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Animated Agent's Blog Now or Later: When Rates Drop, Expect the Market to Tilt The question that many potential buyers are asking themselves right now is: should I wait for rates to drop before I buy? Higher interest rates have certainly made monthly payments higher and challenged overall affordability, however it is important to consider creative financing options and what the impact on prices will be once rates lower. Experts […]
Animated Agent's Blog New Agency Law Changes: Transparency, Consumer Protection & Commitment On January 1, 2024, major changes to the Law of Agency will go into effect. These changes result from the real estate industry in the state of Washington wanting to elevate the level of transparency and consumer protection surrounding buyer representation. Senate Bill 5191 was voted into law requiring adjustments in how brokers operate when working with […]
Animated Agent's Blog The Low Inventory Effect: Nationally & Close to Home The video below from Matthew Gardner, Windermere’s Chief Economist, refers to the effects of constricted inventory levels on the national housing market in a higher interest rate environment. Review the localized numbers that I gathered that pertain to King and Snohomish Counties and then check out what he has to say about the national trends. […]
Animated Agent's Blog Win-Win: How to Overcome Interest Rate Pressure with Creative Financing Lately we have talked about life changes leading to real estate moves. Sometimes moves are brought on by joyful advancements in life and sometimes they are motivated by hardship. Then there are times when your actual house just doesn’t fit your life anymore and it is time for something different. Whatever might be calling someone to make […]
Animated Agent's Blog Should You Stay or Should You Go? Interest Rates Limit Inventory and Stabilize Prices There has always been a direct correlation between interest rates and home prices. The rule of thumb has always been when rates go up prices go down, and vice versa. This was temporarily proven true in the summer of 2022 when rates quickly rose by 2% (3.5%-5.5%) over 5 months. It created a price correction in the […]
Animated Agent's Blog 2023 Market Predictions, Fact Checked. One of the reasons why we are fortunate to have Matthew Gardener as our Chief Economist at Windermere is his transparency. Every year, Matthew makes predictions for the coming year based on his monumental research and years of experience. Just this week, he reviewed his 2023 predictions and recorded the video below. Most of his […]
Animated Agent's Blog Which is better, renting or buying?: The financial benefits of owning real estate. The financial benefits of owning real estate significantly outweigh the option of renting. Renting is certainly a must for some, and is what one may have to do while they build up to becoming a homeowner. Becoming a homeowner requires solid employment, good credit, and some type of down payment. Savings can all be built over time and […]
Animated Agent's Blog December is for GIVING at Windermere North! Between holiday parties, family obligations, work, and the pressure of finding the perfect gift, this time of year can come and go in a flash. At Windermere North, we never want this season to go by without coming together to lift up our community and give back in meaningful ways.   Our office-wide annual holiday […]
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Animated Agent's Blog Key Factors to Note as the Market Recalibrates in the New Year 2022 has been an eventful year in the real estate market and the economy. After 2 years of pandemic-fueled demand and historically low interest rates, we experienced a shift. The Fed quickly raised rates (by 2 points) from April to October to combat inflation, curbing buyer demand as affordability took a hit. The overall economy […]
Animated Agent's Blog Matthew Gardner’s Top 10 Predictions for 2023   1 There Is No Housing Bubble Mortgage rates rose steeply in 2022 which, when coupled with the massive run-up in home prices, has some suggesting that we are recreating the housing bubble of 2007. But that could not be further from the truth.   Over the past couple of years, home prices got ahead […]
Animated Agent's Blog Understanding the real estate market shift: Location is key! There is an old adage in real estate: location, location, location. Where a property is located has the biggest influence on its value. Through the pandemic years, we saw a shift in how the location was valued. Before remote working became more common, homes located in neighborhoods that were closer to job centers such as Seattle were at […]
Animated Agent's Blog Summer Food Drive! Every year since 1984, Windermere has designated one day to help make a positive difference in the communities where we work and live. 2022 is the 7th year that my office has spent this day working to put fresh produce on the tables of local families who need a little help. On June 10th, my […]
Animated Agent's Blog Matthew Gardner’s 2022 Predictions for the Local Economy & Real Estate Market Last week, my office hosted our 14th annual Economic Forecast Event with Matthew Gardner, Windermere’s Chief Economist. It was an hour-long presentation followed by lively Q & A that was packed with useful information to help guide us as we start the new year. Matthew journeyed the audience through a macro to micro approach, reflecting […]
Animated Agent's Blog Will COVID-19 Impact Where People Want to Live? Will COVID-19 Impact Where People Want to Live?   Recently, Matthew Gardner, Windermere’s Chief Economist released a video about the effects COVID-19 is having and/or could have on consumer tendencies in real estate. There seems to be quite the paradigm shift happening due to health reasons, appreciating simpler schedules, and the new phenomenon of many people working from home. Along with […]
Animated Agent's Blog Are we keeping pace with 2019: A Look at Weekly Sales Activity Amid the Stay at Home Orders There have been a lot of questions that I have encountered about the stability of the housing market due to the global health crisis of COVID-19. I have kept close track of the statistics and daily activity in our market in order to help keep my clients well informed. Inventory levels remain very tight and buyer demand […]
Animated Agent's Blog 9 Destination Shopping Opportunities in Lynnwood Lynnwood has some truly notable shopping opportunities, and it’s a destination for many in Snohomish County! According to our own Jen Bowman, Lynnwood is a “retail Mecca—how do you choose just one area? Looking for a new car, a couch, organic groceries, jewelry or a specialty bottle of wine? Come to Lynnwood! Total Wine, Whole […]
Animated Agent's Blog Tips For Exploring Edmonds’ Scenic Waterfront & Beautiful Parks Located right along the Puget Sound, Edmonds features a long list of scenic opportunities for exploring the outdoors! From picturesque parks to its iconic waterfront, there’s a variety of activities to choose from, whether you’re just looking for a day at the playground or wanting to spend a sunny day by the sea. When the […]
Animated Agent's Blog 16 Excellent Independent Businesses in Edmonds The Edmonds area is filled with an exciting array of independent businesses to explore and support! From restaurants that serve up authentic and comforting fare to shops stocked with treasures you can’t find anywhere else, the businesses in Edmonds are made even stronger by the support of loyal customers and the warmth of the staff […]
Animated Agent's Blog How to Take Advantage of Edmonds’ Thriving Art Scene We are so thankful for Edmonds’ commitment to the arts! As a result of members of the community making the arts a priority, there are some truly excellent and enriching opportunities to enjoy the arts all year long. Whether you’re looking to appreciate some art in a gallery or museum setting or just want to immerse […]
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