Townhomes have a lot going for them: they are move-in ready, require little maintenance, usually have no HOAs, and also provide the privacy of a small backyard and (usually) a rooftop deck. Buying a townhome can also be cheaper than buying a new construction home in a desirable neighborhood with retail, dining, nightlife, and public transportation.
Each year, an increasing number of people moving to live in big cities. There is something about the rush of living in an exciting, urban area with endless opportunities to explore that draws people in. What’s it really like to live in a luxury downtown high-rise apartment or condominium? Here are some things that people love about living right in the middle of a large city.
Something that is predicted to make an impressive impact this year within the real estate industry is AR, or augmented reality. What is the difference between AR and VR and how can you expect to see it being used in the residential real estate industry? Read more to find out!
Design-forward hotels are beginning to pop up on every corner of the globe. There are so many luxury resorts nowadays that it can be difficult to pick where you want to travel to, and oftentimes the hotel itself can dictate the trip you want to take. Many luxury resorts prioritize guest relaxation, communication with the environment and authenticity. Gone are the days of bare bones hotels with sub-par amenities, today’s hotels are part of a new generation that is striving to give you your best experience yet.
Statistics from the first quarter of 2019 are in and Realogics Sotheby’s International Realty has analyzed the data with a look at the latest residential housing market trends in and around the Seattle area.
Most people think of real estate as simply the process of listing, viewing, buying and selling properties, but new technologies have allowed real estate marketing to be innovative in fresh and inspiring ways. Here are just a few ways in which technological advancements have changed the real estate industry in the past year.
Realogics Sotheby’s International Realty’s acclaimed Research Editor and Data Analyst, William Hillis, has assembled a year-over-year review of eight key counties and 31 regional markets around the Puget Sound.
The i-buying movement has been on the rise recently, especially within the last year. But with the housing forecast in 2019 indicating the market will continue to cool down, a new challenge is posed for electronic real estate companies such as Zillow and Redfin—and the challenges may be even greater in Seattle.
Whether it’s storage that doubles as décor or rooms that mirror soothing galleries, the best of Nordic design invites your eye to rest and consider. To bring a dash of Scandinavia to your own home, try any one of these approaches to embracing the less-is-more ethos.
In early December, the Northwest Multiple Listing Service (NWMLS) press release indicated that home buyers in our region are feeling less pressure and more options amidst lending limit increases and softening home price growth.
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.
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 Timesdove 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.
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.
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.
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.
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.
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.
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.
Sotheby’s International Realty Affiliates LLC today announced that Tera Realty Limited in Shanghai, China is the newest member of its global network and will now operate as Tera Sotheby’s International Realty. Owned and operated by Ted Fang, the firm was established in 2016 and serves the residential real estate market in Greater Shanghai.
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 Realty, Shaz 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.
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.”