This Weekend on the Eastside: Kirkland Uncorked, July 18-20

Kirkland Uncorked, Washington’s summer food and wine festival, is taking place this weekend! Taking place at scenic Marina Park (25 Lakeshore Plaza Dr), the festival, benefitting Homeward Pet Adoption, features wines from world-class Washington wineries, bite-sized feasts from notable Eastside restaurants, and appearances from the Northwest’s most prestigious celebrity chefs and culinary personalities.

The festival is split into two parts, a 21+ Tasting Garden and an all ages Street Fair. The Tasting Garden features wine tasting, grilling demonstrations, live music, a Friday Burger Brawl and a Saturday Grill-Off. The Street features a Boat Show, the Uncorked Market, the CityDog Dog Modeling Contest, and a Sunday Food Truck Feast.

Check out the event schedule here!

The Annual Collection Magazine Has Arrived!

Introducing the new 2014 edition of The Collection Magazine – it has arrived!  Our 100-page custom publication produced exclusively by Realogics Sotheby’s International Realty, debuts today with 12,000 Puget Sound Business Journal newspaper inserts and delivering to savvy businesses in downtown Seattle and Bellevue.  Featuring editorial articles on Beijing Sotheby’s International Realty, Millennial trends and a showcase of our brokers and their unique listings – it’s the best of Northwest living!  Additionally The Collection will be polybagged with the July issue of Luxe Magazine top subscribers,  private airports throughout the region and even the ferries will call our new magazine home. We invite you to experience the extraordinary today.  It’s a Collection truly unlike any other.

Read through the magazine, and my personal spread, here!

The 2014 Collection Mock-up2 RGB

Tips for Year End Giving!

Happy Holidays!!

I hope you have been enjoying a great holidays season and have a very fun New Years planned!!


As most who know me know, I am very into giving back to the community and especially to homeless families. I wanted to share this great link to tips of year end giving for 2013.

http://www.irs.gov/uac/Newsroom/IRS-Offers-Tips-for-Year-End-Giving-2013#!

Wishing you all a healthy and prosperous 2014.
Lynn

15% Rise in King County Housing!

The median price of single-family homes sold in King County last month rose to $426,000, a 15 percent increase over the year.

After a remarkable frenzy of homebuying in early summer sent the median price to $434,000 in July, the highest level in five years, October’s activity showed a more balanced market, with more inventory for sale.

Buyers closed on 2,187 homes, 10 percent more than in the previous October, the Northwest Multiple Listing Service (MLS) reported Tuesday.

While extremely tight inventory drove bidding wars in spring, October was the first time this year that inventory of single-family homes was higher than a year earlier.

In King County, there were 4,575 single-family homes listed, 6 percent more than a year earlier. In the condominium market, there were 1,133 units listed, 8 percent more than a year ago.

The Eastside, as usual, had the highest median price in King County: It was $575,377, up 14 percent from a year ago. Southwest King County had the lowest median price at $240,000, about 7 percent higher over the year.

Pending sales are where the shutdown’s impact would have shown up, but it’s hard to tease that out from other possible causes, said Glenn Crellin, associate director of research at the Runstad Center for Real Estate Studies at the University of Washington.

Regionally, inventory remains tight: King, Snohomish and Pierce counties all have less than three months’ supply, the MLS reported.

A balanced market generally has enough supply for four to six months.
So, the increase is expected to continue!

Home prices in most metropolitan areas grew significantly in the third quarter, with the national median price rising at its fastest annual clip in nearly eight years, according to the National Association of Realtors (NAR).

During the same period, existing homes sold at the fastest annual rate recorded in more than six years, according to NAR’s latest quarterly report on metro area median prices and affordability.

Despite the robust price growth, NAR estimated that potential buyers still had adequate income in most areas to purchase a home in the third quarter. Nonetheless, market momentum is changing, according to Lawrence Yun, chief economist at NAR.

“Rising prices and higher interest rates have taken a bite out of housing affordability,” Yun said. “However, we have the ongoing situation of more buyers than sellers in the market, so lower sales will help to take the pressure off home price growth and allow them to rise slowly at a single-digit growth rate in 2014.”

The national median existing single-family home price increased by 12.5 percent year over year to $207,300 in the third quarter, the strongest year-over-year gain since the fourth quarter of 2005 when it shot up 13.6 percent, according to the trade group.

In the second quarter, the median price reportedly rose 12.2 percent year over year.

- See more at: http://www.inman.com/2013/11/06/home-prices-post-highest-annual-gain-in-nearly-8-years/#sthash.8XLrp2Sg.dpuf

Home
prices in most metropolitan areas grew significantly in the third
quarter, with the national median price rising at its fastest annual
clip in nearly eight years, according to the National Association of
Realtors (NAR).

During the same period, existing homes sold at the fastest annual rate recorded in more than six years, according to NAR’s latest quarterly report on metro area median prices and affordability.

Despite the robust price growth, NAR estimated that potential buyers
still had adequate income in most areas to purchase a home in the third
quarter. Nonetheless, market momentum is changing, according to Lawrence
Yun, chief economist at NAR.

“Rising prices and higher interest rates have taken a bite out of
housing affordability,” Yun said. “However, we have the ongoing
situation of more buyers than sellers in the market, so lower sales will
help to take the pressure off home price growth and allow them to rise
slowly at a single-digit growth rate in 2014.”

The national median existing single-family home price increased by
12.5 percent year over year to $207,300 in the third quarter, the
strongest year-over-year gain since the fourth quarter of 2005 when it
shot up 13.6 percent, according to the trade group.

In the second quarter, the median price reportedly rose 12.2 percent year over year.

- See more at: http://www.inman.com/2013/11/06/home-prices-post-highest-annual-gain-in-nearly-8-years/#sthash.8XLrp2Sg.dpufTEST

Home prices in most metropolitan areas grew significantly in the third quarter, with the national median price rising at its fastest annual clip in nearly eight years, according to the National Association of Realtors (NAR).

During the same period, existing homes sold at the fastest annual rate recorded in more than six years, according to NAR’s latest quarterly report on metro area median prices and affordability.

Despite the robust price growth, NAR estimated that potential buyers still had adequate income in most areas to purchase a home in the third quarter. Nonetheless, market momentum is changing, according to Lawrence Yun, chief economist at NAR.

“Rising prices and higher interest rates have taken a bite out of housing affordability,” Yun said. “However, we have the ongoing situation of more buyers than sellers in the market, so lower sales will help to take the pressure off home price growth and allow them to rise slowly at a single-digit growth rate in 2014.”

The national median existing single-family home price increased by 12.5 percent year over year to $207,300 in the third quarter, the strongest year-over-year gain since the fourth quarter of 2005 when it shot up 13.6 percent, according to the trade group.

In the second quarter, the median price reportedly rose 12.2 percent year over year.

- See more at: http://www.inman.com/2013/11/06/home-prices-post-highest-annual-gain-in-nearly-8-years/#sthash.8XLrp2Sg.dpuf

Home prices in most metropolitan areas grew significantly in the third quarter, with the national median price rising at its fastest annual clip in nearly eight years, according to the National Association of Realtors (NAR).

During the same period, existing homes sold at the fastest annual rate recorded in more than six years, according to NAR’s latest quarterly report on metro area median prices and affordability.

Despite the robust price growth, NAR estimated that potential buyers still had adequate income in most areas to purchase a home in the third quarter. Nonetheless, market momentum is changing, according to Lawrence Yun, chief economist at NAR.

“Rising prices and higher interest rates have taken a bite out of housing affordability,” Yun said. “However, we have the ongoing situation of more buyers than sellers in the market, so lower sales will help to take the pressure off home price growth and allow them to rise slowly at a single-digit growth rate in 2014.”

The national median existing single-family home price increased by 12.5 percent year over year to $207,300 in the third quarter, the strongest year-over-year gain since the fourth quarter of 2005 when it shot up 13.6 percent, according to the trade group.

In the second quarter, the median price reportedly rose 12.2 percent year over year.

- See more at: http://www.inman.com/2013/11/06/home-prices-post-highest-annual-gain-in-nearly-8-years/#sthash.8XLrp2Sg.dpuf

Home prices in most metropolitan areas grew significantly in the third quarter, with the national median price rising at its fastest annual clip in nearly eight years, according to the National Association of Realtors (NAR).

During the same period, existing homes sold at the fastest annual rate recorded in more than six years, according to NAR’s latest quarterly report on metro area median prices and affordability.

Despite the robust price growth, NAR estimated that potential buyers still had adequate income in most areas to purchase a home in the third quarter. Nonetheless, market momentum is changing, according to Lawrence Yun, chief economist at NAR.

“Rising prices and higher interest rates have taken a bite out of housing affordability,” Yun said. “However, we have the ongoing situation of more buyers than sellers in the market, so lower sales will help to take the pressure off home price growth and allow them to rise slowly at a single-digit growth rate in 2014.”

The national median existing single-family home price increased by 12.5 percent year over year to $207,300 in the third quarter, the strongest year-over-year gain since the fourth quarter of 2005 when it shot up 13.6 percent, according to the trade group.

In the second quarter, the median price reportedly rose 12.2 percent year over year.

- See more at: http://www.inman.com/2013/11/06/home-prices-post-highest-annual-gain-in-nearly-8-years/#sthash.8XLrp2Sg.dpuf

Home
prices in most metropolitan areas grew significantly in the third
quarter, with the national median price rising at its fastest annual
clip in nearly eight years, according to the National Association of
Realtors (NAR).

During the same period, existing homes sold at the fastest annual rate recorded in more than six years, according to NAR’s latest quarterly report on metro area median prices and affordability.

Despite the robust price growth, NAR estimated that potential buyers
still had adequate income in most areas to purchase a home in the third
quarter. Nonetheless, market momentum is changing, according to Lawrence
Yun, chief economist at NAR.

“Rising prices and higher interest rates have taken a bite out of
housing affordability,” Yun said. “However, we have the ongoing
situation of more buyers than sellers in the market, so lower sales will
help to take the pressure off home price growth and allow them to rise
slowly at a single-digit growth rate in 2014.”

The national median existing single-family home price increased by
12.5 percent year over year to $207,300 in the third quarter, the
strongest year-over-year gain since the fourth quarter of 2005 when it
shot up 13.6 percent, according to the trade group.

In the second quarter, the median price reportedly rose 12.2 percent year over year.

- See more at: http://www.inman.com/2013/11/06/home-prices-post-highest-annual-gain-in-nearly-8-years/#sthash.8XLrp2Sg.dpufTEST

Home prices in most metropolitan areas grew significantly in the third quarter, with the national median price rising at its fastest annual clip in nearly eight years, according to the National Association of Realtors (NAR).

During the same period, existing homes sold at the fastest annual rate recorded in more than six years, according to NAR’s latest quarterly report on metro area median prices and affordability.

Despite the robust price growth, NAR estimated that potential buyers still had adequate income in most areas to purchase a home in the third quarter. Nonetheless, market momentum is changing, according to Lawrence Yun, chief economist at NAR.

“Rising prices and higher interest rates have taken a bite out of housing affordability,” Yun said. “However, we have the ongoing situation of more buyers than sellers in the market, so lower sales will help to take the pressure off home price growth and allow them to rise slowly at a single-digit growth rate in 2014.”

The national median existing single-family home price increased by 12.5 percent year over year to $207,300 in the third quarter, the strongest year-over-year gain since the fourth quarter of 2005 when it shot up 13.6 percent, according to the trade group.

In the second quarter, the median price reportedly rose 12.2 percent year over year.

- See more at: http://www.inman.com/2013/11/06/home-prices-post-highest-annual-gain-in-nearly-8-years/#sthash.8XLrp2Sg.dpuf

Home prices in most metropolitan areas grew significantly in the third quarter, with the national median price rising at its fastest annual clip in nearly eight years, according to the National Association of Realtors (NAR).

During the same period, existing homes sold at the fastest annual rate recorded in more than six years, according to NAR’s latest quarterly report on metro area median prices and affordability.

Despite the robust price growth, NAR estimated that potential buyers still had adequate income in most areas to purchase a home in the third quarter. Nonetheless, market momentum is changing, according to Lawrence Yun, chief economist at NAR.

“Rising prices and higher interest rates have taken a bite out of housing affordability,” Yun said. “However, we have the ongoing situation of more buyers than sellers in the market, so lower sales will help to take the pressure off home price growth and allow them to rise slowly at a single-digit growth rate in 2014.”

The national median existing single-family home price increased by 12.5 percent year over year to $207,300 in the third quarter, the strongest year-over-year gain since the fourth quarter of 2005 when it shot up 13.6 percent, according to the trade group.

In the second quarter, the median price reportedly rose 12.2 percent year over year.

- See more at: http://www.inman.com/2013/11/06/home-prices-post-highest-annual-gain-in-nearly-8-years/#sthash.z8VaTdoD.dpuf

Kirkland Housing Market Slows A Bit!

Higher home prices, interest rates and low inventory impacted real estate sales activity in Kirkland in August. according to statistics just published by the Northwest Multiple Listing Service, pending sales (contracted, not yet closed) were down 7% for August compared to July. However, pending sales were a significant 40% higher than they were in August one year ago.

The inventory level for single family homes remained at 1.8 months of supply, a low level and one which indicates we are still in seller’s market. The median price was slightly lower at $534,000.

The condo market was a little stronger, with pending sales higher by 6% over July levels and 40% higher than one year ago.

Condo inventory edged higher to 1.3 months of supply, but is at low levels. The median condo price was slightly lower at $240,000.

It remains to be seen how the combination of higher home prices AND higher interests will impact Kirkland home sales. I suspect it will slow the market to more of a normal pace. Sellers will need to be a bit more patient and more realistic with prices. The good news for buyers is there is less competition for homes and they are less likely to face multiple offer scenarios.

Waste Watchers Program for Kirkland!

Take the Waste Watchers Pledge.
Reduce your waste and your garbage bill.

This summer, the cities of Bothell, Kirkland, and Redmond are partnering with Waste Management to bring their residents a new waste reduction program called Waste Watchers.
To make a positive impact on the environment they are asking residents to take a pledge to reduce. Great ideas to share with your kids. Here are the ways you can make an impact:

RECYCLE MORE & SAVE MONEY

Review my city’s Recycling Guide – Bothell, Kirkland, Redmond
— (Guides are in Acrobat format)

Check out my city’s recycling events – Bothell, Kirkland, Redmond

Look in my garbage for recyclable items

Bring unwanted or expired medicines to a takebackyourmeds.org drop-off

Bring Household Hazardous Waste to a King County HHW drop-off

Use King County’s ‘What Do I Do With’ website for more recycling options

WASTE LESS & SAVE MONEY

Bring reusable bags and containers when I shop

Use a reusable water bottle

Drink coffee from a reusable mug

Think twice before printing

Print double sided

Pack lunches in reusable containers and bring cloth napkins and silverware

Donate old magazines to charities, doctor’s offices, hospitals, schools or
___my local gym

SHOP SMART & SAVE MONEY

Think twice before buying anything

Before making a purchase, consider how well a product is made and how many
___times I plan to use it

Check out garage sales, thrift stores, consignment stores and online exchanges
___before purchasing new items

Plan meals without waste

Shop at my local farmers market

Buy groceries in bulk quantities, using reusable containers

Opt out of unwanted junk mail, catalogs and phone books

Visit the King County Library to borrow books, magazines, DVDs, and CDs
Guess I better get those reusable bags in my car. Let me know if you have other great things you do too!

High Mortgage Rates Will Help the Housing Market

FORTUNE – Mortgage interest rates have been rising on signs that the
U.S. economy is improving. Last week, the 30-year fixed rate reached the
highest level in more than six months, climbing to an average of 3.63%,
compared with 3.52% the previous week and 3.92% a year earlier. The
current rate is the highest it’s been since the week of Aug. 23 when the
30-year fixed rate averaged 3.63%, according to Freddie Mac.

With economic prospects improving, rates could rise even higher this
year. This increase could mathematically make buying a home more
expensive, but it’s unlikely to stall the housing recovery. To the
contrary, higher rates could actually support it.

For the past few years, mortgage rates have sunk to new lows as the
Federal Reserve continues to buy up hundreds of billions of dollars
worth of bonds. The policy is meant to get everyone from investors to
consumers to borrow and spend more. While it has driven many homeowners
to refinance existing home loans, it hasn’t spurred nearly as many
mortgages for home purchases. In 2012, refinances made up 71% of all
mortgage originations, according to the Mortgage Bankers Association, a
group that tracks mortgage rates and home loan trends.

Home sales last year rebounded more than most ever thought. Even if mortgage rates edged higher, the recovery could last for a few reasons.

For one, those who’ve been eyeing to buy a home may finally pull the
trigger once they realize that borrowing is still cheap and it would be
wise to lock in today’s mortgage rate
rather than wait and see where rates could fall tomorrow or months from
now, says Andrea Heuson, finance professor at the University of Miami.
“It could bring serious purchases back to the market.”

To be sure, the Great Recession has proven that mortgage rates have
almost no influence over home prices. And so the sustainability of the
housing recovery will depend more on factors such as jobs growth than the cost of taking out a home loan.

If anything, slightly higher rates could reflect that slightly more
risky borrowers are being offered credit following years of tighter
lending standards. And this could be a good thing, says Barney
Hartman-Glaser, real estate finance professor at Duke University.

“Although important, rising interest rates alone are not enough to
slow down the housing recovery,” says Hartman-Glaser, adding that “my
sense is that underwriting standards are getting easier to satisfy, and
so we would expect rates to rise as slightly more risky borrowers are
brought into the fold.”

However borrowers interpret higher rates, the increase ultimately
reflects an improving economy. Which, in turn, is something that would
support the housing recovery rather than stall it. Investors have
increasingly turned to riskier investments since the start of the year.
The stock market has reached new highs, making bonds look less attractive and therefore pushing mortgage rates higher.

Heuson adds the rise in mortgage rates coincides with growing demand
for loans across U.S. businesses – a marked turnaround from the dark
days of the financial crisis and subsequent economic recession. At the
end of January, commercial and industrial loans stood at more than $1.5
trillion, up more than 12.5% from a year earlier. What’s more, the
current level is more than 75% above the low point of $870 billion in
mid 2004, according to Federal Reserve statistics.

“From that perspective, the recent increase … bodes well for the
future of the U.S. economy,” Heuson says, adding that when businesses
borrow more, that will typically boost the economy in all kinds of ways,
from spurring jobs growth to raising consumer confidence.

And last but not least, it could encourage more home sales.

Helping Families in Need!

I wanted to share one of my passions with you. That is helping families in my community that are homeless or in financial crisis. I am the Redmond Windermere Office Foundation Rep and am the VP on the board of KITH- a non-profit charity. Both help families who find themelves in these situations. Please join me in helping these families, some that are living on the streets, some are living in their cars or couch surfing. Yes, these are people all over the Eastside. Did you know there are 27,000 students who are registered as homeless? And that the on Jan 24th volunteers discovered 2,736 people that were
homeless throughout King County. That is up 142 from last year, and the
2012 count was on a clear night. This does not include the shelters or
tent cities. So much work yet to be done…

Join us March 8 for the
4th Annual Fighting Homelessness Luncheon to benefit KITH programs
helping homeless families gain stability and self-sufficiency.
Register today at www.kithcares.org/news/luncheon-reg.htm.
Thank you to presenting sponsor Fix Auto Bellevue, Honoray Chair King
County Councilwoman Jane Hague, Emcee KING5 Television Traffic Anchor
Tracy Taylor, keynote speaker Dr. Joseph Castleberry, author Your
Deepest Dream and President of Northwest University, and KITH client
speaker Solomon Metalwala, father of Maile and Sky.

For more info or to register go to:
http://www.kithcares.org/news/luncheon.htm

Thanks you so much for anything you do to help people in need in our community!

Homlessness A Huge Issue In Our Community!

As you may know I devote a lot of my time to work charities dealing with families in financial crisis and homeless families. I am a Windermere Foundation Rep and also the VP on the board of KITH who owns 32 units of transitional housing on the Eastside of Seattle. It is a huge problem to which we talk all the time about how we can make a bigger difference.
Here is the lastest report from the Seattle/ King county Coalition on Homelessness.
www.homelessinfo.org
2,736 people in King County had no shelter last night

This year’s count shows slightly more people lack basic shelter

January 25, 2013
The One Night Count of homeless people in King County took place early this morning.

Findings
2,736 men, women and children had no shelter in King County last night, a small increase over those
found without shelter last year. Last year, volunteers found 2,594 people surviving outside without
shelter.

Methodology
Teams of volunteers with trained leaders are dispatched from ten locations throughout the county to
count every person they see outside overnight on one night in January. Approximately 800 volunteers
counted people trying to survive in cars, tents, all night buses, hospital emergency rooms, or
curled up in blankets under bridges or in doorways.

The Seattle/King County Coalition on Homelessness, an independent coalition of organizations and
individuals that works on homelessness issues in our region, organizes the count, now in its 33rd
year.

“The One Night Count is a humbling experience,” said Coalition Executive Director Alison Eisinger.
In her seventh year of leading this effort, she reflected, “This morning we are especially reminded
that everyone should have a place to call home. The Count is a call to action each January—the
beginning of a full year of education and action for all of us who care about this crisis.”

Why does the Count take place?
The primary purpose of the One Night Count is to document how many people lack basic shelter; it
does not include those who are staying in shelters and transitional housing, who are counted
separately. Many communities across the country participate in such “point-in-time” counts. The
data inform elected officials and planners at all levels of government about the extent of
homelessness in their community.

In 2005, a regionally adopted Ten Year Plan to End Homelessness was launched to address the needs
of those who lack shelter. Since then, more than 30,000 people have left homelessness and more than
5,000 new housing units have been created for people who were once homeless. “While we are creating
housing and preventing homelessness for thousands of people each year, we cannot ignore the
continuing level of need as evident in today’s count,” said Gretchen Bruce, Acting Director for the
Committee to End Homelessness. “The One Night Count demonstrates the important role of our state
and federal partners to secure resources to address the crisis of homelessness.”

How can you help?
Visit www.homelessinfo.org to find out how you can:
• Attend a free “Homeless Advocacy 101” workshop on Feb. 9: learn about the issues and speak up
• Volunteer for an organization that addresses the needs of homeless people or,
• Support the Coalition’s work through a financial donation. Donations this month will be
matched, up to
$7,000, providing a unique opportunity to double the impact of your gift.

The Seattle/King County Coalition on Homelessness is an independent coalition of organizations and
individuals who work every night and day to ensure safety and survival for people while they are
homeless. We advocate year-round for good housing and services, smart policies, and robust
investments necessary to end homelessness.
CONTACT
Nicole Macri: office 206.515.1514 / cell 206.313.3751 / nmacri@desc.org

Energy and Money Savers!

9 Unexpected Energy (and Money) Savers

Here are a few surprising and simple ways to cut your energy bill this season.

Put lamps in the corners: Did you know you can switch to a lower wattage bulb in a lamp or lower its dimmer switch and not lose a noticeable amount of light? It’s all about placement. When a lamp is placed in a corner, the light reflects off the adjoining walls, which makes the room lighter and brighter.

Switch to a laptop: If you’re reading this article on a laptop, you’re using 1/3 less energy than if you’re reading this on a desktop.

Choose an LCD TV: If you’re among those considering a flat-screen upgrade from your conventional, CRT TV, choose an LCD screen for the biggest energy save.

Give your water heater a blanket: Just like you pile on extra layers in the winter, your hot water heater can use some extra insulation too. A fiberglass insulation blanket is a simple addition that can cut heat loss and save 4% to 9% on the average water-heating bill.

Turn off the burner before you’re done cooking: When you turn off an electric burner, it doesn’t cool off immediately. Use that to your advantage by turning it off early and using the residual heat to finish up your dish.

Add motion sensors: You might be diligent about shutting off unnecessary lights, but your kids? Not so much. Adding motion sensors to playrooms and bedrooms cost only $15 to $50 per light, and ensures you don’t pay for energy that you’re not using.

Spin laundry faster: The faster your washing machine can spin excess water out of your laundry, the less you’ll need to use your dryer. Many newer washers spin clothes so effectively, they cut drying time and energy consumption in half—which results in an equal drop in your dryer’s energy bill.

Use an ice tray: Stop using your automatic ice-maker. It increases your fridge’s energy consumption by 14% to 20%. Ice trays, on the other hand, don’t increase your energy costs one iota.

Use the dishwasher: If you think doing your dishes by hand is greener than powering up the dishwasher, you’re wrong. Dishwashers use about 1/3 as much hot water and relieve that much strain from your energy-taxing water heater. Added bonus: you don’t have to wash any dishes.