Wednesday, January 29, 2020 / by Jason Gasbarra
To continue the best-in-class experience you’ve come to know and trust, we’re proud to launch our email newsletter. Full of knowledge and research—and delivered right to your inbox bimonthly—the newsletter will offer articles and information that we feel is valuable and relevant to Seattle’s housing market.
So grab a cup of coffee and enjoy this 5-minute trend report.
3 REASONS TO PURCHASE A HOME RIGHT NOW
If you’re thinking of buying a home, there are three reasons why now is a great time to purchase. First, interest rates are very low, which means you can buy more home for less. Second, we’re not seeing many multiple-offer situations—this gives you a better chance to buy the home you’re looking for. Last, rents only have one place to go, and that’s up. See our blog for more related content.
4 Things to Never Do When Buying a Home
3 Things to Expect From an Agent
Marian McPherson | Inman
2020 PROMISES TO BE A BUYER’S AND SELLER’S MARKET
Economists predict the 2020 housing market will look a lot like it did in 2019. That’s good news for both sellers and buyers. Low mortgage rates will continue to entice people to buy, and Millennials are one group that’s expected to make a big entrance into the housing market. As buyers enjoy great rates, sellers will continue to benefit from supply and demand. With more people wanting to buy than sell, sellers will be more likely to see top dollar for their homes. If you have a subscription to Inman, you can read the article here.
INVESTING IN THE FUTURE
There is money in real estate—don’t let anyone tell you otherwise. An analysis from Forbes shows exactly how ordinary people are seeing extraordinary returns on investment in the real estate market. The primary areas of wealth growth involve owning rental properties, benefitting from year-over-year appreciation, and using depreciation for a major tax break. For more details, check out the article.
The KCM Crew | Keeping Current Matters
ONE EASY WAY TO INCREASE YOUR NET WORTH
If you’re looking for a way to increase your family’s wealth, it’s time to think beyond the savings account. US Census Bureau researchers are saying that home ownership is the biggest factor in determining wealth (in addition to having a retirement account). So if you want to grow your wealth, take that step to buy your first home. Or, if you’re already a homeowner, buy another one! The website Keeping Current Matters offers more insight, links, and graphics to this smart way of investing.
2019 ENDS IN A SELLER'S MARKET
The data is in, proving most of the predictions wrong: late 2019 was a huge win for sellers in King County. According to the numbers, “there were more buyers chasing fewer homes for sale than any time since May 2018.” This surprised the prognosticators who thought for sure we’d have a buyer’s market. For a closer look at Seattle’s housing market, check out the Seattle Times article.
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CHEERS TO ANOTHER GREAT HOLIDAY IN THE BOOKS!
This year our team celebrated at Teatro ZinZanni wrapping up 2019 with great success. Our team continues to grow bigger and stronger, providing the best agents in the industry. Here's to 2020!