Author Archives

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June 2016 RE/MAX National Housing Report

NHRJune2016

Homebuyer Demand Moves Market Higher

As homebuyer demand continues, May saw a 10.3% jump in sales over April and a 5.1% increase over May last year, which is slightly higher than the average year-over-year sales increase of 4.5% so far in 2016. The Median Sales Price in May was $222,475, a 4.2% rise from price levels one year ago and 3.5% above the median price in April. The inventory of homes for sale remains very tight in many markets across the country, with the May inventory 14.8% lower than May 2015. At the rate of home sales in May, the national Months Supply of Inventory was 3.0, down from 3.2 in April.

Read the full article in RE/MAX’s Newsroom…

Watch the short video on YouTube…

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17526 149th Ave SE #J8, Renton, WA 98058

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$114,900

1 bedroom; 1 bathroom; 588 square feet

Light, bright and beautiful! You will love this updated, move-in ready top floor end unit. It features fresh paint, new flooring through-out, bathroom vanity, light fixtures, blinds and newer appliances. You’ll also enjoy reserved parking right in front of your condo, the washer/dryer combo in large utility closet, extra storage on the deck and especially quiet nights with a sound barrier installed in the bedroom floor. It’s perfect for all seasons with a cozy wood fireplace, pool and sport court!

Sold 8/5/2016

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10 Top Cities for Dog Lovers

Dog

A whopping 54.4 million households – or 44 percent – own at least one dog, according to the 2015-2016 American Pet Products Association survey. That trumps the 35 percent of cat-owning households.

Americans sure do love their pets. In fact, spending on pets has doubled from 2001 to 2015, up from $28.5 billion to $60.28 billion, according to the APPA.

In some cities, the number of dog owners, in particular, is growing. Realtor.com®’s research team sniffed out the 10 best cities for dogs, factoring in the percentage of households that own a dog as well as the number of dog parks and trails, dog-friendly restaurants, pet stores, and dog walkers.

Check out which cities go to the pooches and how Seattle ranks…

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The 10 Best Markets for Millennials

Home

The road to home ownership has been a struggle for many young adults, mostly due to financial obstacles. However, some millennials may find more luck in less expensive metro areas that also have steady job growth and lower qualifying incomes necessary to purchase a home.

NAR recently analyzed employment gains, population trends, income levels, and housing conditions among the 100 largest metro areas to pinpoint the best purchase markets for millennial home buyers.

Read the article and see where Seattle lands on the list…

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Four Steps to Finding the Right Neighborhood for You

Young Family

Whether you are moving to a new city or just moving across town, there are many things to consider when deciding on the ideal neighborhood. I know how important this decision can be and I’ll take the time to talk with you about resale value, the local area, and what loan programs will be the most beneficial to you.

Here are four easy steps for finding the best neighborhood for your needs…

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What Not to Do as a New Homeowner

Front Door 2

We know so well the thrill of owning your own house — but don’t let the excitement cause you to overlook the basics. We’ve gathered up a half dozen classic boo-boos new homeowners often commit — and give you some insight on why each is critically important to avoid.

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Baby Boomers Heading Back to the City

Planning

Unlike previous generations, many baby boomers aren’t planning their retirement in sunny southern locales. Instead, more are choosing to move back to metro areas they had left when they started raising a family in the suburbs.

Read the article…

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Average Time to Close: 44 Days

New Homeowners

For the second consecutive month, the average time to close all loans stayed at 44 days, suggesting that new mortgage rules that took effect this fall are having less of an impact on delaying loans, according to Ellie Mae’s latest Origination Insight Report.

Read more…

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7 Must-Know Facts About President Obama’s New Home

Obama

Whoever winds up moving into the White House next year is still anyone’s guess, but one thing’s for certain: President Barack Obama will have to move out. And he’s already chosen his new digs!

Here are seven facts about the first family’s new home that you’ll be glad to know…

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National Housing Videos

National Housing Videos

Every month RE/MAX researches 53 major metropolitan markets and analyzes the data to get a pulse on the US housing market. Here’s a short video with some highlights from this month’s report. To view past months’ videos or catch up anytime, visit my YouTube channel.