Under The Seattle MOON.com Residential RealEstate - Jason Moon 206.388.9969
Contact me 206.388.9969
  • Home
  • About Me
    • Testimonials
  • Neighborhoods
    • Seattle >
      • Ballard >
        • Ballard market trends
      • Belltown >
        • Belltown Market Trends
      • Burien >
        • Burien Market Trends
      • Capitol Hill >
        • CapHill Market Trends
      • Fremont >
        • Fremont Market Trends
      • Green Lake >
        • Green Lake Market Trends
      • Magnolia >
        • Magnolia Market Trends
      • Phinney Ridge >
        • Phinney Market Trends
      • Queen Anne >
        • QA Market Trends
      • Wallingford >
        • Wallingford Market Trends
      • West Seattle >
        • West Seattle Market Trends
    • Search for Homes >
      • Coldwell Banker-Bain
      • ColdWell Banker
  • Market Stats
  • Blog
  • Living Green
  • RL5 Photos

Latest home related retail sales up!

6/16/2014

 
After a tough first quarter, hit by increasing home prices and a slight jump in mortgage rates from 2013. Some of the latest reports Indicate that sales in new and existing homes rose in April.
According to the US Commerce Department, furniture and home-furnishing stores have hit the highest monthly tally in the last several years. It seems consumers are not afraid to spend money on the big ticket items and the majority of these purchases are for new homes and upgrades. 
“The strength seen in the housing-related component of the retail sales report does offer some encouraging on the tone of the housing market recovery,” said Millan Mulraine, deputy head, U.S. research and strategy, at TD Securities. “It reinforces the current narrative of a rebound in housing market recovery.”

“The combination of strength at building material stores and at furniture outlets definitely suggests that homeowners are spending money on their homes,” said Stephen Stanley, chief economist at Pierpont Securities.
Source:http://blogs.marketwatch.com/capitolreport/2014/06/12/good-sign-for-housing-furniture-and-related-sales-at-six-year-high/

Bigger, bigger and bigger

6/9/2014

 
The average home has grown by almost 1,000 square feet from the early 80's to now. Wow thats a pretty big jump. Homes in the early 80's were on average around 1,700 Square Feet, compared to todays average of about 2,600 Square feet. We certainly will have less children sharing rooms, bigger media and family rooms, and many more home offices. 
The average size of homes built last year hit 2,600 square feet, an all-time high that surpassed even the housing bubble years, when homes averaged around 2,400 square feet, according to the Census Bureau.

Meanwhile, extremely large houses -- 4,000 square feet and up -- have been making up a much larger slice of the new homes built.

Last year, these mega homes accounted for more than 9% of new homes. In 2005, they represented 6.6% of homes built.

Houses that are a little smaller but still verging on mansion territory, those between 3,000 and 4,000 square feet, made up 21.7% of new homes in 2013, up from 15.6% in 2005.

Source:http://money.cnn.com/2014/06/04/real_estate/american-home-size/index.html

Buyers or Sellers market?

6/2/2014

 
When talking to people about the current real-estate market, everyone immediately thinks oh what a great time for sellers! While this may be true, its also a great time for buyers! We are in a very competitive market but buyers are still getting low interest rates and can purchase before the prices really go up. Spring and summer are the best times to buy, buying is still cheaper than renting in many areas, and credit score requirements are not as tough as they have been. Timing is everything in so many situations and this is one of them. Buyers should be taking advantage of these conditions, waiting could cost you!
"It is a big deal to buy a house. But if you do your homework and have the right documentation ready, this could be a great time to buy a home for many reasons," says Jay Plum, executive vice president of Huntington National Bank, in Cincinnati, Ohio.

Why are rates rising? Well, one huge factor is that the feds will start raising rates about six months after they stop buying mortgage bonds, which is projected to happen sometime in 2015, says Plum.

"[Rates] probably won't start shooting up quickly. But a quarter of a point on an interest rate can mean about $100 more each month on [a homeowner's] loan. For a lot of families, that can make a big difference," he says.

Source: https://homes.yahoo.com/news/why-you-should-buy-a-home-now-183102210.html

    Author

    Jason Moon Real Estate Broker with ColdWell Banker Bain. Seattle, WA

    Archives

    November 2019
    October 2019
    July 2016
    September 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013

    Categories

    All

    RSS Feed

     Jason Moon, Licensed with Coldwell Banker Bain, 1200 Westlake Ave N, Suite 406, Seattle WA 98109
Some photos provided by RL5 
photography.