Seattle & Eastside Real Estate News

What interest rate hikes mean for home buyers | CBS News

As the U.S. economy is getting stronger, interest rates are rising. But that could throw a wrench in would-be home buyers’ plans. CBS News | https://www.youtube.com/watch?v=z5VnYzFKhEI

Bill Gates says it’s ‘a certainty’ that we will have another financial crisis like in 2008

Bill Gates said in a recent Reddit AMA that the US is heading toward a financial crisis of the magnitude of the 2008 downturn. Many economists consider the financial crisis of 2008 to be the worst economic downturn since the Great Depression. According to Bill Gates, the US

Seattle-area home market was nation’s hottest for 2017 — and cheaper areas from Bellingham to Spokane weren’t far behind | The Seattle Times

Seattle finished 2017 as the hottest housing market in the country for the entire year, and isn’t showing any signs of slowing down. And even cheaper towns in Washington, from Wenatchee to Bellingham to Spokane, aren’t far behind on the list of regions with the fastest-rising home prices.

King County housing market kicks off 2018 even hotter than before, as Seattle breaks price record | The Seattle Times

The King County real-estate market finished 2017 as the priciest year in history. And 2018 is off to an even hotter start. Single-family-home prices across the county surged nearly 20 percent in January compared with a year prior, the biggest such annual increase in two years, according to

Rising interest rates’ impact on homeownership  – Curbed

Since the housing collapse 10 years ago, the U.S Federal Reserve has maintained a loose monetary policy, keeping interest rates low and providing easy access to credit. But with the economy nearing full employment and corporate America raking in record profits, the Fed’s policy is tightening. After years

Seattle and Las Vegas: The Hottest Real Estate Markets in the U.S. | Fortune

Looking to buy a home in Seattle or Las Vegas? You might want to hurry, as prices are rising fast—and showing no signs of slowing down.The just-released Standard & Poor’s/Case-Shiller Home Price Index shows home prices in most major markets are increasing steadily, with the west coast being

Seattle housing market inventory remains low, even for winter – Curbed Seattle

Most housing market updates in 2017 could be summarized with one sentence: Inventory is low as demand soars. This, in part, drove huge jumps in housing prices, with a recent report from real estate company Zillow finding that 52 percent of homes in the Seattle metro went above asking last

The Only Hope for Seattle’s Worsening Housing Crisis Is Now China – Slog – The Stranger

That did not take long. The day after Cary Moon officially acknowledged her loss to Jenny Durkan in Seattle’s mayoral race, both the Seattle Times and KOMO posted stories about the great interest Chinese investors have in the local housing market. This is curious because Moon (and I) got a lot of heat from Durkan and

Mortgage Rates Down, Though Home Prices Rise — The Motley Fool

A higher-than-expected drop in home sales last month — they dropped 3.7% year over year to 5.48 million — has helped to keep mortgage interest rates low, though that’s both good news and bad news. As the number of available homes for sale declines, inventory shrinks (last month

Seattle and Eastside home prices, after brief slowdown, surge to record highs | The Seattle Times

  Home prices in Seattle have nearly doubled over the last five years, as the number of local homes for sale hits its lowest point on record. Local home prices are surging back up again to record heights, signaling the end to the normal winter cool-down in the

Seattle’s shortage of homes for sale foments disruptive bidding wars – MarketWatch

The headlines read “Seattle’s real estate market is hot!” Under that glossy surface, Seattle real estate’s inventory dearth is a growing, unruly mess.Home prices in King County rose 12% in February, but that’s no longer an attention-grabber. They rose 18% in the same period one year before. Inventory

Homebuilders can’t meet housing demand | Business Insider

You’re finally ready to buy a house. Got a decent down payment in the bank, a solid credit history and even a preapproval from a lender. You’re golden. Except you can’t find a house. At least not one you really love that’s in your price range. Something about

Gifting Equity in a Home | Wells Fargo

There can be many personal and tax benefits for families who choose to give the gift of equity. Updated September 2016 — Preserving family tradition and effective tax planning may not often intersect. But when parents gift the equity in a home to their children, they may be

New Listing! | 6347 137th Ave NE #283, Redmond 98052 | Kasunic Brokers

6347 137th Ave NE #283, Redmond 98052 Find out more at www.BestRedmondCondo.com

Mega-storm packing 150 mph winds and 50-foot waves set to pummel West Coast | Medium

Packing 150 mph sustained winds, a storm some meteorologists are calling the “biggest storm in history” will hit coastal regions of the U.S… Source: Mega-storm packing 150 mph winds and 50-foot waves set to pummel West Coast – Medium

Congrats to Cristian and his family!

Congratulations to Cristian and his family buying their new home with me in Sammamish!

Western Washington Housing Market Still Strong | NWMLS

News Release Current Statistics | Market Recaps | Market Update Charts KIRKLAND, Washington (Oct. 5, 2016) – It’s still a seller’s market, but some leaders from Northwest Multiple Listing Service think the imbalance may be easing in some areas, pointing to a slower pace of sales and moderating