Market News

Oct. 20, 2022

Q3 2022 State of the Market and Data

 

By Chelsea Shapiro, Senior Broker

 

We live in a 24/7 real time, instantaneous kind of world, but in the real estate industry most things operate on a 90 day cadence.  Why?  That’s often the timeframe it takes to get a property ready for market, under ...

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Posted in Market News
Sept. 30, 2022

The Fed Basically Admitted It. They Want a Housing Correction

By: Dave Meyer

This week, the Federal Reserve hiked the federal funds interest rate 75 basis points, which was widely expected. But there is more to Fed meetings than the headline rate hikes, and this particular meeting provided us with new data and insights that show the clearest picture yet ...

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Posted in Market News
Aug. 29, 2022

Housing Recession Deepens

Source: https://www.nahb.org/blog/2022/08/housing-recession-deepens

In the bi-weekly newsletter Eye on the Economy, NAHB Chief Economist Robert Dietz provided the following overview of the nation’s economy and its impact on the housing market.

Rising mortgage rates, high inflation, low existing inventory and elevated home prices ...

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Posted in Market News
June 29, 2022

7 Reasons Why Home Values Won't Collapse

 

Half-full glasses and optimism are hard to come by lately and so often cynicism rules the day when it comes to economic forecasts for our country. Despite all that, I am choosing a set of rose-colored glasses for our outlook on the housing industry, and believe there is ample ...

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Posted in Market News
Nov. 19, 2020

Top 10 Misconceptions About 1031 Exchanges for 2020

For 2020, here are our latest top 10 misconceptions we’ve found that the public has about 1031 Exchanges.

    1. COVID-19 pandemic 1031 Extensions 
    2. Replacing Debt
    3. The Term Like-Kind
    4. Vacation and Second Homes Qualify
    5. Reverse Exchange
    6. Partial Exchange
    7. Qualified Intermediary Advice
    8. Identification Rules
    9. Timing Deadlines
    10. Loans, Equity & Tax Basis
  1. COVID-19 ...

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Posted in Market News
June 17, 2020

Inslee extends eviction moratorium

Update August 2020: Governor Inslee announced on 7/24/2020 an extension of the evictions ban in place across the state through October 15, 2020.

 

Gov. Jay Inslee extended protections for renters today as COVID-19 continues to impact the finances of Washingtonians statewide.

The governor first proclaimed a moratorium ...

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Posted in Market News
Feb. 10, 2020

Thoughts on the Housing Shortage:

We’re missing 225,000 housing units.  From the year 2000 to 2015 there were 225,000 housing units that should have been built in Washington state but were not.  Various reasons and issues created this gap - the recession, construction costs, a diminished labor force in the building industry ...

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Posted in Market News
Jan. 9, 2018

Tax Reform Summary for Commercial Real Estate

On Dec. 22, President Trump signed the Tax Cuts and Jobs Act into law making sweeping changes to the tax code. There is some good news for commercial real estate with 1031 like-kind exchanges for real estate being retained. The Historic Tax Credit for certified historic structures has also been ...

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Posted in Market News
Sept. 15, 2017

Multifamily Real Estate Market Report Q1-Q3 Puget Sound Region

Our Market | King County
 
 
286
2017 YTD Number of Sales.

 
$261,132 
2017 YTD Avg. Sales Price per Unit. 

 
$291
2017 YTD Avg. Sales Price per Square Foot.

 
32 
2017 YTD Avg. Days on Market.


4.2%
Average (Actual) Cap. Rate 



$1 ...
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Posted in Market News
May 31, 2017

Landlords file lawsuit against Seattle law that caps move-in fees

The Rental Housing Association of Washington filed suit on Tuesday claiming Seattle’s new cap on move-in fees for rentals is a form of rent control, which is unlawful in Washington State. The law, which passed unanimously in December, requires landlords to offer a six-month installment plan for tenants to pay ...

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Posted in Market News