2021 First Quarter: We saw more of the same. January started off a bit slow as we were waiting on the sellers to make their move. The second week of February exploded or so it seemed. The frustrated buyer pool was not shy with their offers as they knew that the listing agents were typically receiving 15 offers or more.
Take a look at home value appreciation across the country and our neck of the woods. Nationally: Home prices rose a nearly 8% according to several reports. Contributing to this were several hot pockets both urban and rural. Prices rose 10% and higher in these smaller metropolitan markets: Indianapolis, Kansas City, Boise, Austin, Cleveland, …
Good News for Buyers – Conforming Loan Limit Increases Again!. Back in 2019, we were all excited when the single-family conforming loan limit for King, Pierce, and Snohomish Counties was increased to $741,750. That was Then … This is NOW! The conforming loan limit for King, Snohomish, Pierce Counties has increased again nearly 5% to …
Conforming Loan Limit Increase Opens Buyer’s Options Read More »
Summary of an Article from Realtor.com . Millennials, the largest generation in U.S. history Millennials are the largest generation in U.S. history, surpassing Baby Boomers. They were born between 1981 and 1997. For the last 5 years, they have been the dominant buying force in the market. This survey was conducted in June 2020 of 2,000 …
First and foremost, I hope that you and your family are doing well and adapting to this “new normal”. Our prayers certainly go out to those that have lost family members and those that have lost jobs. It has been a long seven months with so many financial and life changes. We will get through …
The 2020 Second Quarter Numbers are In! The number of home sales on the eastside are down more than 30% and appreciation has slowed. Can sellers continue to wait to sell their homes? Are we on the verge of a price correction? I have been keeping track of the quarterly eastside real estate market numbers …