News For Reasonable People

Here's the Seattle Real Estate Market Update for April 2020. Don't believe the Seattle Times!!! -Fake News!! Find out how the Seattle Real Estate Market did during the month of April, our first full month of data during the pandemic.   Join Sean Reynolds, owner of Summit Properties NW & Reynolds & Kline Appraisal as he discusses the NWMLS stats and the impact of the stay at home...

After we reopen the economy, the real test begins for the United States of America.  How many small businesses won't even make it to the starting line of reopening? And then how many will give up after they assess too much damage has been done?   Consumers may not come back initially during the initial stages of reopening.  At least not enough to support all the small businesses that have bee...

The reopening of restaurants and bars is happening ever so slowly in the state of Washington.  Join small business sports pub owner Dan Flitsch as he talks with Sean Reynolds about navigating the Governor Inslee plan for reopening in Washington State.   Bars and restaurants were one of the earliest businesses that were closed per governmental orders to slow the spread of the virus. And they will b...

Big changes are happening in the mortgage loan industry. Real estate lending is happening so quickly that you need an industry expert to help you keep up to date. Join industry expert Dan Chapman of Fairway Independent Mortgage as he talks with host Sean Reynolds and covers what you need to know on this episode of the Seattle Real Estate Podcast. Support the show 🛍️ Merch - https://Store. Reasonab...

Real Estate can return back to new normal - we have the approximate timeline in Washington State. Join Sean Reynolds as he interviews Oscar Hailar of the Hailar Home Team on The Seattle Real Estate Podcast.  Find out what things Oscar is doing to prepare for when the real estate market goes back to "usual".   Support the show 🛍️ Merch - https://Store. ReasonableTV.com/ 🌟 Go PREMIUM with...

The real estate closing process has changed due to the shutdown.  Find out what title and escrow companies are doing to keep real estate closings happening. Join Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he discusses escrow and title during the shutdown with Chris Hall of Rainier Title and Escrow on this episode of the Seattle Real Estate Podcast. Support t...

Working from home is one of the effects of the stay home-stay safe shutdown.  The question is: How many people will continue to do it when the shutdown ends and the crisis fades? In the past, remote employees have had a bad reputation. Many employers believed their workforce would be too easily distracted working from home. Remote work was very rare a decade ago. Working from home was usually only...

Lump-sum payments are NOT required as part of the CAFES Act on mortgage forbearance.   Maybe you've lost your job and are not in a position to pay your mortgage.  Your lender has said you will need to make a lump sum payment at the end of your forbearance period.  Is this true???   With businesses shut down, people at home, and 26 million people requesting unemployment for the first time ther...

Why aren't home prices dropping on a national basis?  How can this be with 26 million Americans unemployed?   With businesses shut down, people at home, and restrictive social interaction on real estate transactions it seems like prices should be dropping.  But are they are not.  Join Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he discusses what is happe...

The eviction moratorium in Washington State has been extended until June 4th, 2020.  What does this mean for Washington tenants and their landlords???  Join Sean Reynolds of the Seattle Real Estate podcast as he discusses the implications of this order.     Gov. Jay Inslee expanded protections for renters as the shutdown continues to impact the finances of Washingtonians statewide. “It is clear th...

The paycheck protection program ran out of its initial $359 billion. The second round of funding has been secured by the federal government. With millions of Americans unemployed and small businesses everywhere teetering on insolvency when can we expect these Small Business Administration loans to go through and get funded? Daily Seattle Real Estate Podcast during the shutdown. Welcome to the Seat...

What is the plan for reopening Washington State? At this point, it doesn't feel like we have one. Our economy is shut down. Hundreds of thousands of people are unemployed in our state.  People aren't able to make their mortgage payments or rent. Businesses are closing, some permanently. We need more than a statement from our governor that we are relying on science to make our decisions....

The price of oil for futures contracts in May absolutely tanked. To the point, the price of a barrel closed -$37.63 on the day. Future sellers are paying buyers at that pricing to take the contract. That's insane, what is going on? The formerly unthinkable drop in oil prices below $0 a barrel on Monday is still reverberating through financial markets, as supply overwhelms demand destroyed by...

Are Seattle Real Estate prices dropping finally?? With businesses shut down, people at home and restrictive social interaction on real estate transactions it seems like prices should be dropping. But are they??   Join Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he discusses what is happening with pricing in Seattle on this episode of the Seattle Real Estate P...

Should I buy a house now is a favorite question during the shutdown. Can I get a good deal?? Is it possible to even buy a home with all the restrictions in place? Will home prices go down? Buyers who are braving the real estate market buying process are finding far less competition from other buyers. But there's also a lot less inventory. Both mortgage rates and housing inventory were low goi...

What will it be like reopening America after the shutdown? What new restrictions will be in place?  How will this all go??  Let's take a look at what some of the states are proposing for their reopening. Reopening American small businesses, bars, and restaurants after the shutdown will be a tricky thing to do.  Stop the spread but let critical businesses get going again.  How will it all go d...

When will we know the housing market is rebounding??  Here are 5 signs that will be good indicators that we are on the road to recovery.  Join Sean Reynolds of the Seattle Real Estate Podcast as we talk about what to look for in the coming months to signal things are heading back to normal. 1. Flatten the Curve NOT the Economy The first sign that will indicate that the economy has the ability to t...

Join small business bar owner Dan Flitsch as he talks with Sean Reynolds about navigating the Coronavirus shutdown. Bars and restaurants were one of the earliest businesses that were closed per governmental orders to slow the spread of the virus. Dan Flitsch is the owner of the Savage Moose Sports Pub in Kenmore and also the Off The Rails Sports Pub in Bellevue, WA. Dan gives an honest description...

Here's your Seattle Real Estate Market Update and predictions for Spring and Summer of 2020.   Will the current shutdown of the economy result in thousands of short sales and foreclosures? Will real estate take a huge price hit? Will our spring real estate market get shifted to Summer?   No matter what, keep listing and watching to the Seattle Real Estate Podcast. We are daily live podcasting...

Get your mortgage news update with Dan Chapman of Fairway Independent Mortgage.   Are lenders tightening up their standards??  Will it be harder to get a loan in the very near future?  What will mortgage forbearances do to the mortgage market?? Daily Seattle Real Estate Podcast during coronavirus.  Welcome to the Seattle Real Estate Podcast - Mortgage rates and market update with industry expert D...

When America Reopens - what it will look like -  you are already thinking about it.  A lot. What will happen Day 1 of our return to "normal"? More than likely there will still need to be some social distancing in effect.  The virus will still be spreading and taking lives but at a slower pace.     Businesses will be staggered opening back up.  Will restaurants and bars be able to open ba...

Is mortgage forbearance something to look into if you can't pay your mortgage? So many people have lost their jobs with the shutdown of the US economy. Maybe you can't make your payment?? You've heard about possible mortgage relief options with your lender. Mortgage forbearance simply means you delay your current payments for a set period. In this episode of the Seattle Real Estate...

We recently passed the $2.2 Trillion CARES Act and for the first time ever, real estate brokers who are independent contractors are included and can get federal money under the Payroll Protection Program (PPP) and also the EIDL (Economic Injury Disaster Loan). Real Estate agents can get federal money for lost real estate commissions under the PPP.  Applications will be taken for independent contra...

Why a Recession Prediction in 2020 is inevitable, it's already happening! How long will the 2020 recession go and how deep will it be?  A recession is defined as 2 quarters in a row of declining gross domestic product economic numbers. Quarter 2 will be a bloodbath with the US economic machine at a virtual standstill.  Will the $2.2 trillion stimulus package throw small business a lifeline an...

Back to work on May 5th, that is the latest word from Washington State Governor Inslee.  The Stay at home Order has been extended an additional week. This time frame is one week later than the national guidelines that have been extended to the end of April.   Is May 5th too soon??? Should we be going back to work and resuming our daily schedules while the coronavirus is still alive and infecting p...