The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad time to sell their house, but in fact, the opposite is...
The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere Agent. ECONOMIC OVERVIEW The Washington State...
Tony Meier & Team made the selling process of our Kirkland home seem very easy and uncomplicated. They are very organized and responded very quickly with any question we had. We highly recommend them! Mike and Jill Bishop Sold in Kirkland - June...
As the real estate market continues to move down the road to a complete recovery, we see home values and home sales increasing while distressed sales (foreclosures and short sales) continue to fall to their lowest points in years. There is no doubt that the housing market will continue to strengthen throughout 2018. However, there is one thing that may cause the industry to tap the brakes: a lack of...
Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you can...
We developed a plan to market, consider offers, and closed on the best deal. Tony and Team hit every target, resulting in a sale at 4.2% above asking price. We closed the deal far better than we imagined! Thanks for high-quality, and devoted service. They manage the details, in a complex transaction. Gary and Riki Woodrell| Sold in Renton - May...
Some experts are calling for a slowdown in the economy later this year and most economists have predicted that the next recession could only be eighteen months away. The question is, what impact will a recession have on the housing market? Here are the opinions of several experts on the subject: Ivy Zelman in her latest “Z Report”: “While economic activity appears to have...
We often talk about why it makes financial sense to buy a home, but more often than not, the emotional reasons are the more powerful or compelling ones. No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it’s a certain scent or a favorite chair, the emotional reasons why we choose to buy our own homes are...
Thank you again for your assistance with the sale of our home. After 24 years of residence in our home, you and your team performed in a very professional, extremely prepared manner. You came highly recommended by numerous past clients that we were acquaintances with. Your familiarity with the market in our local area provided us with great insight in making our decision and promoting a solid strategy...
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, over the last twenty years (1985-2008), the median tenure averaged exactly six...
Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market. 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers. 77% of buyer’s agents said staging made it easier for...
It was great experience working with Tony to sell our house. Tony impressed us from our first meeting with a comprehensive presentation of his experience in real estate as well as his analysis of market data and his first hand data selling/buying homes. His sensitivity of market trend turned our home from no showing in first few days of listing to multi offers in a week, his negotiation improved those...
We first met with Tony in the fall of 2017. He was referred to us by a coworker of my wife. He was one of three agents that we contacted prior to listing our house. Our neighborhood in Kirkland has had a number of homes sold and tore down and replaced with million plus dollar homes and we received a postcards weekly offering quick cash to do the same so we looked into that possibility as...
If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes for Sale The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory: “Inventory coming onto the market during this year’s spring buying...
KIRKLAND, Washington (July 5, 2018) - Home buyers around many parts of Washington state had more choices and less competition during June, prompting some industry leaders to comment on "a feeling of change in the market." "Inventory is up and demand has dropped," reported Robert Wasser, an officer with the board of directors at Northwest Multiple Listing Service. That combination is "a pretty simple...
Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.1% by this time next year according to Freddie Mac. The impact your interest rate makes on your monthly mortgage cost is significant! Lock in a low rate now while you...
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