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Saturday, March 26, 2016

RE/MAX National Housing Report: March 2016

RE/MAX researches 53 major metropolitan markets and analyzes the data to get a pulse on the US housing market. Here are some highlights from this months report. To download the full report visit For more information about your local real estate market and what these trends mean for you, contact me!

Tuesday, March 15, 2016

Basic Economics

In February, median single-family home prices in Seattle jumped 24% over February 2015 to $644,950 and King County’s median single-family home price increased 20% from a year ago to $514,975. These prices are well in excess of the median single-family home prices prior to the economic meltdown nearly a decade ago. The dramatically increasing housing prices are only a symptom of the affordability crisis. The underlying cause is a lack of supply. Some people believe that housing markets are not driven by supply and demand – they are wrong. When demand exists and supply is scarce, prices go up. When there is demand and very scarce supply, prices go up a lot. Basic economics.

Are you ready to sell your home?  Call me today at 360-870-5191.