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Have a fun and safe 4th of July! 

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The latest in real estate-related and community news (and a bit of awesomeness), straight to your inbox each week. Pass it along!


How scammers target home sales and steal down payments

Computer, Security, Padlock, Hacker, Hacking, Theft


Results of the annual Harvard Joint Center for Housing report released

New home sales down despite drop in mortgage rates

Housing crunch sends bigger populations to small towns

New, Home, House, Estate, Real, New Home, Residential


Gamify your finances with these three apps

How much you need to save if planning to tie the knot and buy a home in the same year

Best places to own a home and pay fewer taxes


HOME trends

Room dividers are back

Plants for your garden that will NOT be eaten by deer

Brown Deer

IKEA introduces robotic furniture available in the U.S. within a few years

LOCAL news

Seattle home price gains slow

Centerpiece on Coffee Table Beside Sofa With Three Pillows

Home prices fell in Seattle from April to May

Crowdfunding to help build affordable housing in Seattle

Seattle makes affordable housing mandatory in upzoned neighborhoods

Seattle housing affordability increased in April

Apple announces major Seattle expansion into big new office complex

Five Person in Front of Table

New rules go into effect for cyclists on water taxis

How will the coming 4,500 Expedia employees affect Seattle traffic?

Water Dew in Clear Glass Panel

Free Orca transit cards for 1,500 public housing residents a ‘life-changer’

Seattle’s cycling gender gap is among the widest in the nation

Animal history of Seattle’s Capitol Hill

Seattle rabbits are doing what rabbits do

Close-up of Rabbit on Field

Locally produced brews and thirst quenchers for summer

Beach towns near Seattle

Best Mt. Rainier day hikes


Ten Eastside families become Habitat for Humanity homeowners

Is Renton the next Big Thing?

Issaquah sports medicine event July 13, free to the public

Construction begins on schoolhouse district project in Woodinville

Snoqualmie casino summer concert lineup

NorthCountry rebranding of Snohomish County meant to attract tourism

WEEKLY DOSE OF awesomeness

7,000 dogs are registered to go to work at Amazon’s offices, 800 come on any given day

Dog Lying on Floor


Snohomish County Statistics May 2019

May was not as hot as 2018 but with summer here we are starting to heat up a bit! I have started to see a bit more listings come on the market and price points under $450k were faster to move as buyers are starting to pick up the pace. Homes under $400,000 your chances of competing with multiple offers was much higher. It has certainly helped all price points that interest rates have leveled and even dropped a bit.

Active Inventory

We are up 1% May 2019 vs. May 2018

There were 2,426 available homes to come on the market +362 vs. April.

Pending Transactions

Down 5% May 2019 vs. May 2018

1962 units -109 vs. April

Sold Transactions

+0%!!! May 2019 vs. 2018

1660 units +223 than April

Days on Market

Snohomish County Active to pending 27 days vs. 18 a year ago. Down 8 days from last month. Homes prices over 450k seem to be taking up most of that time.

Median home price in Snohomish County 494,000 +0% last year. Down $1,000 from last month!

Area price and % based on last month (includes new construction)

Bothell-$670,500 down 8% from last month.

Edmonds/Lynnwood -4% to $525,000.

Everett/Mukilteo -3% to $452,000. Snohomish/Monroe +4% to $465,000

Lake Stevens/Granite Falls + 10% to $449,000

Marysville +6% to $410,000

King County Median home prices are $661,000 that is down 2% over last year and up $22k from last month. Woodinville area Median price is $764,000. Last year they were over 800k. Definitely a leveling in our east Snohomish/King County area.  Days on market 36 compared to 11 a year ago.


Why an Economic Slowdown Will NOT Crush Real Estate this Time

Why an Economic Slowdown Will NOT Crush Real Estate this Time

Why an Economic Slowdown Will NOT Crush Real Estate this Time | MyKCM

Last week, the National Association for Business Economics released their February 2019 Economic Policy Survey. The survey revealed that a majority of the panel believe an economic slowdown is in the near future:

“While only 10% of panelists expect a recession in 2019, 42% say a recession will happen in 2020, and 25% expect one in 2021.”

Their findings coincide with three previous surveys calling for a slowdown sometime in the next two years:

  1. The Pulsenomics Survey of Market Analysts
  2. The Wall Street Journal Survey of Economists
  3. The Duke University Survey of American CFOs

That raises the question: Will the real estate market be impacted like it was during the last recession?

A recession does not equal a housing crisis. According to the dictionary definition, a recession is:

“A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.”

During the last recession, prices fell dramatically because the housing collapse caused the recession. However, if we look at the previous four recessions, we can see that home values weren’t negatively impacted:

  • January 1980 to July 1980: Home values rose 4.5%
  • July 1981 to November 1982: Home values rose 1.9%
  • July 1990 to March 1991: Home values fell less than 1%
  • March 2001 to November 2001: Home values rose 4.8%

Most experts agree with Ralph McLaughlin, CoreLogic’s Deputy Chief Economist, who recently explained:

“There’s no reason to panic right now, even if we may be headed for a recession. We’re seeing a cooling of the housing market, but nothing that indicates a crash.”

The housing market is just “normalizing”. Inventory is starting to increase and home prices are finally stabilizing. This is a good thing for both buyers and sellers as we move forward.

Bottom Line

If there is an economic slowdown in our near future, there is no need for fear to set in. As renowned financial analyst, Morgan Housel, recently tweeted:

“An interesting thing is the widespread assumption that the next recession will be as bad as 2008. Natural to think that way, but, statistically, highly unlikely. Could be over before you realized it began.”