Category: Norris NW Homes (13)

VIP Guests, Brokers and Musicians “Playing Music in the Sun”; Tour Rock Legend’s Estate

On July 6th, scores of guests attended a first-of-its-kind rendezvous at the home of Rock & Roll Hall of Fame Steve Miller, of the Steve Miller Band. Mary Norris, a Senior Global Real Estate Advisor with Realogics Sotheby’s International Realty (RSIR) hatched the plan to showcase this unique compound on its namesake in Friday Harbor on San Juan Island, which invited local and Seattle-area brokers as well as VIP guests.

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Marc Stiles reported in a recent Puget Sound Business Journal  feature that “More than a fifth of renters in Seattle could afford to buy houses,” a fact that is contributing to the seemingly ever-rising cost to rent in Seattle.

Seattle’s rent is currently growing faster than any other city in the U.S., this according to the Seattle Times as June 2015 vs. June 2016 rent comparisons revealed a staggering 9.7% increase. What’s more, “rents are soaring so fast that June’s 1.1 percent monthly price gain in the Seattle area beat out the growth that Chicago and Washington, D.C., have seen in an entire year.

As Stiles says, “there are various reasons why apartment rents are soaring in the Puget Sound region, and an overlooked one is that Seattle has a relatively high number of renters who could buy but are not necessarily looking to do so.” This statistic, as the article outlines, puts “Seattle fifth on a new Zillow list of markets with the highest share of renters who are qualified to buy.” And when these potential buyers choose to rent, it “increases competition for apartments,” which drives rents up, “hurting lower-income households the most.”

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Spring Home Checklist

When you own your own home, spring often signals a time when we clean out our living spaces to prepare for warmer weather. Here is a list of items to look at in your home in order to be 100% ready for the changing season.

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