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January 2018

Found 5 blog entries for January 2018.

Female homeowners are still earning less equity than their male counterparts, according to an August 2017 study by Redfin. The disparity remains because women still make less money than their male counterparts, put down a smaller down payment and often carry a higher student loan level, said Nela Richardson, a chief economist for Redfin.

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The Seattle-based real estate brokerage examined 199,387 homes that were sold in 18 of the largest metros in 2012. In the five years following their purchase, women earned a median $171,313 of home equity compared to $186,403 of equity earned by men, or 8.1% less than men.

The gap in gender equity was the largest in Seattle, where women earned 6.3%, or $20,983, less equity over the five-year period. The

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More than half the homes sold in Seattle last year--52.4% according to real estate website Zillow--were sold for more than the asking price. That's an increase from 20.3 percent five years earlier. That's the largest increase in any market that Zillow tracked.

The median amount paid above the list price was $21,000.

Nationwide, 24.1 percent of homes sold above asking price compared to 17.8 percent in 2012. The median amount paid above list price was $7,000.

Zillow cites strong demand, limited supply, and low-interest rates in the U.S. housing market, with a steady decline in inventory over the past three years.

The average home in Seattle sells in less than 50 days, according to Zillow. That's faster than the nationwide average of 80

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Homeownership can be a costly endeavor, especially since certain tax breaks are now less generous. Here are a few things to be aware of if you're planning to go from renter to owner this year.

If you're thinking of buying property this year, here are a few points you need to be aware of.

1. Your housing costs shouldn't exceed 30% of your take-home pay

Regardless of how the recent tax changes end up impacting you, a homeowner's housing costs should never exceed 30% of take-home pay. Different folks have their own interpretations of what peripheral expenses that 30% threshold should encompass, but at a minimum, it should cover known costs like property taxes and homeowner's insurance. For better protection, however, I'd recommend that that 30%

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If Seattle's real estate market is going to slow down over the next year, will it be a burst or a dribble?

That's the question on a lot of analysts minds. According to the latest S&P Corelogic Case-Shiller home price index, Seattle has lead the nation in home price increases for  14 months in a row.

The only relief buyers seem to get is a holiday slowdown, and even that is fairly short-lived: Adjusted for seasonal changes, prices grew 0.6 percent from the month prior, according to Case-Shiller, and the Northwest Multiple Listing Service report found that while both inventory and pending sales dipped to their lowest levels since April, prices still increased by double-digits in most of the 23 counties NWMLS serves.

While many brokers see the

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Bosa Development just released new architectural details and renderings of the highly anticipated One88 condo project in Downtown Bellevue.

One88 will be the city’s first high-rise condominium community in nearly a decade, and it will also be the first project in the region for world-renowned architect Hossein Amanat. The 21 story luxury tower will feature 143 residences.

Bellevue, much like Seattle, has been starving for condo inventory. Its boutique, has an amazing location, will overlook Downtown Bellevue Park and has quite a bit of view protection for years to come.

According to a recent press release by One88:

“One88 will truly change the skyline of downtown Bellevue. It will not be an ordinary, cube-shaped tower, it will be a

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