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2014 Housing Outlook

What's in store for 2014? More of the same…only different. This could be the executive summary for what to expect of housing in 2014. However, since most folks appreciate a few more details in a forecast, let’s be specific.Consumer Demand: ...

Maybe Not So Normal After All

More evidence points to slowing home-price appreciation. The Federal Housing Finance Agency's (FHFA) latest data show home prices slowed in August, the first time we had negative appreciation in over a year.We've been warning for some time now ...

A Second Chance; An Update from the Mortgage Lender

Dear Friends, The financial crisis took its toll on Wall Street and Main Street alike. Mistakes were made on both sides of the fence. However, while bailouts have brought Wall Street back from the brink, Main Street still teeters on the edge. ...

KING COUNTY MARKET HIGHLIGHTS July 2013

Here's the local update:Labor Market: King County unemployment is 4.3 percentRetail Market: Nordstrom Bellevue Square to add full bar & lounge on 2nd floorRegional Development: Construction to start on big tech office project in S...

May Market Update

We are now well into the second year of a solid real estate recovery. National mortgage rates remain near record lows and due to the lack of quality inventory, local homes are commanding multiple offers and in most cases selling quickly for ove...

As Good As It Gets

Dear Friends, Puget Sound home owners and prospective buyers have ...

Seattle Housing Trends for 2013

Dear Friends,Predicting real estate trends during volatile economic times is no easy task. However, last year offered several clear signs that a housing recovery was underway and would continue to accelerate. I strongly believe these are th...

King County Home Prices, On the Rise

As we head toward the end of the 4th quarter and into the holidays, the mantra of low inventory still prevails. Last month's housing inventory around western Washington fell to its lowest level since February 2006, down 30% from this time last ...

Fall Update; So How’s it Going?

The biggest story this year is that "The Market Flipped." proclaimed J. Lennox Scott, Chairman and CEO of John L. Scott Real Estate. "At the beginning of 2012 the market flipped from a buyer's market to a seller's market, in most areas and pric...

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