2017 has come to a close and as we transition into the new year, it’s time to think about how the real estate industry will look over the next twelve months. In looking at the future, Inman released its annual “Special Report: 2018 real estate industry outlook”. Overall, predictions reveal a sunny forecast for real estate, from optimistic views of the economy and housing market to low interest rates and increasing interest in homeownership. The Industry Outlook study was completed by 653 participants including economics, developers, agents and owners.
Read moreAs Home Prices Grow, US Census Data Highlights Increasing Rents
A recent Realogics Sotheby’s International Realty (RSIR) article proclaims that in November 2017, the median home price for resale condominiums in Seattle had increased 37.3-percent year-over-year, with just 7 resale homes currently listed on Northwest Multiple Listing Service (NWMLS) priced below $700,000.
Read moreMarket Trends from Around the Sound: Q3-2017
I am proud to present a look at the housing market trends for the third quarter of 2017, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.
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