Wednesday, October 14, 2020 / by Laura Lynn
Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them.
Mark Fleming, Chief Economist for First American, just reported:
“Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.”
Buyer demand is still strong heading into the fall. ShowingTime, which tracks the average number of buyer showings on residential properties, just announced that buyer showings are up 61.9% compared to the same time last year. They went on to say:
“Normally, real estate activity begins to slow down in the late summer, but this year it peaked in July, August and into September.”
There Is One Big Challenge
Purchaser demand is so high, the market ...
Monday, May 25, 2020 / by Laura Lynn
Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level.
Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan.
Let’s connect to determine the best way to position yourself for a move in today’s market.
Want to discuss this further? Call us at 425-209-0204 or email email@example.com
Saturday, February 1, 2020 / by Laura Lynn
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We are well into the Winter season and have officially checked off one month into the new year! To help you ring in the shortest month of the year and find ways to show your loved one just how special they are on Valentine's Day, we've gathered some great local events, date night recipes, unique getaways, and much more to embrace all that February is about to bring us!
January 2020 Market Recap
Median Sales Price (King County)
2019 $565K 2020 $590K UP 4.4%
Median Sales Price (Seattle)
2019 $640K 2020 $670K UP 4.7%
Median Sales Price (Eastside)
2019 $800K 2020 $780K DOWN 2.5. ...
Wednesday, January 8, 2020 / by Laura Lynn
Which month do you think most people who are considering buying a home actually start their search? If you’re like most of us, you probably think the surge happens in the spring, likely in April. Not anymore. According to new research, January 2019 was only 1% behind February for the most monthly views per listing on realtor.com.
So, what does that mean? The busiest season in real estate has just begun.
The same research indicates,
“Historically, April launched the kickoff of the home shopping season as buyers would come out of their winter hibernation looking for their new home. However, the spring shopping season now starts in January for many of the nation's largest markets.”
With the reality of fewer homes on the market in the winter, and that supply naturally increases as we head to the spring market, waiting for more competition to list in your neighborhood this year might put you behind the curve. Perhaps now ...