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November 2018

Found 4 blog entries for November 2018.

should-you-rent-or-buy
While home prices are still rising, the pace of increased values has been slowing in recent months, as has the number of home sales. The long drought of listings, at least on a national basis, has finally broken, with Realtor.com reporting that new listings were up 4 percent in October 2018, compared with October 2017.

The majority of markets across the United States saw an increase in the number of homes for sale this October, compared with October 2017, with increases of more than 32 percent in San Jose, Seattle, San Francisco and Nashville.

One more indication that the housing market might be getting better for buyers is that the number of price cuts on homes for sale recently reached the highest level since 2014, according to researchers at

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If you're in the market to buy a house, you could be in luck. Compared to this time last year, house hunters have a better selection -- and perhaps more negotiating power.
Even with the usual fall decline in houses going up for sale, there are still 4.7 percent more houses for sale now than October 2017, according to the Northwest Multiple Listing Service's (NWMLS) latest report.

"The increase in standing listing inventory brought more choices to buyers and the meteoric price increases of the spring market have slowed," MLS director John Deely, principal managing broker at Coldwell Banker Bain in Seattle, said. "Sellers responded by capturing available buyers with competitive pricing or by quickly adjusting pricing."

Home and condo prices are

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Searching for that perfect fixer-upper to call home can be a bit overwhelming, can’t it? As a prospective buyer you’re really forced into some heavy duty priority juggling. Neighborhood, sale price, house features, yard features, cost of improvements and as-is condition are just a few of the big ones.

What about identifying problematic old repairs? What was done? Was it done right? Is something being covered up?

Even if you have a real estate professional on your side, and you should, the decision as to when and where to make an offer falls squarely on your shoulders. Once you’ve made your offer and the seller has accepted it, chances are you’re in for some expenses. Home inspectors, termite tests, surveys and more are usually at the buyer’s

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Earlier this week the news was that the average Seattle-area homebuyer has been successfully able to negotiate a deal at below list price for the first time in four years.

But that’s only half the story: In a lot of cases, sellers are now doing the work for buyers by lowering the list price themselves.

At the start of the spring, when the local market was still on fire, just 5 percent of all homes on the market in the metro area had a reduced listing price, according to Zillow.

Now, 22 percent of all listings are being pitched at a reduced price, the most since Zillow began tracking the data in 2010.

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Nowhere else in the country has seen a change that dramatic.

On average,  sellers cutting their list price here have reduced it by 3

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