Seattle Real Estate Investor

Local Housing Market News

noreply@blogger.com (Wendy Ceccherelli) — Wed, 10 Oct 2018 14:52:00 +0000

Some great local news on changes in the local housing market:

https://www.king5.com/article/news/local/pearl-jam-helps-raise-nearly-11-million-to-combat-homelessness-in-king-county/281-600444272

https://www.seattlemag.com/news-and-features/how-denny-substation-will-help-supply-seattles-growing-need-power-while-also

https://www.bloomberg.com/news/videos/2018-10-03/redfin-ceo-sees-moment-of-reckoning-in-seattle-real-estate-market-video

And several articles on backyard cottages:
http://mynorthwest.com/1136320/backyard-cottages-seattle-housing-market/

https://www.sightline.org/2018/10/05/where-seattles-environmental-impact-statement-has-landed-for-backyard-cottages/

http://www.djc.com/news/re/12115274.html?cgi=yes

Happy Investing!

Seattle Real Estate Market Stats

noreply@blogger.com (Wendy Ceccherelli) — Sat, 06 Oct 2018 15:49:00 +0000

Well, pretty much any way you slice it, we’re heading into October 2018 with a CONSIDERABLY softer real estate market than we had entering into last October. Charts are below, but here’s the year over year breakdown:

· New Listings: 2.98% more new listings hit the market in Sept 2018 versus Sept 2017

· Total Active: 38.83% more inventory on the market in Sept 2018 versus Sept 2017 (supply goes up, prices go down)

· Pending Sales: 16.12% fewer pending sales in Sept 2018 versus Sept 2017

· Closings: 22.45% fewer closings in Sept 2018 versus Sept 2017

· Average Price: 11.07% price appreciation year over year…but all of that was realized last October through Feb. Prices have been declining region-wide since March 2018

· Median Price: 10.25% price appreciation year over year…but again, all of that was realized last winter

o Note: Per Altos Research’s median price chart below, in Seattle the median home price appreciated about 23% between October 2017 and March 2018

· Months of Inventory (Total Active divided by Number of Closings): 36.07% more months of inventory in Sept 2018 versus Sept 2017

Outside of May 2018, the overall number of New Listings hitting the market every month has been relatively constant…the big change has been number of buyers. With a smaller 2018 buyer pool, inventory has inched as high as it’s been in years around Puget Sound. This increase in inventory has the buyer window WIIIIIIDE open for anyone looking to venture into the Puget Sound Real Estate market – competition is down, therefore bidding wars are down, therefore people can actually DO an inspection before moving forward with their purchase… and overall, all this has the median house price down about 14% from its March 2018 high.

With this said, this week or next week is traditionally where we start to see inventory dry up for the winter. Remember, inventory in Seattle fell about 60% in 2015/16; 56% in 2016/17; and 67% in 2017/18. Will inventory fall enough this year to reset the soft(er) market we’ve been experiencing, and therefore cause median house prices to start rising again? It’s anyone’s guess as to what actually happens this winter, but right now…this week and next week…will be our clue to where we might be headed.

Happy Investing!

This post courtesy of Primary Residential Mortgage Inc

Housing Affordability: Interest Rates

noreply@blogger.com (Wendy Ceccherelli) — Wed, 03 Oct 2018 14:18:00 +0000

The ‘5 Percent’ Test?

(Source: REALTOR® Mag Daily News) The 30-year fixed-rate mortgage—the most popular loan for home buyers—is inching closer to the 5 percent range. The rise in mortgage rates coincides with years of home price increases. Could this erode affordability more and cause would-be buyers to sideline themselves from the housing market?

Click here for more.

Happy Investing!

Vashon Waterfront Open House

noreply@blogger.com (Wendy Ceccherelli) — Sat, 05 May 2018 00:14:00 +0000

Open house Saturday May 5, 2018 2-4p:

Ballard Room Rental

noreply@blogger.com (Wendy Ceccherelli) — Sat, 05 May 2018 00:06:00 +0000

OPEN HOUSE SATURDAY MAY 5, 2018 12NOON

Room rental in this charming 1926 house-share in the heart of Ballard. The funky, unfurnished attic bedroom will be available June 1. It features lots of space, playful angles, nooks and crannies for creative decorating (see second photo).

Two other tenants live in the upstairs bedrooms, with a shared bathroom on each level. There are two other bedrooms and bath o the main level, and an onsite property manager on the basement level. All rooms are rented on a monthly basis. Personal items are to be kept in the room, and housemates should be respectful of others when using items in the common areas. Rent includes free wifi internet, gas, electricity, garbage, water, sewer, property management, yard maintenance, and common household supplies.

This vintage house features an attractive yard designed by a master gardener. Pretty living room with oak hardwoods and gas fireplace on the main floor. There is a modern handicap-accessible, walk-in bathtub on the main floor.

The common laundry area with free washer and dryer is located on the basement level. Portions of the garage have been rented to upstairs tenants, managed by the property manager for additional storage.

Plenty of on-street parking for residents and guests, bicycle storage, and easy walking distance to the amenities of Market Street and the Ballard business district.

$35pp online tenant screening fee. First month rent, and $800 security deposit to move in. No last month required, as long as gross income is at least $2460 with a two year employment history in the same industry.

Criteria: Must play well with others, be respectful, clean, and have good character and former tenant references. Gross income of at least $2460, with 2-year employment history in same industry preferred.

Open house is scheduled for noon on Saturday, May 5 and 6p, Sunday, May 6. If this sounds like a good fit for you, please reply by email to HomeLandInvestment@gmail.com to confirm your attendance at one of the upcoming open houses.

Homeowner Stabilization Loans

noreply@blogger.com (Wendy Ceccherelli) — Tue, 27 Feb 2018 02:35:00 +0000

Here is a great new program to help homeowners in distress:

HomeSight is pleased to announce the launch of the Seattle Homeowner Stabilization Loan Program. We have received a $484,000 investment from the City of Seattle - Office of Housing Housing Levy to originate foreclosure prevention “rescue loans” to help homeowners in jeopardy of losing their home. These funds are for a two-year pilot period at which time the City will decide whether to continue the program.

Homeowners experiencing temporary hardship or facing default or foreclosure whether from mortgage lender, property taxes or a condo association, may qualify for a low interest rescue loan up to $30,000 to help resolve the default. These loans will generally be available to owners who have fallen behind in payments and have exhausted other options and need assistance getting caught up, or who need additional funds in order to secure a loan modification, pay back taxes or condo dues.

For more information, or to find out if you qualify, contact:

WASHINGTON HOMEOWNERSHIP RESOURCE CENTER HOTLINE at (877) 894-4663.

Waterfront Fixer

noreply@blogger.com (Wendy Ceccherelli) — Sun, 04 Feb 2018 16:48:00 +0000

Here is my newest property listing:
10018SWBunkerTrail.C21.com

View any time this morning with your real estate broker, but without an appointment - or any time after today, by appointment only.

Major fixer with awesome views!

Happy Investing!

Changes in Seattle Housing Market

noreply@blogger.com (Wendy Ceccherelli) — Thu, 21 Dec 2017 16:00:00 +0000

The Seattle Real Estate Market – WHERE TO START???

I don’t even know where to start! So much housing related info came out this week… I guess I’ll just let the bullet points tell the story:

· Seattle passed sweeping short-term rental laws

o Hosts for AirBnB, VRBO, HomeAway, and other short term rental platforms can now only rent out two dwelling units (including a room in the host’s primary residence)

o Hosts must now be licensed, which means they will likely be taxed by the local government for operating a short-term rental

o Overall, this should help preserve an adequate supply of long-term rental stock for the city’s permanent residents

§ Effect on local housing market – Neutral

· Amazon hiring has slowed dramatically

o As recently as June, Amazon had over 9,000 job postings for Seattle-based jobs…There are only 3,503 postings for jobs currently

o This is the fewest Seattle-based job postings Amazon has had in almost 4 years

o Nonetheless, the 3,503 postings is still more than the combined postings for Microsoft, University of Washington, Nordstroms, and Starbucks

§ Effect on local housing market – Slightly not good… but an additional 3,500 highly paid employees still adds a lot of pressure on an already pretty tight housing market (currently 458 homes for sale out of 129,331 total single family residences), so we may not notice a difference. Nonetheless, it’s something to keep an eye on

· New Tax Plan

o Interest deduction on home equity lines of credit goes away

§ Effect on local housing market – Neutral

o Interest deduction on mortgages up to $750,000 (used to be up to $1,000,000)

§ Effect on local housing market – Slightly not good

o State and local taxes (SALT) deductions capped at $10,000

§ Effect on local housing market – Slightly not good

o There was no change in the requirement for people to qualify for the gain-exclusion on sale of a personal residence. It was talked about that the current gain-exclusion of living in the house 2 out of the last 5 years was going to increase to 5 out of the last 8, but that didn’t happen.

§ Effect on local housing market – If the gain-exclusion increased to 5 out of the last 8 years, then we would have less sellers, and therefore prices would rise. However, nothing happened, so housing is unaffected

· Overall, the new tax plan will put downward pressure on higher priced homes. Seattle’s current median home price is $754,000… so the vast majority of us aren’t affected yet (since a homebuyer did put some money down on that $754,000 purchase price), but the tax plan could play a larger role in the next couple years as Seattle home prices continue to appreciate

Renton Open House Sunday

noreply@blogger.com (Wendy Ceccherelli) — Sat, 18 Nov 2017 16:08:00 +0000

Here is my latest listing in Renton. This lovely suburban home is open tomorrow (Sunday November 19, 2017) from 1-3p. It is located at 18858 129th Pl SE, and is listed for $400,000.

Friendly suburban community with annual neighborhood events, including Easter egg hunts, garage sales, beauty bark sales in nearby park. This lovingly maintained home has a long-term roof warranty, updated kitchen, new carpets, laminate flooring, lots of space to play, and a fully fenced yard. Welcome to the neighborhood!

NWMLS #1218245

Happy Investing!

South Seattle Brick House for Sale

noreply@blogger.com (Wendy Ceccherelli) — Wed, 15 Nov 2017 15:17:00 +0000

We are reviewing offers on this property today:

Address: 6724 Mars Ave S, Seattle 98108
List Price: $549,888

Housing Trends

noreply@blogger.com (Wendy Ceccherelli) — Tue, 17 Oct 2017 01:47:00 +0000

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

Please click on this link to view the Housing Trends October 2017 Newsletter http://wendywonder.housingtrendsenewsletter.com

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports.

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report:

http://wendywonder.housingtrendsenewsletter.com/dispContent.cfm?loadid=2&loadtype=0

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.

Sincerely yours,

Wendy Ceccherelli
Century 21 NW Realty
216 31st Avenue Seattle WA 98122
2063551706
wendy@c21nwr.com

Seattle Housing Inventory

noreply@blogger.com (Wendy Ceccherelli) — Fri, 15 Sep 2017 18:25:00 +0000

Normally we see a pretty nice little bump in inventory in September, however, I’m not entirely sure that’s going to happen again! We saw a HUGE run up in Seattle inventory between April and late June (about an 80% increase in inventory during that time), however, since peaking in August we’ve been on a pretty sharp decline in overall inventory levels. That doesn’t mean things won’t start hitting the market in late September like they normally do, this early decline in inventory is merely representative of the gigantic build-up of buyers still looking for a home, and refocusing on their search now that Summer and Labor Day are over.

With the recent decline in overall inventory, we’ve also seen the median priced home in Seattle tick back upward from $699k in late August, to $722k this past week. Please note, the Seattle median price home peak for the year was set in mid May at $777,475. It will be interesting to see whether or not prices continue to increase throughout fall and winter, and then increasingly so next spring; versus what normally happens where prices remain steady until January when they start skyrocketing.

In the end, it looks like the stage is being set for an even more competitive market next year with inventory levels plummeting earlier than normal as Fall’s buyer-pool snatches up homes more fiercely than ever before.

Happy Investing!

Today's market report courtesy of Kyle Bergquist, Guild Mortgage

Vacation Waterfront with Financing

noreply@blogger.com (Wendy Ceccherelli) — Sat, 02 Sep 2017 15:14:00 +0000

Always dreamed of your own Puget Sound waterfront home to dock your fishing boat? Fractionalized ownership gives you 100% of the occupancy rights, and 65% of the equity, as the majority owner. Up to ten years - with no payments and no interest - to cash out the other equity partners.

3650 Steelhead Dr, Lagoon Point, Greenbank, Whidbey Island. $400,000 for 65% equity.

https://www.dropbox.com/s/cdkpwjgr1rag45s/Rocheford3650_HD_Final_MJ_2.mp4?dl=0

Here's the description of this home:
Spacious house, with 60' of waterfront on a well-protected canal for crabbing/boat moorage, just a stone's throw to open water of Admiralty Straits on Puget Sound, in a stunning island community. West-facing, spectacular sunsets. Moor your boat on your backyard shared dock, kayak the canals, or fish for salmon from some of the best shore fishing on Whidbey. Beachcomb at the community beach of coveted Lagoon Point.

Watch container ships and cruise ships sail by as you relax on your back deck. Watch the winter storms safely inside by the gas fire.

Wildlife abounds here: deer, rabbits, ducks, hawks and eagles. Minutes from south Whidbey State Park & the Greenbank Farm, with miles of trails for both dogs & humans. Easy access to Coupeville, Ft. Casey, Freeland, Langley. Only 20 minutes to the ferry!

Buyer has the option of either 65% (at $400,000 purchase price) or 100% (at $525,000 purchase price) of equity ownership. Seller financing available to help with the down payment. Meet one of the owners at the Open House this weekend, tomorrow, Sunday September 3, 2-4p.

Happy Investing!

Fixer Triplex with Views in Renton

noreply@blogger.com (Wendy Ceccherelli) — Fri, 01 Sep 2017 01:23:00 +0000

Investor/Builder/Contractor Alert!

Finish off this high-quality project and reap the rewards! Legal triplex fixer, down to the studs! Corner lot with no neighbors and AMAZING territorial views from every floor, of Lake Washington, Olympic mountains, downtown Renton. Cedar River water property next door, will never develop.

Great location-Easy walk to downtown Renton (walk score 83); close to airports, Boeing, public transit, The Landing, shops, restaurants. Gas at street.

Asking $500,000. Seller financing available. Please contact Wendy Ceccherelli at wendy@c21nwr.com for details or to schedule a showing.

339 Cedar Avenue S, Renton, WA

Happy Investing!

Big Yellow Cranes

noreply@blogger.com (Wendy Ceccherelli) — Fri, 25 Aug 2017 22:19:00 +0000

See all those big yellow cranes? We’re sorry to say that they’re probably not building your next home. Our current regulations make building offices and rental units more appealing to developers than condos, townhomes, single-family homes and mixed-use properties that serve the middle class.
Even if they were building homes to put on the market, we’re so far behind demand that it will take much, much more construction to catch us up. But it’s worth making the effort now: a study by the California Legislative Analyst’s Office has shown that building enough supply would result in lower prices. As more proof, Tokyo has not seen rapid home price appreciation because it meets all new demand by building more housing.

If you’re curious about all the construction, you’re not alone. Seattle in Progress is a free map tool that shows what’s being built all around Seattle. Explore the map

Today's blog courtesy of The Housing Translator.

Happy Investing!

Sold in Kent

noreply@blogger.com (Wendy Ceccherelli) — Tue, 22 Aug 2017 01:18:00 +0000

Know anyone else who needs to sell a house in our area? Happy to help!

Happy Investing!

New Rainier Beach Listing

noreply@blogger.com (Wendy Ceccherelli) — Sat, 19 Aug 2017 03:16:00 +0000

4808 S. Othello Street
Seattle, WA 98118

Open 12noon - 2pm, Saturday, August 19, 2017

Five bedroom home, listed for $550,000.

Very convenient location, 3 minute walk to Seward Park, Othello light rail, or shopping, 10 minutes to airport, Boeing and 15 minutes to downtown Seattle. Bus stop (#50) and bike lanes at your front door.

Generate extra income from Airbnb and basement MIL? Comes furnished- or not, your choice.

Enjoy outdoor dining on your low-maintenance backyard patio, with rubber mulch landscaping for children play area.

For more information, contact Wendy Ceccherelli at wendy@c21nwr.com or call 888-621-4999 x0.

Happy Investing!

Seattle's Hot Market

noreply@blogger.com (Wendy Ceccherelli) — Fri, 18 Aug 2017 16:47:00 +0000

As I was reading articles on Seattle this past week to prepare for the Weekly Market Update, I read two articles back to back: The first one titled “Seattle Adding $1m Neighborhoods at a Blistering Rate”, and the second one titled “Zillow Data: Seattle has 3^rd Largest Homeless Population in US”.

Let that sink in for a bit…

Seattle now has 38 zip codes where at least 10% of the houses in those zip codes are worth $1m or more. 58% of those zip codes were added to the list in the last three years, and 9 in the last year alone – trailing only a couple slightly larger cities in LA and New York City which each added 13 last year.

On the flipside, Seattle also ranks third in the nation for homeless population. New York has 76,341 homeless, LA 61,398, and then albeit a distant 3^rd place, Seattle at 12,763. However, account for overall population with NYC at 8,538,000; LA at 3,976,000; and Seattle at 704,352; and Seattle’s homeless as a percentage of overall population is at 1.8%, compared to 1.5% for LA, and .9% for NYC.

As a percentage of overall zip codes, Seattle added more $1m neighborhoods last year than any major city in the nation. All the while, as a percentage of overall population, Seattle has the highest homeless rate in the nation as well. Can I state the obvious? Something’s not right here. I don’t have all the answers, and I know figureheads in Seattle are “working on the issue”, but come on…this is ridiculous.

All I can say is: Dear Politicians, Do your job. We elected you to take care of ALL of us.

Here's my undereducated easy first-step solution towards resolving homelessness: Seattle property tax income is exploding with the increased values...what if we simply siphoned off some of that income to create a panel that tracked nonprofit effectiveness on resolving the issue, then monetarily supported those nonprofits with some of the additional property tax revenue already coming in from rising property values? We don't need to raise any taxes to accomplish this, let's just redistribute some of our increased tax revenue to nonprofits like Mary's Place, Matt Talbot Center, YouthCare, and other amazing nonprofits working to job-train and get people from the streets into homes. Would that work?

Check out the full article on our $1m Neighborhoods Here

Check out the full article on our Homeless Situation Here

Happy Investing!

Today's guest post is courtesy of Kyle Bergquist, Guild Mortgage.

King County Home Prices Continue to Rise

noreply@blogger.com (Wendy Ceccherelli) — Thu, 17 Aug 2017 20:27:00 +0000

Home prices continued to rise in the Northwest in July, hitting nearly 20% increases in some areas, according to the latest report from Northwest Multiple Listing Service.

Home prices increased an average 9% in the Northwest area in July, according to the report, which covers 23 counties in and around Washington state. However, some counties near high job-growth areas saw even higher increases. King County, for example, saw its median home price jump 18.6% from last year.

Read more here.

Happy Investing!

Cosmetic Fixer in Tukwila

noreply@blogger.com (Wendy Ceccherelli) — Thu, 20 Jul 2017 20:30:00 +0000

Here is my latest listing to hit the market today:

$275,000
4050 S 151st St in Tukwila

For more information, please send me a private message at Wendy@c21nwr.com

Happy Investing!

Seattle Room Rental Available

noreply@blogger.com (Wendy Ceccherelli) — Fri, 14 Jul 2017 00:08:00 +0000

AVAILABLE August 1!
$1000/mo

Furnished monthly room rental for single occupant in elegantly restored house-share with old world charm and details. Month-to-month rental, includes all utilities: wireless internet, garbage, water, sewer, electricity and gas. Open house Saturday, 7/15/17 5-6:30p or by appointment.

Furnishings include bed, towels, linens, pillows, computer desk and chair, lamp, dresser, laundry basket, full-length mirror, artwork, rug and night stand. See video walk-through below (bedroom #2 is the one for rent):

https://youtu.be/cH56cVOtEiA

Stay as short as one month - or as long as you'd like. Walking distance to Lake Washington, stores and restaurants in a quiet residential neighborhood just 2.5 miles from downtown Seattle.

Washer and dryer in basement. Utilities include wireless internet, electric, gas, garbage, water, sewer, and lawn maintenance.

About the neighborhood:
Neighborhood is close to Capitol Hill, Central District and the Madrona restaurants area. It is walking distance to wooded trails to Lake Washington. Douglass Truth Library, Leschi Mart, BluWater Bistro, Red Apple grocery store, several coffee shops, Amazon.com, Lowe's and Walgreen's.

Even with its laid-back, suburban vibe, Leschi is just a 10-minute drive from the bustling activity of downtown Seattle, and its proximity to the Interstate-90 floating bridge allows for easy access to the Eastside. Leschi's architectural medley and diversity of residents make this waterfront enclave perfect for urban-minded neighborhood living.

Transportation:
Easy access to I-90, highways, and bus lines. Several bus routes nearby go to various areas including Capitol Hill, downtown, Queen Anne, south Seattle, University District, etc. (#2, 3, 4, 8, 14, 27 and 48).

Shared house living: Typically, our short-term rentals approach to housing attracts people in transitional times of life, and new arrivals, including many contract workers or international visitors--really anyone who wants a convenient, hassle-free lifestyle, without having to commit to a long-term lease. All tenants must submit an application, with screening on background, credit, income and rental history. I am a professional property manager, and it is my job to see to it that there is a good mix of tenants--I live here too!

First months rent plus security deposit. No last month rent if income qualified. $35.00 per person tenant screening fee. No pets, no smoking, no illegal drugs. Month to month lease. Must have satisfactory 2-year rental history with references, at least 3X the monthly rent in gross monthly income, a 2-year employment history within your industry, and although we review criminal records on a case-by-case basis, we are less likely to approve anyone with violent or property convictions.

If this sounds like a good fit for you, please send an email to HomeLandInvestment@gmail.com or come to the Open House this Saturday evening at 5p, 216 31st Avenue in Seattle, between Cherry and Yesler.

Getting Out the Tenant Vote

noreply@blogger.com (Wendy Ceccherelli) — Wed, 28 Jun 2017 15:40:00 +0000

Seattle landlords are now required to provide an additional 2 pages to their new tenants, giving them information about voter registration. This is a total of 17 pages of information on Seattle Landlord-Tenant law.

Read the full article about this from the Seattle Rental Housing Association here:

Happy Investing!

Lakefront Reality TV

noreply@blogger.com (Wendy Ceccherelli) — Thu, 22 Jun 2017 12:39:00 +0000

Last year, I purchased one of only two lakefront properties in King County that sold for under $200K. Right now, I am listing a lakefront parcel for sale for under $100K. So I have attracted the attention of HGTV.

If you are planning to buy King County waterfront for under $500k (all in), and are under 40 years of age, you may be interested in this opportunity:

My name is Justin Turner and I am a Casting Associate at Magilla Entertainment, a NYC-based TV production company that produces HGTV's Lakefront Bargain Hunt & Lakefront Bargain Hunt: Renovation. I’m contacting you because we are currently casting upcoming seasons of both series on Washington Lakes!

Both shows take viewers on a personalized house hunt following homebuyers, with their agents, searching for their dream lake house -- all for a bargain price! In each Lakefront Bargain Hunt: Renovation episode, the 2nd half hour covers the renovation.

For Lakefront Bargain Hunt, we are looking for agents who are working with buyers (who are 40 years old or under) who have who have purchased lakefront or direct lake access houses for under $500K, within the past 6 months or who are actively searching.

For Lakefront Bargain Hunt: Renovation, we are looking for buyers who recently purchased a lakefront or lake view home and plan to renovate. The total price for the home and renovations must be under $500K and can have been purchased within the past six months OR are currently closing on a home that they are planning to renovate. We are interested in buyers who have not started their renovations yet, but have a budget to do so and are planning on starting this summer or fall.

For both series, we will be featuring the agent and the clients in their own episode. Compensation will be provided for both agents and homebuyers for any network-approved stories.

For more information on purchasing King County waterfront, or to participate in this opportunity with me, send a private message to wendy@c21nwr.com

Happy Investing!

Seattle Real Estate News

noreply@blogger.com (Wendy Ceccherelli) — Tue, 20 Jun 2017 19:51:00 +0000

Homes are selling in the at a record-setting pace nationwide

http://www.cnbc.com/2017/06/15/homes-are-selling-at-a-record-setting-pace-again.html

Homebuilding slows as cities try to tame growth

http://www.king5.com/news/local/home-building-slowed-as-cities-try-to-tame-growth/447928586

Seattle median home price up more than $130,000 since January

http://www.seattlepi.com/realestate/article/Seattle-median-home-price-up-more-than-130-000-11203492.php

Happy Investing!

Today's blog courtesy of CW Title

Seattle Population Growth

noreply@blogger.com (Wendy Ceccherelli) — Tue, 20 Jun 2017 19:47:00 +0000

King County, including the city of Seattle, had the fourth-highest population increase in the country from 2015 to 2016, according to data released in late March by the US Census Bureau. The data showed that King County gained about 36,000 more residents between July 1, 2015 and July 1, 2016. Some 15,500 new residents migrated to the area from other countries, while 8,511 moved here from other locations inside the United States.

In addition, there were 25,905 births in King County during the year-long period, which were partially offset by 13,580 deaths. King County's total population at the end of the period was 2,149,970.

The area with the highest population growth anywhere in the nation was Phoenix, and surrounding Maricopa County. Houston, and surrounding Harris County was second highest, with Clark County Nevada - home of Las Vegas- third.

The counties containing Chicago, Detroit, and the independent city of Baltimore were the biggest population losers in the United States during this same period.

It's great to live in a thriving metropolis!

Happy Investing!