Seattle, WA – Market Shift! – Is It Still A Good Time To Buy (or Sell?)
Is the Seattle housing market crashing? Are we at an inflection point? Is it a good time to buy or sell? The answers may surprise you - so thanks for watching.
Category: Real Estate Investment
What Can We Expect In The Seattle, WA Housing Market Moving Forward?
So, what does the rest of the year hold for the housing market? Here’s what experts have to say.
With Interest Rates Rising, Will The Seattle, WA Housing Market Crash?
My Predictions: Real Estate Agent Emily Cressey Predicts The Seattle, WA Housing Market Changes Due To Rising Interest Rates In The Area We have seen interest rates go up more since January than they did in the entire 8-year period prior. Now the market is “suffering” from higher interest rates, we’ve seen new buyer home … Continued
Are You Waiting For The Seattle Real Estate Market To Cool Off? (We’ve Been Saying That For 40 Years!)
Are you waiting for the Seattle Real Estate market to “cool off?” Some buyers who were hoping to buy a million-dollar home in Bothell just texted my assistant and said they were pulling out of the market for a year to see if things would “cool off.”
How Global Uncertainty Is Impacting Mortgage Rates
If you’re thinking about buying or selling a home in the Seattle area, you’ll want to keep a pulse on what’s happening with mortgage rates. Rates have been climbing in recent months, especially since January 2022 of this year. And just a few weeks ago, the 30-year fixed mortgage rate from Freddie Mac approached 4% for the first time since May of 2019. That blew my mind because I didn't think it would get there til the end of the year, but BOOM, it happened faster than anybody thought.
Seattle 2022 Update: Housing Bubble? Crash?
I talk to Seattle, WA home buyers and sellers every day and one of the biggest questions on everybody's mind is, "What is going on with the real estate market? When will prices cool off? Should I wait for six months to buy, in hopes that the market gets better? In fact, a recent survey revealed that many would-be buyers believe there’s a housing bubble beginning to form. If you were burned, or saw your parents burned during the real estate build up and crash caused by the mortgage crisis in 2008, then you may be especially sensitive to the idea that history is repeating itself.
And, if you look at what's happening in the market now, you might find yourself scratching your head and wondering how long this can go on. Some of our markets in the Seattle area have been experiencing 15% -20% appreciation over the last 12 months, and that is certainly out of the ordinary. What is going on, in reality?
The main thing I want to communicate is that THIS market is very different than it was during the housing crash 15 years ago. I was a real estaet investor with lots of houses and properties during that time, and I survived. We should get through this market cycle relatively unscathed... here's what you need to know.
2022 Real Estate Market Forecast – Inflation & What To Do About It
The consumer price index is up 6%, and the producer price index is up 8%, on track to get to 10% by the end of the year. So if the producers are having their costs increased by 10%, there’s a gap there between the increased cost that they are paying (10%) and the increase we … Continued
Shoreline, WA: What Does It Mean To Be In A “Seller’s Market?”
Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard that here in Shoreline, WA we’re in a serious sellers’ market. But what does that mean, and what should potential buyers and sellers do to position themselves well in such an extreme market?
For the Seattle House Hackers: Developing an ADU Property in Renton, WA (or Seattle Area)
I have a client who's from Microsoft who is young and ambitious. He doesn't want his first house to be just an expensive place to live, he wants it to be an investment. So he came to me with a plan for developing an ADU. One of the strategies he had in mind to launch his investing journey was developing a single family home into a property with an accessory dwelling unit - like a separate apartment in the basement.
How A Seattle Real Estate Agent Can Help You Invest
For most people getting into real estate investing, using a good agent is a good idea. However, many investors are unwilling to hire a real estate agent due to bad previous experiences or simply wanting to save on the fees and commission that they would spend on the agent. However, an agent can help you find good deals on investment properties, bring critical negotiation skills to the table, provide assistance with contracts and other legal intricacies, and much more. Many investors just don't realize how much an agent can do for them. Let’s take a closer look, then, at how a Seattle real estate agent can help you invest, examining exactly what an agent provides.