Buyers & Sellers Prosperity bomb 2.0? Bellevue passes Manhattan in housing prices For years Seattle has been in a high state of angst, or yearning in some cases, about the prospect that our fishing village was morphing into the new Manhattan. We had it all wrong. It turns out once-sleepy Bellevue was sprinting there first. You’ve probably been rubbernecking, as I have, at these insane stories about […]
Real Estate Updates 2022 FEBRUARY SEATTLE REAL ESTATE UPDATE
Real Estate Updates 2022 FEBRUARY EASTSIDE REAL ESTATE UPDATE
Buyers & Sellers Beyond Supply And Demand: Today’s Tech Is Helping House Prices Skyrocket Falling interest rates and the pandemic are the top two reasons for house prices skyrocketing over the last year and a half but there’s another reason no one talks about. Today’s technology simply makes it easier for house prices to increase when buyer demand increases. If house prices are indeed more sensitive to increases in […]
Real Estate Updates Top 10 Predictions for 2022 Matthew Gardner’s Top 10 Predictions for 2022 1. Prices will continue to rise There are some who believe that U.S. home prices will drop in the coming year given last year’s extremely rapid pace of growth, but I disagree. I don’t expect prices to fall; however, the pace of appreciation will slow significantly, rising by […]
Real Estate Updates Homebuyers: Buckle up for another brutal spring housing market It’s usually around this time of year, with the holiday season firmly in the rearview mirror, that homebuyers and sellers alike begin to make their way back into the market. That will continue to pick up each week until March arrives. At that point, the industry’s busy season—known as the spring real estate market—will be […]
Real Estate Updates Real Estate Is Emerging as a Hedge Against Roaring Inflation Those seeking alternative investments from stocks and bonds may turn to the housing market, but that strategy still presents risks. Surging markets spurred a buying frenzy for everything from stocks and cryptocurrencies to new homes over the last two years. Now, with inflation at a nearly 40-year high and at least three priced-in rate hikes, […]
Real Estate Updates 2022 January Seattle Real Estate Update
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Real Estate Updates 2022 January Eastside Real Estate Update
Real Estate Updates How long can the global housing boom last? Three fundamental forces mean it could endure for some time yet NOVA SCOTIA’S largest city is known for a few things: a big national-security conference that takes place every autumn; a huge explosion that took place in 1917, causing immense devastation; and a small but impressive wine industry. It may soon be known for something […]
Real Estate Updates Seattle’s real estate year: historic, record-breaking and disturbing 2021 records show Seattle’s real estate year was crazier than we thought, and 2022 might be even crazier! This year has been a record-breaking, historic, and occasionally quite worrying year for Seattle real estate. But what were the most striking trends of 2021, and what do they help us predict about 2022? As the year […]
Real Estate Updates New Zoning of East Main Site in Bellevue May Create 1,500 Homes Near Light Rail Last week, Bellevue City Council approved a Land Use Code Amendment (LUCA) to allow for increased building density on a 60-acre site to the east of the future East Main light rail station. The unceremonious nature of Council’s vote to approve the LUCA at its last meeting of the year belied its importance as the […]
Real Estate Updates Amazon’s second chance: Bellevue gives tech giant an opportunity to reshape its regional legacy GeekWire explores what’s fueling the rise of Bellevue, Wash., the fast-growing tech hub located just east of Seattle. In this editorial series, we’ll explore key issues shaping this ever-changing city. BELLEVUE, Wash. — Amazon is poised to transform a major swath of this city, much as the company reshaped Seattle during the past 15 years. But […]
Real Estate Updates 2021 Holiday Message   Christmas 2021 Message.mp4 from Teck Chu on Vimeo.
Buyers & Sellers The Ultimate Seller’s Market: 10 Housing Records Set in 2021 Ten charts that illustrate a record year for the U.S. housing market, including the highest home prices and lowest supply of all time.  2021’s housing market has been, in a word, remarkable. The coronavirus pandemic and the resulting surge in remote work have changed where, when, why and how people buy homes. This past year, […]
Real Estate Updates Housing Market Update: Home Prices Up 2.2% In a Month, Bucking Typical Fall Slowdown Pending sales were 51% above 2019 levels, the largest 2-year increase since February. The median home sale price rose 2.2% from a month earlier during a time of year when prices typically flatten. It was up 13% from a year earlier, the biggest annual increase since September. As mortgage rates unexpectedly dipped back below 3% […]
Buyers & Sellers Home Sales About To Surge? We May See a Winter Like Never Before. Like most industries, residential real estate has a seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year. More cars are sold in the U.S. during the second quarter (April, May, and June) than in any other quarter of […]
Real Estate Updates 2022 Housing + Economic Forecast Hello there!  I’m Windermere Real Estate’s Chief Economist, Matthew Gardner, and welcome to the latest episode of Mondays with Matthew. Before I get started, I wanted to let you know that this will be the final episode of Monday with Matthew for 2021 as I’m going to be taking Christmas off. So it’s time to […]
Real Estate Updates Q3 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 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 […]