BREXIT. How Forces Influence Housing.

In case you missed it… recently the UK voted to Brexit from the EU.

BACK-UP.

This month’s read is less about the British withdrawal from the European Union and more about how world markets may or may not influence our local housing here at home in ‘Murica. Continue reading

And The Award Goes To… Miss Information. By Jen Hudson

Whoops, typo.  I mean misinformation.

There are a number of headlines out there that make it seem like rents are out of control.  Funny thing, it’s not like it sounds.  Let’s dig further into this whole rent thing.

Continue reading

When the Walls are Closing In (based on a true story). By Jen Hudson.

You know when you run across those feel good moments and you realize why you’re really doing something? Recently, I had one of those moments again, and it made my day.

A couple months ago, I had a client call me.  To protect the innocent, let’s call him Joe.  The walls were closing in on him, and he had just gotten Continue reading

Where is the Market? Hiding in Plain Sight. By Jen Hudson

This week I was down in Seattle looking at property for investors.  I know we’ve all seen them: the cranes.  The cranes downtown seem to keep working on more and more apartments, condos, and mixed use developments.  Those cranes have been around so long, you may not even notice them anymore.

It looks like there is an endless supply of apartment units coming soon. Apartment construction in top markets across the country has surpassed a 24-year historical average.

With all these apartments, you might not notice that Continue reading

Tired of Treading Water? (Based on a True Story.) By Jen Hudson

Let me tell you a story.  Continue reading

Q3 Economy: Seattle

Report by ReisReports.

Among the accomplishments of the Seattle area economy over the last couple of decades was a diversification that lessened its dependence on cycles in aerospace manufacturing and related employment trends. A huge and nationally prominent high-technology sector led initially by Microsoft (and more recently augmented by Google and Amazon.com) emerged along with a large health care sector. These, along with trade activity at regional ports provided cushions against the cycles common to local manufacturing. … Continue reading

Re/Max sets IPO price at bullish $22 per share

Real estate heavyweight Re/Max Holdings Inc. set its initial public offering at $22 per share — above a previously announced expected range of $19 to $21 — indicating that the franchisor expects investors will demonstrate their optimism for the U.S. housing recovery when shares begin trading tomorrow on the New York Stock Exchange.

After expenses, Re/Max, which will trade under the ticker “RMAX,” expects to raise at least a net of $195.8 million, which it will use to buy out a large shareholder and reacquire two franchise regions in the U.S.

The 40-year-old company founded by David and Gail Liniger in Denver in 1973 now boasts 90,000 agents in 6,300 offices in more than 90 countries affiliated with the brand. Continue reading