Category: Headlines

Local Companies Buy & Settle

In separate statements, Zillow and Move said the settlement was an “amicable resolution” and that they intended to put the dispute behind them. Both companies declined to comment beyond the statements. As part of the settlement, neither company admitted wrongdoing. Zillow settles suit by rival for $130 million – Seattle Times Zillow Boosts Accuracy With…




ross seattle times

Bidding Wars, Skyrocketing Prices = Bubble?

In today’s ultracompetitive local housing market, there are now more home-bidding wars than at any point this decade. The result? For the first time during the economic recovery, the majority of homes are selling for above the list price in Seattle and surrounding cities. It’s an inescapable reality from West Seattle to the Eastside: A…




special-olympics-logo

Seattle To Host Special Olympics USA Games & Other Local Headlines

Seattle has been selected to host the 50th anniversary Special Olympics USA Games in July 2018. The quadrennial event – which celebrates athletes with disabilities – will bring tens of thousands of people and hundreds of millions of dollars to the region. “We look forward to welcoming 3,500 athletes, their families, friends and supporters to…




Listings Up, Prices Up & Mortgage Rates Down

Pending home sales in the Puget Sound region’s four-county area are at a near record, more owners are putting their houses on the market, and price increases for single-family homes have started to slow down some. Yet prices still are climbing, and it remains a seller’s market, especially if you’re unloading a condo. The median…




rainier_stamp

Homes Imported From Canada, Assessor Goes Green & What A Gorgeous Stamp

Home prices in Seattle continued to outpace most of the nation’s other top metro areas in February, jumping 11 percent year-over-year, according to the S&P/Case-Shiller 20-city index released Tuesday. The Seattle metropolitan area trailed only the Portland area, which posted an 11.9 percent leap in home prices. Other cities showing the highest year-over-year growth include…




Silicon Seattle, A Few Predictions & Lead In The Water

With high home prices, low inventory and heated bidding wars, Seattle is the new San Francisco. In the metro Seattle area, home-sale prices rose 9.5% from 2014 to 2015, putting the median home value at $385,300, according to the National Association of Realtors. That’s below the limit for government-backed loans for the area, which currently…




Seattle Buyers Get Thrifty & Commercial Rent Control

Seattle Mayor Ed Murray on Thursday named 15 people to a committee that will recommend ways the city can address rising prices that small businesses pay to rent commercial space. He said everything, including rent control and mandating developers include lower cost commercial space in their projects, is on the table. Rent control for commercial…




ross seattle times

Squeeze on Inventory, Booming Downtown & Love That Craftsman

The shortage of homes for sale in the Seattle region is now stretching beyond King County. All four central Puget Sound counties are exhibiting a similar pattern: Prices are going up, but inventory is going down. All four have less than two months of inventory, going into the season when home sales typically heat up….




moving trends

Moving Trends For People, Transit & Google

What’s behind Seattle’s steady growth? The Seattle metro area experienced the fifth largest amount of growth among 85 metros in the Western Region of the U.S. from 2000-2014, an annual average rate of 1.4 percent. While that might not sound like a lot, that is about 700,000 new residents calling the Emerald City home since the…




seattle times 3_15

Scarce Listings, The GMA & Sweet Digs For Expedia

The median price of single-family homes sold in King County hit a new all-time high last month — $514,975 — amid record-low inventory, heralding even more intense bidding wars ahead in the typically busy spring home-buying season. Ominously, the more affordable Snohomish and Pierce counties also face a historically low inventory level, according to a…




Employment Up! & Write Off Rent On Your Taxes?

A new bill hopes to provide some relief to renters who are faced with skyrocketing rental costs – by giving them a tax break. If approved, the bill would allow renters to deduct what they pay for rent from their federal taxes. Could Renters Get a Tax Deduction Soon?  – NAR Latest Unemployment Drop May…




05

More Equity For Owners & Yes! You’re A Seattle Real Estate Broker

Home owners are increasingly optimistic about gaining equity in their homes this year, but they’re still conservative on how much they’ve truly gained. Forty-six percent of home owners with a mortgage say they believe they’ll see their equity increase in 2016, and the majority expect to see a gain by as much as 10 percent,…




zillow

Silicon Refugees To Blame & More Cottages Needed

A very different kind of refugee crisis may drive Seattle home prices even higher in 2016. Zillow senior economist Aaron Terraza anticipates an influx of “Silicon refugees,” that is, tech workers relocating to Seattle because of the high cost of living in the Bay Area. Senior Zillow economist blames rising Seattle home prices on ‘Silicon…




Active_Sold_1215

Prices High, Inventory Low & UW Downtown

King County’s housing market hit two milestones in December: The median single-family home price set a new high, $508,000, topping the $481,000 peak reached in July 2007 before prices began their long slide. And the number of active listings of houses and condominiums — just 2,196 — hit the lowest monthly level since at least…




pantone

Top Place To Sell, Sorry Solo Buyer & Pink Is Back

King County is experiencing the worst shortage of homes for sale in more than a decade, driving prices higher and keeping more would-be buyers in apartments. Housing production can’t keep up with the massive influx of residents from out of state, said Todd Britsch, Northwest regional director for Metrostudy, a research firm that tracks home…




Hot 2016 Market, Bad Rental Timing & Google Jumps In

Metro Seattle ranks fourth nationally as the hottest market to watch for 2016, according to the influential Emerging Trends in Real Estate survey by the Urban Land Institute. This marks a rise from No. 8 in last year’s report. Emerging Trends has proved to be a good barometer of Seattle’s real-estate prospects. “The Seattle market…




2027504744

Pricey MI, Copyright Fight & Zillow Misses The Mark On One Of Their Own

Mercer Island, state’s priciest home market – Seattle Times If you bought your home during these years, you’re really hurting – MSN When it Comes to Photos, Know Before You Publish – Realtor Mag Statewide Form 22A—Financing Contingency: The Seller’s Perspective –  Seattle Bubble FHA changes to condo policies aim to boost homeownership – Inman…




seattle Times november9

We’re #10! No, wait… We’re #4!

Short supply pushes up region’s home prices – Seattle Times Economic opportunity lands Seattle at No. 10 best city to own a home – PSBJ Tech boom drives Seattle to become fourth richest city in U.S. – Geek Wire Struggling to find a house? Try the ‘Seahawks Strategy’ – PSBJ 4 reasons real estate agents…




1

Seattle Ranks High, Who Died Where? & Amazon With Walls?

Strong housing demand, rising home prices and healthy economic conditions pointing to future demand are some of the factors that landed Seattle at No. 1 on a list of the hottest single-family housing markets in the U.S. this fall. Seattle lands at No. 1 on list of top housing markets – PSBJ State report: More…




seattle-demolition-maps

More Demo, More Rules & Not Enough Insurance

At the time of this writing, Seattle’s skyline is populated with cranes. It is rare to walk down a block in the Capitol Hill or South Lake Union neighborhoods without passing a construction site. With every building that is demolished to make way for a new development, the urban fabric changes irrevocably—the old making way…




Most Expensive Neighborhoods In The Puget Sound

Home prices are on the rise throughout the Puget Sound region, but in some neighborhoods, that’s more pronounced than others. The list is a nice mix of neighborhoods in Seattle, which tend to be more dense, and the Eastside, where there are often fewer people, but the prices are higher. That’s not true across the…