My View of the Market

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 […]
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 […]

Facebook
Twitter
Pinterest
Copy Link

Facebook
Twitter
Pinterest
Link copied to clipboard

Copy Link

Social Links Widget

Click here to edit the Social Media Links settings. This text will not be visible on the front end.

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 […]

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 […]

Don't Miss Our Next Post

Subscribe Now

Consent to Contact

I consent to receive marketing content from Windermere Real Estate and licensed agents within. This includes, but is not limited to, relevant market reports, listing information, newsletters, and event info. Consent can be withdrawn at any time by clicking the "unsubscribe" link contained in any email.

See our Privacy Policy for more details.

You have been subscribed

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 […]