Housing Trends

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

Please click on this link to view the DEC-2013 Newsletter Housing Trends eNewsletter:
http://wendywonder.housingtrendsenewsletter.com?Newsletter_ID=307&Period_ID=416

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

It also includes press releases with charts and videos, key market indicators and real estate sales and price statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report:
http://wendywonder.housingtrendsenewsletter.com?Newsletter_ID=307&Period_ID=416

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.
Sincerely yours,

Wendy Ceccherelli
 Home Land Seattle
 PO Box 221013 Seattle
 WA 98122
 4252707292
 Email:HomeLandInvestment@gmail.com

Happy Investing!

Housing Market News

Is Seattle's apartment market overbuilt? Some market observers believe it is, as reported in this past Sunday's Seattle Times:

http://seattletimes.com/html/businesstechnology/2020775791_apartmentboomxml.html

Fannie Mae conducts a National Housing telephone survey each month since June 2010 to assess the attitudes of Americans toward owning and renting a home, home and rental price changes, homeowner distress, the economy, and household finances. In the latest survey, 26% of respondents increasingly find this a better time to sell a house, 73% consider it a good time to buy a house, and close to half the respondents expect both housing and rental prices to increase in the next 12 months.

For a complete report, see http://www.mortgagenewsdaily.com/04082013_fannie_mae_housing_survey.asp

At the end of March, it was announced that the 20-city Case-Shiller Index was up 8.1% year-over-year. A few weeks earlier, Zillow had released its latest survey of 118 economists, strategists and other experts on the expected direction of home prices over the next five years. Every one expected higher prices with the most pessimistic prediction showing an average annual increase of 3%. Clearly, there is a very broad consensus that the housing market has bottomed.

Home Prices Up in Seattle

Nationally, the U.S. real estate market is certainly putting some boldness into its recovery, as indicated by recent reports. February existing home sales shot up 10.2% from a year ago, the fastest sales pace since the homebuyer tax credit boost in November 2009. The median existing home price is UP 11.6% nationally versus a year ago and has now posted year-over-year increases 12 months in a row.

In Seattle, we can see that the median 3-bedroom home in 98115 sold for $439,975 in 23 days in 2012. This year, that same median 3BR home sold for $464,000 in 11 days! Multiple offers on houses in high-demand Seattle neighborhoods are now the norm.

If you have been sitting on the fence wondering whether now is the time to sell, I would be happy to provide a free, no-obligation home evaluation over the internet. This will give you a ballpark figure for what your home sale might bring in today's market. I also include all the various closing costs that you will incur as a seller, so you will know exactly what you will have left in your pocket after all expenses.

If this would be helpful, please contact me at HomeLandInvestment@gmail.com or call 206.274.0800.