With the recent security breaches and increasingly evolving methods of fraud, it’s more important than ever to be vigilant about your personal credit and identity theft. You may remember that recently, after some larger security breaches, the three main credit bureaus, Equifax, TransUnion, and Experian, all were offer credit freezes for a fee. Well, soon, consumers will be able to freeze their accounts without a charge.
An international organization of high profile property professionals, The Counselors of Real Estate® (CRE), recently published a report detailing the most pressing trends and issues affecting real estate. The “Top Ten Issues Affecting Real Estate™ 2018-2019” highlights five short-term and five long-term national and global topics that are having a direct impact on the real estate market. In a quick summary, we wanted to share the issues they thought were most pressing.
The home values in the Seattle area are at an all time high. The median price for a single-family home in Seattle is $777,000 and $950,000 on the Eastside. The Seattle Times recently reported that "Both Seattle and the Eastside have smashed home-price records as the region's market continues to be brutal for homebuyers even before the peak spring season kicks off."
Winter in real estate is notorious for lower inventory, and often lower prices, but it may just be one of the better times of year to buy. Most real estate news during the winter is akin to lowering median prices, a slow in construction, and a dip in overall housing inventory. However, even with all of these things popping up in news headlines across the nation; Seattle's housing market continues to come out on top.
Though many people have probably heard of Bitcoin by now, there are now several types of cryptocurrency. New types you may start hearing more about include: bitcoin cash, ZCash, Monero, Ripple, and Ethereum. They essentially all function the same way; and act as digital funds that are produced in limited quantities and without involvement of a bank or governmental regulations.
When mentioning “staging” to real estate clients we’re often met with reluctance or confusion. It has become somewhat of a controversial, and often not-trusted, practice by sellers. For those unaware, staging home, to us, means setting up your home to look the most appealing to the widest set of buyers. We want people who see your home to be able to picture themselves in that home!
Foreign investment in the US real estate market is higher than ever! With such an increase in investment by foreigners comes questions and concerns that may not have otherwise been brought up in transactions with only American citizens.
Fortunately, the publication Mansion Global has compiled a list of 5 tips for foreign buyers to know:
- Foreigners can borrow in the US and buy a home
- Buyers don't pay out of pocket for a real estate agent; it comes from the sale of the house
- You may have to disclose your identity
- You will need to pay annual taxes on your property
- Some apartments require additional fees