Spring 2018 home-buying season to be marked by low inventory

Home buying activity tends to pick up in the spring, as more and more buyers shake off the winter chills and prepare to enter the real estate market. This year, the spring home-buying “season” will be marked by low inventory across much of the country. And that will keep things competitive for home buyers seeking…

Home prices continue to soar; Snohomish County at record highs

Seattle kicked off 2018 the same way it spent the prior year and a half, as the hottest real-estate market in the country, with no slowing down, our online news partner The Seattle Times reported Tuesday. The cost of the typical single-family house across the Seattle metro area grew 12.9 percent in January from a…

The benefits of staging when selling a home

Seller’s market conditions persist in cities across the country, as inventory continues to fall short of demand. Under these kinds of conditions, sellers typically enjoy competing offers from buyers. But that doesn’t mean sellers should skimp on the home staging. By staging your house for buyers, you can increase the chance for a quick sale…

Sponsor spotlight: Garden bench from Superior Stone Manufacturing

Here’s a product for spring, from Lynnwood-based Superior Stone Manufacturing, now featured on our Home and Real Estate page. This garden bench is 46 inches x 16 inches x 16 inches tall, with a marbled top and a stone edge. Says the company: “The legs are large and beefy. It looks like real stone. This…

Looking to buy a home? How to prepare for a competitive real estate market

Home buyers who are planning to enter the real estate market can benefit from having their financing arranged ahead of time. What does that mean exactly, and why is it so important in the current real estate market? Here’s what you need to know. Many real estate markets across the country are highly competitive right…

Industry survey: Mortgage rates keep climbing

Should I buy a home now, or wait until later in the year? Will I pay more if I postpone my purchase? These are perennial questions from home buyers nationwide. And a recent upsurge in mortgage rates has some buyers rushing to close on their loans, out of concern that rates could keep rising in…

Single-family home prices continue to rise, with Snohomish County at record high

New monthly home-sales data released this week showed Seattle’s median single-family-home price hit $777,000 in February, $20,000 more than the previous all-time high set just a month prior. On the Eastside, the median cost of a house was $950,000, or $12,000 more than the peak price from two months ago. That’s according to our online…

Sponsor spotlight: Superior Stone Manufacturing

We welcome our new sponsor, Lynnwood-based Superior Stone Manufacturing, now featured on our Home and Real Estate page. Superior Stone uses more cement and less fillers than its competitors, making it harder and less porous. Every stone and landscape item is handmade. Says the company: “These are truly works of art. We love being a…

New report: Seattle area hottest housing market in country for 2017

Seattle finished 2017 as the hottest housing market in the country for the entire year, and isn’t showing any signs of slowing down, our online news partner The Seattle Times reported Tuesday, Feb. 27. And even cheaper towns in Washington, from Wenatchee to Bellingham to Spokane, aren’t far behind on the list of regions with…

Explaining the different types of home inspections

Home inspections are a common source of confusion for first-time home buyers, because there are several different types of inspections that can take place. Here is an overview of the most common types of inspections you could encounter during the buying process. Primary Home Inspection When you hear people talk about a “home inspection,” they…

Pricing is key when selling a home

Do you plan to sell a home in 2018? If so, it’s time to start thinking about your asking price. Better yet, you could work with an experienced real estate agent to determine your list price. It’s one of our specialties. In this article, we’ll look at the reasons why it’s so important to price…

Mortgage rates hit highest level since December 2016

Are you thinking about buying a home in 2018? Are you on the fence about entering the real estate market? If so, you might want to consider buying sooner rather than later. Mortgage rates just rose again, and economists from Freddie Mac and other groups are predicting that they could rise gradually throughout 2018. During…

Harbor Buffet moving into former Old Country Buffet space on 44th Avenue West

Harbor Buffet is moving into the former Old Country Buffet space on 44th Avenue West near 200th Street Southwest. A sign is already posted over the door. Work is still underway in the building. According to Lynnwood community development director Paul Krauss, an opening date has not yet been announced for the new restaurant, but…

Former Safeway to be divided, Trader Joe’s to take one space

Construction work is now underway at the former Safeway location on the east side of Highway 99 at 196th Street Southwest. The work involves dividing and renovating the space, according to Lynnwood community development director Paul Krauss. “The only tenant we officially know about as of now is a relocated and enlarged Trader Joe’s,” he…

Rents dip across Seattle area, including Lynnwood, in last quarter of 2017

Rents are dropping across the Seattle area for the first time this decade — including rents in Lynnwood. That’s according to a story from our online news partner The Seattle Times. The average rent across King and Snohomish counties dipped 2.9 percent in December compared with the prior quarter, according to a new quarterly landlord…

‘Exceptionally low’ inventory slows year-end home sales, spurs price hikes across region

For real estate brokers, the year 2017 was marked by historic lows for inventory and year-over-year price gains in most areas. That’s according to a report just released by the Northwest Multiple Listing Service, a not-for-profit, member-owned organization of over 28,000 real estate professionals in the Pacific Northwest. For the MLS area overall, inventory shrunk…

San Diego-based real estate company purchases apartment complex in unincorporated Lynnwood

A San Diego-based private real estate company has acquired an apartment complex in unincorporated Lynnwood. MG Properties Group announced the acquisition of Newberry Square Apartments on Tuesday. The complex was purchased along with a second complex in Woodinville for approximately $132.8 million. Newberry Square was built in 2005 and contains 123 units. MG Properties Group…

Beauty of Stone: Elegant, rarely-seen soapstone

I’ve been doing stone setting and designing now for over 32 years. One of my favorite stones to use in my stone masterpiece is soapstone. I call it the “Rich Man’s Stone.” It is quite elegant — it reminds me of money. It’s not that it is too expensive. It is more rarely seen, beautiful…