Most people think of real estate as simply the process of listing, viewing, buying and selling properties, but new technologies have allowed real estate marketing to be innovative in fresh and inspiring ways. Here are just a few ways in which technological advancements have changed the real estate industry in the past year.
Read MoreRealogics Sotheby’s International Realty’s acclaimed Research Editor and Data Analyst, William Hillis, has assembled a year-over-year review of eight key counties and 31 regional markets around the Puget Sound.
Read MoreIn early December, the Northwest Multiple Listing Service (NWMLS) press release indicated that home buyers in our region are feeling less pressure and more options amidst lending limit increases and softening home price growth.
Read MoreRealtor.com® just released their 2019 housing forecast, outlining what buyers, sellers and homeowners can expect as we say goodbye to 2018 and welcome the new year.
Read MoreStatistics from the third quarter of 2018 are in and Realogics Sotheby’s International Realty has analyzed the data with a look at the latest market trends in Seattle, the Eastside and Bainbridge Island. While previous reports this year continued along the same narrative—of anemic inventory and meteoric home price growth—this quarter brings a different story, as home price appreciation leveled off and buyers found more options on the market.
Read MoreThough the Seattle-area real estate market has decidedly been in favor of sellers for the past couple of years, buyers felt a bit of relief in July, as inventory increased for the third consecutive month. As Puget Sound Business Journal reports, the median sales price for July 2018 was up just 5-percent on a year-over-year basis, a stark decline from the 18-percent surge from the spring sales season. The root cause comes down to inventory, as there were just over 5,000 homes and condominiums available for sale last month, marking “a remarkable 48 percent more than July 2017.” After three months of inventory gains, supply is now higher than it’s been since early 2015.
Read Morellowing the announcement that British Columbia is increasing their foreign buyer tax on home purchases from the current rate of 15-percent up to 20-percent, King 5 News reported that the move “may create more demand from wealthy Chinese investors and homebuyers who are looking to purchase property in Washington state.” Adding to demand amidst anemic inventory supply, particularly in downtown Seattle condominium stock, however, is causing some worry.
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