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Local News and Events Matthew Gardner’s 2022 Predictions for the Local Economy & Real Estate Market Last week, my office hosted our 14th annual Economic Forecast Event with Matthew Gardner, Windermere’s Chief Economist. It was an hour-long presentation followed by lively Q & A that was packed with useful information to help guide us as we start the new year. Matthew journeyed the audience through a macro to micro approach, reflecting […]
Local News and Events Is your home Windermere Ready? Home improvements with no upfront costs leads to profitable seller returns.   How a home is prepared for the market has a direct economic effect on the results a seller will have in the marketplace. Making home updates to match today’s trends, repairing deferred maintenance items, deep cleaning, and home staging all help contribute to a higher return for home sellers and less time on the market. According […]
Local News and Events 2022 Predictions for the Real Estate Market At Windermere, we have the benefit of being expertly guided by our Chief Economist, Matthew Gardner. Every year he shares his predictions for the US Economy and Housing Market. I have included a list of highlights below along with a link to a video where he spells it all out. Matthew’s Forecast for the US […]
Local News and Events The Zillow Algorithm vs The Human Algorithm: What is best for the consumer? The recent news of Zillow’s plan to shut down their iBuyer program due to a $328 million loss in the third quarter has heads spinning in the real estate world and on Wall Street.  Sadly, Zillow plans to eliminate 25% of its workforce because of its decision to move away from the practice of purchasing […]
Local News and Events Finding Buyer Success in a Seller’s Market: The Triangle of Buyer Clarity Embarking on a home purchase in a seller’s market can be intimidating, but it can be done. Long-term price growth confirms that owning a home is a key element to building household wealth. Home equity gained over time is typically the largest asset that contributes to a household’s net worth. Homeownership is not only an investment, but also […]
Local News and Events 2021 Year-to-Date Real Estate Market Review I’ve said it before and I’ll say it again, the 2021 real estate market has been a head-turner! In the second half of 2020, once we started to emerge from the COVID lockdown, the real estate market started to bustle with activity. 2020 ended up being a robust real estate year driven by low interest […]
Local News and Events Newsletter – Q2 Gardner Report & Summer Food Drive Recap   At Windermere, we are fortunate to have Matthew Gardner as our Chief Economist. In fact, we are one of the only real estate companies in the country to have such a well-respected expert sitting in this role. Not only is Matthew an asset to Windermere brokers and their clients, but he is a coveted […]
Local News and Events Newsletter – Summertime 2021: No Relief in Heat, But Relief for Buyers   Last week I heard a quote from Mike Loftin of the Urban Institute that resonated with me. “We need to stop seeing housing as a reward for financial success and instead see it as a critical tool that can facilitate financial success.” Homeownership as an investment has always been a long-term hold in order for […]
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Local News and Events NEWSLETTER MAY 2021 – Year-to-Date Real Estate Recap: Where We’ve Been & Where We’re Headed Here we are, one-third into 2021, and boy what a ride it has been so far. We all know that 2020 was a unique year full of challenges and change. The pandemic made us pause and reevaluate many aspects of our lives including where and how we live. The impact of the pandemic on the […]
Local News and Events December 2020 Newsletter – Helping our Neighbors in Need As 2020 comes to a close, we pause to take inventory for what we are thankful for and look for opportunities to give back to those in need. We would typically be hosting our annual Santa Photo Event around this time, but this year we are pivoting to this very important food drive. The global pandemic […]
Local News and Events Newsletter, November 2020 – Inventory, Equity & Experts: Laying Fact Over Fact to Find the Truth in the Housing Market.     It is important that we pay attention to the data when measuring the health of the housing market. There are a lot of feelings and media influences that can play into one’s opinion of the housing market. I choose to focus on three things: inventory, equity levels, and the experts. This has been […]
Local News and Events Newsletter – October 2020: The Windermere Bridge Loan. Inventory levels got you down, but your equity is high.      Homeowners across our region are enjoying very healthy equity levels due to an amazing upswing in the real estate market over the last five years. In fact, the median price in King County is up 49% over the last five years and up 51% in Snohomish County. This growth in equity has given […]
Monthly Newsletter Homebuyer Tips for Winning a Home in a Seller’s Market       We’ve said it so many times, but it is so true: these are unprecedented times! In relation to the real estate market, there are many factors that are contributing to this environment. First and foremost, we are living through a global pandemic. Our daily lives have changed and they will probably never […]
Buying When Equity Meets Lifestyle: Sellers Moving Out, the Push to the Burbs, & Who’s Coming into the City    Over the last 5 years, housing has had abundant price appreciation, providing substantial equity for homeowners to utilize to make meaningful lifestyle moves or invest back into where they are. In King County, the median price has appreciated from $463,000 to $689,000 since July 2015, which is a 49% increase equaling $226,000! In Snohomish […]
Local News and Events Updated 2020 Forecast   As we head into the second half of 2020, we are starting to see the makings of a housing market recovery. There was a steep dive down in closed sales in April and May, but a quick snap back in June. This trajectory illustrates a “V” shaped change from the beginning of the COVID-19 […]
Local News and Events Currently Gathered Micro-Data Illustrating Summer is the New Spring Market   Since the onset of the COVID-19 pandemic reaching our region, I quickly shifted to updating you more frequently with information to help you stay informed on the real estate market. Since mid-March, I have been committed to gathering high-frequency data (micro-data) to help illustrate “Where We Are Now” and have provided this newsletter bi-monthly vs. monthly. […]
Buying What is Happening with Home Prices? What is Happening with Home Prices? It is without question we are living in one of the most unique times in all of our lives. Who would have thought we’d experience living life during a global pandemic? Beyond staying safe, adjusting daily habits, and navigating a changing economy, I’ve kept a very close eye on […]
Local News and Events Will COVID-19 Impact Where People Want to Live? Will COVID-19 Impact Where People Want to Live?   Recently, Matthew Gardner, Windermere’s Chief Economist released a video about the effects COVID-19 is having and/or could have on consumer tendencies in real estate. There seems to be quite the paradigm shift happening due to health reasons, appreciating simpler schedules, and the new phenomenon of many people working from home. Along with […]
Local News and Events Are we keeping pace with 2019: A Look at Weekly Sales Activity Amid the Stay at Home Orders There have been a lot of questions that I have encountered about the stability of the housing market due to the global health crisis of COVID-19. I have kept close track of the statistics and daily activity in our market in order to help keep my clients well informed. Inventory levels remain very tight and buyer demand […]
Local News and Events Monthly Newsletter – February: Interest Rates Bottom Out, Sparking High Buyer Demand Most recently, we have experienced an uptick in market activity. In fact, King County saw a 35% increase in pending sales from December to January, and Snohomish County 38%. The seasonal uptick from the holidays to the New Year is normal, but it was quite sizable. This is reinforced by a 6% increase in pending […]
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