Earlier this week we talked about the most recent signs that the Seattle housing market is heating up again - just in time for the Spring season. Looks the trend continues with the latest report from the NWMLS.
Seattle housing has been in cool-down mode for more than 8 months. Sellers have had to lower prices, inventory has increased, and buyers have been getting better deals. But now, new reporting shows a 15% year over year uptick in January's pending sales. That refers to the number of homes that went under contract that month.
“This is a crucial time for buyers who’ve been waiting for the right moment,” says Faira CEO Kamal Jain, “because we’re in this short window before the spring season. Taking this new data into consideration, there may not be much more opportunity to get a home under contract for less than listing, like there was in the back half of 2018.”
The bottom line for buyers, says Jain: “Jump in now, or risk getting priced out once the spring season gets into full swing.”
For sellers? Don't expect to get out without negotiations, says Jain, "but the opportunity for profitability, especially with our platform, is absolutely there, and just getting stronger."
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If you've been de-cluttering and finding things that spark joy, that means you've probably found a few things at the bottom of a cardboard box that don't spark joy. Perhaps you even found a few relics of the past?
Well, we have too, and it got us thinking: What are some things we used to use all the time that technology has rendered... pretty much useless.
Real estate’s big tech disruptors are poised for a big 2019. Top venture capitalists recently told Forbes that they expect continued investment in PropTech in the next 12 months, “with more deals done and more capital deployed.”
Zillow has released its list of hot housing markets for the next 12 months. And if this list had a theme song, it would be California Love. San Jose is Zillow's #1 hottest housing market for 2019, San Francisco is #6, with San Diego coming it at #10.
Everyone has a resolution or two for the new year, and for many of us, one of the things we want to do better is save money. With just a few behavior changes, some big, some small, you could save thousands this year if you really put your mind (and your money) to it. Of course, we're going to sneak in a nod to Faira's platform as one of the ways you can save - but now that you know that, here are Faira's top 10 ways to save money in the new year.
“Location, Location, Location.” You’ve probably heard this phrase more than once about real estate. Conventional wisdom says that location is the most important factor in selling a home—but is it really? The location of your home can’t be changed, so if your property isn’t located in a hot neighborhood, what can you do?
That’s when you move to the next most important factor—the beginning list price.