Trends Year-to-Date Real Estate Recap Here we are, one-third into 2021, and boy what a ride it has been so far. We all know that 2020 was a unique year full of challenges and change. The pandemic made us pause and re-evaluate many aspects of our lives including where and how we live. The impact of the pandemic on the real […]
Trends What is your home worth?   Over the last 6 years, the median price for a single-family home in Whatcom County has grown by 68%, and in Skagit County 78%. Above are examples of actual homes sold in late 2015 to early 2016 that also sold in early 2021. Note, they were not remodeled or significantly improved in between sales. These examples show […]
Market Updates Q3 Market Report Windermere’s Chief Economist Matthew Gardner has released his Western Washington Quarter 3 Report.  High demand, favorable interest rates, and low supply clearly point to a seller’s market.  For a full look at what’s happening in this economy and housing market, read more in the link below!–24  
Market Updates The Q2 Western Washington Gardner Report  
Home Ownership Update on Mortgage Forbearance     On this week’s episode of “Mondays with Matthew”, Matthew Gardner provides an update on the mortgage forbearance program and what type of effect we can expect it to have on the US housing market. 
Market Updates A Snapshot I look forward to presenting this infographic to you on a monthly basis moving forward.  It gives you an easy way to digest changes year over year, and compare month to month if you look back at previous month’s snapshots.  I was surprised to see that the Available Inventory Ratio increased this year over last […]
Market Updates Current Numbers that Matter – Week 14 Catch-Up Market Everything appears to be playing catch-up.  More and more listings are coming on the market, and really values never did decrease! You can read more about that below. With that said, this will be the last weekly Covid-19 numbers, and I will be returning back to my monthly updates. I’ve truly appreciated all those who have followed along, asked questions […]
Market Updates Current Numbers that Matter – Week 13 Gratitude and Reflection There have been so many big, difficult, and heartbreaking things going on that require face-to-face conversations to help us connect, learn, and grow. If for no other reason, I am grateful to be in Phase 2 for just that- to see faces in person and have opportunities to talk about these issues! […]
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Market Updates Current Numbers that Matter – Week 12 Moving On to Phase 2! Welcome to June! It was announced today that the Washington State Secretary of Health has accepted Whatcom County’s application to move on to Phase 2 of the Washington’s Safe Start Plan. You can read a broad explanation of what that means here, and here are a few key changes: Lets you have 5 […]
Market Updates Current Numbers that Matter – Week 11 Getting Things Rolling Again After being cooped up for so long, no doubt you have noticed things around your home that you would like to fix or upgrade. Many contractors are slowly getting back to work after weeks of not being able to, and I have had clients asking for referrals of those I trust […]
Market Updates Current Numbers that Matter – Week 10 Staying Put a Little Longer This week, officials announced that the closure for non-essential travel over the border crossing to Canada has been extended until the end of June. So, we will have to wait a little longer for any fun rendezvous up north. I am curious to pay attention to how many of our Canadian buyers and sellers are unable […]
Market Updates Current Numbers that Matter – Week 9   Beginning & Ending on High Notes Our new normal seems to be becoming less new and more normal, just in time for our Phase 1 to be coming to an end- maybe one more week (at the earliest), and then we move on to Phase 2! It’s still not business as usual – no open houses, only serious homebuyers […]
Market Updates Mondays with Matthew: Let’s Discuss Mortgage Forbearance   On this week’s episode of “Monday’s with Matthew,” Matthew Gardner discusses mortgage forbearance and whether it will help or hurt the US housing market and what you should take into consideration if you are deciding whether or not it is an option for you!
Market Updates Current Numbers that Matter – Week 8   I hosted my very first Virtual Open House this weekend- what a fun way to show potential buyers and home lovers a home without spreading germs!  I hope you were able to join me live on Facebook from the comfort of your own home! If not, the recorded video is posted on my feed in facebook and on […]
Market Updates Current Numbers that Matter – Week 7 A PLAN TO MOVE FORWARD It’s already May! It almost seemed like April would never end, but we made it! Good job, team! Friday, May 1st, Governor Inslee announced that the Stay Home Order would now be extended past the previous deadline of May 4th to May 31st. The state will be opened back up slowly in a 4 phase series. As part of […]
Market Updates Current Numbers that Matter – Week 6 A Plan to Move Forward Hard to believe we’ve been paying attention to the numbers for 6 weeks already.  I’m thankful the number of COVID-19 cases in Washington State continues to decrease and we are starting to see a light at the end of the tunnel!  Below You’ll find: Updated Numbers Washington’s Recovery Plan Matthew’s New Construction Update Love to the Alcoa Families Another Chance […]
Market Updates Current Numbers that Matter – Week 5 There wasn’t really anything noteworthy this week in the news. We are all still in the trenches of this new temporary reality. This is week 5 of analyzing data in Whatcom County to observe the affects of COVID-19 on our housing market. BACK TO THE DATA This last week of 2020 compared to the same […]
Market Updates LENDING UPDATE W/ LENA  -Banks Tightening Qualification Guidelines- During this uncertain time, banks are in the process of tightening underwriting guidelines by adding more strict “overlays” to the Federal guidelines.  These overlays vary from bank to bank and it is important to know that each bank has their own overlays.  Agencies and government loan programs are also making changes that will lessen risk […]
Market Updates Tax Updates The IRS issued guidance Thursday evening to grant deadline relief for both 1031 like-kind exchanges and opportunity zone investments that are already underway.  Both of these programs are designed to promote economic growth in communities, and the National Association of Realtors made the case that investors in these programs should not be harmed due to the effects of COVID-19. 1031 Like-kind […]
Market Updates Current Numbers that Matter – Week 4 Data, Tours, Taxes and Interest Rates Most prominent in the news this last week was Washington State deciding that our students will not return to in person schooling this school year.  Families are mourning sadness of missing out on the end of year celebrations for milestone grade transitions, cancelled sports seasons and so much more.  […]