Real estate-related community news (and a bit of awesomeness).

REAL ESTATE news

Sales of existing homes slipped 0.7 percent in July, fourth straight monthly decline

House

Lower priced homes are experiencing fewer price reductions than upper end properties

Why hospitals are investing in real estate

Home value growth slowing in several hot markets

MORTGAGE & FINANCE news

Young homebuyers funding home down payment from their retirement account

retirement

Before you buy that first investment property, read this

Massive student debt makes homeownership almost impossible

HOME trends

Guide to understanding your home’s value

Declutter your kitchen and double your storage space Kitchen

Questions to ask before buying a condo

LOCAL news

seattle

Seattle-area frenetic growth has cooled, but boom is still on

Buyers see hope on the horizon in cooling Seattle market

Seattle-area drops to the #12 market for home price growth

Home price acceleration slows, but it’s still a challenge if you’re a buyer

Seattle #2 on list of best cities for ice cream lovers

icecream

Performing arts and affordable housing come together in planned Rainier Valley development

Why do so many apartment buildings in Seattle look the same?apartment

New Hugo House opens in Seattle

The SR-99 tunnel gets its stripes (and some running stick figures)

Amazon leases Expedia’s entire Bellevue tower

Renton’s Kenworth Truck assembly plant celebrates 25 yearstruck

Port of Everett breaks ground on huge and historic modernization project

SunsetandGrand_Everett

Economic outlook for Washington State

Where do Washington State’s billionaires live?

Homes throughout the Northwest continue to appreciate

WEEKLY DOSE OF awesomeness

What do the smart home systems of the wealthy have that Alexa doesn’t?

future

(hint: Morgan Freeman)

2018 Home buyer Trends

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2018 Home buyer Trends*

  • The US homeownership rate is 64.2%.
  • First-time home buyers made up 30% of all home buyers with buyers 37 years and younger to be the largest generational group of buyers with a median age of 31.
  • Recent buyers were categorized as following:

Married Couples=67%    Unmarried Couples = 8%

Single Females = 18%     Single Male = 7%

  • Thirty-seven percent of all buyers had children under the age of 18 living at home.
  • Buyers of new homes made up 15% and 11% of these new homes were buyers of age 37 years and younger while 21% were buyers of age 63 to 71.
  • The most common type of home purchased continues to be the detached single-family, which made up 83% of all homes purchased.
  • Senior-related housing accounted for 13% of buyers over the age of 50.
  • The typical size of home recently purchased was approx. 1,800 square feet with 3 bedrooms and 2 bathrooms. The size of home for buyers 38 to 52 years was typically larger homes at approx. 2,000 square feet, compared to the rest of the age group that purchased homes at a median of 1,800.
  • Heating and cooling costs were the most important environmental features for recent home buyers, with 34% finding these features very important.
  • Overall, buyers expect to live in their homes for a median of 15 years, while 18% say that they are never moving. For buyers 37 years and younger, the expected length of time in only 10 years compare to 20 years for buyers 53 to 62 years.
  • Among nearly all generations of home buyers, the first step taken was to look online for properties, except for buyers 72 years and older who contacted a real estate agent first.

 

*source 2018 National Association of Realtors Home buyer and seller generational trends

 

The latest in real estate-related and community news (and a bit of awesomeness). 

WIRE FRAUD alert– Home-buyer loses $31,000 in mortgage closing scam

REAL ESTATE news

U.S. existing home sales rise in March, inventory remains tight.

How self-driving cars could affect the real estate market.

Cities with the largest home price gains since the Recession.

Rents are rising at the fastest pace in two years.

MORTGAGE & FINANCE news

6 personal finance habits everyone should get into

Millennials will spend about $93,000 on rent by the time they are 30

10 hard truths about buying a home

HOME trends 

Second-time homebuyers would rather have a laundry room than a living room

Ways to reduce your carbon footprint

When solar panels make sense…and when they don’t

LOCAL news

Washington has nation’s highest ranked economy

Seattle homes sold at fastest pace ever, says Zillow

A peek into the modern homes of Seattle April 28

Will spring showers bring relief to area homebuyers?

King County continues to lead in home price growth

Developer plans to restore Edith Macefield’s ‘Up’ house in Ballard

We’re on track for the wettest April in Seattle history

Waterfront tunnel tolling scenarios

Snohomish PUD drops plan for hydroelectric plant

Startup Urban Herd is ride sharing for horse-lovers

A new waterfront hotel breaks ground in Everett as the Marina makeover gets underway

Average home sale price in Edmonds now at $670K

Seattle sending Boise its economic boom and the accompanying issues as well

800px_COLOURBOX2590232Researching schools and school districts? Ratings and Reviews. WA State School Report Cards – grading and stats for districts and individual schools
National Center for Education Statistics – grading and stats for schools and colleges
Private School Review – search and find information on private schools
Public School Review – important information on public schools
Great Schools – information and reviews on public and private schools
School Digger – search for schools and compare ratings and scores

WEEKLY DOSE OF awesomeness

Light Rail for cars? There’s a road in Sweden that recharges your electric vehicle while you’re driving  See it in action here:

 

 

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