Mike Rosenberg
NationalMortgageNews
Seattle, WA, United States
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Past articles by Mike:
Seattle-area housing market split into two different pieces
Buyers looking for higher-end homes in pricier cities like Seattle and Bellevue aren't paying any more than they did a year ago. Meanwhile, those shopping around for something resembling a deal, perhaps in Tacoma or Everett, are still confronted with the same old hot market from years past. → Read More
Renter boom: Apartments filling up faster in Seattle area than anywhere in the U.S.
The Seattle area is filling up new apartments faster than any region in the country, suggesting demand for housing is starting to catch up with the record construction boom –... → Read More
Market turnaround? King County home prices take biggest one-month jump ever
Despite the shift in the single-family home market, King County condo prices are falling at their fastest rate in seven years, as are single-family home prices in neighboring Snohomish County. → Read More
Amazon abandons plan to occupy huge downtown Seattle office building
Amazon confirmed Wednesday it will not occupy the 722,000 square feet it had leased in the Rainier Square tower under construction at Fifth Avenue and Union Street. The lease was... → Read More
Seattle construction still booming and won’t end anytime soon
South Lake Union, Lower Queen Anne and First Hill have 10 projects apiece underway, as the local construction boom continues. → Read More
Bellevue house and garage where Jeff Bezos started Amazon up for sale
Back when Bezos was living there as a renter in 1994, the house was worth $135,000. Now it's on the market for nearly $1.5 million. → Read More
Seattle-area home prices drop to lowest point in two years — down $116,000 since last spring
Homebuyers are starting to leverage the cooling market to their advantage, convincing sellers to take on closing costs and knock tens of thousands of dollars off their asking price. → Read More
Microsoft pledges $500 million to tackle housing crisis in Seattle, Eastside
The pledge is the largest in the company's 44-year history, and comes as Microsoft and other tech giants that have driven the region's economic boom face increasing pressure to help mitigate affordable-housing shortages. → Read More
Seattle still has the most cranes in America, and construction isn’t losing much steam
Most of the cranes dotting the skyline now are building apartment high-rises, though there are also several new offices going up at a time of intense competition for space among companies. → Read More
Seattle home prices down nearly $100,000 in seven months; Eastside market falls, too
Home prices across King County have fallen 12 percent since their spring highs. King County’s median single-family home price ticked up just 0.6 percent in December from a year before, and condo costs rose at the same rate — the smallest annual gain since early 2012, when the market was bottoming out. → Read More
Amid building boom, 1 in 10 Seattle apartments are empty, and rents are dropping
Seattle built the fourth-most apartments of any metro area in the country over the past year, with only New York, Los Angeles and Dallas — all with far bigger populations than Seattle — building more. Take a community-by-community look at what it costs to rent, and how that's changing in the Puget Sound area. → Read More
Seattle-area home prices drop again — down 11% in last six months
The cool-down in King County's real estate market has now reached six months, and the drop in home prices over that span is among the largest on record. → Read More
Big switch in Seattle homebuying: from most to fewest bidding wars in the country
About 4 in 5 Seattle homebuyers now face no competition when bidding on homes, allowing them to take more time on their decision and negotiate from a position of power. → Read More
Changes to Seattle’s single-family zoning could improve housing picture, city report says
The single-family zoning that dominates Seattle has priced people who aren’t rich out of most of the city’s neighborhoods, is contributing to income and racial inequality, and has forced the city’s booming population to crowd into small pockets of the city, a new planning-commission analysis concludes. The advisory report released Monday stops short of recommending major citywide density but… → Read More
Will Amazon's HQ2 sink Seattle's housing market?
Priced-out Seattleites hoping for a housing market crash with Amazon expanding to two new "headquarters" locations might be disappointed. → Read More
Seattle home prices down $80,000 from peak amid unprecedented spike in homes sitting unsold
Sellers of both brand-new homes and bottom-of-the-market houses are reacting to the shift by lowering prices and offering deals to prospective buyers. → Read More
Seattle home sellers, seeing new reality, are lowering list prices faster than anywhere else
Seattle-area homebuyers are getting a double dose of good news: More sellers are dropping their asking price to lure buyers — and buyers are then negotiating the price down further. → Read More
Free rent in Seattle, no catch: Landlords’ faith inspired a gift for tenants
The husband and wife owners of the Lunde Apartments in Greenwood have been cutting back and saving up for the past year to give all their tenants a rent-free November. → Read More
Goldman Sachs buying Seattle’s historic Smith Tower
The purchase is part of a nearly $750 million portfolio of buildings in the Seattle and Denver areas. → Read More
As sales plunge, King County home inventory has biggest jump on record
Sales and inventory numbers are now back to 2012 levels — when the housing market was still buyer-friendly — while prices continue to drop from their record spring highs. → Read More