Is there an ongoing Homeowner Exodus in Seattle with residents leaving for areas with more freedom and better governmental leadership?

Join host Sean Reynolds of the Seattle Real Estate Podcast as we discuss what is happening in Seattle right now.  

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Governor Inslee has restricted activities in multiple phases on top of freezing all phases in the foreseeable future.   

Join host Sean Reynolds of the Seattle Real Estate Podcast to discuss Inslee's recent changes which go into effect July 30, 2020. 

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Governor Inslee of Washington State has extended the rent eviction moratorium through October 15, 2020.  

Join Sean Reynolds of the Seattle Real Estate Podcast as he covers this new development. 

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Robinhood traders may be left holding the bag of unwanted Gap stock as Kanye West threatens to back out of their deal.  

GAP stock surged 40% when news broke of professional hyphen Kanye West‘s exclusive 10-year deal with the retail fashion giant last month, a story that attracted more than 84,000 Robinhood traders to add $GPS to their portfolios.

As hype surrounding the partnership cooled, GAP stock would fall more than 20% from its $14.44 peak. Now, more than a month later, West’s relationship with GAP has again influenced the company’s stock price; it sank 6% on Monday morning after West threatened to walk away from the deal during an appearance at an event on Sunday night.

This put GAP stock down more than 26% for the year-to-date.

But while West apparent influence over GAP’s share price might concern potential investors, it’s the tens of thousands of Robinhood traders who are at immediate risk of being stuck “holding the bag” — a term for those unfortunate souls that stubbornly hold onto an investment that depreciates massively in value.

To get a better idea of how many Robinhood traders were attracted by West’s 10-year Yeezy deal with GAP, Hard Fork analyzed the company’s stock movements against the popularity data provided by Robintrack.

Updated hourly, Robintrack provides the number of Robinhood users holding a stock at any point in time. While it doesn’t tell us how many shares a user owns, or their trade position, it does provide an idea of the general sentiment of the Robinhood userbase overall.

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How does Jeff Bezos of Amazon net worth go up by $13 Billion in one day?

Find out with host Sean Reynolds of the Seattle Real Estate Podcast. 

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Housing performance correlates with workers who live in cities with work from home situations.  The more you can work from home, the better those cities' housing appreciation has been. 

How a city’s housing market fares amidst the COVID-19 pandemic correlates largely to the industries that fuel its economy, a recent report has found.

Home co-investment company Unison recently released its first Resilient and Vulnerable Cities report, in which it used data to predict which U.S. cities will likely see housing prices suffer. On the flip side of that, it also identified which cities will likely see housing prices stay stable or rise.

The report found that “resilient” cities have higher job concentrations in sectors like financial services and information technology, which have adapted to a work-from-home market environment. Job losses in those cities have not been as dramatic.

“Vulnerable” cities have high concentrations of jobs in sectors like retail, manufacturing, and hospitality. These cities have experienced severe levels of job loss due to the current pandemic.

Boston was ranked the most resilient U.S. city with numerous prestigious universities and hospitals among its top employers. It’s also home to some of the world’s largest insurance and investment management companies. Beyond education, healthcare, and financial services, Boston also has strong employment representation from biotech, technology, and government sectors, the report noted. 

It was followed by Washington, D.C., and then New York City (its five boroughs) and San Francisco in terms of resilience.

Las Vegas was ranked most vulnerable. With the highest concentration of construction (7.7%) and leisure & hospitality (31.8%) jobs, Las Vegas leads all cities in at-risk sector employment share (62.6%) and is most likely to see the weakest home price performance, according to the report. 

Las Vegas was followed by Miami, Detroit and San Diego in terms of vulnerability.

I hopped on the phone with Brodie Gay, Unison’s vice president of research, who said some of the cities were a surprise.

For example, “A big component of San Diego’s economy is very discretionary and tourist-related,” he said. “Some areas of the city are very resilient and some are very vulnerable, depending on the part of the city.”

But unsurprisingly, both Las Vegas and Florida have seen dramatic increases in COVID-19 cases. So it’s not shocking that the two – which also are very reliant on tourism – made the top four of most vulnerable cities.

Anecdotally, Gay pointed out that some of the more resilient cities also happen to be “ones that have the polit

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Update on mortgage rates, mortgage restrictions, where interest rates are heading - All on the Seattle Real Estate Podcast with host Sean Reynolds.

Join guest Dan Chapman of Fairway Independent Mortgage as he talks us through current market conditions.

E-Mail: [email protected]
Phone: (425) 503-3209
Website: https://www.fairwayindependentmc.com/Dan-Chapman

- Dan Chapman - Mortgage Loans Made Easy
With over 17 years of experience as a professionally licensed Mortgage loan officer, in WA, CA & CO.

Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.

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Will the eviction moratorium be extended as our unemployment persists and the economy tries to open back up.  

Join host Sean Reynolds of the Seattle Real Estate Podcast as he discusses what's going on with rent moratorium and also eviction moratoriums. 

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Some experts predict a housing bubble will burst in 2020.  Some experts indicate the Housing Market tanks in 2020. 

Will there be short sales???  Will there be bank-owned properties???

Find out from host Sean Reynolds of the Seattle Real Estate Podcast as he walks through the dynamic of what's going on with the housing economy.

- Dan Chapman - Mortgage Loans Made Easy
With over 17 years of experience as a professionally licensed Mortgage loan officer, in WA, CA & CO.

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Minimum wage earners in the United States can't afford even a 1 bedroom apartment.  

Full-time minimum wage workers cannot afford a two-bedroom rental anywhere in the U.S. and cannot afford a one-bedroom rental in 95% of U.S. counties, according to the National Low Income Housing Coalition’s annual “Out of Reach” report. 

In fact, the average minimum wage worker in the U.S. would need to work almost 97 hours per week to afford a fair market rate two-bedroom and 79 hours per week to afford a one-bedroom, NLIHC calculates. That’s well over two full-time jobs just to be able to afford a two-bedroom rental.

Join host Sean Reynolds as he discusses the housing affordability crises in the United States. 

- Dan Chapman - Mortgage Loans Made Easy
With over 17 years of experience as a professionally licensed Mortgage loan officer, in WA, CA & CO.

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