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Case & Point

As a follow up to my April View of the Market post, earlier this month I listed this little gem in West Seattle. It featured two separate living spaces as well as a 2-car garage w/additional parking. A big bonus for in-city living. While we painted and spruced it up, spaces like the kitchen had not […]
Real Estate Forecast – Interest Rates

Of course I have to talk about interest rates. Interest rates are still volatile. It has been a roller coaster ride for the last month. Rates go up and go back down as the Fed and the stock market reacts to new information. Last week we received news that the Fed is planning on raising […]
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 […]
Recession?

The media may not have announced it yet, but if you’ve been paying attention, you know the long-forecasted recession is already upon us. Maybe after the summer spending has settled it will start showing up in the headlines – but the signs are there today. I’ve spoken with local builders and investors as well as […]

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Case & Point As a follow up to my April View of the Market post, earlier this month I listed this little gem in West Seattle. It featured two separate living spaces as well as a 2-car garage w/additional parking. A big bonus for in-city living. While we painted and spruced it up, spaces like the kitchen had not […]

Real Estate Forecast – Interest Rates Of course I have to talk about interest rates. Interest rates are still volatile. It has been a roller coaster ride for the last month. Rates go up and go back down as the Fed and the stock market reacts to new information. Last week we received news that the Fed is planning on raising […]

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 […]

Recession? The media may not have announced it yet, but if you’ve been paying attention, you know the long-forecasted recession is already upon us. Maybe after the summer spending has settled it will start showing up in the headlines – but the signs are there today. I’ve spoken with local builders and investors as well as […]

New Home Buyer Myths If you’ve dreamed about owning your first home, you probably have an idea in your head about what type of home you want and maybe a vague notion of how the whole process works. In my experience, however, often times the image in your mind is quite different from reality. Here are a few common […]

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 […]

Tip of the Month – Capital Gains Capital Gains. We all know about them. We all hate them. I believe everyone knows about your one-time capital gains write off of $250,000 for an individual and $500,000 for a married couple when selling your primary residence. There are some exclusions here. And they can save you a bundle. Did you know that you can […]

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. […]

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Tip of the Month: Homeowner’s Insurance Everyone should remember to review and update their homeowners insurance policy annually. Typically, most insurance policies update their coverage amount by about 4% every year. Even in a normal year, that will barely factor in local cost increases in materials and construction. With the recent run-up in home values in our area, if you haven’t […]

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 […]

Should you sell as-is or update? On social media, I recently posted an article about the pros and cons of buying a home “as-is”. Here are my thoughts on the question. Some homes are still selling quickly, less than 2 weeks. Some of these have features that separate themselves – they have a view, a gated community, or some other special nuance. But, […]

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 […]

Featured Home – Lake Sammamish View Last month, despite a falling market and rising interest rates, we listed and sold a home in Bellevue’s Vasa Park neighborhood in under two weeks. As mentioned above, our team did the pre-work to get this home move-in ready before we listed – and that made the difference. I spent 6 hours over two days […]

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 […]

What about interest rates? Interest rates are still rising. It’s important to keep in mind that for every point the interest rates rise, a buyer’s buying power is reduced by 10%. This is because their monthly payment increases. Here’s an example. Let’s say you are financing $500,000 and your interest rate is 4%. Your monthly payment would be $3,079. […]

What about prices? Inventory has been a problem for a while now and this news isn’t getting any better. New listings are down 25%. But, on the flip side, so are the showings per listing. In fact, the entire market (buyers & sellers) has reduced by 25%, so this has all balanced out. And, this is a good thing. It’s because of […]