Reasons more homebuyers prefer newly constructed homes over existing properties
09 Jan

Reasons more homebuyers prefer newly constructed homes over existing properties

Seattle
Planning to buy a home soon? If you haven’t considered a newly built home, now may be the perfect time. According to the National Association of Realtors (NAR), 15% of all homes sold last year were new builds—the highest percentage in 17 years. Buyers are gravitating toward new builds for good reasons. From avoiding renovations to enjoying modern amenities, brand-new properties have undeniable appeal in today’s competitive market. Skipping Renovations and Repairs A top reason people choose newly built homes is to avoid unexpected repairs. 42% of surveyed buyers wanted to skip renovations and outdated systems. With new construction, wiring,…
Read More
Why More Homebuyers Are Choosing Newly Built Homes
09 Jan

Why More Homebuyers Are Choosing Newly Built Homes

Seattle
Planning to buy a home soon? If you haven’t considered a newly built home, now may be the perfect time. According to the National Association of Realtors (NAR), 15% of all homes sold last year were new builds—the highest percentage in 17 years. Buyers are gravitating toward new builds for good reasons. From avoiding renovations to enjoying modern amenities, brand-new properties have undeniable appeal in today’s competitive market. Skipping Renovations and Repairs A top reason people choose newly built homes is to avoid unexpected repairs. 42% of surveyed buyers wanted to skip renovations and outdated systems. With new construction, wiring,…
Read More
$150,000 Down Payment Assistance
09 Jan

$150,000 Down Payment Assistance

Seattle
Realogics SIR If you have deep roots in Washington state (before 1968), you could be eligible for the Covenant Homeownership Program. Movement Mortgage is here to help you take advantage of the program, which provides up to a $150,000 down payment or up to 20% of the purchase price, including closing cost assistance for first-time homebuyers through a loan secondary to the primary mortgage loan. The loan has a 0% interest rate. It is paid back on the sale or refinancing of the home.   Are You Eligible? Household income at or below 100% of the area median income: $147,400…
Read More
37-Storey Tower Called “The Marquis” Proposed Near Surrey Memorial Hospital
09 Jan

37-Storey Tower Called “The Marquis” Proposed Near Surrey Memorial Hospital

Real Estate
STOREYS In their last meeting just before the holidays, Surrey City Council was presented with a new development proposal for a site near Surrey Memorial Hospital that would continue the redevelopment of the district immediately surrounding the hospital. The subject site of the proposal is 13531 and 13567 95 Avenue, located about half a block west of King George Boulevard and Surrey Memorial Hospital. Both parcels are currently vacant, with BC Assessment valuing the parcels at $8,884,000 and $22,264,000 as of July 1, 2024, for a total assessed value of $31,148,000. The properties are owned by WH Innovation (Lot B)…
Read More
Skyline-Changing Front Street Proposal Revised With Heights Up To 71 Storeys
09 Jan

Skyline-Changing Front Street Proposal Revised With Heights Up To 71 Storeys

Real Estate
STOREYS One of the biggest proposed real estate developments Canada has arguably ever seen just got taller. Over five years since it was originally proposed, plans for Oxford Properties' $3.5 billion "Union Park" — a lofty four-building development set to tower above the Rogers Centre — have been revised. The resubmission was submitted in mid December and is currently under review. The latest vision entails substantial height and residential unit increases, as well as a massive decrease in proposed office space. But due to a reimagining of built forms, the once 4.3 million-sq.-ft development will now span a lesser, though…
Read More
2025 Retail, Franchising, and Gig Economy Trends to Watch and Adapt
09 Jan

2025 Retail, Franchising, and Gig Economy Trends to Watch and Adapt

Startups
U.S. holiday retail sales rose 3.8% in 2024, with online sales increasing by 6.7%. Consumers are expected to continue spending, but potential tariffs could impact inflation and spending habits. Retailers must adapt to trends like cost-consciousness, a preference for quality products, and alignment with ethical values. By focusing on these areas, businesses can strengthen customer loyalty and remain competitive in a changing market. Additionally, sustainability efforts are becoming a priority for retailers.  ------------------------------------ ​ The holiday shopping season was successful for U.S. retailers. A preliminary report from Mastercard SpendingPulse shows that 2024 holiday sales increased 3.8% over 2023’s holiday season.…
Read More
The Canadians Who Earned A Spot On Prestigious US Real Estate List SP 200
09 Jan

The Canadians Who Earned A Spot On Prestigious US Real Estate List SP 200

Promoted, Top News
STOREYS Every year in January, the Swanepoel Power (SP) 200 celebrates the power players in residential real estate — those who are making powerful moves at a national, and sometimes even multinational, scale. It’s not easy to get on the list. Each of the 200 leaders included in the rankings have been carefully selected by a team of executives from US-based T3 Sixty, who evaluate contenders based on the scope and power of their position, the financial resources they have at their disposal, whether they have equity stake in their company, and their overall impact on the industry, amongst more.…
Read More
Realogics Sotheby’s International Realty Sets 2024 Benchmark in Luxury with Home Value Representation and Broker Productivity in Pacific Northwest
09 Jan

Realogics Sotheby’s International Realty Sets 2024 Benchmark in Luxury with Home Value Representation and Broker Productivity in Pacific Northwest

Seattle
Realogics SIR The Company Topped $2.1 Billion in Gross Sales Volumes in ‘24; Industry Advantages to Spur Growth in ‘25 Executives at Realogics Sotheby’s International Realty confirmed that their licensed collective of 256 Global Real Estate Advisors outperformed their peer group on a per broker basis as compared to the top ten largest brands in the Northwest Multiple Listing Services (NWMLS) in 2024. Established fifteen years ago in 2010, the brokerage is consistently the largest affiliate in Washington State for Sotheby’s International Realty and currently represents 72 percent of the sales volume for the brand with more than $21 billion…
Read More
Bank of England observes orderly movements in gilt market, says Breeden
09 Jan

Bank of England observes orderly movements in gilt market, says Breeden

News in Focus
Breeden expressed optimism about recent market movements during a speech in Scotland, stating, “So far the moves have been orderly. So far so good.” His comments reflect a positive outlook on current economic conditions, suggesting stability and confidence in market trends. Breeden's remarks highlight the importance of maintaining order in financial markets, which can influence investor sentiment and economic forecasts. As global economic dynamics continue to evolve, his insights may provide reassurance to stakeholders monitoring market performance.  ---------------------------------- ​“So far the moves have been orderly,” Breeden said after a speech in Scotland. “So far so good.”  Read More from WSJ.com:…
Read More