My View of the Market

My View of the Market – April, 2025

I know what you are thinking. My commentary is going to all be about all the things the news is covering – gloom and doom – tariffs, interest rates, unemployment and how they will affect our market. But I’m not. Instead, I want to compare what is happening right now in our market, how it […]
My View of the Market – March, 2025

Our real estate market has still not resolved to be either a buyer or seller market given the low inventory and high interest rates. That said, it has been harder on some than others. A few facts to put things into perspective. January proved to be the lowest number of pending sales in the last […]
My View of the Market – September 2024

Last week Jerome Powell announced what every Realtor or people looking to buy a home has been impatiently waiting for – a cut in rates. But, being the cautious observer I am, I waited a week to share what I see the cut has meant to our market. Taking in to account my own clients […]
My View of the Market – July, 2024

We’re in an interesting place right now; poised on what could be a significant shift in our real estate market. With the Federal Reserve expected to discuss potential rate cuts in their upcoming meeting, there’s a chance they might lower rates now or leave a hint about when they will make cuts. Mortgage companies tend […]

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My View of the Market – April, 2025 I know what you are thinking. My commentary is going to all be about all the things the news is covering – gloom and doom – tariffs, interest rates, unemployment and how they will affect our market. But I’m not. Instead, I want to compare what is happening right now in our market, how it […]

My View of the Market – March, 2025 Our real estate market has still not resolved to be either a buyer or seller market given the low inventory and high interest rates. That said, it has been harder on some than others. A few facts to put things into perspective. January proved to be the lowest number of pending sales in the last […]

My View of the Market – September 2024 Last week Jerome Powell announced what every Realtor or people looking to buy a home has been impatiently waiting for – a cut in rates. But, being the cautious observer I am, I waited a week to share what I see the cut has meant to our market. Taking in to account my own clients […]

My View of the Market – July, 2024 We’re in an interesting place right now; poised on what could be a significant shift in our real estate market. With the Federal Reserve expected to discuss potential rate cuts in their upcoming meeting, there’s a chance they might lower rates now or leave a hint about when they will make cuts. Mortgage companies tend […]

My View of the Market – June 2024 As we roll into summer, let’s do a quick recap. Real estate around here has been booming this year. The first 3 months saw massive multiple offer situations on new listings. April continued the trend of multiple offer situations, but the numbers dropped to 2-5 offers as opposed to previous months of 10+ offers. May […]

April 2024 – My View of the Market Normally, I have a solid prediction of what the market will do in the coming year. This year I am in a wait-and-see mode. Let me explain. For starters, it was a pretty-hot early spring for real estate. As has been the case for months now, we had many more buyers than sellers, especially in […]

My View of the Market – February 2024 Remember way back last month when Fed Chair, Jerome Powell, shared that it is likely that the Fed will cut rates up to 3 times in 2024? Do you remember how excited I was at this news? Well…that was so…January. Here in February everything has changed. I’m not saying rates won’t drop at all. But […]

My View of the Market – January 2024 Some of you may have taken a break from your holiday merriment and paid attention to the latest Federal Reserve meeting in December. You didn’t? Well, I did for you. So, for those of you that have been too busy, here is a brief recap of the pertinent information. Fed Chair, Jerome Powell, shared some […]

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My View of the Market – December 2023 What will we remember about 2023? Well, the media was intent on telling everyone the real estate sky was falling. Story after story of housing bubbles on the verge of bursting and high interest rates boxing buyers out of the market. I won’t remember it that way. In reality, at least last spring, this year […]

My View of the Market – October 2023 There’s no denying home sales/transactions in the Northwest are down from a year ago. Inventory remains doggedly low. So, while prices year-over-year remain lower, they are up 4% year to date. In most cases, we still have more buyers than sellers. For seller’s this remains a good thing. Days on market for the majority of homes is still […]

My View of the Market – June 2023 Well, there have been newsletters in the past where I feel like I have been repeating myself, but not in this market. Conditions over the last 6 months have been changing rapidly. For example, we had a very strong seller’s market in March and it held through May. Much of this is related to interest rates […]

My View of the Market – April 2023 Don’t believe the gloom and doom. It is still a seller’s market. While January and early February saw an approximate equal number of buyers and sellers, there are currently more buyers than sellers. The lack of inventory persists. Last month, I predicted that the heat of the traditional spring market would be delayed by a month due […]

My View of the Market – March 2023 There is (finally) some good news for the real estate market. For the first time in a long while we are in a balanced market. Even though inventory is still very low, there were more sales in January and February than new listings. January began a shift in buyer sentiment and still continues here at […]

My View of the Market – February 2023 Let’s recap what started out as the greatest year in real estate, then ended in one of the worst closing quarters in real estate history. Interest rates climbed to as high as 7.25% in October. Now they are sitting right at 5.625% due to the last two months rate adjustments. Inflation on home goods is […]

My View of the Market – January 2023 This time of year is traditionally slow for home sales. And, while I am always available at any time to help clients make their best move, my priority is always to help you make the best decision for you. My advice always is, as a seller, you should wait until spring to list. You will make more money. […]

My View of the Mortgage Market – December 2022 Gosh, I’m sick of talking about rates. But, if you or someone you know are considering buying a home, you do need to know what mortgage brokers are currently offering. In the past, brokers have offered a 2:1 buydown. Now, an effort to combat rising interest rates, they are also offering a 3:2:1 buydown. This concept can […]

My View of the Market – November 2022 Everyone begins to shy away from buying or selling a home around this time of year. But should they? Here is my advice. For buyers: The best deals always occur at the end of the year. I believe that will be even more so this year. You may be asking, who wants to sell during Thanksgiving […]

My View of the Market – October 2022 The buzz in the media these days are housing price reductions. Is it true? I have researched all of the current data on the NWMLS. What is true is that average Days On Market (DOM) have increased this year. They have gone from 8 days to 15 DOM. To me, this means that well priced homes […]