In 2023, real estate experts predict that the increased demand, combined with Seattle's continued desirability as a place to live, will push the regional market rapidly into supply-and-demand imbalance with more and more renters looking for housing. To alleviate this challenge, policymakers must take proactive steps to ensure that the city's existing stock of affordable housing is supported and replenished. Without decisive action to address existing housing shortages, there is risk of stunting economic prosperity as well as damaging socioeconomic equity in the region.

Like many Americans, Seattleites are moving for a variety of different reasons. The current health crisis has truly re-shaped our lifestyles and our needs. Spending extra time where we currently live is enabling many families to re-evaluate what homeownership means and what they find most important in a home. According to Zillow…

Whether you're thinking of buying or selling a home this year, there are perks today that are rarely available, and definitely worth looking into. Here are the top two.

Last Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report. It revealed that the economic shutdown made necessary by COVID-19 caused the unemployment rate to jump to 14.7%.

When looking at GDP (the measure of our country’s economic health), a survey of three leading financial institutions shows a projected sharp decline followed by a steep rebound in the second half of this year:

Here's how Danny Varona is helping buyers and sellers in Seattle stay safe without completely putting off their home buying/selling journey.

At the start of last year, many of the more expensive homes listed for sale hadn’t seen as much interest, since much of the demand for housing over the past few years has come from first-time buyers looking for starter homes. It looks like buyer activity, however, is starting to show a shift in this segment.

Many believe when real estate values are increasing (in cities like Seattle), owning a home becomes less affordable. That misconception is not necessarily true.

Americans are on the move, and the most recent Atlas Van Lines Migration Patterns Survey tracked the 2019 traffic flow from state-to-state. Idaho held on to the top spot of ‘high inbound’ states for the second time since 2017, followed by Washington State.

The success of the Seattle real estate market, like the overall US housing market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available to buy. With early 2020 housing data now rolling in, it’s quite evident there are two big stories impacting this year’s residential real estate market

Regardless of the lack of inventory on the in the US and local Seattle market, the U.S. homeownership rate has climbed to a 6-year high. The United States Census Bureau reported that it increased to 65.1% in the fourth quarter of 2019, representing the highest level in the past six years.

Even though there’s a big buyer demand for homes in today’s low inventory market in Seattle, it doesn’t mean you should price your home as high as the sky when you’re ready to sell. Here’s why making sure you price it right is key to driving the best price for the sale.

There’s more room to entertain a large crowd.

The kitchen is big enough to whip up endless appetizers – yum!

You don’t have to worry about complaints to your landlord when the cheering kicks in!

We’re currently in the longest economic recovery in U.S. history. That has caused some to ask experts to project when the next economic slowdown (recession) could occur. Two years ago, 67% of the economists surveyed by the Wall Street Journal (WSJ) for the Economic Forecasting Survey predicted we would have a recession no later than the end of this year (2020).

If you’re following what’s happening in the current housing market in Seattle, you’ve seen how the lack of newly constructed homes is a major reason there’s a shortage of housing inventory available to today’s buyers.