Category: Real Estate (25)

In recent years, co-working has emerged as a sought-after alternative to the structure of the traditional office, and as Forbes reports, the trend it now making its way into co-living concepts around the country. The idea is that residents live far beyond the four walls of their home, in a community atmosphere with “an emphasis on amenities and community.” The option is particularly popular among millennials, for its “affordability, flexibility and ease of use.”

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The New Year brings new beginnings, and with President Trump expected to sign the new tax reform bill any day, it may pay off to prepare for 2018 by making a few tax moves today. As a recent Seattle Times article outlines, there are a few simple moves you can make now, that will help your tax future. Many of the sweeping changes to the individual tax code will “kick in on Jan. 1, and there are steps you could take in the coming days to maximize new advantages and minimize the potential hit from other changes.”

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Though autumn has brought cooler temperatures to the Pacific Northwest, Elle Décor made a hot announcement this week, as they shared the Benjamin Moore 2018 Color of the Year! A drastic shift from the dark and alluring deep purple of 2017’s “Shadow,” 2018’s color is a spicy, eye-popping shade of red called “Caliente AF-290.”

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The Seattle market has continued to thrive and drive up home prices in and around the Puget Sound making it harder for some buyers to purchase a home. A new startup wants to help you buy a house in Seattle, but there is a small catch.

Loftium is a new company that seeks to help eager home buyers purchase 50 homes in the Seattle area by helping with the down payment. For those who do not have enough money saved for a down payment, Loftium can help buyers in the competitive market.

The catch – home buyers who opt to use Loftium must sign a contract renting a room on Airbnb for a specified time and turn over the majority of the income from Airbnb to pay back the company. Contracts can range from one year up to three years. For more information on Loftium, read the full article HERE.

 

A recent article in Multi-Housing News reveals Seattle has been deemed the best residential market in the US. The website ranked large cities based on their potential for “long-term growth, equity and profit for investors.”

A total of 300 cities, with a population of 300,000 or more, were assessed on the health and affordability of the real estate market as well as the economic environment. The cities were ranked one additional metrics “included home-price appreciation, average number of days till a house is sold, share of underwater houses, foreclosure rate and the city’s ratio of rent price to sale price. Broader economic metrics included population growth, job growth, unemployment and underemployment rates, and median credit scores” and given a score out of 100 points.

Additionally, smaller cities of 150,000 people or less were also assessed. Coming in as one of the top 10 best cities for the residential market was Bellevue, WA. While both cities ranked high in the residential market, MHN points out “a top ranking doesn’t mean a place is especially inexpensive.”

These results should come as no surprise to Washingtonians have seen the Seattle economy boom over the past few years thanks to tech giants like Microsoft and Amazon. Additional statistics from The Seattle Times reveal the high demand for housing in Settle. According to the article, “Seattle-area prices rose 2.6 percent — also by far the fastest growth in the country and more than three times the national average.” If you are ready to find your home in Seattle, Bellevue, or surrounding areas, contact us today!