real estate

affordable housing Can We Expect to See More Entry Level Affordable Housing In the Future? This week Matthew Gardner, Chief Economist for Windermere Real Estate, discusses housing affordability and what we can expect moving forward. On average median housing prices nationwide are have increased by 23.5% above the 2008/2009 recession. While there has been some impact on values due to COVID-19, high demand from buyers in a market with limited […]
buying a home Available Homes for Sale Significantly Below Last Year The number of homes available for sale declined in April and May for obvious reasons – there were health and economic concerns brought on by the COVID-19 pandemic. Since late May local home sales have been ahead of the same period last year. Buyer demand remains high but what is different about this year compared […]
condominium speciaist How Close Are We to Getting Back to Normal? This week Matthew Gardner, Windermere’s Chief Economist, looks at high frequency data sets, data that is issued more frequently than the typical monthly or quarterly reports we’re used to reading. Using data from  real estate, hospitality and travel sources Matthew provides interesting information on how close our economic growth is to getting back to normal.
condominium speciaist Mortgage Forbearance – Where are We Today? This week Matthew Gardner, Chief Economist with Windermere Real Estate, provides updated news about the mortgage forbearance program. The program has provided a safety net for homeowners but isn’t likely to have any long term negative economic impact.  
buying a home What Does King County’s Phase 1.5 Mean for Real Estate?     King County has progressed to Phase 1.5 of the Governor’s “Safe Start Proclamation”. How does that impact buyers and sellers as they search for homes or list their homes for sale?       Real estate firms may open their offices again. In compliance with State guidelines, staff, brokers and guests will be […]
buying a home How’s the Local Real Estate Market? We’re 12 weeks into more experience dealing with the impact of COVID-19 on the economy and specifically the local real estate market. After a significant market decline in new listings, buyer interest and closed sales in March and April (not at all surprising) real estate came back strong starting in early May. the number of […]
condominium speciaist How has COVID-19 Impacted Various Housing Categories Matthew Gardner offers insight into how the coronavirus pandemic may impact urban housing, condos, single family housing, suburbs, second homes and short term rentals.    
buying a home Real Estate – What to Expect as We Return to “Normal” It’s not surprising to know home sales declined in mid-March as we sheltered at home. Moving into mid-April both buyer activity and pending sales began increasing, all while home prices remained strong. Nationally median home prices rose in every region of the US in April. Locally buyer activity and home values also gained momentum. Short […]
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buying a home Concerned about a Housing Bubble? These are interesting and complex times. As the COVID-19 pandemic continues to develop, brokers are following strict recommendations from public health officials and government agencies to ensure we are helping to reduce its impact. Ensuring that agents, office staff and clients are safe and healthy is the top priority. Real estate is still happening  –  […]
condominium speciaist Homeowner Association Issues Impacted by the COVID-19 Pandemic During the shelter-at-home order in Washington State, board or HOA meetings are currently prohibited. This may create complications for homeowner associations trying to conduct business that needs a majority vote regarding matters impacting the HOA and owners. Homeowner/community associations are required to follow their governing documents when handling association matters. This includes owners and directors […]
condominium speciaist Downtown Bellevue Condos – Year-to-Year Stats   Demand for urban housing remains strong, and with Amazon’s projected growth in downtown Bellevue, along with other corporations’ expansion plans, high demand is expected to continue over the next few years. Before the coronavirus outbreak and Stay Home/Stay Healthy order that went into effect in mid-March, the local condo real estate market was off […]
buying a home The Impact of COVID-19 on 30 Year Mortgage Rates Windermere’s Chief Economist Matthew Gardner provides his insight on mortgage interest rates, how those rates are set and what we might expect in the coming weeks and months with regard to conforming and jumbo loan financing.  
condominium speciaist Real Estate – It’s Not Business as Usual The coronavirus health crisis has redirected everyone’s focus. We’re all searching for our “new normal”, abandoning and creating new daily routines, figuring out how to safely shop for groceries, work from home (maybe cope with the temporary or permanent loss of a job or income), home school and entertain children, balance finances and care for […]
condominium speciaist King County Property Tax Deadline Postponed Due to the financial hardships caused by the COVID-19 pandemic, King County has postponed the property tax deadline from April 30th to June 1st. This extension applies to individual residential and commercial taxpayers who pay property taxes themselves. If your property taxes are paid through your mortgage lender, banks and other financial institutions still need […]
buying a home Are Open Houses a Thing of the Past? Earlier this month, as concern regarding the coronavirus grew, my company, Windermere Real Estate, followed by the NWMLS a few days later, made the decision to suspend all open houses in an effort to protect the health of buyers, sellers and brokers. There will be little real estate business transacted during the State of Washington’s […]
condominium speciaist A Bright Spot in Confusing Times The past few weeks/days have created concern, uncertainty and chaos in everyone’s world. Like many people, I am working at home, keeping clients advised of what’s happening in the real estate market and in their neighborhoods (homes are continuing to come on the market and sell) and responding to questions, emails and phone calls. We’ve […]
condominium speciaist Are You Ready for a Condominium Lifestyle? Condos are often the choice of empty nesters downsizing, or right-sizing, into a new lifestyle offering less maintenance, luxury amenities and a carefree lock-and-walk lifestyle. It can be an adjustment living with neighbors closer, sharing common areas and learning to cope with smaller spaces. Give ample thought to your lifestyle and how you will adjust […]
buying a home February NWMLS Real Estate Market Snapshot February statistics are in. Home prices, compared to February 2019, are up 9%. There’s less than a six week supply of available homes which is down 33% over the same time last year. Mortgage interest rates are historically low. Now is the time to maximize your home buying power. Open house traffic has been amazing. […]
buying a home Wire Fraud – Use Caution When Wiring Funds In every real estate transaction emails are sent between the buyer and their real estate broker, lender, escrow and title companies. Unfortunately these emails have created an opportunity for wire fraud scammers causing some real estate buyers to lose hundreds of thousands of dollars. Here’s how it works . . . scammers hack into the […]
Bellevue What a Difference a Few Days of Sun Can Make While showing condos recently I took a photo of one of the home’s incredible views. We are fortunate to live in an amazingly beautiful part of the country. It can be gray here in the early months of the year, and we’ll all agree that this February has been a tough month with record rain, […]