Seattle & Eastside Real Estate News

Zillow will flip houses on its own internet marketplace | Engadget

Zillow is no longer just a real estate marketplace that can help you find your next home — the company has decided to become an active participant in the field. In an announcement today, Zillow has revealed that it’ll flip houses in Phoenix and Las Vegas starting this

APR vs. Interest Rate – What’s the Difference? | BOA 

When you’re refinancing or taking out a mortgage, keep in mind that an advertised interest rate isn’t the same as your loan’s annual percentage rate (APR). What’s the difference? Interest rate refers to the annual cost of a loan to a borrower and is expressed as a percentage APR is

Seattle-area home market heats up yet again, leading the country for 17th straight month | The Seattle Times

  Seattle kicked off 2018 the same way it spent the prior year and a half, as the hottest real-estate market in the country, with no slowing down. The cost of the typical single-family house across the Seattle metro area grew 12.9 percent in January from a year

How to WIN a Multiple-Offer Situation | US News

  The real estate market is competitive right now, especially in larger markets like Los Angeles, San Francisco and Seattle. A lack of inventory over the last several years has pushed prices higher and created a challenging environment for buyers who are often up against five, 10 or

20% fewer homes on the market in Seattle this year | King5 News

  Unless more homes are built, economists say they don’t see the trend changing. There will be 20.1 percent fewer homes available on the market in the Seattle metro area this year than in 2017, part of nationwide inventory shortage that Zillow describes as “approaching crisis levels” in

Home sellers are making huge profits. So why aren’t more people selling? | CNN

It’s a great time to sell your home. So why aren’t more homeowners doing it? Sellers profited about $54,000 on average at the end of 2017, according to Attom Data Solutions. That’s a 10-year high and means sellers were bringing in an average return on investment of nearly

Why is Seattle home inventory so low? – Curbed Seattle

Low inventory was the theme of last year’s Seattle real estate news, and so far this year, inventory has been even more sparse. The latest data from Northwest Multiple Listing Service (NWMLS) shows less than a month of inventory available in King County during February—as opposed to about a

Isn’t the home office tax deduction a red flag for an audit? | realtor.com®

Isn’t the home office tax deduction a red flag for an audit? The home office tax deduction offers huge tax savings to those 24% of employed people who now do some or all of their work at home. Yet of all the tax breaks available, this one is among the most murky and misunderstood—all the

Ikea Furniture Assembly Just Got Easier, but There’s a Catch | realtor.com®

If the idea of assembling a Billy bookcase or Svärta bed makes you scream in terror, you’ll be relieved to know that Ikea has heard you, and found a solution: in-house TaskRabbit workers who’ll assemble your furniture for you. TaskRabbit has long been the go-to site for people

Rising Home Prices and Interest Rates Will Inflate Mortgage Bills | realtor.com®

We’ve seen home prices marching steadily upward over the past few years, but now that mortgage rates are finally rising, too, home buyers can expect to see inflated mortgage bills, according to new data from realtor.com®. And nowhere are those bills growing more than in the tech hubs

Pros and Cons of a Homeowners Association | realtor.com®

Home shoppers weigh a laundry list of factors before purchasing a single-family home or condo. Location, price, size, and style are all taken into consideration. But for some, a home in a community with a homeowners association, or HOA—a board of residents who help ensure that your community looks its best and functions smoothly—could

Home Sellers Now Use Spycams to Gather Intel on Prospective Buyers | realtor.com®

Jill Comfort, a Phoenix-area Realtor, had a good feeling about the cream-colored stucco house she planned to show her client, a young man relocating to the city from California. It was in his budget, in the right location and had a huge pool and back yard that would

The Silicon Valley elite’s latest status symbol: Chickens (Now There Are Chicken Diapers…) | The Washington Post

In America’s rural and working-class areas, keeping chickens has long been a thrifty way to provide fresh eggs. In recent years, the practice has emerged as an unlikely badge of urban modishness. But in the Bay Area — where the nation’s preeminent local food movement overlaps with the

Amazon ramps up Seattle growth target despite plans for HQ2 | The Seattle Times

  Amazon plans to grow its Seattle headquarters to almost 14 million square feet of office space, an addition of more than 2 million square feet from the last time the company updated its local real estate plans. As Amazon continues its search for a second headquarters, the

What home buyers and renters need to know about Trump’s steel tariffs – MarketWatch

A can of soda and a six-pack of beer may become more expensive thanks to the Trump administration’s proposed tariffs on steel and aluminum imports. And housing could cost more too. Trump announced on Thursday that he plans to impose a 25% tariff on steel imports and a 10% tariff on aluminum,

Hockey fight: Seattle’s season ticket sales pits owners against scalpers | MyNorthwest

Even the most optimistic local hockey boosters did not expect last Thursday’s outpouring of enthusiasm at the prospect of a Seattle NHL team: More than 25,000 season-ticket deposits collected in one hour, all of it in $500 to $1,000 increments. NHL Seattle gets to 25K season ticket deposits

Tacos to sell listings!!!!!

Somehow I think in our current Seattle market, we don’t need this… but who doesn’t like tacos?

Zillow’s Zestimate overvalued a Washington home by 700 percent in a case of algorithms gone wrong | The Seattle Times

When Seattle residents Sue and Roy Carlson bought a modest home on the Kitsap Peninsula in June, they paid $225,000 — a discount because the house was headed for foreclosure. Redfin now estimates the home in Belfair, southwest of Bremerton, is worth $318,000. Realtor.com’s algorithm pegs the house