Seattle Real Estate Home Prices
All posts by Jason Cook
No “Crash” in sight….
Housing Prices are NOT Heading for Another Crash
As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explainedthat the lenient lending standards of the previous decade (which created false demand) no longer exist. But what about prices?
Are prices appreciating at the same rate that they were prior to the crash of 2006-2008? Let’s look at the numbers as reported by Freddie Mac:
The levels of appreciation we have experienced over the last four years aren’t anywhere near the levels that were reached in the four years prior to last decade’s crash.
We must also realize that, to a degree, the current run-up in prices is the market trying to catch up after a crash that dramatically dropped prices for five years.
Bottom Line
Prices are appreciating at levels greater than historic norms. However, we are not at the levels that led to the housing bubble and bust.
How’s the market? Bellevue & Eastside update
Local Market Update – November 2017
Prices in our area have now been rising faster than anywhere in the country for twelve months. Sellers seem to be getting the message that now is a good time to put their home on the market. There was an increase in new inventory in October, but with homes selling rapidly, there still aren’t enough properties to meet demand. As a result, counties throughout the Puget Sound area saw year-over-year price increases in the double digits.
Eastside
Continue reading How’s the market? Bellevue & Eastside update
Now is still a great time to BUY!
Be Careful Not to Get Caught in The Rental Trap!
There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.
Don’t Become Trapped
The time to sell is NOW!
75% of Homeowners Think Now is a Good Time to Sell!
The National Association of Realtors (NAR) recently released the findings of their Q2 Homeownership Opportunities and Market Experience (HOME) Survey. The report covers core topics like, “if now is a good time to buy or sell a home, the perception of home price changes, perceived ability to qualify for a mortgage, and [an] outlook on the U.S. economy.”
The survey revealed that 75% of homeowners think now is a good time to sell, compared to 70% last quarter. This is a considerable increase from more than a year ago when 66% agreed.
Community Service Day 2017
Community Service Day | Jason Cook
Jason and Brokers at Windermere Bellevue South will be helping local non-profit Mamma’s Hands on Friday, June 9 for Windermere’s annual Community Service Day. Mamma’s Hands was founded to provide hope and support to those in crisis. Their mission is to help those individuals regain their self-respect, and to provide them the support and direction they need to become productive members of society. To accomplish this mission, Mamma’s Hands has created two programs: The Phone Home program and the House of Hope program.
Jason and other Windermere Bellevue South brokers/staff will be working at a couple of the safe houses in North Bend with repairs around the houses, general yard work, painting, and building decks.
Want to learn more about Mamma’s Hands? Visit their website here or follow them on Facebook.
This is NOT a Bubble:
3 Reasons the Housing Market is NOT in a Bubble
With housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another bubble. To alleviate that fear, we just need to look back at the reasons that caused the bubble ten years ago.
Winter Selling
Listing in the Winter Attracts More Serious Buyers
A recent study of more than 7 million home sales over the past four years revealed that the season in which a home is listed may be able to shed some light on the likelihood that the home will sell for more than asking price, as well as how quickly the sale will close.
How’s the market?
Local Market Update – January 2017
A record low number of houses for sale in December indicates that 2017 will continue to be a very competitive market for buyers. The good news: those who decide to take the plunge and list their home can count on getting a premium price for their property. Brokers reported that about three-fourths of the homes sold in December involved bidding wars.
Eastside
New Listing | 10751 Marine View Drive SW | Arroyo Heights Home
Arroyo Heights Home for Sale | Offered at $1,000,000 | NWMLS #1073877
Continue reading New Listing | 10751 Marine View Drive SW | Arroyo Heights Home
