If you’re thinking of buying a home, thinking of selling a home, or even have just the smallest shred of interest in real estate, you may have heard the terms ‘buyers market’ and ‘sellers market’ used before. What do these terms mean and how do they affect buyers and sellers differently?
If you’re thinking about selling your home, you may be wondering: what time of year is the best time to do so? Although a good real estate agent can sell a house during any season, there are definitely certain months of the year that are better than others for various reasons.
The housing market in Seattle seemed to cool off in the latter half of 2018, however data from the fourth quarter of the year was recently released, and it proves the market transitioned further from the balanced market of the third quarter and back toward the seller’s market we saw in the first half of 2018.
It comes as no surprise that Seattle’s real estate market is strong, showing very few signs of cooling anytime soon. In RSIR’s latest Quarterly Market Report, the numbers show that home prices—and pretty much everything else—continue to rise. One of the only aspects of the Seattle real estate market that is starting to level off is inventory.
After 21 consecutive months, Seattle’s reign of being the nation’s hottest housing market has come to an end. The newest Case-Shiller home price index, released August 28th, revealed Las Vegas outpaced Seattle by a fraction of a percentage point in June. So, what does this mean for the Emerald City?
The housing market in Seattle continues to thrive as we move through 2018. Data from the second quarter of the year was recently released, proving the local market to be a highly desirable region. Will this quarter's increased inventory be cause of relief for increasing sales prices? Discover trends from the Q2-2018 below.
As the local economy continues to boom, the housing market continues to thrive. Seattle is now tied for having the second-longest streak as the hottest housing market in the country. With 20 consecutive months atop the nation, Seattle isn’t showing signs of slowing down as homes within the area continue to have high demand.
Seattle continues to dominate the country with the highest home prices and hottest market. Many have taken notice to our city’s reign and have decided to take a deeper look into why the local market is seemingly unstoppable.
As we continue to embark through 2018, we look back at the year in the review as a way to see trends within real estate and how we can better serve local communities. This year's market report offers insight into your local housing market.
Recent increases in property taxes have caused quite a bit of confusion (and downright shock) for homeowners. A Seattle Times article highlighted some changes that local homeowners will be subject to starting this year. The coverage includes why taxes are increasing, where the money will go, if you qualify for exemption and more.
Seattle remains to have one of the hottest real estate markets in the country. As 2017 closed, so did the highest median home prices in the city’s history. With the end of the first month of 2018, we are now able to look at what might happen through the year with median prices as we compare the first month of this year with January 2017.
Being a first-time homebuyer can cause a lot of stress – but it doesn’t have to! Seattle Times has tips to avoid any of your homebuying fears by becoming an educated buyer. If you are prepared before looking at houses and surround yourself with professionals the process can be an enjoyable experience which will blossom into a fond memory.
It comes as no surprise that the tech industry is booming in Seattle. Many companies have chosen to call the area ‘home’ causing there to be a shortage in homes for sale.
With real estate prices in the Seattle market as high as they are, the options for buying something that needs some work might be worth considering. Last week, an article titled, "No escape for priced-out Seattleites: Home prices set record for an hour's drive in every direction" was published in The Seattle Times.
One of the first pieces of advice I give to those interested in buying a home is that you shouldn't make any big purchases and watch how you're spending in regards to credit. More specifically, don't do anything that may affect your credit score. So, no late payments, no adding to current debts, and no closing of credit lines (because creditors like to see a long and varied history).