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
Oct. 18, 2019

Market Update: September 2019

Seattle's Housing Market at a Glance

     With the kiddos going back to school and "The Big Dark" upon us, the housing market is beginning to cool also.  On a national level, buyer and seller activity has remained strong, buoyed by low mortgage interest rates and a ...

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Posted in Market Updates
Sept. 20, 2019

Market Update: August 2019

Seattle's Housing Market at a Glance

     Summer is coming to an end and there are many trends and opposing factors that are competing to change the direction of the real estate market.  Many of you now, the Federal Reserve lowered its benchmark interest rate on July ...

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Posted in Market Updates
Aug. 16, 2019

Market Update: July 2019

Seattle's Housing Market at a Glance

We started our recovery in June 2009 and this month it has become the longest economic expansion in the nation's history.  I mean, can you believe it's been 121 months of gross domestic product growth?!  This month, we surpassed ...

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Posted in Market Updates
July 19, 2019

Market Update: June 2019

Seattle's Housing Market at a Glance

For June, most everyone expected the Federal Reserve wouldn't change the target range for the federal funds rate (currently it's 2.25% to 2.5%).  We know the economy is doing well because people are employed and spending money on ...

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Posted in Market Updates
June 21, 2019

Market Update: May 2019

As you know, I like to look at all of the numbers every month, so I can give you a better idea of how the housing market is moving.  It's my hope that it'll give you the information needed to make a more informed decision.  When ...

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Posted in Market Updates
May 17, 2019

Market Update: April 2019

ALERT-Jan 2020 RE Excise Tax Changes

ALERT New formula for real estate excise tax calculations beginning January 1, 2020

CHANGES COMING JANUARY 2020 The Washington State Legislature is changing the way in which real estate excise taxes (REET) are calculated.

Currently, the Washington state excise tax is 1.28 percent. Local municipalities add their excise tax ...

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Posted in Market Updates
April 12, 2019

Market Update: March 2019

2019 Cherry Blossoms at UW in Seattle.jpgMany of you know, I'm a walker and a flower lover.  Previewing homes and walking to open houses this Spring has been a joy.  Even the National Association of Realtors has been telling us that foot traffic is up.  If you're looking for flowery things ...

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Posted in Market Updates
March 8, 2019

Market Update: February 2019

When I'm out in the field I get these three questions a lot:

Q. Do you think I should purchase a condo, because the price per square foot is lower?

A. Condos generally cost more money when looking at the price per square foot. Here's what February 2019 ...

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Posted in Market Updates