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Posts Tagged "Mike Rosenberg"


  • Seattle Summer Real Estate Update

    June 18, 2018 /
    Pickett Street Properties Team /

    What are you up to this summer? I sincerely hope that, whatever your plans are, they involve eating good fresh food, getting out on the water, slowing down, and doing a whole lot of nothing with your favorite people. Perhaps your summer plans also involving buying a home, selling a home, or engaging in some other part of the real estate world. So, while you’re enjoying a cool beverage, here is a Seattle area real estate update. Also keep in mind that the first thing you should do is contact Pickett Street at info@pickettstreet.com or (425) 502-5397. They have the know-how and the skills to help you navigate real estate with as little stress and as much enjoyment as possible. 1. Mortgage rates increased. According to Freddie Mac, the 30-year fixed rate mortgage recently rose to 4.62%. (One year ago, this rate was 3.92%.) The 15-year fixed rate mortgage rose to 4.07%. (One year ago this rate was 3.18%.) The plus side of this is that mortgage application activity has also declined, which may mean less competition if you are looking to buy a home this summer. However, according to economist Joel Kan, “government applications increased, driven largely by increases…Read more

  • Seattle Real Estate Update for Fall 2017

    October 12, 2017 /
    Pickett Street Properties Team /

    With its misty mornings and mouthwatering apple harvests, fall in the Seattle area is in full swing. As the seasons change, let’s check in on how the Seattle real estate market is doing. The median price for Seattle home is $667,500, or $476 per square foot, which is an increase of 16% over last year. Whether you are buying or selling, or are somewhere in between, here’s the latest scoop on the local market. 1. Mortgage rates rose last week but remain low. In the beginning of October, 30-year fixed-rate mortgages rose ever so slightly, from 3.83 percent to 3.85 percent. According to Freddie Mac, the 15-year fixed-rate also rose from 3.13 percent to 3.15. Adjustable five-year mortgages rose from 3.17 percent to 3.20 percent. Despite these increases, mortgage rates remain very low, which is good news for home buyers. 2. Seattle real estate reporter talks about the bubble. Because Seattle is experiencing such a competitive, wild real estate market, the question on many people’s minds is whether or not the current situation is a bubble that will eventually burst.  Seattle real estate reporter Mike Rosenberg discussed this question and more in his recent AMA interview on Reddit. According to…Read more