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Gerhard Ade covers Real Estate around Seattle and more.

For the past nine years, Gerhard Ade has published the "View from the Street" a monthly newsletter he writes for his clients and friends. Appearing at the end of each month, Gerhard covers not only real estate but other topics that are close to his mind and heart. To reach a broader audience, Gerhard posts each newsletter on ReSeattle.com. Don't miss what Gerhard has to say and subscribe to his "View from the Street" right here!

Should you buy a second home or a larger one?

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Second home or larger home?
Seattle Real Estate | Gerhard Ade

People on the move

The coronavirus pandemic continues to fuel the red-hot housing market nationwide.

According to Redfin, 14.5 million Americans will relocate in 2021. The main reasons behind this trend are low mortgage rates, expected to remain around 3% and below, and many employers allowing employees to work remotely.

People living in Seattle, are seeking to relocate to the Eastside and other Washington locations such as Bellingham, Spokane, and Wenatchee. Among my clients, one moved from Bothell to Idaho and another bought a second home in Eastern Washington.

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Creative real estate: the reason I keep going

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Creative real estate
Seattle Real Estate | Gerhard Ade

For the past 117 months, I’ve published this newsletter – nothing canned, no copy-and-paste stuff, everything from scratch. The average length is about 600 words and most of the visuals are homegrown, too. After the month-end email distribution to about 400 people, I post each newsletter here on my website – ReSeattle.com.

Creative real estate, is it possible?

Creative Real Estate
Adapt to new tools
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The beautiful magic happens behind closed doors.

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Magic behind closed doors
Seattle Real Estate | Gerhard Ade

The Christmas of my childhood was filled with magic. If there were any Christmas decorations in the public square I can’t recall them. I do remember, however, the door between my grandparents’ kitchen and the living room. About a week before Christmas it closed and stayed shut until Christmas Eve. 

That evening, after a week of growing anticipation, and after the last bite of carp and boiled potatoes, the little bell rang. It came from behind the door. In concert, a traditional German Christmas carol permitted me to open the door. 

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Is there really a real estate panic?

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Has the pandemic caused a real estate panic?

The pandemic has caused a real estate panic. The urban unrest hasn’t helped. Buyers are fleeing urban settings for the suburban life and beyond to rural areas. Some leave Washington State altogether. What they want are larger homes or second homes. This scenario plays out across the country.

Boston

“Anything right outside of Boston is going like wildfire, but especially the single-family homes. I’ve never seen bidding wars – I mean, you know, randomly here or there – but I’ve never seen bidding wars with consistency in the fall like I have this fall.”

Dallas

“Consumers working from home or schooling from home want more square footage since the home is more than just a home now, it’s a daycare, an office, a gym and a school. Pool permits in Frisco, a Dallas suburb, have gone up 400%.”

Denver

“People have been working this whole time at home, and they’re looking for bigger homes with maybe a little more land. So, they’re moving away from the downtown area. The suburbs are really getting busy. Some homes are bought sight-unseen.”

The complete quotes, cited above and edited only for brevity, can be found in this article from HousingWire.

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