Wake Up! HB1110 and HB1337 Are Now Law AND THEY ARE CHANGING HOW YOU WILL DO BUSINESS! This week I want to talk about what is changing in housing here in Washington State, with two new housing bills that Governor Jay Inslee signed-into law this past May, 2023. The first one I want to talk about is HB1110. For those of you who don't know about it, please look it up. This legislation was designed to increase middle-housing opportunities in areas that were traditionally zoned single-family residential (SFR). That means that there are huge changes that have happened regarding what can be done with land that was originally zoned to only have one home on it. This legislation is changing how agents: Price Property: Finding comparative properties and knowing how to price property that can supp... 09/22/2023

  Paul Henderson, REALTOR®, Fathom Realty WA LLC Kitsap, Pierce and Mason county, Washington's preferred waterfront real estate Agent & Broker Our thoughts create our reality - where we put our focus is the direction we tend to go!Attributed to Peter McWilliams (1949 - 2000)Thank you for reading and commenting on my blog post! This post was researched, authored, and photo by Paul Henderson, REALTOR®, ©2008-2023, all rights reserved. All information is deemed reliable; however it should be independently verified by the reader. Any reproduction of this blog post is prohibited without the prior written permission of the author… 09/20/2023

  Paul Henderson, REALTOR®, Fathom Realty WA LLC Kitsap, Pierce and Mason county, Washington's preferred waterfront real estate Agent & Broker Stop the habit of wishful thinking and start the habit of thoughtful wishes!Attributed to Mary Martin (1913 - 1990)Thank you for reading and commenting on my blog post! This post was researched, authored, and photo by Paul Henderson, REALTOR®, ©2008-2023, all rights reserved. All information is deemed reliable; however it should be independently verified by the reader. Any reproduction of this blog post is prohibited without the prior written permission of the author…Paul Henderson, REALTOR®, Fathom Realty WA LLC Kitsap, Pierce and Mason county, Washington's preferred waterfront real estate Agent & Broker  f the author… 09/19/2023

 Foods for Thoughts 9/18/2023  (Quotes to ponder & motivate you!) Paul Henderson, REALTOR®, Fathom Realty WA LLC Kitsap, Pierce and Mason county, Washington's preferred waterfront real estate Agent & Broker  Wrinkles will only go where the smiles have been!Attributed to Jimmy Buffett (1946 - 2023) Thank you for reading and commenting on my blog post! This post was researched, authored, and photo is by Paul Henderson, REALTOR®, © 2008-2023, all rights reserved. All information is deemed reliable; however it should be independently verified by the reader. Any reproduction of this blog post is prohibited without the prior written permission of the author… 09/18/2023

 Foods for Thoughts 9/18/2023  (Quotes to ponder & motivate you!) Paul Henderson, REALTOR®, Fathom Realty WA LLC Kitsap, Pierce and Mason county, Washington's preferred waterfront real estate Agent & Broker  I'm inspired by people who keep on rolling, no matter their age!Attributed to Jimmy Buffett (1946 - 2023) Thank you for reading and commenting on my blog post! This post was researched, authored, and photo is by Paul Henderson, REALTOR®, © 2008-2023, all rights reserved. All information is deemed reliable; however it should be independently verified by the reader. Any reproduction of this blog post is prohibited without the prior written permission of the author… 09/18/2023

Food for Thoughts 9/18/2023  (Quotes to ponder & motivate you!) Paul Henderson, REALTOR®, Fathom Realty WA LLC Kitsap, Pierce and Mason county, Washington's preferred waterfront real estate Agent & Broker  It takes no more time to see the good side of life than it takes to see the bad!Attributed to Jimmy Buffett (1946 - 2023) Thank you for reading and commenting on my blog post! This post was researched, authored, and photo is by Paul Henderson, REALTOR®, © 2008-2023, all rights reserved. All information is deemed reliable; however it should be independently verified by the reader. Any reproduction of this blog post is prohibited without the prior written permission of the author… 09/18/2023

 Paul Henderson, REALTOR®, Fathom Realty WA LLC Kitsap, Pierce and Mason county, Washington's preferred waterfront real estate Agent & Broker  I have come to the conclusion that the most important element in human life is faith?Attributed to Rose Kennedy (1890 - 1995) Thank you for reading and commenting on my blog post! This post was researched, authored, and photo is by Paul Henderson, REALTOR®, © 2008-2023, all rights reserved. All information is deemed reliable; however it should be independently verified by the reader. Any reproduction of this blog post is prohibited without the prior written permission of the author… 09/16/2023

The Real Remodeling Timeline As interest rates continue to cause gridlock, several of the agents in my ENCORE coaching group have indicated that would-be sellers on their potential client list are considering sticking with their low interest rate mortgage and are choosing to explore remodeling instead. From what I can see, one industry that has it worse than the real estate industry when it comes to gridlock is the residential construction industry. Builders are currently stymied by: Interest rates (on their own projects) Labor shortages in both their own companies as well as other companies they may sub out to Materials shortages Permitting timelines Changes in the code Environmental requirements (revisions to the energy code, stormwater, tree removal, etcetera) All of these issues ca... 09/15/2023

 Paul Henderson, REALTOR®, Fathom Realty WA LLC Kitsap, Pierce and Mason county, Washington's preferred waterfront real estate Agent & Broker  People deal too much with the negative, with what is wrong. Why not try and see positive things, to just touch those things and make them bloom?Attributed to Thich Nhat Hanh (1926 -2022) Thank you for reading and commenting on my blog post! This post was researched, authored, and photo is by Paul Henderson, REALTOR®, © 2008-2023, all rights reserved. All information is deemed reliable; however it should be independently verified by the reader. Any reproduction of this blog post is prohibited without the prior written permission of the author… 09/15/2023

Overall Greater Seattle Real Estate MarketThe Greater Seattle real estate market is part of the Northwest MLS.  Pending Sales in August were down 25% across the NWMLS, but the median price In August was the same as July ($615,000) and actually higher than the previous year ($600,000).  Prices remain strong because of low inventory.  Many current homeowners are locked in at historically low interest rates; thus, are generally choosing to stay put rather than sell.  Only 8,152 new listings were added in August.  Down 18% from the previous August which added 9,914.The Greater Condo MarketThe condo market has also faired well. Median prices in August ($465,000) did dip from July ($480,000), but for the second month in a row they did exceed the previous year’s median price ($450,000 in Augus... 09/14/2023

Sales Prices halt their rise; while the Number of Sales Closed remains Incredibly Low.The Federal Reserve and Wall Street have continued to keep financing rates very high for home sales; which is the largest driver we know of that is keeping the number of homes sold at about 30%+ lower than we've seen in the past 5 years. The relatively high rates are putting a huge pinch on the buyers wanting to enter the market; and putting the pinch on owners that would like to sell their current home and need a new loan to buy their next home. The combined result has been an imbalanced environment with slightly more buyers than homes to buy; keeping prices up.The first chart we have shows the August-only changes, 2023 vs. 2022: In 2022 at this time the "Great Slowdown" was about 4 months old thus, t... 09/14/2023

 Paul Henderson, REALTOR®, Fathom Realty WA LLC Kitsap, Pierce and Mason county, Washington's preferred waterfront real estate Agent & Broker  The essential lesson I've learned in life is to just be yourself. Treasure the magnificent being that you are and recognize first and foremost you're not here as a human being only. You're a spiritual being having a human experience!Attributed to Wayne Dyer (1940-2015) Thank you for reading and commenting on my blog post! This post was researched, authored, and photo is by Paul Henderson, REALTOR®, © 2008-2023, all rights reserved. All information is deemed reliable; however it should be independently verified by the reader. Any reproduction of this blog post is prohibited without the prior written permission of the author… 09/14/2023

Two Powerful Opportunities for Washington Agents Every year around this time, the pace of the world changes. This year in-particular has, and is going to, challenge real estate agents like none other. Over the last year, Agents have had to deal with listing gridlock in our inventory-starved market and buyers who have lost their buying power. Many agents I talk to are feeling the pinch in the market. Couple that frustration and exhausting circumstances with the massive change our Washington State real estate market is about to see and it becomes abundantly clear that if agents think they can conduct their business as usual, there simply won't be enough business to sustain them. As a real estate coach, I work with agents all over these United States, but here closer to home I meet every ... 09/13/2023

 Food for Thoughts 9/13/2023  (Quotes to ponder & motivate you!) Paul Henderson, REALTOR®, Fathom Realty WA LLC Kitsap, Pierce and Mason county, Washington's preferred waterfront real estate Agent & Broker  Nothing will work unless you do!Attributed to Maya Angelou (1928-2014) Thank you for reading and commenting on my blog post! This post was researched, authored, and photo is by Paul Henderson, REALTOR®, © 2008-2023, all rights reserved. All information is deemed reliable; however it should be independently verified by the reader. Any reproduction of this blog post is prohibited without the prior written permission of the author… 09/13/2023

 Paul Henderson, REALTOR®, Fathom Realty WA LLC Kitsap, Pierce and Mason county, Washington's preferred waterfront real estate Agent & Broker  Smiling is definitely one of the best beauty remedies. If you have a good sense of humor and a good approach to life, that's beautiful!Attributed to Rashida Jones (1976~) Thank you for reading and commenting on my blog post! This post was researched, authored, and photo is by Paul Henderson, REALTOR®, © 2008-2023, all rights reserved. All information is deemed reliable; however it should be independently verified by the reader. Any reproduction of this blog post is prohibited without the prior written permission of the author… 09/13/2023

 Food for Thoughts 9/12/2023  (Quotes to ponder & motivate you!) Paul Henderson, REALTOR®, Fathom Realty WA LLC Kitsap, Pierce and Mason county, Washington's preferred waterfront real estate Agent & Broker  Ninety percent of selling is conviction, and 10 per cent is persuasion!Attributed to Shiv Khera  Thank you for reading and commenting on my blog post! This post was researched, authored, and photo is by Paul Henderson, REALTOR®, © 2008-2023, all rights reserved. All information is deemed reliable; however it should be independently verified by the reader. Any reproduction of this blog post is prohibited without the prior written permission of the author… 09/12/2023

 Food for Thought 9/12/2023  (Quotes to ponder & motivate you!) Paul Henderson, REALTOR®, Fathom Realty WA LLC Kitsap, Pierce and Mason county, Washington's preferred waterfront real estate Agent & Broker  Pretend that every single person you meet has a sign around his or her neck that says, ‘Make me feel important.’ Not only will you succeed in sales, you will succeed in life!Attributed to Mary Kay Ash (1918-2001) Thank you for reading and commenting on my blog post! This post was researched, authored, and photo is by Paul Henderson, REALTOR®, © 2008-2023, all rights reserved. All information is deemed reliable; however it should be independently verified by the reader. Any reproduction of this blog post is prohibited without the prior written permission of the author… 09/12/2023

 Paul Henderson, REALTOR®, Fathom Realty WA LLC Kitsap, Pierce and Mason county, Washington's preferred waterfront real estate Agent & Broker  Give yourself a gift of five minutes of contemplation in awe of everything you see around you. Go outside and turn your attention to the many miracles around you. This five-minute-a-day regimen of appreciation and gratitude will help you to focus your life in awe!Attributed to Wayne Dyer (1940-2015) Thank you for reading and commenting on my blog post! This post was researched, authored, and photo is by Paul Henderson, REALTOR®, © 2008-2023, all rights reserved. All information is deemed reliable; however it should be independently verified by the reader. Any reproduction of this blog post is prohibited without the prior written permission of the... 09/12/2023

 Paul Henderson, REALTOR®, Fathom Realty WA LLC Kitsap, Pierce and Mason county, Washington's preferred waterfront real estate Agent & Broker  Time is more value than money. You can get more money, but you cannot get more time!Attributed to Jim Rohn (1930-2009) Thank you for reading and commenting on my blog post! This post was researched, authored, and photo is by Paul Henderson, REALTOR®, © 2008-2023, all rights reserved. All information is deemed reliable; however it should be independently verified by the reader. Any reproduction of this blog post is prohibited without the prior written permission of the author… 09/11/2023

 Paul Henderson, REALTOR®, Fathom Realty WA LLC Kitsap, Pierce and Mason county, Washington's preferred waterfront real estate Agent & Broker  Kindness in words creates confidence. Kindness in thinking creates profoundness. Kindness in giving creates love!Attributed to Lao TzuThank you for reading and commenting on my blog post! This post was researched, authored, and photo is by Paul Henderson, REALTOR®, © 2008-2023, all rights reserved. All information is deemed reliable; however it should be independently verified by the reader. Any reproduction of this blog post is prohibited without the prior written permission of the author… 09/10/2023