According to recent Zillow data, the rental market for apartments and condos is exhibiting a mix of significant rent increases in some cities while others face notable declines. The data reveals diverse trends, reflecting the varying dynamics of demand and supply across different locations. For property owners and potential renters, understanding these dynamics is crucial [...] The post Seattle Market Report for Apartments and Condos June 2024 appeared first on WPI Real Estate ..read more

According to Zillow, the rental market is experiencing significant fluctuations across various cities, with some areas witnessing substantial rent increases while others see declines compared to the same time last year. Everett leads with a notable 12.28% rise, followed by Mercer Island at 9.00% and Bellevue at 8.70%. These increases indicate a strong demand [...] The post Seattle Market Report for Houses June 2024 appeared first on WPI Real Estate ..read more

In life, patience is a virtue, but in homebuying, waiting too long for the perfect home isn't wise. The pursuit of perfection can delay your dream of homeownership. As Bankrate explains: “One of the most common first-time homebuyer mistakes is looking for a home that checks each of your boxes. Looking for perfection can [...] The post The Price of Perfection: Don’t Wait for the Perfect Home appeared first on WPI Real Estate ..read more

TikTok broadens its footprint in downtown Bellevue's Lincoln Square North tower by leasing approximately 150,000 square feet of office space, formerly occupied by Microsoft Corp. (Nasdaq: MSFT). This space, listed as available by the Broderick Group until recently, has now been leased. The commercial brokerage firm confirmed that floors nine and 11 through 16 were [...] The post TikTok Expands in Bellevue, Leases 150,000 Square Feet of Former Microsoft Office Space appeared first on WPI Real Estate ..read more

If you've come across recent headlines about home sellers reducing prices, it's a prime example of how news can create more fear than understanding. Here's the real situation with home prices. The bottom line is that home prices are higher than they were a year ago, and they are expected to continue rising, just at a [...] The post Seattle Home Prices Aren’t Declining, But Headlines Might Make You Think They Are appeared first on WPI Real Estate ..read more

According to Zillow, rents in the Seattle metropolitan area have risen for several months, with year-over-year rent growth resuming. Seattle tops the list with a significant year-over-year rental growth of 19.79%, reflecting ongoing strong demand within the city. Following closely, Mercer Island has experienced 14.25% year-over-year rental growth, making it one of the most competitive [...] The post Seattle Rental Market Report for Apartments and Condos May 2024 appeared first on WPI Real Estate ..read more

According to Zillow, Seattle's rental market is growing, outpacing last year's rates despite a national market cooldown. Zillow data reveals Seattle's rent increased by 0.41% compared to the same period last year. Newcastle, a popular destination for renters from Seattle and Bellevue, experienced the highest year-over-year rent increase at 36.36%. Other cities, including Issaquah, [...] The post Seattle Rental Market Report for Houses May 2024 appeared first on WPI Real Estate ..read more

If homeownership is a future goal, prioritizing your savings is essential. Make sure you have a solid plan for closing costs, down payment, and other related expenses. Here are a few strategies to help speed up the homeownership process Budget and Track Your Expenses: To begin, create a detailed budget that tracks your income and expenses. [...] The post Savings Strategies Every First-Time Homebuyer Needs To Know appeared first on WPI Real Estate ..read more

Buyers face challenges in any market, and today’s is no different. Higher mortgage rates, rising prices, and a limited supply of homes for sale add complexity to the homebuying process. However, one way to avoid pitfalls is by leaning on a real estate agent for expert advice. An agent's insights can help you avoid common mistakes [...] The post The Biggest Mistakes Seattle Buyers Are Making Today appeared first on WPI Real Estate ..read more

According to Zillow, Shoreline is the fastest-growing area in the region, with rent increases exceeding 24% compared to the same time last year. This significant growth is driven by transit development near upcoming light rail stations. The first completed projects in this development phase are already affecting vacancy rates and rent growth. The new light [...] The post Seattle Rental Market Report for Houses April 2024 appeared first on WPI Real Estate ..read more