The Home Connection February 1, 2018

The Home Connection – February 2018

The Home Connection - Feb 2018The Home Connection - Feb 2018 p2


Robyn's BlogThe Home Connection October 1, 2017

The Home Connection – October 2017

The Home Connection October 2017

Robyn's Blog September 6, 2017

Are We in a Housing Bubble?

As home prices in King County have reached record highs, some people are wondering whether we are approaching another housing bubble.

While it’s true that home prices here have surpassed the last peak hit during the housing bubble, that doesn’t mean we are in bubble territory today. The last bubble was fueled by faulty mortgage practices. Today, loans are granted on much more sound principles.

More importantly, the local economy is flourishing. Seattle has the fastest growing population of any major city in the country. The demand for homes, and historically low inventory, have been the catalyst for rising home prices here.

Still not convinced that there is no bubble? Let’s take a look at the statistics.

King County Median Sales Price

According to data from the Northwest Multiple Listing Service, the median home price in King County rose steadily since 1993 (the first year the NWMLS reported median home figures), fell during the crash, and has risen since 2012.

Now, let’s assume there was no housing bubble and crash in the mid-2000s and that home prices appreciated at normal historic levels for King County, which has been an average annual rate of 6 percent for many decades. This graph compares actual home prices (blue bars) with what prices would have been with normal appreciation (orange bars) over the same period.

King County Median Sales Price

Bottom Line: Had there not been a boom and bust, based on historic appreciation rates home values would be close to where they are right now. However, there is no doubt that home prices have risen rapidly the past few years, and that rate of appreciation can’t be sustained over the long term. If you are considering buying a home today, make sure you can afford the payments, and choose a location that will appeal to you for years to come.

This post was originally seen on the Windermere Eastside blog.
Robyn's BlogThe Home Connection August 1, 2017

The Home Connection – Aug 2017

The Home Connection Auguest 2017

Tips Tricks & Checklists June 20, 2017

Home Maintenance Checklist – Summer Tips

Summertime is the perfect season to start tackling some home maintenance. For the hot summer months, this quick checklist offers tips and advice to keep you home’s systems in good working order throughout the year.

Summer Home Maintenance Tips

Robyn's BlogThe Home Connection June 1, 2017

The Home Connection – June 2017

Robyn's BlogThe Home Connection May 1, 2017

The Home Connection – May 2017

Robyn's BlogTips Tricks & Checklists March 19, 2017

Home Maintenance Checklist – Spring Tips

The warmer months are on their way so here’s a home maintenance checklist to get your home’s systems in good working order.

The Home Connection March 1, 2017

The Home Connection – March, 2017

Robyn's BlogThe Home Connection February 1, 2017

The Home Connection – February 2017