Windermere Foundation By the Numbers

For the past 28 years, the Windermere Foundation has been helping those in need in our communities through donations to local organizations that provide services to low-income and homeless families. In 2016, the Windermere Foundation raised over $2.2 million in donations, bringing the total to over $33 million raised since it started in 1989.

Last year, 35 percent of the donations to the Windermere Foundation came from agent commissions. That’s because every time you use a Windermere agent to buy or sell a home, they make a donation to the Windermere Foundation. The other 65 percent came from additional donations made by Windermere agents, employees and the community. Because of these donations, the Windermere Foundation was able to fulfill 664 grants and help 410 organizations that provide help to those in need.

And every dollar donated is put to good use! As you can see from the infographic below, even small donations make a big impact and help us fund things like food bank meals, school supplies for underprivileged students, and resources for children in crisis.

If you’d like to help support programs in your community, please click the Donate button.

 

To learn more about the Windermere Foundation, visit http://www.windermere.com/foundation

 

This article originally appeared on the Windermere.com blog.

Local Market Update – February 2017

The local real estate market remains very hot with extremely low inventory and prices that are rising faster than anywhere else in the country. However, that rate of price growth appears to be cooling from last year, dropping to its slowest pace in three years. Predictions of more interest rate hikes may further limit price increases. Those considering to sell their home may want to take advantage now of this perfect storm of record-low inventory and record-high prices.

Eastside

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Click image to view full report.

Those looking to buy a home on the Eastside continue to face rising prices and strong competition for limited inventory. With less than a month’s supply of homes, properties here are getting snapped up as soon as they come on the market, and often sell for well over asking price. The median price for homes sold in January climbed 14 percent compared to a year ago to $793,000.

King County

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Click image to view full report.

Buyers scrambling to beat increasing interest rates have depleted an already record-low supply of homes. Fewer than 1,600 single-family homes were on the market in King County in January, beating December’s all-time low. The median price of a single family home was up 7 percent over last year to $525,000, but that is the cheapest home prices have been in 11 months. Time will tell whether that price moderation is an anomaly or the continuation of a trend.

Seattle

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Click image to view full report.

After months of robust increases, Seattle home prices slowed down in January. The median price of a single-family home in the city inched up 3 percent over a year ago to $635,000. Some areas of the city even saw small price drops. That should spell good news for buyers, yet razor thin inventory continues to make it a solid seller’s market.

Snohomish County

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Click image to view full report.

After months of double-digit price increases, Snohomish County may be starting to experience the same market softening as King County. The median price of a single-family home in Snohomish County rose 8 percent as compared to a year ago to $410,000. Tight inventory continues to be a problem. There are 40 percent fewer homes on the market here than the same time last year.

Windermere Foundation Raises $2,246,829 in 2016

The Windermere Foundation had another banner year in 2016, thanks to the continued support of Windermere franchise owners, agents, staff, and the community. Over $2.2 million was raised in 2016, which is an increase of seven percent over the previous year. This brings our total to over $33 million raised since the start of the Windermere Foundation in 1989.

A large amount of the money raised last year is thanks to our agents who each make a donation from every commission they earn. These funds enable our offices to support local non-profits that provide much-needed services to low-income and homeless families in their communities.


SUMMARY OF FUNDS, GRANTS & DONATIONS IN 2016

  • Organizations served: 410
  • Number of individual grants fulfilled: 664
  • Average grant amount: $2,581
  • Average donation to the Windermere Foundation: $122.05

FUNDING BREAKDOWN

  • Total funds provided in 2016: $1,951,878.78
  • Scholarships: 4.79%
  • Youth/Child Programs: 32.65%
  • Emergency Assistance: 25.67%
  • Shelter: 12.85%
  • School Assistance: 6.76%
  • Education/Counseling: 5.10%
  • Administrative Expenses: 2.74%
  • Fundraising Expenses: 9.44%

So how are funds used? Windermere offices get to decide how to distribute the funds their agents raise so that they may help organizations in their communities. Our offices have helped to fund school lunch and afterschool programs, supported non-profits that provide housing assistance to homeless families, donated to food banks, purchased school supplies, provided meals and gifts for families in need over the holidays, fulfilled wishes for children through Make-A-Wish programs, and purchased shoes, clothing, blankets and other items to help keep families warm during the winter months.

This year was also marked by a new partnership between Windermere and the Seattle Seahawks to help #tacklehomelessness. During the 2016 football season, Windermere donated $100 for every Seahawks home game tackle to YouthCare, a non-profit organization that provides essential services to homeless youth. At the end of the season, the #tacklehomelessness campaign raised $35,000, which is being used to help fund YouthCare’s transitional housing program.

Thanks to our agents, offices, and everyone who supports the Windermere Foundation, we are able to continue to make a difference in the lives of many families in our local communities. And not just during the holidays, but throughout the year. If you’d like to help support programs in your community, please click on the Donate button.

To learn more about the Windermere Foundation, visit http://www.windermere.com/foundation.

This article originally appeared on the Windermere.com blog.

Windermere Donates $35,000 To Help #TackleHomelessness

The regular football season is officially over, and while the Seahawks didn’t make it to the Super Bowl this year, they did take home the title of NFC West champs. We can think of a number of reasons to be proud of the Seahawks, but the biggest one for us is the $35,000 they helped us raise to #tacklehomelessness.

As the Official Real Estate Company of the Seattle Seahawks, Windermere and the Seahawks decided to partner on a cause that is important to our community. The result was our #tacklehomelessness campaign which saw Windermere donating $100 for every Seahawks home game tackle during the 2016 season. An additional donation was made in honor of Bobby Wagner, the NFL leader in tackles this season, for each of his 167 tackles. All of these tackles added up to an impressive $35,000.

The recipient of the $35,000 donation is YouthCare, a non-profit organization that provides essential services to homeless youth. The money raised will help fund YouthCare’s Residential Care Programs, which provide both housing and tailored support services to youth transitioning from homelessness to stability and independence.

Our partnership with the Seahawks and YouthCare fits perfectly with the mission of the Windermere Foundation, which is to support low-income and homeless families in the communities where we have offices. We are grateful for the opportunity to provide additional support to homeless youth in our area thanks to the Seahawks, YouthCare and the #tacklehomelessness campaign.

See you next season and GO HAWKS!

This article originally appeared on the Windermere.com blog.

First Time Buyers, Millennials, and What to Expect in 2017



By Matthew Gardner, Chief Economist at Windermere Real Estate

I believe that the big story for the coming year will be first-time home buyers. Since they don’t need to sell before purchasing, their reemergence into the market ensures that sales will continue to increase, even while inventory is limited. Thirty-one percent of buyers currently in the real estate market are first-time buyers, but it would be more ideal if that figure was closer to 40 percent.

Why don’t we have enough first-time buyers in the market? With Baby Boomers working and living longer, we aren’t making much room for Millennials to start their careers. Plus, the major debt that the younger generation owes on student loans ($1.3 trillion today) hugely impacts the housing market. But the bigger issue is lack of down payments. Before the recession, many Millennials could look to their parents for help with down payments; however, these days that is not as much the case.

I would also contend that the notion of Millennials being a “renter generation” is nonsense. In a National Association of Realtors survey, 75 percent of them said that buying a home would be the most astute financial decision they’d ever make; however, 80 percent said they don’t think they could qualify for a mortgage. I do believe that Millennials will eventually buy, but they’re delaying their purchasing decisions by about three years when compared to previous generations, which is about the same amount of time they’re waiting to start families as well.

Mortgage rates have risen rapidly since the election, and unfortunately, I do not see a turnaround in this trend. That said, they will remain cheap when compared to historic averages.  Expect to see the yield on 30-year mortgages rise to around 4.7% by the end of 2017. For those who have grown accustomed to interest rates being at historic lows, this might seem high, but it’s all relative.

If I were to gaze all the way into 2018, my crystal ball takes me to the dreaded “R” word. Like taxes and death, recessions are another one of those unwanted realities that inevitably comes to visit every so often. Irrespective of who was voted into the White House, my view remains the same: prepare to see a business cycle recession by the end of 2018, but, rest assured, it will not be driven by real estate, nor will it resemble the Great Recession in any way.

This article originally appeared on the Windermere.com blog.