Eldon's Blog

Eldon's Blog Buyer Demand Persists and Seller Equity Soars Amongst Interest Rate Volatility Buyer Demand Persists and Seller Equity Soars Amongst Interest Rate Volatility by Eldon Guerrero     As we sit almost five months into 2024 in the middle of the spring market and I reflect on how the year is going, I am grateful, amazed, and locked in on the stats. You see, the last four […]
Eldon's Blog ACCURATE UPDATE: The Proposed NAR Settlement Agreement and How WA State Stands Out You’ve probably caught wind of the buzz surrounding the NAR (National Association of Realtors) Class Action Lawsuit settlement proposal. Let’s cut through the glossy headlines together, shall we? It’s crucial to spotlight that our WA state scene might see fewer changes compared to the rest of the country if this settlement gets the green light. […]
Eldon's Blog Phill was Right! Spring Arrives Early for our Local Real Estate Market When Punxsutawney Phill climbed up to his perch at Gobblers Knob on February 2nd and did not see his shadow, an early spring was predicted. Little did we know that he would be referring to the real estate market! As we experience temps in the 30s and scattered snow showers in the first week of March, we […]
Eldon's Blog Now or Later: When Rates Drop, Expect the Market to Tilt The question that many potential buyers are asking themselves right now is: should I wait for rates to drop before I buy? Higher interest rates have certainly made monthly payments higher and challenged overall affordability, however it is important to consider creative financing options and what the impact on prices will be once rates lower. Experts […]
Eldon's Blog New Agency Law Changes: Transparency, Consumer Protection & Commitment On January 1, 2024, major changes to the Law of Agency will go into effect. These changes result from the real estate industry in the state of Washington wanting to elevate the level of transparency and consumer protection surrounding buyer representation. Senate Bill 5191 was voted into law requiring adjustments in how brokers operate when working with […]
Eldon's Blog QUARTERLY REPORTS Q3 2023 Tight inventory and buyer demand helped fuel the market in the third quarter of 2023 despite rising interest rates. There have been fewer listings in 2023 than in 2022 which has created price growth since the first of the year. Prices peaked in spring 2022, corrected in the second half of 2022, and then they […]
Eldon's Blog The Low Inventory Effect: Nationally & Close to Home The video below from Matthew Gardner, Windermere’s Chief Economist, refers to the effects of constricted inventory levels on the national housing market in a higher interest rate environment. Review the localized numbers that I gathered that pertain to King and Snohomish Counties and then check out what he has to say about the national trends. […]
Eldon's Blog Win-Win: How to Overcome Interest Rate Pressure with Creative Financing Lately we have talked about life changes leading to real estate moves. Sometimes moves are brought on by joyful advancements in life and sometimes they are motivated by hardship. Then there are times when your actual house just doesn’t fit your life anymore and it is time for something different. Whatever might be calling someone to make […]
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