Washington State legislators implemented a new graduated Real Estate Excise Tax (REET), replacing the current 1.28 percent sales tax applied to all transactions with a variable rate based on a property’s value (a structure quite similar to that being followed in California). In response, Realogics Sotheby’s International Realty (RSIR) has launched WashingtonREET.com, a calculator to help home sellers navigate this new tax structure by displaying estimations of 2019 and 2020 taxes.
Read MoreWhile it's true that home prices have continued to rise throughout the Seattle-Metro area, there are also some new and interesting statistics to go along with rising median prices. Realogics Sotheby's International Realty recently released their second-quarter market trends report for 2018 and we wanted to share a few statistics that jumped out at us.
Read MoreThe first quarter housing market numbers reveal an interesting story about Seattle and the Eastside. Despite a slower season for home sales in Seattle, prices gained ground and rose to staggering heights for both areas.
Read MoreWhile the S&P CoreLogics Case-Shiller Home Price Index showed San Francisco and San Diego starting to catch up to Seattle for single-family home prices in the months of September and October 2017, our Puget Sound region ended the 2017 calendar year at a 16th consecutive month leading the nation. "In December, Seattle led the way with a 12.7 percent year-over-year increase," states The S&P Dow Jones official report.
Read MoreAs a recent Realtor.com report indicates, home prices around much of the country continue to increase and “in large swaths of the country, a cool million has mostly come to represent the new standard for good, upper-middle-class housing.”
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