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  • May Newsletter

    Friday, May 8, 2020   /   by Jason Gasbarra

    May Newsletter

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    A CHANGING MARKETPLACE


    The pandemic may be affecting the economy, but one thing remains: real estate in Washington state is holding steady. Inventory is low, but buyer demand is strong. We continue to see multiple offers on most well-priced homes. Here’s what you need to know to stay informed so that you can make the best decisions for your goals and portfolio.



    FEATURED




    WORKING WITH AN AGENT


    Real estate has been declared an essential business. While we may have to practice social distancing when touring homes, most of the steps to ownership remain the same:

    1. Know who you’re working with.
    2. Know your budget.
    3. Know your focus.

    Every Door Broker Liz Hake walks us through each of these important steps. Read the blog or watch the 3-minute video here.
     


    Related Articles

    3 Pieces of Advice for Buyers
    Three MUST Do's Before Buying a Home

    See more blog articles.



    MARKET TRENDS


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    Getty   |  Forbes


    HOW WILL COVID-19 CHANGE REAL ESTATE FOREVER?


    America’s top agents weigh in on how they think COVID-19 will permanently change the housing market. Ideas range from digitizing the buying and selling processes to reimagining floor plans that better accommodate potential future stay-at-home orders. To read the full article, visit Forbes.com.



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    Andrii Yalanskyi / Getty Images  |  Inman


    MORTGAGE RATES DROP TO A 30-YEAR LOW


    If you’re thinking of refinancing or buying, now is the time to do it. Inman.com reports, “The average contract interest rate for 30-year, fixed-rate mortgages dropped to 3.45%, its lowest level since the Mortgage Bankers Association began its weekly survey.” Read the full article and take a look at the data here.



    SEATTLE NEWS


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    Steve Ringman  |  The Seattle Times



    A STRONG START BUT AN UNCERTAIN FUTURE

    In January, the Puget Sound housing market was white-hot, continuing its upward trend of leading the country in home price increases. According to the Seattle Times, “Local home sales remained at frenzy levels well into the early weeks of the pandemic. But much has changed since then.” Fewer houses are hitting the market, and brokers are navigating stay-at-home orders. Read more here.



    SEATTLE NEWS


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    Michael Hession  |  The New York Times



    GADGETS THAT GUARD AGAINST MAYHEM

    If you’re looking to invest your tax return into your home, smart-home sensors are worth a serious consideration. From detecting water leaks to alerting you when an exterior window or door is being used, there are a number of gadgets on the market designed to protect your property and peace of mind. Read The New York Times review here.



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    SIMPLE RULES TO BOOST HOME VALUE


    According to this article in Consumer Reports, following eight simple rules could increase your home’s value by 35%. Ideas include being smart with square footage (a 4-6% potential bump) and focusing on features that are easy to maintain (a 3-5% potential bump).



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    FIND YOUR DREAM HOME

    See Current Listings


    every door news + events


    Every Door Real Estate moved to larger office digs!

    We moved upstairs into a sweet suite #204. As we continue to grow we are always looking for talented brokers to join our team!


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