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Jamie Penrod
&
Matt Llewellyn

Renaissance Real Estate, LLC
jamielpenrod@gmail.com
matt@renaissance-re.com
18302 45th ST E,
Lake Tapps, WA 98391
206-697-3640/206-290-2204

 

 

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Renaissance Real Estate, LLC
A New Beginning

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Meet our Office!

Tara Weed~ Linsey Collier & Kevin Austin~Rebekah Stoltenberg~Angela Simons~Elise Hughes~Sherry Bloomstroom~April Moore~Tami Potts
 

Jamie Sweetser, Transaction Coordinator
 


We set the highest standard for meeting and exceeding our clients' expectations, and we always look for ways to further improve the client relationship. We provide expert, market-current, customized information that is tailored to each and every client's individual and specific needs. 

We take pride in educating our clients, allowing them to make informed decision that are good for them. We are focused on the outcome that is best for all involved, rather than the outcome that benefits us the most. 

We are expert negotiators. If there is a deal to be done, we get it done. We exhaust all options to get a property purchased or sold for our clients. We believe that deals are created, not found, or simply happen to come by. 

We are problem solvers and will work hard for you. We go the extra mile for our clients in and out of the scope of the real estate transaction. We are here to help - we are completely honest and transparent in our communication. We are not afraid of the "hard" conversations, and keep you informed along the way—checking in with you each week until your objective is met. 

We believe a person's reputation is not something that you have to say you have, but something others tell you about. Check out our reviews in the reviews tab. Allow US the opportunity in finding you your dream home!

For more reviews check out our Zillow page at: https://www.zillow.com/profile/jamiepenrod/


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Real Estate News!!!

Latest Realty News from NAR

Workforce Migration and Affordability: A Closer Look

The workforce is moving to less affordable areas.

– In the last 12 months, more than 1.7 million LinkedIn members who lived in the 20 largest metropolitan areas moved from a more affordable place to a less affordable place.

– Denver, San Francisco and Seattle were the top destinations for LinkedIn members.

Although housing affordability is still weakening in many local areas, particularly in the West, as a result of the ongoing supply and demand imbalances, a NAR analysis shows that many workers are actually moving to less affordable areas such as San Francisco and Seattle. According to LinkedIn migration data[1], more than 1.7 million LinkedIn members[2] moved to a less affordable area in the last 12 months. In 13 of the largest 20 areas, a majority of the workforce moved from a less expensive place to a more expensive place.

For instance, the San Francisco area was the most popular destination for workers moving from Detroit. More than 36,000 LinkedIn members from Detroit moved to the San Francisco area in the last 12 months. Based on the REALTORS® Affordability Distribution Curve and Score (RADCS), the affordability score for Detroit was 0.95 in September 2018 while the affordability score for the San Francisco area was 0.48. But what does this mean? The higher the score, the more affordable the area is. For example, a household earning $100,000 in Detroit can afford to buy 72% of homes currently listed for sale while the same household can afford to buy only 8% of homes for sale in San Francisco area.

San Francisco was also the top destination for workers from Philadelphia. Although Philadelphia is more affordable than San Francisco, nearly 27,000 LinkedIn members moved from Philadelphia to San Francisco in the last 12 months. The visualization below allows you to compare the affordability of the area of origin with the affordability of the destination area. Among the 20 largest areas, see in which areas workers decided to move to a less affordable place. Please bear in mind that the higher the score, the more affordable the area is.

While people in general are moving less these days, we also see that fewer people move for an employment-related reason. However, due to a strong economy, it seems that people get better jobs and decide to move to the most attractive areas across the United States.  The good news is that new construction is increasing even in areas with serious housing supply issues. For example, the three-year issuance of single-family permits increased 2 percent in the San Francisco metro area. Based on the NAR Housing Shortage Tracker, when we compare permit issuance with employment growth, we see that in November 2018 a single-family permit was issued for every 12 new jobs compared to 15 jobs in November 2017.


[1] LinkedIn Workforce Report (October 2018).

[2] From the 20 largest areas as far as LinkedIn membership.

In Which States Did Properties Sell Quickly in September 2018?

In a monthly survey of REALTORS®, respondents reported that properties were typically on the market for 32 days (34 days on year ago), according to the  September 2018 REALTORS® Confidence Index Survey.[1]  However, the difference in median days in the current month compared to the same month last year has started to narrow as homebuying demand has eased and the inventory of homes for sale has slightly increased. In January and February of this year, properties were selling about one week less compared to the length of time in the same period one year ago.

During the July–September 2018, properties typically sold within one month in 27 states (32 states in August 2018).  Properties sold most quickly in South Dakota (20 days), Idaho (21), Washington (21 days), Rhode Island (21 days), Indianapolis (22 days), Kansas (23), Massachusetts (23), Ohio (23), Utah (23), Colorado (24), Nevada (24), Nebraska (24), Maine (24), and Michigan (24).  

That properties are still selling faster compared to one year ago is an indication that the supply of homes for sale is still inadequate compared to the demand for homes. Based on the REALTORS® Seller Traffic Index[2], home selling conditions were “weak” during July, August, and September 2018 compared to one year ago in the District of Columbia and in 28 states including California, Oregon, Colorado, New York, New Jersey, Massachusetts, Virginia, North Carolina, South Carolina, Georgia, Tennessee, and Florida.

 


[1] In generating the median days on market at the state level, NAR uses data for the last three surveys to have close to 30 observations. Small states such as AK, ND, SD, MT, VT, WY, WV, DE, and D.C., may have fewer than 30 observations.

[2] An index greater than 50 means that more respondents reported conditions relative to one year ago as “strong” than those that reported “weak.” Due to sampling, we categorize the index as “very weak” for 0 to 25; “weak” for values 25+ to 45; “stable” for values 45+ to 55; “strong” for values 55+ to 75; and “very strong” for values 75+.

September 2018 Housing Affordability Index

At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates rose to 4.77 percent this September, up 14.9 percent compared to 4.15 percent a year ago.

  • Housing affordability declined from a year ago in September moving the index down 8.4 percent from 160.1 to 146.7. The median sales price for a single family home sold in September in the US was $260,500 up 4.6 percent from a year ago.
  • Nationally, mortgage rates were up 62 basis point from one year ago (one percentage point equals 100 basis points).

  • The payment as a percentage of income was down to 17 percent this September but up from 15.6 percent from a year ago. Regionally, the West has the highest payment at 23.7 percent of income. The South had the second highest payment at 16.5 percent followed by the Northeast at 16.4 percent. The Midwest had the lowest payment as a percentage of income at 13.5 percent.

  • Regionally, the West recorded the biggest increase in home prices at 7.0 percent. The Northeast had an increase of 5.3 percent while the South had a gain of 4.2 percent. The Midwest had the smallest growth in price of 2.2 percent.
  • Regionally, all four regions saw a decline in affordability from a year ago. The Northeast had the biggest drop in affordability of 9.0 percent. The South had a decline of 7.3 percent followed by the West that fell 6.8 percent. The Midwest had the smallest drop of 5.8 percent.
  • On a monthly basis, affordability is up from last month in all of the four regions. The Northeast had biggest gain of 5.5 percent. The Midwest had an incline of 4.2 percent followed by the South with an increase of 2.3 percent. The West had the smallest gain in affordability of 1.9 percent.
  • Despite month-to-month changes, the most affordable region was the Midwest, with an index value of 185.3. The least affordable region remained the West where the index was 105.4. For comparison, the index was 151.4 in the South, and 152.3 in the Northeast.

  • Mortgage applications are currently down. Mortgage rates are rising and home price growth is starting to slow down. Despite higher mortgage rates, lower home prices and increases inventory levels will help renters and potential home buyers enter the housing market. Home prices are up 4.6 percent outpacing median family incomes that are growing 3.1 percent.
  • What does housing affordability look like in your market? View the full data release here.
  • The Housing Affordability Index calculation assumes a 20 percent down payment and a 25 percent qualifying ratio (principal and interest payment to income). See further details on the methodology and assumptions behind the calculation here.

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Testimonials Page

"Matt and Jamie were awesome! We were first time home buyers and gave us a great amount of information about the houses we visited. Matt did really well in pointing out different things in a house we did not see for ourselves. It was great working with someone experienced in the field because sometimes it got overwhelming. Both Jamie and Matt were very responsive in texts, emails, and phone calls. They always kept us up to date with the process of buying our first home. Would definitely recommend these two!" Chris V. ~ October 2018
Matt and Jamie were great to work with. They were responsive and quick to help with any need. They were informative about the process and what was happening at every stage. They provided referrals for different folk to get the house ready to show and promptly gave me any feedback received. While it was hard to leave a house I loved, they made the process itself easy. Thanks, Matt and Jamie Janet H. Sept 2018
What can I say about Matt and Jamie??? They are the ABSOLUTE BEST IN THE BUSINESS!!!! These fine outstanding people worked beyond the norms of a regular realtor, they became family for my wife and I. They stood by us in our picky phase and never would let us settle for anything other than perfect for us . They became more than just our realtors, they became life long friends and family !! John W.~ May 2018
Matt and Jamie were wonderful through every step of our home sale. The circumstances were difficult for our family due to the nature of selling my parents’ home when my father had recently passed away, but Matt and Jamie were kind, patient, knowledgeable, and supportive throughout the entire process. We would highly recommend them to anyone. Christine S~ June 2018
Great team! Very knowledgeable about the market and community. Excellent communication and incredibly accessible/ timely with responses. Professional and sincere with an appreciable balance of understanding our needs and assertiveness on our behalf. They will get it done! We highly recommend!!! Lucas H.~ June 2018
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