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September2016

INS IDE : Homespace | Home Improvement | T rave l | Spot l ight s | Rea l E s tate In fo rmat ion

(425) 748-5065 • www.Easts ide-RealEstateNews.comNews affecting your most prized possession!

6 Costly Mistakes Homebuyers Make When Moving Up to

a Larger Home Eastside – A new report has just been released which identifies the 6 most common and costly mistakes that homebuyers make when moving to a larger home. Unlike the experience of buying a first home, when you’re looking to move-up, (and already own a home), there are certain factors that can complicate your situation. It’s very important for you to understand these issues before you list your home for sale. Not only is there the issue of financing to consider, but you also have to sell your present home at exactly the right time in order to avoid either the financial burden of owning two homes, or just as bad, the dilemma of having no place to live during the gap between closing one home while waiting on the other. In response to this issue, Industry Insiders have prepared a free special report entitled “6 Mistakes to Avoid When Trading Up to a Larger Home.” These six strategies will help you make informed choices before you put your home on the market in anticipation of moving to a larger home. To hear a brief recorded message about how to order your free copy of this report call toll-free 1- 800-231-3659 and enter 7007. You can call any time, 24 hours a day, 7 days a week. Get your free special report now to find out what you need to know to make your move up to a larger home worry-free and without complication. n

Sellers may have missed their opportunity

KIRKLAND, Washington (Aug.4, 2016) – Home prices are still rising but the supply of homes is improving, prompting brokers to suggest some relief is in sight for would-be buyers. “We might actually be start-ing to move very slowly back toward a more balanced mar-ket,” said OB Jacobi, president of Windermere Real Estate, in commenting on July’s figures from Northwest Multiple List-ing Service.

The MLS report summariz-ing last month’s activity shows active listings (including single family homes and condomini-ums) are at the highest level since September 2015 and the volume of new listings added to inventory topped the 12,000 marked for the third consecu-tive month.

With inventory shortages apparently easing in some areas, once-sidelined and frustrated house-hunters may be resuming their search, based on the lat-est statistics. Pending sales for the 23-county service area rose nearly 4 percent compared to a year ago, setting a new high for volume during July.

Member brokers report-ed 11,657 pending sales sys-tem-wide last month, a slight drop from June when they notched 11,995 mutually ac-cepted offers. Despite that dip, the four-county Puget Sound region had its best-ever vol-ume of pending sales for July

(8,545), eclipsing last year’s re-cord number (8,248).

“We are experiencing a record breaking market,” ex-claimed J. Lennox Scott, chair-man and CEO of John L. Scott, Inc. “Last month was the best July in history in the Puget Sound real estate market. We’re in a frenzy hot market with a large backlog of buyers.” He credits improving inventory with spurring sales. “That ad-ditional inventory gave us the boost to not only be able to claim an all-time, best ever July, but to also position the last three months as the best in history for [pending] sales activity in the Puget Sound region.”

Some brokers, including MLS director Frank Wilson, expect the robust activity will slow in August as families focus on vacations and back-to-school preparations.

Brokers added 12,178 new listings to the selection during July, which compares to 11,198 additions during the same month a year ago for an improvement of nearly 8.8 percent. At month end, there were 18,287 active listings for sale versus the year-ago figure of 21,069. That represents a year-over-year drop of “only” 13.2 percent; it’s been hovering in the minus-20 ranges for most months since spring 2015.

King, Snohomish and Pierce counties still have less than two months of supply, with dou-

ble-digit increases in prices com-pared to a year ago, prompting some buyers to expand their search to outlying areas.

“Buyers are feeling the squeeze every day, and now, outlying areas are seeing mul-tiple offers like the major cities have been experiencing the last two years,” noted Northwest MLS director George Moor-head.

Buyers are using driving apps with their searches to de-termine whether or not to con-sider a home and its proximity to their workplace, according to Moorhead, the designated bro-ker at Bentley Properties.

“Our difficulty with limited inventory and multiple offers continues in Snohomish Coun-ty,” reported Diedre Haines, a past chairman of the Northwest MLS board. “The biggest prob-lem right now is a resurgence of low appraisals – often between $30,000 and $35,000 below the agreed upon price.”

Also concerning to Haines is a tendency to forgo due dil-igence during competitive bid-ding situations, something she says she sees nearly every day. “In my opinion, sellers and buyers should not consider of-fers with waived financing, in-spection, investigations, etc. as good offers,” she stated, adding, “They should be mindful of our state’s ‘buyer beware’ protec-tions and allow buyers the time and ability to perform their due

diligence.” Haines, Coldwell Banker

Bain’s principal managing bro-ker for South Snohomish Coun-ty, said the appraisal problem is plaguing all market areas of the county, and involves different appraisers.

“This is indeed a strange sit-uation, especially when taking into consideration that most sellers are cautious in their de-cision to not take the highest offer – even in multiple offer scenarios,” Haines remarked. She is also troubled by apprais-ers’ current practice of using comparable properties that are only with one-half mile of the subject property, rather than the historically typical 2-to-3-mile radius, resulting in a “not good comp” that sometimes leads to failed sales.

One notable exception to the existence of low appraisals is new construction, according to Haines. “It continues to return to our marketplace at a slow but steady pace.”

“Our brokers in Seattle proper, and now more broadly in King County, say sales are slowing down. With the in-crease in inventory, there may finally be some relief for home buyers,” suggested Mike Grady, president and COO at Coldwell Banker Bain. However, he add-ed, “Prices continue to rise at impressive rates in many areas.”

Grady also mentioned the

Because your home may well be your largest asset, selling it is probably one of the most important decisions you will make in your life. And once you have made that decision, you’ll want to sell your home for the highest price in the shortest time possible without compromising your sanity. Before you place your home on the market, here’s a way to help you to be as prepared as possible.

Tip 11 - Get It Spic n’ Span clean - Scrub, scour, tidy up, declutter, and declare war on those pesky repairs as first impressions are everything in today’s market. Buyers will automatically consider a home a “fixer” if they feel there are things they need update which translates into real dollars to you.

Tip 13 - You may not realize but odd smells like traces of food, pets, and smoking odors can kill deals quickly. Tip 21 - Moving out before you sell can put you at a disadvantage. It is proven a vacant home is more difficult to sell, so consider staging and packing most of your things up as an option, or contracting with a staging company to make your home feel like a home.

Tip 3 - Before setting your price do your homework. Today buyers are very well educated on the market and pursue homes that are in priced well. A home on market for 20 days will only

sell for 96-98% of list price and is considered “picked over” by buyers. Don’t get caught up with sentimental equity. For more tips go to www.27EasyFixupsToSellYourHome.com for the full free industry report. n

27 Quick & Easy Fix Ups to Sell Your Home Fast and For Top Dollar

Continued on Page 10

2

stretching your dollar

by BPT

T housands of people stayed in rooms and houses last night

that belong to strangers. More hopped into cars with people they’d never met and accepted a ride to a restaurant or to their home. A young woman rented a designer dress she saw listed online.

These are a few examples of the sharing economy—a system in which people rent homes, arrange rides and borrow personal items typically through online services that facilitate the transactions. Rather than doing business with hotel chains, taxis or department stores, consumers are engaging with strangers in a way that is atypical of traditional business interactions.

The sharing economy generated about $15 billion in revenue in 2013 and is expected to hit $335 billion by 2025, according to PricewaterhouseCoopers.

Like many big changes, the emergence of the sharing

economy has required consumers and companies to re-educate themselves and rethink their approach. While there are many safeguards in place, owners and renters tend to overlook the role insurance plays in this new economy.

It doesn’t have to be complicated. Resources such as Insure U from the National Association o f I n s u r a n c e C o m m i s s i o n e r s (NAIC) can help you avoid unexpected surprises in the world of shared rides and rooms. A few things to keep in mind:

WELCOME HOMEThe vast majority of

accommodations booked on HomeAway, VRBO or Airbnb go off without a hitch. Still, there are stories involving families coming home to torn-up couches, smashed-in walls and homes littered with trash.

If you regularly rent out a room in your home, it’s

important to know many homeowners policies won’t cover guests’ injuries or

property damages. Talk to your insurance agent and determine if you need additional liability or landlord coverage.

Likewise, if your next vacation involves renting a room or villa, make sure your

homeowners or personal liability insurance covers any damages that could happen during your stay.

DON’T BE TAKENFOR A RIDE

If you have a car and don’t mind driving, contracting as an Uber or Lyft driver may be a way to make extra money in your spare time and meet some colorful characters.

Before you start, make sure everything is safe for

you and your passengers. With this in mind, insurance is one of the most important factors to understand.

T h e m o s t popular ride-share companies offer contingent collision and comprehensive

c o v e r a g e w h e n a driver accepts a

ride request or has a passenger in the vehicle.

However, drivers need to understand that while you can insure your vehicle for personal use or for commercial use, in some cases you cannot insure it for both.

More insurance companies are creating policies that cover drivers who use their vehicle for both commercial and personal

use. Contact your insurance representative to find out if there are any gaps in your coverage to reduce your liability and ensure a safe experience.

GOODS AND SERVICES FOR HIRE

The sharing economy doesn’t stop there. It’s also now possible to make a little extra money by renting out your power tools, golf clubs, camera equipment and much more—including your time and labor.

Before you rent, get a security deposit and take plenty of photos to document the item’s condition. Talk with your insurance agent to figure out what kind of information you need for your homeowners insurance policy to cover whatever it is you’re renting out.

Just like the sharing economy is al l about convenience, Insure U (www.insureuonline.org) offers free tips and tools to help you get smart about insurance coverage in all situations. n

© 2016 Brandpoint.

TIPS FOR NAVIGATING

THE SHARING ECONOMY

Your Eastside

home maybe worth

more thanyou think.

To Find Out, Visit:www.2016HomeValue.info

*This is a free public service with noobligation to sell.

by BPT

F inally! The economy is improving, interest rates are low and many consumers now find themselves in a

great position financially to become a first-time homeowner. There’s a small problem though for some locations around the country—the booming real estate market is resulting in rising home prices and increased competition for the most desirable propertiest.

The S&P/Case–Shiller national home-price index recently estimated that 2016 prices are within four percent of the peak in 2006. In some areas, low inventories around the country are making the situation even more challenging.

These conditions are introducing first-time buyers to common challenges and frustrations while searching for their dream home. “Don’t get discouraged,” says Travis Peace, executive director of mortgage at USAA Bank. “Buying a home requires some fortitude and the process intimidates many—not just those doing it for the first time.” As a result, Peace says it’s easy to concentrate too much on home buying “can’ts” rather than “can-dos,” and he offers this advice on how to overcome some common barriers.

“I CAN’T” NO. 1: I CAN’T FIGURE OUT THE HOME-BUYING PROCESS

Peace notes that it’s essential to do research and to be equipped with basic information, but also be willing to ask for help when needed. For example, an experienced real estate agent can keep a buyer apprised of everything from area sales trends to the latest changes in state and federal laws that could impact a mortgage application.

“This is where experienced, licensed professionals can help,” Peace says. “Real estate agents can be an advocate for the

buyer throughout the entire process.”

In addition, free tools like USAA’s Real Estate Rewards Network can connect buyers with an agent and even provide rewards based on the sale price of the home.

“I CAN’T” NO. 2: I CAN’T FIND THE PERFECT HOME FOR MY FAMILY

Finding the perfect home may not be realistic, but shoppers can find the right home. Personal situations will dictate buyers’ ability to wait for a home in a particular neighborhood or design style to come on the market, but not everything has to be left to chance.

Peace says the key is to set realistic expectations and not fixate on negatives that can be changed. “Whether it’s the number of bedrooms or distance to work or school, it’s alright to have some non-negotiables. However, buyers should be willing to be flexible on things that can be relatively easy to change, like paint colors or landscaping.”

“I CAN’T” NO. 3: I CAN’T AFFORD A 20 PERCENT DOWN PAYMENT

Putting 20 percent down on a home has become more of a guideline than a rule. Today, not being able to put 20 percent down does not mean buying a home is out of reach. Peace notes that depending on a buyer’s financial situation, there may be a responsible way to get into your new home without putting 20 percent down.

Government-sponsored loan programs from the Federal Housing Administration, Fannie Mae and Freddie Mac provide loan options that require down payments as low

as three percent. Veterans Affairs (VA) loans don’t require any down payment. While those programs are often great options for consumers who qualify, Peace notes that buyers should keep an eye on their potential total monthly payment.

“Some of these loans include fees and private mortgage insurance (PMI) that could significantly impact your overall cost,” Peace says.

Even private lenders are offering more competitive loan options. For example, USAA Bank’s Conventional 97 loan allows borrowers to acquire a mortgage with only three percent down and the bank pays the PMI costs.

Scott McEniry, a USAA member, recently moved into his new home with the help of the Conventional 97 loan. “It felt like a lifeline had been thrown to me as suddenly a house purchase was within reach again,” McEniry says.

Whether a house-hunting novice or seasoned expert, Peace underscores that being informed, getting the right help and having a healthy dose of determination are the best ways to turn a dream home into a reality. n

© 2016 Brandpoint.

home buying

Helping First-Time Home Buyers get from ‘I Can’t’ to ‘I Can’

3

financial advice l

Sudoku, Scrabble, Crossword and articles distributed by

Tribune News Services and Brandpoint where noted.

© Copyright 2016 by Discover Publications, Inc.

All rights reserved.

YOUR

MO

NEY

6427 Busch Blvd., Columbus, OH 43229

877.872.3080www.DiscoverPubs.com

by BPT

B y now, we’ve all heard about Brexit—the term used to

describe Britain’s exit from the European Union—and a serious decision that will play a crucial role in the overall health of the global economy for months and possibly years to come. On the flip side, there are some immediate affects that could be great for your personal economic situation.

As the dust settles, consumers are set to experience a unique economic landscape. Most consumers, in one way or another, should understand the impact Brexit is having on their finances and assets. It isn’t all doom and gloom—understanding how Brexit affects the average consumer can give you an advantage.

Here are five areas you should pay attention to following the Brexit.

HOUSINGU.S. mortgages rates are

expected to remain low, if not decrease slightly due to Brexit. Uncertainty will drive lower rates with less variance, creating a buyer’s market.

“Mortgage rates are likely to soon fall close to the all-time lows that prevailed in late 2012,” says Alan MacEachin, Navy Federal Credit Union corporate economist. “Homeowners should assess

whether refinancing would make sense for them.”

What’s more, prospective home buyers should be aware of the lower costs for financing their purchase. Since the housing crisis, rates have been extremely low.

What this means for you: Own a home? See if you can refinance your mortgage to a lower rate. This could save you money over time.

Still renting but in the market for a new home? Partner with a trusted lender to check the rates. If you don’t have enough money for a down payment, look into 100 percent financing options, like the HomeBuyers Choice mortgage from Navy Federal Credit Union. You could get into your new home with no money out of pocket.

USE YOUR PLASTICSMake the most of Brexit-

influenced pricing by using your credit card as your primary form of payment. When traveling, your card will offer a better exchange rate than banks or exchange kiosks.

However, “Make sure you’re using a credit card that waives foreign transaction fees,” says Randy Hopper, vice president of credit cards at Navy Federal. “Otherwise, the advantages of the exchange rate could be lost entirely.”

Hopper added that U.S. interest rates are likely to stay lower for longer as a result of Brexit, “meaning there’s a reduced likelihood that the interest rate on most credit cards will increase anytime soon.”

What this means for you: Use your credit card when traveling overseas. To avoid foreign transaction fees, choose a card from a financial institution that doesn’t charge them, like Navy Federal.

RIPE FOR AUTO LOANSConsumers have something

to celebrate when it comes to auto loans. Considering the average age of a used car is now at 11.4 years, a new car that requires little maintenance, combined with the low rate environment, may prompt you to take a test drive on that car you’ve been eyeing.

“The key factor here is that rates will remain lower for longer. I expect auto sales to remain high this year, considering rates consumers are getting,” MacEachin said.

What this means for you: Do your research. It may be time to upgrade your car, and there has never been a better time to do it. Run the numbers with a Car Affordability Calculator, so you can see what impact rates have on your monthly payments. Many financial institutions also offer auto

loan pre-approvals, so you can shop with confidence.

SAVING FOR RETIREMENTConsumers years away

from retirement have plenty of time to recover from any losses Brexit may cause.

For those closer to retirement, it may be a good time to check on your investments and overall retirement plan. Form a solid plan of action with your financial planner to safeguard your investments from any market volatility.

What this means for you: This is a good reminder for those saving for retirement to check up on your investments. Your financial planner will be able to provide advice that matches your retirement plan and help guide you through these times of economic uncertainty.

GOT THE TRAVELBUG? THIS ONE’S FOR YOU!

Have you ever had the desire to visit the UK? Now might be the time. The exchange rate will decrease the cost of vacationing in the UK, as everything from meals to hotels to clothing will become more affordable. British airline fares may also decline relative to American carriers.

“The value of the British pound has dropped sharply as a result of the Brexit vote, which means the cost

of a vacation in Britain would be about ten percent cheaper than it would have been just a few weeks ago,” MacEachin says.

If you are flying a British or European carrier, be sure to check in with your airline before flying. Following Brexit, there is some uncertainty on how UK carriers will adjust.

What this means for you: London may be calling, so check out your travel budget and compare the pound to the U.S. dollar. Search for hotels, airfare, and entertainment at lower costs. Due to the low credit card rates, it may also be a good time to check around for any travel rewards cards.

Bottom line: The Brexit affect is only just beginning and the long-term view is that it could create some market volatility. But for the immediate future, you can take advantage of low rates on consumer loans, in addition to credit card exchange rate, and travel prices.

The time is ripe for making moves, especially if you’re buying or refinancing a home, in the market for a new car, moving to using credit cards, especially overseas, or more specifically in the U.K. Cheers mate! n

© 2016 Brandpoint.

TOP 5 WAYS YOU COULD HAVE YOUR OWN PERSONAL “BREXIT BOOM”

PublisherGeorge Moorhead

Bentley Properties14205 SE 36th St,

Ste. 100, Bellevue WA 98006

(425) 748-5065www.GeorgeMoorhead.com

Not intended to solicit buyers or sellers currently listed with a real estate broker.

4

Q & A with the a real estate expert

Q : Dear George, I am no stranger to home buying as my job requires

plenty of relocation. Years of transitioning from city to city have allowed me to become somewhat of unlicensed expert on the real estate market. I must say, I have grown fond of conducting my own research before I hire an agent. Anyhow, I am getting ready to relocate once again; this time, I am interested in a long term nest for my growing family. I am curious what are some things agents look for when buying a home? I recently got engaged and need to choose our next home wisely. Any secrets would be much appreciated. Thanks, Carrie

A : Dear Carrie, First, congratulations on your engagement;

thats exciting! You have also asked an excellent question. It can be difficult

to transition from a home for one to a home suitable for your family. Do not fret though, here are some suggestions which will help guide you and your fiancé. Your knowledge on the market already puts you ahead of the game, so here are a few things to look for to ensure you get the best home that meets all your needs:

COMPROMISE – Ok, so you are probably

just floored with this one. As someone well versed in getting what you want out of a home, you may be thinking compromising is counterintuitive. Truth is in some cases, it can be. For example if you’re designing your bachelorette pad, you’re more likely to buy a condo to avoid lawn maintenance. Equally, you may spring for extra amenities to spruce up your space to get a better resale value. This trend is common among young professionals; the convenience

factor over practicality. In your case, looking at school districts, access to parks, and anything practical that would accommodate your future lifestyle. Along with location and accessibility, you should also look at the price more than you usually would. Remember, you can always add a spark to your abode, so do not get caught up on missing the high ceilings you are accustomed to. You may compromise on something like that but never compromise on your priorities.

LOOK AT THE DETAILS – This one might sound

tedious at first but its critically important. When buying a long term home, it is imperative that you look at the condition of the home and the outside with a keener eye. This means paying attention how the home flows and is there enough room for children to play while adults have a space to get together at the same time. Consider where you and

your family’s will be most of the time, as an example my family seems to always be in the kitchen, so having a large inviting space is important. Look at wear and tear as this could result in you replacing them sooner than you think. Home warranties, which are a great idea, will only pay for something that is broken so make it a mission to inspect closely.

THINK RESALE VALUE – This one is still right up

there with compromising. Ok, so you found your long term nest. Great! The thought of moving again makes everyone cringe. Understandable. While your comfort matters a great deal; as you personalize your new home, be sure to think resale as you add personal amenities. For example, consider if the change you are about to make will add value to your home, or is it “out of the box” for most buyers which will actually make

your home harder to resell later. Many homeowners make this very mistake, or what we call good in theory, but bad in practice.

Hopefully this helps to answer some of your questions. This is an exciting new adventure and I wish you the best of luck! Please call me if you have any additional questions! n

George MoorheadBentley Properties

14205 SE 36th St, Ste. 100, Bellevue WA 98006(425) 748-5065

www.GeorgeMoorhead.com

On the Move Again—Any Tips?

ASK

A RE

ALTO

R

Eastside - A new report has just been released which reveals 7 costly mistakes that most homeowners make when selling their home, and a 9 Step System that can help you sell your home fast and for the most amount of money.

This industry report shows clearly how the traditional ways of selling homes have become decreasingly effective in today’s market. Buyers are more educated with tons of information just one click away. The fact of the matter is that fully three quarters of homesellers don’t get what they want for their homes and become disillusioned or – worse –financially disadvantaged when they put their homes on the market. As this report uncovers, most homesellers make 7 deadly mistakes that cost them literally thousands of dollars and

countless days on market. The good news is that each and every one of these mistakes is entirely preventable.

In answer to this issue, industry insiders have prepared a free special report entitled “The 9 Step System to Get Your Home Sold Fast and For Top Dollar” that goes over each of the mistakes most homesellers make and ways they can protect their most valuable asset.

To hear a brief recorded message about how to order your free copy of this report call toll-free 1-800-231-3659 and enter 7000. You can call any time, 24 hours a day, 7 days a week.

Get your free special report now to find out how you can get the most money for your home. n

7 Deadly Mistakes That Will Cost You Thousands When You Sell Your Home

5

by Kathryn Weber

A n island hideaway makes for a great way to unwind from daily

life. But even if you don’t live near a beach or a jungle, you can always create your own vacation getaway by adding some tropical touches to your home. Simple island-style swaps can turn your rooms into a private tropical escape that’s there for you every day and not just when you get time off from work.

Natural elements are immediately at home in tropical style. Palms and banana leaf prints make an instant tropical statement. Look for upholstery fabric or wallpaper with these motifs for a splash of tropical nature.

York Wallcoverings Ashford Tropics Banana Leaf Wallpaper will have you reaching for a rum drink with its luxurious green leaves and splash of red (www.wayfair.com). For a subtler print York’s Bali Leaves adds a tropical flair of palm fronds and comes in white, ivory and yellow backgrounds and will make you feel lost in the tropics

(www.wallpaperwarehouse.com).

One common design hallmark of island-style is a combination of light-colored walls and dark woodwork/furnishings. The furniture is often heavily carved in a leaf motif. Sisal rugs tie in the natural feel and tropical vibe underfoot, and adding in upholstery with a tropical print brings the room together.

Of course, the Miami style is also another look that’s considered tropical, and

its emphasis is on color. Whether you go with the hot tropical colors of orange, teal or bright pink, or their toned down versions bordering on pastel, you can’t go wrong with a shot of tropical color to lighten—or brighten—your rooms. Curtains and upholstery can range from busy jungle themes to kitschy ones like flamingos, coral or sea shells.

Look for places to add shots of the tropics, like a trio of island barstools with a

bamboo motif like the Dayna barstool at www.ballarddesigns.com. You can also try adding a punch of bright paint to select pieces of furniture to give your design a tropical infusion of color.

Fill in with tropical accents such as potted palms or a fabulous faux Laura Ashley banana plant (www.overstock.com). Layer in wicker baskets and look for artwork that features tropical themes. Accent throw pillows in a variety of such as like leaves, pineapple and hibiscus patterns add that soft tropical touch to sofas, beds and chairs (www.pier1.com). Outfit your table or your bedroom with linens and dishes that echo an island vibe to complete your look (www.tommybahama.com).

For a classic but fun island touch, set the table with a pitcher and set of highball glasses adorned with gold

flamingos ( w w w .shopbop.com). Or, hang those flamingos on the wall in gold, pink polka dot, or classic pink on a turquoise background (www.allmodern.com). Your walls will feel perfectly tropical and have a touch of whimsy. On the windows, go for long white canvas panels or forgo curtains altogether and add the ultimate tropical window covering of Bermuda shutters mounted to the outside.

Think about adding some tropical accents to your home and you’ll have an escape for a permanent vacation. n

© 2016 Kathryn Weber Distributed by

Tribune Content Agency, LLC.

this month: design trends l

SPO

TL

IGH

TGive your home a tropical touch with

ISLAND-STYLE DECOR

Simple island-style swaps

can turn your rooms into a private

tropical escape…

by Kathryn Weber

H allways very rarely get the attention they deserve because we’re always

using them to get from one room to another. Yet, that transition from one space to the next doesn’t have to be ho-hum. Think of your hallways as a unique space that you can turn into a little jewel box or something that gives visitors a reason to stop and admire.

THE BRIGHT SIDEHallways, by their usual

placement between rooms, typically lack windows and can often be dark spaces save for a standard flush-mount light. These lights really don’t put out much wattage and make the hallway a dark and depressive space. Instead, replace that dim fixture with something that attracts attention and adds panache.

There are many lighting options to choose from. If your hallway has plenty of wall space, think about creating your own art gallery and install recessed spotlights that can wash the walls in light and create a focal point out of your artwork.

Another lighting option is to one or more pendant lights. Having two lights in the hallway, or three if your hallway is extra-long, can

add visual interest and brighten up your hallway so that it’s a light and welcoming space.

Of course, not much can beat natural light and if that’s your preference, look at installing a solar tube. Instead of the dated-looking box skylight, these circular tubes direct natural sunlight into your home, look more like standard recessed lights, and are an excellent choice when your hallway is very dark. Though possible to install in two-story houses, solar tubes are easier to install in single story homes.

Lastly, sconces are commonplace in European hotels and hallways, and adding sconces to a hallway always looks wonderful, adds interest, and brightens it up.

VISUAL INTERESTBecause hallways are our

home’s transit areas, they often lack design and definition. If there’s space, a console table and chairs is always a great look. One of the fastest and easiest ways to add interest is with pattern. Installing wallpaper or using a stencil will give your hallway immediate interest, especially if it has a pattern. Don’t be afraid to be creative either.

Rather than painting the hallway, consider painting the

doors in the hallway with a different color to create interest. You could also add wainscoting and a chair rail to create texture in the hallway. To add photos or prints, think about topping your wainscoting with a two-inch ledge to hold photographs or prints. If you’re not handy enough for wood wainscoting, opt for faux wainscoting by either painting or wallpapering where traditional wainscoting would go.

Mirrors are a stylish option for a hallway, especially if they reflect a pretty view from a nearby window. A collection of sunburst mirrors would look fresh and on-trend. However, do avoid placing mirrors at the end of a hallway. Besides feeling odd staring at yourself walking down the hallway, some mirrors from a long distance can often distort images. And no one wants to look like they’re in a circus funhouse. However, a single piece of artwork placed at the end of a long hallway, is always a terrific option and has the effect of drawing you into the hallway, particularly if it’s lighted well. n

© 2016 Distributed by Tribune Content Agency, LLC.

GIVE YOUR HALLWAYS AN UPDATE

6

by BPT

M any Americans feel working from home would be a dream job, and more than one-

third are already living that dream; 37 percent of U.S. workers telecommute, according to Gallup. However, unless you’re a full-time telecommuter or an entrepreneur running a business from your home, it may be hard to justify dedicating an entire room in your house for home office space.

Today’s home offices must be able to multi-task as efficiently and effectively as the people who work in them—and that’s something you should keep in mind when making renovation plans.

“We see fewer and fewer buyers requiring a dedicated home office when setting their search criteria for buying a new home,” writes Gwen Daubenmeyer, a real estate professional who recently blogged about home offices on the Integrity Real Estate Team blog. Daubenmeyer notes that laptops, cloud storage and online filing services have made it possible to work from virtually any room in the house, so it’s no longer necessary to have a room dedicated solely as office space.

Instead of turning that spare bedroom into a space strictly used for work, why not consider improvements that will help the room multi-task? With a few smart upgrades, spaces such as attics, basements, spare bedrooms and other smaller areas can serve as multi-functional spaces for work, play, working out and socializing.

TIPS FOR MULTI-TASKING OFFICES

- Good lighting is essential for

any home office, but if you want to avoid the institutional look of traditional office lights, consider increasing the amount of natural light that enters your multi-purpose office space. Adding Energy Star-qualified, solar-powered, fresh-air skylights, like those from Velux America, is a cost-effective way to bring natural light, as well as passive ventilation, into any home office space. Solar-powered blinds in designer colors and patterns enhance the blended decor of a multi-use room, while allowing you to control the amount of light entering the room with a programmable touchpad remote control. Plus, a 30 percent federal tax credit is available to homeowners on solar-powered skylights, blinds and installation costs. Roof windows, which are very similar to skylights but are in-reach and operated by hand, are

another popular option, especially in attics. For home offices without direct roof access, a Sun Tunnel tubular skylight with an optional light kit can provide light 24/7. Visit www.whyskylights.com to learn more.

- Divide the room visually to define functional areas. You can do this in several ways, including using a folding screen to partition off the room’s work area, or hanging curtains to conceal lesser-used sections of the room when they’re not in use. You can also use the room’s layout to create a natural flow. For example, tuck a desk and shelving into an attic dormer area as office space.

- Many home offices need to double as a guest bedroom. If working beside an inviting bed all day makes it difficult to resist

the temptation of a nap, consider alternative bed styles. A daybed can be dressed up with pillows to serve as a sofa where you can comfortably read reports. Or, completely hide the sleeping area by adding a Murphy bed to available wall space.

- Make it easy to rearrange furnishings in the room by putting your desk on coasters just like your office chair. Whenever you need the room to function as a workout space, home theater or social center, just roll the office furniture out of the way.

- If you’re turning a bedroom into a multi-purpose office, no one should need the closet for hanging clothes. Instead, convert the closet into a cozy spot for a workspace. You can place a small desk inside, or hang wide shelving that can function as a workspace for your laptop, printer and files. When you’re not working, simply close the closet doors!

- Whenever a room has to serve more than one purpose, organization is critical. If you don’t have the space for filing cabinets, or simply don’t like the way they look, bookcases and shelving can be a great alternative. Don’t overlook the possibilities presented by extra wall space; you can layer shelves to maximize storage space above your desk/work area.

Daubenmeyer says that following the housing bubble, homeowners are smarter and want more functional space. The multi-function home office is one solution that is gaining popularity. n

© 2016 Brandpoint.

home office | living space

IN T

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ME Tips for Creating a

Multi-PurposeHOME OFFICE SPACE

Brighten your home office niche with a roof window or a solar powered fresh air skylight while bringing natural light and fresh air into the workspace. Energy Star-qualified solar powered fresh air skylights from Velux America

close automatically in case of rain, have three layers of water protection, and carry a 10-year warranty against leaks. Operated by programmable touchpad remote control, solar skylights, blinds, and installation costs are eligible for a 30 percent federal tax credit to the homeowner. Get details at www.whyskylights.com.

7

this month: outside the home l

by Kathryn Weber

T op designers know that when you’re designing a room, a

focal point is the main feature that the room is designed to highlight. In the living room, it’s usually the fireplace; in the bedroom, it’s the bed. But what about the outdoors? Adding a focal point to your patio might be all it needs to give your yard a cohesive, coordinated look.

ON FIREOne of the easiest and

quickest patio additions to

add is a fire element. This can be a fireplace, a fire pit or an outdoor kitchen. A fire pit is easy to construct and can be added to an existing patio, or you can add it to an outdoor seating area that has pavers or gravel. Outdoor kitchens are also popular and make a nice spot of the patio to gather and cook. Think about unique features such as a big smoker, pizza oven or rotisserie grill.

PERGOLASA patio can come to life

by the addition of a pergola covering. They make a perfect

spot for shady vines to grow on or for adding a structural feature to your patio. A gazebo with a porch swing or swinging bed can be a cool retreat in the yard or shady spot to sit and read. Don’t overlook arbors and trellises. These look terrific on a patio or at the entrance to a backyard for creating attractive focal points.

WATERFew things are as relaxing

and can grab your attention more quickly than a water feature. Adding a fountain, pond or waterfall area to your patio brings the relaxing

sound of bubbling water and is an instant draw for your eye. Of course, if you’ve got the budget, nothing pulls a patio and backyard together like a swimming pool. This creates a terrific place to add landscaping and attracts visitors and family like no other patio feature can.

WALLSSometimes what’s missing

is a backdrop. Garden walls make an excellent way to create a backdrop to set your patio against. Whether it’s stone, brick, fencing or a green living wall, adding a wall to

your patio helps create a focal point by giving you a spot to anchor your patio seating and furnishings around. Features can be included in the wall, such as a water fountain, landscaping or a fireplace. A wall is an easy addition that can help unify the patio with the house and give your eyes an instant spot to land.

GARDENSYou can also try using

your patio’s natural features to create a focal point. For instance, pavers can be added around a tree to turn the tree into a focal point. Or, a garden

feature such as raised beds, can be added to create structure around the patio and attract interest. Pedestals could be added on either side of a patio, or at the point in the garden where the eye naturally falls, to create interest. n

© 2016 Distributed by Tribune Content Agency,

LLC.

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to construct and can be added to an existing

patio

Create a Focal Point in Your

BACKYARD, PATIO AREA

Don’t Pay Another Cent in Rent to Your Landlord Before You

Read this Special Report Eastside – If you’re like most renters, you

feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle. You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home.

Well don’t feel trapped any more! A new free Special Report entitled “How to Stop Paying Rent and Own Your Own Home” has already helped dozens of local renters get out from under their landlord’s finger, and move into a wonderful home they can truly call their own. You can make this move too by discovering

the important steps detailed in this FREE Special Report. It doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. With the help of this report, it will become suddenly clear to you how you really can save for the down payment and stop wasting thousands of dollars on rent.

To hear a brief recorded message about how to order your free copy of this report call toll-free 1-800-231-3659 and enter 7001. You can call any time, 24 hours a day, 7 days a week.

Get your free special report and stop wasting thousands of dollars on rent NOW. n

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QUICK AND EASY CREME BRULEEINGREDIENTS

• 10 large cage-free egg yolks

• 1/2 cup (125 mL) plus 1 tablespoon granulated sugar, plus more for the brulee topping

• 2 1/4 cups (560 mL) heavy cream

• 3 slices peeled fresh ginger, each about 1/4-inch (6 mm) thick

• 1/2 cup (125 mL) crystallized ginger, coarsely chopped, if necessary, or fresh berries

First, make the custard mixture. Put the egg yolks, 1/2 cup (125 mL) plus 1 tablespoon sugar, cream and fresh ginger in an 8-to-10-cup (1-to-1.25 l) high-powered commercial-quality blender. Put on the lid securely.

Turn on the blender to maximum speed. Leave the blender running until you can see that the custard is steaming hot. When you stop the blender and take off the lid, the temperature of the custard should measure about 195 F (90.5 C). Blend for 7 to 8 minutes, turning off the blender to check with an instant-read thermometer inserted deep into the custard without touching the blades or canister.

Place six 3/4-cup (185-mL) ramekins or custard dishes on a rimmed pan. Divide the crystallized ginger or berries, if using, among the ramekins, spreading them evenly across the bottoms. Pour the custard from the blender into the prepared ramekins, filling them almost to the top. Cover with plastic wrap and chill in the refrigerator for several hours to overnight.

Before serving, uncover the custards. Using a sugar shaker or a spoon, sprinkle a thin, even layer of sugar over the custard.

To caramelize the sugar, light a handheld propane blowtorch or kitchen torch, carefully following the manufacturer’s instructions. Holding the torch close enough to a ramekin so that the tip of the flame touches the sugar, caramelize the sugar layer on one custard, moving the flame back and forth until the sugar crystals melt and turn a deep amber. Turn off the flame. Repeat the caramelizing process with the remaining custards.

Chill the ramekins until the caramelized sugar crusts are very cold and hard, about 1 hour (but do not refrigerate too long, or the crusts may melt). To serve, place the ramekins on small plates, instructing guests to crack the sugar topping by hitting it with the backs of their spoons. Serves 6

© 2016, Wolfgang Puck Worldwide, Inc. Distributed by Tribune Content Agency, LLC.

culture | wine | art | fine livingby Michael Austin

I ’m sure it happens now and then, but it must be a rare occurrence when someone says, “You know

what? I could really go for a turkey sandwich.”

Turkey sandwiches get ordered in restaurants and whipped up in home kitchens nonstop, but they do so in the same way that shoes get tied. From memory. Without much care or much thought. They fill a need the way a night light does.

But a burger. How many times have you been in a restaurant when someone closes a menu early and says to the universe, “I’m going with a big ol’ burger” or “I think I need a burger.”

Is that bold proclamation, that declaration of need, delivered with a sprinkle of apology because a burger with cheese and a big puffy bun is perhaps not the healthiest choice? Or is it delivered with bravado, announcing to the world that this diner is treating herself to one of the most effortlessly satisfying food creations carnivores have ever come up with?

My guess is it’s a little bit of both. A good hamburger is an indulgence. It is also pretty much always a little decadent, rich and hearty, which makes it a natural match for red wine. Sure, some white wines could work, and lots of sparkling wines too. But come on, let’s drink some red wine with our red meat. OK, one sparkler.

Below are some classic wine styles (and bottle recommendations) that pair with burgers, plus a couple of not-so-classic picks that worked well recently with a variety of burger styles—from a simple Swiss cheeseburger with all-American condiments, to a black-truffle-mayo-and-fried-egg stunner, to a bison burger with cheddar, caramelized onions and wasabi mayo.

I would never suggest a ho-hum wine just because burgers are, at the end of the night, just hot sandwiches with toppings. But I’d rather spend less on wine for burgers than I would on wine for a more intricate plate of vittles. With that in mind, only one

of these 10 bottles rings up higher than $20.

ZINFANDELZinfandel is one of the all-time classic

burger wines. Big, jammy, juicy and spicy, it’s almost as if it were invented for this most-American of sandwiches. If you are going with a classic pairing, why not go with one of the grape’s most renowned producers, Ravenswood? The 2013 Ravenswood Old Vine Zinfandel ($18.50) sources fruit from Sonoma County, mostly from the zin haven of Dry Creek Valley. This wine has comforting raspberry, blackberry, vanilla and spice with a dash of elegance. You might also try the 2013 Mettler Family Vineyards Epicenter Old Vine Zinfandel ($20) from Lodi, which again is full of blackberry but also cola, earthiness and smoke.

CABERNETEncouraging people to shake

a particular steak sauce onto their hamburgers instead of ketchup, a classic TV advertising campaign went something like this: “Is a hamburger made of ground ham? No—it’s made of ground steak.” As long as it is not

a tannic powerhouse, a California cabernet sauvignon, best friend of the juicy steak, is probably going to be a good match for your burger too. Try the 2014 Hess Select Cabernet Sauvignon ($17) from the North Coast. Black cherry, cloves, cocoa and enough acidity to keep everything lively and not too heavy.

MALBECArgentines love their beef, and

they wouldn’t dream of eating one of their famous steaks without a glass of malbec. Naturally, malbec is also a great burger wine, with its velvety plum, blackberry, chocolate and earth. The 2014 Trapiche Oak Cask Malbec ($13) from the Mendoza region of Argentina is pleasantly gamy and jammy, full of black cherry and tobacco. Also from Mendoza, the 2014 Domaine Bousquet Gaia ($20), a silky blend of 50 percent malbec, 45 percent syrah and 5 percent cabernet sauvignon, is full of blackberry, mushroom and black pepper spice.

RHONE VARIETIESCan you imagine not seasoning a

hamburger patty with a little bit of

salt and black pepper? This is where the Rhone grape varieties come into play, especially the powerful and legendary syrah, which can range from floral to leathery, often with a bite of pepper. If you wanted lively red fruit, minerality, herbs, incense and pepper, you could try the deliciously layered 2013 Presqu’ile Syrah ($35) from California’s Santa Maria Valley. To save some money and still get a very nice wine full of bright raspberries, blue fruits, spice and suppleness, pick the 2012 E. Guigal Cotes du Rhone ($15), which is 50 percent syrah, 45 percent grenache and 5 percent mourvedre.

MERLOTWith richness and a silky

mouthfeel, merlot is sort of the wine equivalent of a milkshake in this pairing scenario—if you consider that some people like the fizz and tang of soda with a burger, and others opt for a mouth-coating chocolate shake. The 2014 Toad Hollow Vineyards Merlot ($16) from Sonoma County offers cranberry, blue fruits, a chocolate finish and a lush, ultra-softness. Look for “Richard McDowell’s Selection” on the bottom of the label.

ITALIAN STYLEFor something a little lighter and

a touch unconventional, try one of the following from Italy. The 2013 Tascante Ghiaia Nera ($20) from Sicily is made of nerello mascalese grapes and has soft tannins, lively acidity, red fruits, and a touch of orange and licorice. The Cleto Chiarli e Figli Vecchia Modena Premium Lambrusco ($15) from Emilia-Romagna is the opposite-equivalent of a milkshake with a burger. This sparkler is pleasantly tart and tongue-cleansing, with cherry, citrus, anise and a frothiness that will cut through the richness of just about any burger with ease.

Try a burger with bubbles, and it might become your default pairing. Plus, you can enjoy a glass while you’re waiting for the grill to heat up. n

© 2016 Chicago Tribune Distributed by Tribune Content Agency, LLC.

10 WINES to Wash Down That Grilled Burger Tonight

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by VirtualTourist.com

I f you love music and you love to travel, then you’ll want to check out this list of the

five Must-See Musical Cities, as comprised by members of travel website VirtualTourist.

CLASSICAL: VIENNA, AUSTRIA

Not only is Vienna the capital of Austria, it’s also the world capital of classical music. Each night, more than 10,000 music fans enjoy live classical music, something that is simply unheard of in any other city in the world. And each year, Vienna’s concert schedule includes more than 15,000 events of various sizes. Music lovers can enjoy classical concerts in some of the world’s finest halls and historic locations or even street performers.

FADO:LISBON, PORTUGAL

While musical experts continue to disagree about the true origin of Fado, one thing they do agree on is how amazing it is to hear. Fado is considered Portugal’s national music treasure. There are two styles: Coimbra, often performed by groups of males, and Lisbon, sung by a solo performer accompanied

by two guitarists. When visiting Lisbon, you’ll want to add time at a “casa de Fado” or Fado restaurant to your list. VirtualTourist members say the best and most authentic Fado restaurants can be found in the Alfama and Lapa districts. Some charge a small entrance fee, while others just require you to eat dinner. Either way, you’re sure to have a memorable evening.

CONGOLESE RUMBA: BRAZZAVILLE, CONGO

If you like to dance while listening to music, then Brazzaville is for you. Here, music is cause for celebration, and, for some, perhaps a way to escape a world of poverty. Brazzaville, the capital of Congo, is known as the birthplace of the Congolese rumba, a genre that combines high-speed dance and music that is an important aspect of the culture. Today, you can hear this music at various events and festivals, as well as eateries.

JAZZ: NEW ORLEANS, LOUISIANANew Orleans is known for a lot

of things: great food, Mardi Gras, Louis Armstrong and, of course, jazz. Many different kinds of jazz music—Dixieland, ragtime—originated in New Orleans and date

back to the 19th century. Whether at a music hall, restaurant, town square or street corner, you’re bound to see live music everywhere. The heart of the city is full of jazz venues and VirtualTourist members say one of the best musical experiences you will have is at Preservation Hall. As a memento, stop by the Louisiana Music Factory and purchase some old vinyl jazz records.

AFRO-POP:HAVANA, CUBA

The Cuban capital is no doubt the epicenter of culture, including its diverse music scene with influences from Africa and Spain. The rhythms of Africa combined with Spanish guitars have created some of the most pulsating vibes you will hear. You’ll find music almost everywhere, including

bars, cafes and street performers. VirtualTourist members say the best districts for live music are La Habana Vieja, Vedado and Miramar. You won’t be able to keep from dancing. n

© 2016 Virtualtourist.comDistributed by Tribune Content Agency, LLC.

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Fado is considered Portugal’s national

music treasure.

FIVE MUST-SEE

MUSICAL CITIES

Each night, more than 10,000 music fans enjoy

live classical music in Vienna

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First time buyers AND current homeowners. Go to the website for details and apply for your grant.

1 0

STRONG AGAINST CANCER is an initiative of Seattle

Children’s Hospital to generate funds for cancer immunotherapy research. Cancer immunotherapy is the most innovative and successful treatment for childhood cancer. Young children have terrible side effects from chemotherapy that affects their growing bodies and minds in a catastrophic way, but now with immunotherapy that is a thing of the past with the only side effect being similar to a flu shot. The amazing success of this new cancer-curing treatment can be seen in children walking out of the hospital after just a few weeks.

Bentley Properties has made multiple donations as supporters of Strong Against Cancer. They believe all children should have a fighting chance to live long, happy lives. Their goal is help as many children as possible. “Every child needs a chance and the Strong Against Cancer program is so amazing. How can you not support it?” says George Moorhead, designated broker of Bentley Properties.

Lucinda (Lucy) was just five months old when she was first diagnosed with Acute Lymphoblastic Leukemia (ALL). She achieved remission after a year of chemotherapy, but then relapsed. “Lucy had really awful side effects from chemotherapy,” said her mother, Kenda. “We just didn’t want her to go through that again and we were hoping we could avoid a bone marrow transplant.” Lucy’s oncologist in St. Louis, Mo., suggested the family meet

with Dr. Rebecca Gardner, a Seattle Children’s Hospital oncologist and the lead researcher on the PLAT-02 immunotherapy trial, (which has seen a 91 percent success rate). Lucy was accepted into the trial and received therapeutic t-cells about a month later. Two-year-old Lucy is now in complete remission. “We feel so lucky that this trial was available and that Lucy got in,” Kenda said. “We’re really hoping this is it for her and that she’ll be cured.”

The Strong Against Cancer website (www.strongagainstcancer.org) has stories about children and their success in beating the odds. With a 91% full remission success rate, immunotherapy is the miracle we have all been looking for. The treatment reprograms T-Cells from our own blood means so, unlike chemotherapy, there is no rejection of the treatment. This aggressive attack on the cancer cells is like hitting them with the Seahawks defensive line all at once.

Tiffany Keene, a broker with Bentley Properties, says, “we are committed to bring hope, love, and support our

community. We lead with generosity and for the greater good. The research is proven, and it could be saving lives now. Cancer is the number 2 killer, so don’t wait until it has its mark on you or someone you love.” “Donate now and save someone you love in the

future,” says Jeff Gehrke, also a broker at Bentley Properties.

George was moved by the story of Callie’s Coffee, a company founded by a 7-year-old girl who lost one of her childhood friends to cancer. During an interview, founder Callie’s father said, “the effect on Callie was that she needed to do something about it. Just like a kid, right? It wasn’t ok to just go forward, she needed to help. So she came to me one day and told me she had this great idea to start a company. She had noticed all adults drink coffee so she thought that would be a pretty good thing to sell. She also said she wasn’t really interested in setting up a stand, like she and her brothers would sometimes do selling

lemonade. This time she wanted to start her business on Facebook. Finally, she told me she would take all of the money she made and give it to Ben Towne Foundation, the pediatric cancer research foundation Ben’s parents had started in his honor.”

Luke Griffin at with Bentley Properties says, “I support the Strong Against Cancer program in order to help find a cure, or, at the very least, slow down the process of cancer taking over. It is said we cannot control the wind, but we can control the sail.” Jill Lansing, also with Bentley Properties, says, “by donating to the Strong Against Cancer program, we can makes a big difference in so many families’ lives. I feel by helping fund this program

and the research they do, we’ll find the way to wipeout cancer in our children.”

Bentley Properties is an independent real estate company in Bellevue who strives to help the community by leading with generosity. They donate a large part of their commissions from referrals they receive to Children’s Hospital’s Strong Against Cancer research initiative. Their goal is to donate $20,000 by October 2016. George says, “you just cannot buy those smiles, and those smiles go all the way to your soul.”

To find out more about Strong Against Cancer you can go to their website at www.StrongAgainstCancer.com. n

kids & teens

WHA

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BUZZ Local Real Estate Company

FIGHTS BACK AGAINST CANCER

“ripple effect” is continuing, with Seattle’s experience of shrinking inventory and rising prices occurring in surrounding areas.

The median price for last month’s 9,466 closed sales of single family homes and con-dos (combined) was $350,000. That reflects a jump of 9.6 percent from a year ago when it was $319,250.Within the 23 counties in the report, the median price ranged from $57,950 in Ferry County to $505,000 in King County.

A comparison of prices by counties shows San Juan County topping the chart. The me-dian price on last month’s sales (including sin-gle family homes and condos) was $507,500, a jump of nearly 21 percent from a year ago. That edged out King County where the me-dian sales price of $505,000 was up 15 per-cent from twelve months ago when it was $439,000, but down slightly from June’s fig-ure of $510,000.

For single family homes (excluding con-dos), the area-wide median selling price was $358,150, a 9.2 percent gain from a year.

King County had the highest median price for single family homes at $555,000. That’s a 14.4 percent year-over-year increase.

Condo prices for July surged 17.3 percent from a year ago, from $260,000 to $305,000. Inventory shortages persist, with less than 1.3 months of supply area wide, and less than a month (0.90) in King County.

Commenting on the market in Kitsap County, where his office is based, MLS direc-tor Wilson said there’s a significant backlog of buyers. Multiple offers on new listings and steady traffic at open houses are continuing, he added.

Scarce inventory and end-of-summer pri-orities will likely create “a bit of a pause” in the market, predicts Wilson, the branch man-aging broker at John L. Scott, Inc. Poulso. He expects vacations and back-to-school shop-ping will divert some prospective buyers and sellers, but come mid-September “the market will take off again until Thanksgiving.”

Elaborating on his comment about a pos-

sible shift to a more balanced market, Jacobi said King County “really sticks out for me” when looking at the entire region. Single family home inventory levels match those of a year ago, yet home sales have slowed year-over-year. “Price growth also appears to be slowing from the rapid growth that we’ve be-come used to in recent months.”

Brokers who commented on the latest MLS report dismissed murmurs of a housing bubble.

Wilson emphasized this market is not like it was in 2005-2007 when it was driven by speculation and loans to people who could not afford them. He believes the market’s future holds two certainties: “Home prices are heading up and interest rates are soon to follow.” Wilson also described this market as “need driven based on an improving job mar-ket in King County as well as simple supply and demand.” Remember, he added, “normal markets have adjustments … ours will come in a couple of years.”

“An imminent bubble is not likely,” said Moorhead. “Even though we cannot predict the future, if interest rates remain low and in-ventory levels remain at historic lows, a bub-ble is unlikely,” he said.

Scott expects current market conditions will continue at least into the summer of 2017. “The best opportunity for homebuy-ers to find a home will be in the next three months,” he suggested, noting new listings coming on the market historically taper off in November. “Because of the current increase in inventory, now may be a great time for buyers who were discouraged from entering the mar-ket to rethink their decision,” he added.

Northwest Multiple Listing Service, owned by its member real estate firms, is the largest full-service MLS in the Northwest. Its membership of nearly 2,100 member offices includes more than 25,000 real estate profes-sionals. The organization, based in Kirkland, Wash., currently serves 23 counties in Wash-ington state. n

More Balanced Market (continued from page 1)

11

C R O S S W O R DPUZZLE

P U Z Z L E answers created by Crosswords Ltd.

ACROSS1 Ignore the teleprompter6 Take for a ride, so to speak10 Pyramid, to Tut14 Supermodel Klum15 “Look what I did!”16 Old-time knife17 “Full House” star Bob18 Alphabetically first of the

acting Baldwin brothers19 Sedgwick of “The Closer”20 McDonald’s freebies23 Contractor’s approx.25 Word ending for enzymes26 Outcome27 Multi-day event featuring

rainbow flags31 Alaskan native32 Forever and a day33 Opposite of NNE36 Campus official37 Willy with a

chocolate factory39 Indian spiced tea40 Kazakhstan, once: Abbr.41 For the lady42 Prankster’s favorite month43 Ride with wooden horses46 Scramble, as

a secret message49 Dawn goddess

50 Old AT&T rival51 Fruit-flavored hard candies55 Part of Q.E.D.56 “You hurt?” reply,

hopefully57 Really bad turnout60 Feel concern61 Luigi’s “Bye!”62 Conclude63 “Faster __ a speeding

bullet ...”64 Tailor’s sewn folds65 Sidewalk eateries

DOWN1 Sighs of satisfaction2 Agcy. with narcs3 Astronomical distance4 “I had no __!”5 Walk-on role6 Hung around7 Not windy8 “Zip-__-Doo-Dah”9 ‘90s Los del R’o dance hit10 “For shame!”11 “Shame __!”12 Two-time Best Actress

Oscar winner Streep13 Beauty’s beau21 Tire pressure abbr.22 Popular jeans

23 “Jeepers!”24 Black Friday deals28 Many a punch line29 __-weensy30 Chinese cookware33 Doesn’t lose sleep over34 New Orleans footballer35 Oscar who quipped,

“True friends stab you in the front”

37 Lottery winners’ cry38 Bobby of hockey39 Naval noncom: Abbr.41 Actress Lamarr42 As, on the periodic table43 Like lava44 Colorful little lizards45 “Impressive!”46 Cockpit panic button47 “Little Broken Hearts”

singer Jones48 Civil War nurse Barton52 Parisian gal pal53 Linguist Chomsky54 Gossip columnist Barrett58 Michelle Obama __

Robinson59 EMTs’ destinations

© 2016 Distributed by TribuneContent Agency, LLC.

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