Tag: headlines 2016

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…




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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…