Category: (3)

A new report on realtor.com was just released with a lot of hard data on what home styles, sizes, locations, floor plan options, and more affects your home’s appreciation. To gather this information, Realtor looked at millions of listings from 2011 to 2016 and compared features against each other. And, to preface, they also start by stating, “If the economy is strong, a home’s value generally increases 3% to 4% every year, driven by inflation and natural population growth.” Even better, they report that, “From 2011 to 2016, the national housing market was recovering from the bubble at a slightly higher speed: 6.3% a year, on average.”

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It’s no secret that over the past several years Seattle has been a haven for relocating families, foreign investors, and transferring tech workers. That’s why it also came as no surprise to us that home values have been steadily increasing; and that the Seattle real estate market continues to be ranked one of the hottest in the nation. A recent article in the Seattle Times stated that 40% of all homes for sale in Seattle were listed at $1 million (in March). That’s months before the home-buying season even truly begins!

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