Joe was our broker. Construction; LEED; CRE Brokerages; CRE Developers; Retail Development; Related Topics . We also got a lower rate and it closed early! He just wanted to check in, give us an update on our mortgage, and ask if we had any questions for him. He is an amazing and funny guy and I highlyyyy recommend him to anyone buying their first home, dream home, or any home in that case. Get Directions (206) 650-0431. ULI Northwest’s annual Emerging Trends in Real Estate event is set to kick off this week. Runs all the number with you until everything is clear. Thanks for the help! However, for those who plan to stay in their homes long term, low rates make this the best opportunity to refinance, and perhaps recapture some of the equity they have gained. Seattle Real Estate News January 2020 “Unusually brisk activity” reported in the luxury market as the year wound down. Submit. The charts show the vast difference between the price per home and the number of homes available. He is on top of his game and makes me feel like his #1 priority. Those dynamics can be great for buying rental properties as investments. It’s no secret that it isn’t cheap to rent in Seattle. 141 total homes available. He makes the process easy. The worst annual change in home values in the Seattle Market was -11% in the twelve months ended with the 3rd Quarter of 2009. Seattle’s Mortgage Broker – Joe Tafolla 1 in every 2761 98112. I really liked how fast he ran through the process and would definitely recommend him for mortgage needs. Any major negative movements in the stock market could propel this. Would love to do business with again. ​However, for those who plan to stay in their homes long term, low rates make this the best opportunity to refinance, and perhaps recapture some of the equity they have gained. What I like about Joe the most is that he kept the paperwork very light for us, making the refinance look like applying for a new credit card. I could not be happier with my refinance process. Win/win.3) He’s actually a mortgage broker, not some guy claiming to be one but working for the bank and pawning their higher rate mortgage onto you- It frustrates me how many people claim to be mortgage brokers- eg: an independent person that works with a bunch of lenders and provide you with the best loan choice, keeping your interests in mind.Majority of these so-called mortgage brokers actually work directly for a lender (eg: similar to being on payroll by the lender). Super easy to work with and explained everything in full detail. The highest annual change in the value of houses in the Seattle Real Estate market was 33% in the twelve months ended with the 2nd Quarter of 1978. Emerging Trends in Real Estate® 2021 highlights the evolving trends shaping the real estate industry. Seattle, WA Real Estate Trends. He is helping my mother with great care to time and... Joe was super helpful through several offer attempts and took the time to explain everything in detail. Seattle Real Estate Market Trends and Statistics. Thanks for everything Joe, look forward to working together again soon. See homes for sale. He was in constant communication with all parties and explained everything clearly. Joe is extremely responsive and accessible via phone or e-mail. He flawlessly guided my clients through the loan process and when they bought a high end home, he had their jumbo loan ready to close in less than 3 weeks! . Founder and chief editor of, ex Tag: Seattle Real Estate Trends. That alone is thousands of dollars in savings per year on any home purchase.5) He has a “whatever it takes to get it done” attitude- Now, I’m not talking about only working late, which I’m sure a handful of the good ones do. How does all of this compare to last year? A Division of Seattle Mortgage Brokers LLC Within a span of a few days, people have…, MLM or Multi Level Marketing companies are also referred to as Pyramid Marketing, Referral Marketing or network marketing. The data tells its own story. Do NOT follow this link or you will be banned from the site. Many may put off making moves as they wait tosee who wins the election and what they really begin tackling. Based upon our review of the current statistics for Seattle we are trending towards a seller’s market. When Is The Best Time To Sell A House? See 50+ Seattle Zip Code Market Trends! They may have other products they could “technically” sell, but in reality, they never do because they essentially work for the lender. Highly recommended. Review demographics, economic trends & news about CRE in Seattle. On average, residents can expect buying a home is still cheaper than renting if they live in the same place for at least two years. The median price of homes listed as of November 2019 was just $687,500. He is on top of it all the time and gets back to you immediately. I normally don't write reviews about people or services unless they are really bad (to warn people about them) or if they are absolutely amazing- let's face... Joe was great to work with. While both may have been going through a soft correction recently, real state still offers the tax benefits, yields, cash flow, and security investors need. What real estate trends are developing now? On November 26, 2020 By Balmoon. Sale-to-List Price. The Best Real Estate Moves To Make In 2020 Seattle home owners have already seen their property values peak for this market cycle. He will always find the best interest rate and even after closing if you have questions/problems he is right on it!I appreciate all Joe has done for me to make sure my loan goes through! FASTEST & MOST PROFESSIONALI've had the pleasure of working with Joe for almost two years and can easily say that he is one of the most professional and punctual loan officers I work with. If you are someone who follows Seattle Real Estate trends and fluctuations, you know that 2018 brought quite a bit of uncertainty for what’s to come in the 2019 Seattle Real Estate market. This decline from a really high level of 74.4% compared to the rest of major cities in the US housing market to 54.0% year-on-year marks a … 6 Seattle Real Estate Market Trends for 2020. 97 total homes available. These stats cover the greater Seattle metro, but individual cities and neighborhoods may be significantly different. That was the smartest decision we could have made. Definitely recommend. He got me the house at a time when I thought it wasn't possible anymore. Our Seattle real estate market analysis reveals that the Airbnb occupancy rate dropped by 20.4 percentage points between March 2019 and March 2020. He ended up getting us approved for a mortgage that allowed us to purchase our dream home.Joe was detail-oriented with his communication with us, and always on top of things. Columbia City, Mount Baker & Seward Park. I would then proceed to put all his numbers into my own excel model to calculate which scenario is the best. 4:48. I dare you to drill him because he knows his stuff.2) His rates are competitive- If you think you are going to pay a premium because you are working with a mortgage broker, think again. See homes for sale. Watching him work is like an episode of the Twilight Zone, the guy is a machine. He was always available for questions, is very knowledgeable, and got me a good rate. He does all of the heavy lifting for you, the rate comparisons, looking at credit unions, banks and lenders and presents you with the best options all while coaching you through the process. If a seller needs the money asap, then buyers get a hard money loan to close quickly. 1 in every 4754 98178. There is a severe shortage of unsold inventory in this range, which comprises 60 percent of sales activity locally. I highly recommend him. He got me the best mortgage interest rate, responded quickly to all of my questions throughout the entire process and provided me with regular updates until I closed. 101.1% +1.3% year-over-year. He was so helpful throughout the process and I would absolutely recommend him! Joe is not one of those people, I can buy one house with one lender and then a 2nd house with a different lender through him.4) He’s strategic- Apparently with credit scores, they are grouped in tiers. Seattle Real Estate Market Weekly Update - July 15, 2020 Here is our quick weekly update for the Seattle real estate market. Very Competitive. High prices were already forcing many city dwellers to rethink their living arrangements, but the Coronavirus may force their hands to move sooner. Seattle Met's Real Estate section offers news and information about the market conditions in Seattle and neighborhood specific news and trends. October 15, 2020 Data, Economic Coverage, Market Outlook covid-19 covid19 home sales housing market recovery real estate activity Javier Vivas Housing Market Recovery Index Highlights – … Type above and press Enter to search. Thanks for subscribing! Joe Tafolla is the ultimate professional. Home buyers are unlikely to find another moment like this in their lives when low rates and softer property prices are aligned and mortgage credit is so freely available. We started off the year with a bang. Cant say enough great things about Seattle Mortgage Brokers. Below you'll find statistics for the Seattle real estate market which are updated every day from the NWMLS. I work in the same business as Joe and felt that he honored what he said and completed tasks within the time limits he forecast. I had a clear concise list of actionable items on my end and never wondered where in the process we were or what came next. While expectations were that interest rates would keep rising, concerns over the national economy seem to have reversed that course. Lenders will keep wanting to put that money to work. I had an admittedly rough start with SMB due to some communication difficulties. There may be a short window of opportunity when it perfectly lines up to sell a home and cash out, and find great prices and rates to buy new homes. He made us feel like we were his only clients, communicating with us regularly and responding to our questions right away, either by phone or by email. During the time I have known him he has always picked up his phone, realistically I think there have been two times in two years that he didn't answer within the first 3 rings. Joe Tafolla and his team were superb - from our first phone call I knew I was in good hands. Joe and his entire team helped me cross the finish line. Redfin Compete Score ™ 0. That means liquidity and ultimately more money for mortgage borrowers to use. I never thought we'd qualify for as much as we did and as quickly but Joe was determined! Quickly available. On average, residents can expect buying a home is still cheaper than renting if they live in the same place for at least two years. Christy Kinnaird 56 views. I have worked with Joe on numerous occasions and his service is outstanding. For the week ending 5/6/20, pending contracts were at 71% of the level for the corresponding week in 2019. Globally other countries have been reducing rates, and even moving toward zero and negative interest rate territory. If he can work with a 22-year-old kid who just got out of school with no money and no knowledge of real estate whatsoever, buy a house in Seattle, then he can help you too. Summary; Market Trends; Foreclosure Trends; Median List Price $675,000. Both the residential and commercial property market is expected to continue to draw significant investment in 2020. Helping Washington Home Buyers Achieve Financial Success, Call: 206-251-0818 Check out the blog for our latest list of the best Seattle Suburbs to Buy a Home in 2020 for more details on what the surrounding area has to offer. Zillow is forecasting another 2% decline in local home values through September 2020. Stores are closing their doors, schools are shutting down for the year,…, When you find a car that you fall in love with it is a lot to get excited about. 1 in every 3927 98148. Homes are typically worth $608/sqft. MB# 761615. Interestingly, this metric performs even better as we moved into May. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Thank you Joe! If I could give Joe a rating over 5.0 I would.Joe is my go to guy for refinancing. It’s more likely that the air of uncertainty will impact the stock market and housing market. Whether you experience issues driving your GMC Sierra or have a warning light illuminated,…, Decorating your home on a tight budget is a process that requires some planning when it comes to the ability…, Enter your email address below to subscribe to my newsletter. For the four-county Puget Sound region (encompassing King, Kitsap, Pierce and Snohomish counties), the median sales price for December’s closed sales was $495,000, up 10% from the year-ago figure of $449,950. Copyright © 2020 Seattle’s Mortgage Broker All rights reserved. The real estate market in Seattle is approaching year 4 of massive price gains. 2019 Seattle Real Estate Market Predictions. Joe and his team still managed to exceed my expectations, making the process quicker and easier than I had anticipated. Learn about the Magnolia, Seattle, WA housing market through trends and averages. I couldn't be more pleased with the service of Joe and his team! Joe was very responsive and patient to explain my nitty gritty questions for my refinance. I do not have enough great things to say in regards to my experience and cannot wait till we get to work together again! What is the Seattle Jumbo Loan Limit in 2020. I would... Joe and Adam made getting a home mortgage easy, painless, and actually rather fun...they like to send crazy video messages. Very competent and extremely well versed in the business. From my previous post, I described two methods of selecting address samples using R Studio based on random locations and fixed distance fishnet. Very minimal work was needed on my end and I had cash out funds and closed within three weeks of beginning my refinance.I would definitely recommend Seattle Mortgage Brokers for anyone trying to buy, refinance, or sell their home. Seattle housing market august 2020 2020 housing market predictions realtor 2019 national housing california house s fall inflation seattle area home cooldown not. With mortgage rates in the 3% to 5% range, global capital will keep flowing into US debt markets. It was the easiest home financing transaction I've ever done (out of about half a dozen). Many homes get multiple offers, some with waived contingencies. What’s in store for the Seattle real estate market in 2020? Most of all, he is extremely knowledgeable and transparent. In the outlook for house building, it scored 31 out of the 80 real estate markets studied in the report. Affordability of Living in Seattle, WA. About See All. Those that appear to have hit a ceiling. If you are looking to purchase in Seattle, it may be better to look sooner than later. Analysts have been warning of a pending recession for years. These Seattle area market trends are useful for sellers and buyers. Joe is absolutely top notch. That person was Joe. Real Estate One real estate trend is Seattle is the number of homes for sale is dropping quickly, so you better act fast. Treat him with respect, get documents to him on time and you will have one of the best working relationships with him, ever. He Was able to help us get us approved at an amount that worked great for us and found the best possible time to lock us in to the lowest possible interest rate which is saving more than $200 a month from what it was supposed to be. We love our home, which wouldn’t have been possible without you! He is open about his fees upfront and targeted to close the loan within 2 weeks. Whatever you do, don’t just sit on the sidelines and miss your chance to make a great move. Seattle, WA 1 in every 7791 Top 5 Zips. Not to mention fast. Homes are typically worth $608/sqft. Your ability to work so effortlessly with all of the other people involved with my transaction was fantastic. Joe Tafolla got the job done for me when no other could at the last possible moment. 4 % ( $25,000) vs Aug 2019 Median Sales Price NO DATA; Median Foreclosure Sales Price NO DATA; Foreclosures: 57 : Homes for Sale 333 : Recently Sold 8,061 : Market Summary. I am an Account Executive for a large wholesale lender so I get the opportunity to interact with thousands of loan officers throughout every point in their career. In my 15+ years in the industry, he is hands down the best mortgage broker I have ever worked with, and he happens to be local to the Seattle Washington area! One of the best parts of working with him was his promptness of reply and availability over multiple channels (voice call, texting, and email), and he adapted to whichever medium was most appropriate for the situation.I was extremely satisfied with the service Joe provided, and I would definitely be reaching out to him again with any of my future mortgage needs. Cascadia Disrupted is a week-long, virtual conference that will feature thought leaders in the real estate and built environment industries from Seattle, Portland, and Vancouver, BC. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. He was patient as we looked at various houses and when we finally found our home he was on it, we were under contract in a day! Zillow, Redfin predict a 'suburban boom' in US real estate market as remote work becomes more common Callie Craighead , Seattle P-I May 20, 2020 Updated: Sep. 17, 2020 5:02 p.m. We felt great with the entire process and were fully prepared to make an offer and purchase our home so seamlessly. 30 days faster than the average broker with better rates. If you are a home buyer or real estate investor, Seattle definitely has a track record of being one of the best long term real estate investments in America through the last ten years. In September 20.8% of home listings cut their asking prices. Extraordinary Service! Includes information on listings in the Seattle WA area as a whole as well as within individual neighborhoods and subdivisions in Seattle. Also, your ability to close so quickly was a great bonus. This sort…, Many people think that starting a restaurant or an eatery is simple. RealtyTrac provides detailed information on Seattle real estate statistics & foreclosure trend summary to keep investors, realtors, & consumers updated. Up-to-date statistics on the King County, WA Real Estate market, including information about average listing price, average days on market, average price reduction, and more. Won't use anyone else again! We never waited more than 10 minutes for an answer to our questions, even on the weekends!He made the whole process very relaxing, and made us confident that we understood what we were signing up for. Redfin Compete Score ™ 0. This being at least the 5th time we have gone through this process I appreciated that, somethings I needed more information but most I just wanted completed as soon as possible. Joe did a great job of keeping me informed at every step in the process. 5 people like this. When initially deciding the actual rate and buy down cost to get the best deal, Joe would walk me through various scenarios and tell me what he recommends. Seattle-Area Monthly Home Price Gains 2nd Highest in U.S. By seattlerealestate on May 27, 2015 at 10:33 AM This study analyzes historical trends of Seattle home’s price, housing type, size, number of bedrooms, and other real estate information. The ongoing pandemic has taken a huge toll on people’s lives. Joe was always on the ball, I never doubted for a second that we were working with the best mortgage broker in Seattle. Joe is awesome - very efficient and professional. Capitol Hill. Nov 24, 2020, 10:47 pm PST . Joe and his team were fast, efficient, and very informative. See more real estate market trends for Seattle. The most influential factor impacting the Seattle real estate market in 2020 is the presidential election. I continue to be happy with the service I got from Joe and his team - and if/when we refinance, you can bet we'll be asking Joe for help. Hot Homes can sell for about 4% above list price and go pending in around 5 days. There may be a short window of opportunity when it perfectly lines up to sell a home and cash out, and find great prices and rates to buy new homes. On November 26, 2020 By Balmoon. Get the latest market data in your inbox. While Seattle did make it back in the top ten in the Urban Land Institute and the PwC: Emerging Trends in Real Estate 2020 report, the Seattle housing market isn’t looking too strong on the growth prospect as home construction is down. 5 people follow this. As of September 2019, average rents were $2,717 per month. At best, everyone will be so jaded by the fake news by the end of the first quarter that they will tune out. When Joe ran my credit score, he noticed I was only a few points off from the next tier up. Most people have become numb to it and have tuned out. But…, Is your truck having performance issues? October 2020 was $557. I normally don’t write reviews about people or services unless they are really bad (to warn people about them) or if they are absolutely amazing- let’s face it, who cares about mediocrity, right? Denny Triangle. He is extremely knowledgeable about mortgages and very pleasant to work with and I plan to work with him again if I need mortgage assistance in the future. His rates match, or if not, even beats these discount groups, plus you get someone who knows what he’s doing on your side. Every year, the Urban Land Institute and the consultancy PwC publish their Emerging Trends in Real Estate report. He helped us get a great deal for our refinance and shepherd the process from start to finish. 102 total homes available . ... Covid pushes real estate into the future. They responded timely to my questions and concerns and I had absolutely no problems during the loan approval process. The following is an archived article originally published February 1 2018 about the 2018 real estate trends. SO glad we went with him. In assessing the Seattle market trends 5/20 was always going to be interesting as it was the first opportunity to get some meaningful insight the impact that the pandemic will have on the Seattle housing market. Home Buying (78) First-Time Home Buyers (51) Mortgage News (25) Mortgage Refinance (20) Seattle Real Estate (48) Uncategorized (1) Washington Mortgage News (12) Washington Real Estate (16) Laura Hjellen. Seattle Real Estate Trends 5/20. Blogger, Affiliate Marketer, Tech and SEO geek. No exaggeration. It’s no secret that it isn’t cheap to rent in. Though my circumstances were somewhat unique, Joe was dedicated to structuring solutions that ultimately steered me in the best direction. Top notch service throughout the process and follow-up afterwards. My internal staff love him, the underwriters bend over backwards to help and the senior level management fight over who gets to work on his files, because they are just that smooth. Joe Tafolla was nothing short of fabulous! He is very efficient and proactive. As first time home buyers, loans can be intimidating, confusing and the process is not well defined, Joe changed all of that for us. He was efficient, knowledgeable, and good at navigating the mortgage landscape. Seattle Commercial Real Estate News . One of the most pressing things everyone wants to know is where Seattle home prices are headed in 2020. Home Buyer Checklist: 11 Basic Steps To Buying A Home. Home buyers are unlikely to find another moment like this in their lives when low rates and softer property prices are aligned and mortgage credit is so freely available. Create New Account. Call: 206-251-0818 I highly recommend Joe and Seattle's Mortgage Broker. Sometimes it is easier to understand the housing data by looking at it versus reading about it. He truly is the best mortgage broker I have ever worked with and highly recommend him.