Island Living Blog
Extraordinary times and Extraordinary movement
“The country is undergoing extraordinary times and extraordinary movement is happening in the jobs data. The near 5 million job additions in a single month in June is off-the-chart the best ever by a wide margin, and comes on top of 2.7 milli...
Pending Home Sales
NAR released a summary of pending home sales data showing that June’s pending home sales pace increased 16.6% last month and rose 6.3% from a year ago. This would be the second consecutive month of gains as well as the first year over year in...
Mortgage Rates Are at Nearly 50-Year Lows. How Much More Could They Fall?
One of the few bright spots in the coronavirus/stock market panic is that mortgage interest rates have fallen to their sasun1990/iStock One of the few bright spots in the coronavirus/stock market panic is that mortgage interest rates have fall...
Home Selling in the Age of Coronavirus: It’s a Whole Different World
In the not so distant past, Seattle open houses were packed with home buyers eagerly poking their heads in closets, perusing spec sheets, munching on snacks, and offering bids above asking price in this ultracompetitive market. Then on Jan. ...
How To Coronavirus-Proof Your Home—and Your Life
fHere are several things you can do to protect your home and your family from the virus—and to be ready if it crops up in your community. Curbing your exposure to the coronavirus starts with limiting your exposure to people who might be ca...
Housing momentum sets up positive performance
In 2019, home sales increased 1.5% year-over-year on average in the top 10 markets combined. While modest, this defied the broader sales declines observed everywhere else in 2019. Additionally, home prices increased 6.5% year-over-year on avera...
Could January be the New April for Home Shopping?
People have begun their home search earlier each year since 2015 January 2019 fell just one percent behind February for highest number of views per listing In one out of five markets January saw the highest number of listing views in 2019 Al...
“The job market is quite remarkable as more job creations and wage gains are adding to the pent-up demand for housing.
NAR Chief Economist Lawrence Yun commented on hiring and unemployment figures, released this morning by the Labor Department. A total of 196,000 jobs were added last month, exceeding the goal of 170,000 jobs set by many economists. This marked ...