of changes.

Read More
Washington Falls Behind Nevada for Fastest Home Price Growth in the Nation

After 20 months of leading the nation in home price growth, Seattle Times reports that the Evergreen state now trails behind Nevada in year-over-year price gains, though—to the chagrin of buyers everywhere—it’s not “because homes here have suddenly become cheap.” As of June 2018, prices across the state as a whole grew 12.1% compared to this same time last year, down slightly from the 12.8 percent increases reported in May. Many of the region’s markets saw a deceleration of at least 1 percent from May to June, including Seattle, Bellingham, Mount Vernon/Anacortes and Bremerton/Silverdale, among others.

Read More