Market Updates

Aug. 14, 2020

Market Update: July 2020

Not much changed in the real estate market this month.  Buyer demand mixed with limited housing supply is still the story.  Across the nation, us Realtors continue to show homes in high volume and this activity remains a lot higher than the year before.  There are multiple ...

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Posted in Market Updates
July 10, 2020

Market Update: June 2020

While a lot of the country was working on reopening our economy by phases in June, the real estate market just keeps getting better and better.  Us Realtors track every time we show a home with ShowingTime, and Nationally we've been out showing homes even more than June of ...

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Posted in Market Updates
June 19, 2020

Market Update: May 2020

I'm so tired of COVID-19 and how it's affecting our communities in general.  Oddly enough, it hasn't seemed to hurt our property values.  We haven't had enough inventory for our buyers and this has caused the values to go up.  For my sellers ...

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Posted in Market Updates
May 15, 2020

Market Update: April 2020

Thank God the stock market bounced back a lot in March.  Bummer part is, COVID-19 continues to disrupt the economy.  According the the US Department of Labor, in just four weeks, over 20-million people filed unemployment claims.  With that said, over the past month real estate has ...

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Posted in Market Updates
April 17, 2020

Market Update: March 2020

As we know, COVID-19 really is having an impact and has spread across the country in March.  The stock market continues to decline and has accelerated in this downward spiral since February.  It did however recover just a little in the last week of March.  It's ...

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Posted in Market Updates
March 27, 2020

Market Update: February 2020

In February, unknown to most of us, a silent killer was arriving here in Seattle, preparing to create mass boredom. I spent half of my adolescence in a dense redwood forest.  We had flash floods and rain that lasted for weeks.  Like most storms, there's a race ...

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Posted in Market Updates
Feb. 14, 2020

Market Update: January 2020

Seattle's Housing Market at a Glance

Life is good for Sellers here in 2020.  Interest rates are the lowest we've seen in over a year, people are feeling safe in their current jobs, and more homes are being built to make up for any shortage.  Currently ...

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Posted in Market Updates
Jan. 10, 2020

Market Update: December 2019

Seattle's Housing Market at a Glance

Today, in my Windermere office meeting, Laura Smith, our co-owner was telling us we should be really excited about this year.  It's been since 1998 since we've seen a balanced market, and we just might see one this year!  ...

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Posted in Market Updates
Dec. 13, 2019

Market Update: November 2019

Seattle's Housing Market at a Glance

     As we all mostly expected, in November, the Federal Reserve once again reduced its benchmark rate for the 3rd time this year.  Interest rates for a mortgage have stayed steady this month.  They're still down more than 1% from ...

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Posted in Market Updates
Nov. 15, 2019

Market Update: October 2019

Seattle's Housing Market at a Glance

     Fannie Mae has been predicting that our low interest rates will continue to get even lower; they seem to be correct as the Federal Reserve reduced the federal-funds target rate by .25%.  Most economists completely expected this and worked ...

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Posted in Market Updates