My Blog
QUARTERLY REPORTS Q2 2024
Home values had positive growth in the second quarter of 2024, and inched close to the peak levels we saw in Q2 2022 before the post-pandemic housing correction. Despite inflation and interest rates remaining stubborn, demand has continued to be strong, resulting in a seller’s market. A bright light for buyers is the recent uptick […]
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Half Way Through 2024: Mid-Year Opportunities in the Real Estate Market
As we approach the mid-point of the year, I want to take a moment to explain all that has happened in the 2024 real estate market and where we might be headed. We have had strong price growth since December 2023, and in May 2024 prices matched the peak we saw in spring 2022. The […]
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Transparency First: NWMLS Votes to NOT opt in to the NAR Lawsuit Settlement
As promised, here is the latest update regarding the $418 Million NAR Lawsuit Settlement and how it will affect real estate operations in WA State. As the deadline to opt in to the NAR Lawsuit Settlement approaches, the Northwest Multiple Listing Service (NWMLS) announced last week that they have voted to NOT opt-in to the settlement. […]
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Buyer Demand Persists and Seller Equity Soars Amongst Interest Rate Volatility
As we sit almost five months into 2024 in the middle of the spring market and I reflect on how the year is going, I am grateful, amazed, and locked in on the stats. You see, the last four years since the start of the pandemic have been an eventful and wild ride. 2020 saw […]
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Three Hot Buttons in Real Estate
The real estate industry has been in the news a bit lately. Not so much about the trends and home values. More so about class action lawsuits, which have stolen a lot of attention away from the positive activity that is happening in our market. While the lawsuit is an important story to track, one […]
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QUARTERLY REPORTS Q1 2024
After an almost two-year journey of recovery and stabilization since the spring 2022 correction, the market has started to experience solid price appreciation. The median price in Q1 2024 vs. Q1 2023 shows that despite interest rates remaining stubborn, buyer demand is returning to the market. Improved consumer confidence and acclimation to lending costs have caused […]
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Accurate Update: Washington State & the Proposed NAR Settlement
As I am sure you have heard on the news, there is a proposed settlement agreement for the NAR (National Association of Realtors) Class Action Lawsuit. It has certainly stirred up plenty of headlines that have been glossy, and in many cases, inaccurate. Many of the reports and headlines have been national and it is […]
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Phill was Right! Spring Arrives Early for our Local Real Estate Market
When Punxsutawney Phill climbed up to his perch at Gobblers Knob on February 2nd and did not see his shadow, an early spring was predicted. Little did we know that he would be referring to the real estate market! As we experience temps in the 30s and scattered snow showers in the first week of March, we […]
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New Year, New Laws! What This Means for Consumers Moving Forward.
Effective January 1, 2024, the statute in Washington that governs real estate brokerage relationships (RCW 18.86) otherwise known as the “Agency Law” – was significantly revised. The revisions modernize the 25-year-old law, provide additional transparency and consumer protections, and acknowledge the importance of buyer representation. KEY REVISIONS For decades, real estate brokerage firms were only […]
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