Category Archives: Industry News


Feb

06

2017
Positive Market Despite Rising Rates

Positive Market Despite Rising Rates

Even though experts in the market agree that rates will likely increase slightly in 2017, they also agree that this will not have a negative impact on the Northwest real estate market. Lawrence Yun, chief economist for the National Association of Realtors, shared that historically, a rate increase to 4.5% (the expected high point for 2017) would still be a ‚Äúfavorable rate‚Äù. ‚ÄúWe are getting…

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Dec

23

2016
November Market Update

November Market Update

According to the Northwest Multiple Listing Service (NWMLS), figures for November show a 13.2 percent drop in inventory of single family homes and condominiums. For the 4-county Puget Sound region there is only 1.22 months of supply, with King County having the lowest level at under a month (0.96). There was a 9.4 percent gain in pending sales, a 31.3 percent spike in closed sales,…

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Aug

07

2016
Appreciation in the Northwest – Setting a Red Hot Pace

Appreciation in the Northwest – Setting a Red Hot Pace

In spite of easing a bit from prior months, home prices are continuing to experience positive appreciation. The S&P Case-Shiller 20-City Composite index for May (as reported at the end of July) rose 5.2 percent year over year. This accounts for slight slowdown from April’s 5.4 percent increase. The Case-Schiller index tracks changes in the value of residential real estate nationally as well as in…

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Jun

12

2016
Who do you target when you’re ready to sell?

Who do you target when you’re ready to sell?

Your Fix and Flip investment is likely to appeal to more than one generational demographic. With this in mind, knowing some of the criteria that appeal to each generation, may help you focus your sales strategy. The following information is based on the March 2016 National Association of Realtors, Home Buyer and Seller Generational Trends Report. The report breaks home buyers into 5 age groups….

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May

20

2016
Buyers Looking Outside King County

Buyers Looking Outside King County

A recent Seattle Times article pointed out that a growing number of first time home buyers are looking for their ideal home, farther outside central Puget Sound. The driving force behind this growing trend is scarce inventory and climbing prices in and around King county. According to the Northwest Multiple Listing Service (April report delivered in May), inventory remains well below the supply needed for…

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May

18

2016
Real Estate Radio NW – Part 2 – Focus on Team

Real Estate Radio NW – Part 2 – Focus on Team

In our previous look at the Real Estate Radio Northwest show, we reviewed the discussion on sourcing properties. In this look, we want to review the discussion on sourcing and utilizing a team of professionals. This airing of the program was hosted by Nick Neal from Graystone Mortgage, had guests Ian Morell and Zack Lazo from Caliber Real Estate and Travis Wandell from Veristone. The show…

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May

08

2016
S&P Case-Schiller Reflects Price Increase

S&P Case-Schiller Reflects Price Increase

As we mentioned in previous posts – if you set out your investment plan, find the right property to buy and work with a solid team of professionals – this is a strong market in which to be a real estate investor. Recent data from the S&P/Case-Schiller Home Price indices supports this point. The Case-Schiller index tracks changes in the value of residential real estate…

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May

03

2016
Real Estate Radio NW – Part 1 – Focus on Sourcing

Real Estate Radio NW – Part 1 – Focus on Sourcing

Real Estate Radio Northwest is a Seattle based radio program hosted by real estate personality Nick Neal. Nick works as the business development manager at Graystone Mortgage. He leverages this live program to build relationships and help industry professions share their talent and passion for the real estate. The show strives to help consumers understand what’s really going on in our local real estate market….

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Apr

18

2016
Real Estate Prices Chart

The Time is Right

When the Northwest Multiple Listing Service distributed its latest market update (March YoY), the document was titled “Puget Sound Area Home Sales Slow (But Not Prices)”. Interestingly, this title was edited from the initial press release, where the title included the addition of “as supply can’t match demand”. When supply can’t match demand, it means there are just not enough houses to support demand. With…

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Mar

09

2016
2008 new year billboard and cloudy sky

Hard Money Loans: A Quick Tutorial

OK, time for a quick tutorial on one of our industry’s least-understood products: the hard money loan. The What: A hard money loan is simply a short-term loan, usually provided by private investors, that is asset-based and secured by real property of any kind (single- or multi-family residences, industrial or commercial properties, land, etc.). Due to the short loan term, the interest rate on a hard…

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