March 2018 RE/MAX National Housing Report

Inventory Limits February Home Sales While Pushing Up Prices

One word sums up February home sales across the country – inventory. The lack of homes for sale continues to be the key factor as February marks the third consecutive month of year-over-year declines in home sales, coupled with quick sales and record prices.

According to the March RE/MAX National Housing Report, home sales dropped 0.2% from February 2017, while the Days on Market average of 62 days was the lowest of any February in the report’s nine-year history.

The Months Supply of Inventory was 3.1 – also a RE/MAX National Housing Report February record – and underscored an average decline in inventory of 13.7% among the 52 markets reporting.

Out of 52 markets, 18 metro areas saw double-digit percentage increases in median sales price year-over-year. While only two metros saw a year-over-year decrease in median sales price – Albuquerque, NM, and Burlington, VT.

Read the full article in RE/MAX’s newsroom

Watch the 40 second summary video on YouTube


Washington State NWMLS Market Snapshot for February 2018

6843 S Yakima Ave, Tacoma, WA 98408


1 bedroom; 750 square feet

So many possibilities! This conveniently located and bright home features lots of newer wood wrapped windows and blinds, fresh paint and new doors. You’ll stay cozy in the large living and dining rooms with the wood stove and laminate floors, and also enjoy the space that the extra large utility room offers. The lot is fully fenced with multiple gates and there’s plenty of gated parking in front of the garage. You’ll appreciate the shed and easy to maintain siding. Don’t miss this opportunity!


Virtual Tour

6 Ways Home Buyers Mess Up Getting a Mortgage

Getting a mortgage is, by general consensus, the most treacherous part of buying a home. In a recent survey, 42% of home buyers said they found the mortgage experience “stressful,” and 32% found it “complicated.” Even lenders agree that it’s often a struggle.

“A lot can go wrong,” says Staci Titsworth, regional manager at PNC Mortgage in Pittsburgh.

If you’re out to buy a home, you have to be vigilant. To clue you into the pitfalls, here are six of the most common ways people mess up getting a mortgage.

The 9 Hottest Interior Design and Decor Trends You’ll See in 2018

When it comes to home design and decor, we’ll be the first to tell you to stick with what you love, no matter what the pros say. But if you can’t escape that sinking feeling each time you walk through your front door that your decor is looking a little tired, well, don’t despair. We’ve got you covered! From splashy color palettes to bright yellow sofas and mixed metal everything, our stable of designers and tastemakers have given us the ultimate insiders’ scoop on what’ll be hot in 2018.

Read the article…

Online Resources for Caring for Your Home

The internet offers so many resources, it’s hard to know where to begin: endless images for inspiration and even step-by-step how-to videos to walk you through projects. Here are our favorite places to get started.

For cleaning advice:

The experts here have been helping people clean up their acts in one form or another since 1885, so you can be sure they know their stuff. The site features everything from recipes for DIY household cleaners to answers to age-old questions like: Does microwaving your kitchen sponge kill the germs on it?

While this site’s main focus is matching homeowners with professional service providers, it offers a handy library of articles about cleaning, including not-so-stainless stainless steel appliances and hard-to-reach windows.

For decorating advice:

With a highly searchable index of over 11 million photos of professionally designed homes, this site provides inspiration and nuts-and-bolts practical design advice. Want to know how a dark-colored hardwood floor will look with stainless steel appliances? Search and browse tons of examples.

Whether you live in a house or a high rise, you’ll find nifty décor tips and inspiration to make your home more beautiful and livable. If you’re having trouble envisioning how things will look in your space, choose from a variety of free virtual room-planning apps to help you design room layouts, choose appropriate furniture sizes and even see what different paint shades will look like on your walls.

For landscaping advice:

A resource from Garden Design magazine, this site offers instruction on landscape design principles in addition to inspirational pics and solutions, so you can begin developing an understanding of outdoor aesthetics before you start buying and digging.

For maintenance advice:

Here you’ll find a massive wealth of information about how to fix, renovate and maintain nearly everything home-related along with tons of videos (of course) that show you how it’s done.

The Family Handyman experts have been helping homeowners DIY since before the Property Brothers were born. Their website offers practical advice and step-by-step instructions and videos to help you do everything from fix a running toilet to install a dimmer switch.

February 2018 RE/MAX National Housing Report

Speed of January Sales Felt More Like Spring Selling Season

The record speed of January home sales may signal that buyers aren’t waiting around for the typical spring selling season to begin. Despite home sales being down 2.8% year-over-year, the February RE/MAX National Housing Report shows homes sold in a mere 60 days last month, marking the fewest Days on Market of any January in the nine-year history of the report.

Days on Market typically decline each month leading into the heart of the spring and summer buying season in July and start increasing monthly as fall progresses into winter.

The Median Sales Price of $224,000 also set a January record — up 6.7% year-over-year. Out of 53 markets, 51 posted gains, marking January as the 22nd consecutive month of year-over-year price increases dating back to April 2016.

Read the full article in RE/MAX’s newsroom

Watch the 40 second summary video on YouTube