The United States Census Bureau is one of my favorite resources for everything from population charts, area information, and even what is happening in real estate. Wait…did you know that the Census Bureau tracks what is hot in housing trends? They do indeed! The Census Bureau conducts The Survey of Construction which looks at current […]
Archive for the ‘Real Estate Industry News’ Category
Multi-Generational Homes – Big-Time Demand!
Multi-generational homes are increasing in demand across the country. First I want to explain what a multi-generational home is: It is a home that can have multiple families living under one roof in separate spaces. A multi-generational home could house a married couple caring for an older parent, a grandparent living with an adult grandchild, […]
New Construction in High Demand
New construction is a major driver of real estate markets nationwide. Without it inventory levels remain lower than normal and house prices can’t help but rise. In order to look forward to what is expected for the spring building market you have to first understand what it takes to build a home. With the average […]
It’s the Most Advantageous Time of the Year
I can feel it in the air… The National Association of REALTORS conference is next week, followed shortly thereafter by Thanksgiving. It’s the feeling of brokers looking forward to turning their attention away from their business and towards family and friends. While others may be smelling gingerbread and stuffing made from scratch, I smell opportunity. […]
What Makes A Strong Market?
When it comes to HOT or STRONG real estate markets, a simple question often asked is “what makes a market strong?” The obvious answer being … DEMAND, of course. While demand absolutely drives people to buy in certain areas there are reasons for that demand and you have to look beyond the current demand to […]
Don’t Panic! Market Fluctuations Are Very Normal
I am sure in the past week many of you have had buyers or sellers voice concern over the state of the real estate market in relation to the stock market challenges as many people are sensitive to stock market fluctuations. While there is no disputing that China is experiencing a market correction which has […]
Aging in Place: What You Need to Know
Every year when I do my annual predictions I make a prediction on home renovation activity. It is no secret to anyone who has read these predictions that I have been predicting record high renovation projects to be started and completed in the next five years. The reason for this is very simple, people are […]
Big News for Real Estate and the Entire Pacific Northwest
I have been talking about the possible alliance of the Port of Seattle and the Port of Tacoma for quite some time. I have watched with eager anticipation of what the two ports would do and ultimately whether or not the alliance would be allowed to happen at all. I am thrilled and ecstatic to […]
Spring Leads Into a Robust Summer Market
Over the past few years we have been used to real estate sales taking a breather in the summer months after the usual spring boost of sales. However, this year is different and the rate of new single family home sales has continued to soar to its fastest pace in seven years. This has caused […]