Blog - Teck Chu

Real Estate Updates

As Big Tech Grows in the Pandemic, Seattle Grows With It

Despite an overall decline in office leasing in the United States, technology companies gobbled up more space in the Seattle area than they had the previous year. The pandemic was a disaster for commercial real estate markets. In the Seattle area, it was a boon. In 2020, U.S. office leasing activity fell 36 percent from […]
Real Estate Updates

A Master Class In Mortgage Rates

Hello there! I’m Windermere Real Estate’s Chief Economist, Matthew Gardner, and welcome to the latest episode of Mondays with Matthew. A few weeks ago, one of my viewers on You Tube sent me a note asking when I was expecting mortgage rates to start to rise and, if I believed that they were going […]
Buyers & Sellers

10 Mistakes to Avoid When Buying a Home

Whether you’re a first-time homebuyer or have purchased a home before, the same mistakes can rear their head at any point in the buying process. By working closely with your agent, you can identify these pitfalls ahead of time and adjust accordingly. Mistakes in the buying process can lead to higher costs, added stress, and […]
Real Estate Updates

Two Reasons Why Waiting a Year To Buy Could Cost You

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself […]

Real Estate Updates As Big Tech Grows in the Pandemic, Seattle Grows With It Despite an overall decline in office leasing in the United States, technology companies gobbled up more space in the Seattle area than they had the previous year. The pandemic was a disaster for commercial real estate markets. In the Seattle area, it was a boon. In 2020, U.S. office leasing activity fell 36 percent from […]

Real Estate Updates A Master Class In Mortgage Rates Hello there! I’m Windermere Real Estate’s Chief Economist, Matthew Gardner, and welcome to the latest episode of Mondays with Matthew. A few weeks ago, one of my viewers on You Tube sent me a note asking when I was expecting mortgage rates to start to rise and, if I believed that they were going […]

Buyers & Sellers 10 Mistakes to Avoid When Buying a Home Whether you’re a first-time homebuyer or have purchased a home before, the same mistakes can rear their head at any point in the buying process. By working closely with your agent, you can identify these pitfalls ahead of time and adjust accordingly. Mistakes in the buying process can lead to higher costs, added stress, and […]

Real Estate Updates Two Reasons Why Waiting a Year To Buy Could Cost You If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself […]

Real Estate Updates As Home Equity Rises, So Does Your Wealth Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. […]

Real Estate Updates How do Buyers & Sellers Feel about the Market? Hello there! I’m Windermere Real Estate’s Chief Economist, Matthew Gardner, and welcome to the latest episode of Mondays with Matthew. Today we are going to take a look at the latest Home Purchase Sentiment Index survey that was just put out by Fannie Mae. And for those of you who may not be familiar with […]

Buyers & Sellers Remote Work Is Here To Stay. Can Your Home Deliver the Space You Need? A lot has changed over the past year. For many people, the rise in remote work influenced what they’re looking for in a home and created a greater appetite for a dedicated home office. Some professionals took advantage of the situation and purchased a bigger home. Other people thought working from home would be temporary, […]

Real Estate Updates Which Area of Seattle Real Estate Didn’t Cool Off This August? The city’s naysayers won’t be happy. (Seattle Condos Coming back?) AS EXPECTED, our local real estate market took a bit of a breather this August. Across King County, activity and prices dipped month-over-month, according to the Northwest Multiple Listing Service’s latest home sale stats. Though some believe a hike in prices and sales this fall […]

Buyers & Sellers Buying and Selling a Home at the Same Time Successfully selling a home and buying a home are significant accomplishments on their own, but when their timelines cross it can be difficult to manage both. If you’re thinking about doing both simultaneously, it’s equally important to understand the steps you can take to make the process go smoothly as it is to have a backup plan in case […]

Real Estate Updates What do the latest numbers say? Hello there! I’m Windermere Real Estate’s Chief Economist, Matthew Gardner, and welcome to the latest episode of Mondays with Matthew. Today I wanted to take a look at the several housing related data releases that came out in August, and I am going to start off with the new home sector and the July numbers […]

Buyers & Sellers 5 Green Upgrades that Increase Your Home Value Five Green Upgrades that Increase Your Home Value 1. Energy-Efficient Appliances It’s no secret that appliances use a significant amount of energy, which means there is plenty of opportunity to cut back on their output. Installing energy-efficient appliances can do wonders for creating a more eco-friendly home, while appealing to buyers who value sustainability. When shopping […]

Real Estate Updates Home Prices In Bellevue Area Increased Recently National home prices are have surged over the past year; The Bellevue area was no exception. BELLEVUE, WA — Nationally, home prices increased in the last year at the fastest rate since the 1970s, but the rate of increase is expected to slow between 2021 and 2022. Prices increased 3.0 percent from April to May […]

Real Estate Updates Urban slowdown: Suburbs grew faster than Seattle in 2021 Will the 2020s be the decade of suburban revival? The 2010s saw an urban renaissance in a number of U.S. cities, including Seattle. For most of the 2010s, during Seattle’s population boom, the city’s growth outpaced that of surrounding King County. That was a remarkable development because before the 2010s, it hadn’t happened for roughly 100 […]

Real Estate Updates Q2 2021 Western Washington Real Estate Market Update 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 Real Estate agent. REGIONAL […]

Real Estate Updates Monday with Matthew: Has the Forbearance Program Been a Success? Hello there! I’m Windermere Real Estate’s Chief Economist, Matthew Gardner, and welcome to the latest episode of Mondays with Matthew. This month, we are going to take another look at forbearance activity across the U.S. Now I know that we have talked about this subject several times over the past year, but it is worthwhile […]

Real Estate Updates Homes away from downtown Seattle are appreciating faster than homes within a short commute Home prices in the Seattle metro area mirror a new trend now apparent in many of the nation’s largest metros: homes in the heart of the city are appreciating at a slower rate than homes located away from downtown. Seattle homes that have gained the most value over the last two years are ones 51 to 60 […]

Real Estate Updates These 10 Cities Are The Ultimate Seller’s Markets Of 2021 Sellers have benefitted immensely from the rebound in homebuying that has occurred in the wake of the pandemic. Across the United States, dozens upon dozens of major housing markets have tipped heavily in favor of sellers, with inventories of available homes for sale declining all over. As a result, sales prices have begun to surge […]

Real Estate Updates Why Have Home Prices Risen so Much? Hello! I’m Matthew Gardner, Chief Economist for Windermere Real Estate and welcome to this latest edition of Mondays with Matthew. Before I get going with this months’ discussion, I did want to thank you for all the very gracious comments I received following last month’s video when I offered my views regarding the rumor that’s […]

Real Estate Updates What the World’s Most Successful Real Estate Investor Is Buying By Peter Eichenbaum June 10, 2021, 9:01 PM PDT Bloomberg Wealth Blackstone Group Inc. President Jon Gray has some advice for investors looking to make sense of the wild real estate market in the U.S: Don’t fear a bust anytime soon. Home prices have surged the most since 2005, cheap mortgages are encouraging buyers toward new homes, and building […]

Real Estate Updates Should Young Adults Stretch Financially to Buy a Home? Yes, interest rates are still low. The counterargument: It’s a sellers’ housing market. It is a complex time to be a young home buyer. Mortgage rates are near-historic lows, which is luring many people—including first-time buyers—into the housing market. In 2020, sales of previously owned homes surged to their highest level in 14 years, and […]

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