W[REPORT] https://getthewreport.com Blog Thu, 16 Jan 2020 19:28:08 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 https://i0.wp.com/getthewreport.com/wp-content/uploads/2018/11/cropped-site_icon-1.jpg?fit=32%2C32&ssl=1 W[REPORT] https://getthewreport.com 32 32 156950321 Matthew Gardner – Will There Be A Recession in 2020? https://getthewreport.com/the-state-of-real-estate/matthew-gardner-will-there-be-a-recession-in-2020/ Thu, 16 Jan 2020 19:24:30 +0000 https://getthewreport.com/?p=2665

Windermere Chief Economist, Matthew Gardner, answers the most pressing question on everyone’s minds: Will there be a recession in 2020? Here’s what he expects to see.

This post originally appeared on the Windermere.com Blog.

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As Big Tech’s Eastside Presence Expands, Bellevue Preps for More Commuters https://getthewreport.com/local-economy/as-big-techs-eastside-presence-expands-bellevue-preps-for-more-commuters/ Wed, 15 Jan 2020 22:35:20 +0000 https://getthewreport.com/?p=2632

Incorporated in 1953, during the heyday for cars, Bellevue was originally built for the automobile.

Back then, planners designed wide six-lane arterials meant to move vehicles fast. The road grid creates 600-foot-wide superblocks on former farmland.

Now, tremendous growth is straining transportation. Traffic stacks up during afternoon commutes, and Interstate 405 slows to a crawl.

As Amazon, Microsoft, Google, and others grow their Eastside workforces, City staff anticipate a net gain of roughly 18,000 downtown jobs by 2025, joining the more than 52,000 people who currently work in the city core.

Roughly translated, this would boost employment higher than the current numbers in Seattle’s busy South Lake Union.

But local leaders acknowledge remaking a car-dominated landscape doesn’t happen overnight. The City aims to cut the share of downtown commuters who drive alone to work to about one-third by 2035, a reversal of today’s pattern where more than two-thirds drive alone.

To do this, they’re planning for trains, buses, bicycles, walking, vanpools — and maybe even autonomous vehicles — to keep people moving.

In past years, the Bellevue City Council voted to create a safer walking network by converting Sixth Street to a 60-foot-wide, tree-lined walking corridor and shortening a street to complete its circular Downtown Park.

Instead of narrowing six- and seven-lane streets with so-called road diets, Bellevue’s approach to reducing car-pedestrian conflicts relies on skybridges around Bellevue Square, and altering some traffic signals to give walkers a head start at intersections. Smaller streets include walker-activated amber flashers.

Large employers and city officials are also counting on the $3.7 billion Sound Transit East Link light-rail line — projected to serve 50,000 daily passengers when it opens in 2023 — to handle many of the new commutes.

New bike lanes on 108th Avenue Northeast serve a trickle of riders for now. More bike lanes are planned on Main Street. Just east of I-405, the 42 miles of abandoned BNSF railroad tracks are being redeveloped for bicycle riders and pedestrians as Eastrail, spanning from Snohomish to Renton.

Bellevue’s growth spurt won’t necessarily translate into massive public-transit ridership, however, at least in the short term. Private transit is adapting faster.

With aid from a $100 million federal loan, the city has created or widened 11 streets between Wilburton and the Spring District east of I-405 where REI’s headquarters, Facebook and other companies are locating.

That follows citywide spending of $5.5 million to equip 197 intersections with adaptive signals that continually re-time to move clusters of approaching vehicles.

And the permit paperwork for the planned 43-story Amazon tower shows 1,175 underground parking stalls (nearly double the 632 spaces in the current parking garage that this new tower will replace).

On I-405, the Washington State Department of Transportation (WSDOT) will build an express toll lane each direction between Renton and Bellevue, to open in 2024, along with exit-only lanes to clear departing drivers off the mainline.

The existing carpool lanes will be converted to a second toll lane each way. Sound Transit will follow with new bus-rapid transit and park-and-ride lots.

Finally, in perhaps its most lofty vision yet, The Grand Connection is a sprawling pedestrian and cyclist pathway that would stretch between Meydenbauer Bay Park on the west, through Main Street and downtown, and across the freeway to Eastrail. With a bridge or park lid above I-405, just south of the nearly completed Sound Transit rail bridge, design concepts show amphitheater steps, sculptures and a row of ginkgo trees.

Unlike the longer Burke-Gilman Trail in Seattle, the Grand Connection would encourage people to linger at cafes and parks. As a traffic-free shortcut, it would reduce the need to drive and park at downtown spots.

There’s no funding yet. Costs vary based on whether Bellevue builds a full park like Mercer Island has over I-90, or a thin bridge, for around $130 million.

A version of this article was originally posted on U.S. News by Michelle Baruchman

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2020 Housing Market Predictions https://getthewreport.com/the-state-of-real-estate/2020-housing-market-predictions/ Wed, 15 Jan 2020 22:34:54 +0000 https://getthewreport.com/?p=2636

The housing market heated up after the Fed turned dovish in 2019, and in 2020 the momentum is poised to continue, according to analysts.

Among the key housing market predictions for 2020: While house prices are expected to flatten, a mixture of economic growth, high employment and low interest rates should drive demand.

Housing stocks that have pivoted to entry-level homes amid continuing rising demand from millennials are expected to do well.

Housing Market Trends In 2020

A strong economic forecast, historically low interest rates, strong job growth and a regional shortage of homes for sale indicate the housing market in the Puget Sound region will remain healthy in 2020.

Windermere’s Chief Economist Matthew Gardner adds that while job growth did slow slightly in 2019 (and is predicted to slow down a bit more in 2020), unemployment rates have hovered around levels not seen since the late 1960s. All good signs for a strong housing market!

In addition to more millennials acquiring their first homes, CFRA Research’s Global Director of Industry and Equity Research Ken Leon also noted another key driver: baby boomers near retirement.

“They’re downsizing but not just to active adult communities, but also to smaller homes,” he said. “What is called a move-down choice. That is actually creating additional demand for new housing.”

Mixed Picture For Buyers

Realtor.com Senior Economist George Ratiu believes buying a home in 2020 will be a “mixed bag” for consumers.

“It will offer more opportunities for some as the supply of new homes begins to offset inventory pressure, interest rates remain reasonable and home prices flatten,” he said.

However, Ratiu does not think enough homes are being built to address the rapidly growing demand from millennials for entry-level housing.

Gardner agrees that the new-home market was pretty disappointing for most of 2019. “Land prices, labor and material costs, and regulatory fees make it very hard for builders to produce affordable housing. As a result, many are still focused on the luxury market where there are profits to be made, despite high demand from entry-level buyers.”

Builders are aware of this constraint, however, and Gardner predicts a shift as builders do their best to deliver more affordable housing. “I believe single-family housing starts will rise next year to 942,000 units. That’s an increase of 6.8% over 2019 and the highest number since 2007,” he said. “As the market starts to deliver more units, sales will rise just over 5%, but the increase in sales will be due to lower priced housing.”

Qualifying for a mortgage could be easier in 2020 as well, due to stabilizing prices and a relatively low rate.

Should You Buy A Home In 2020?

Buying a home is one of the most important financial decisions a person will make.

A key rule of thumb is to keep your debt-to-income ratio as low as possible. Your debt-to-income ratio is all your monthly debt payments divided by your gross monthly income. To get a qualified mortgage, the Consumer Financial Protection Bureau recommends a total debt-to-income ratio below 43%.

Another key metric to watch is the price-to-rent ratio, which is the ratio of median home prices to annualized median rent in a given location. As a general rule, ratios ranging from 1 to 15 are low, meaning it’s typically better to buy. Ratios from 16 to 20 are moderate, meaning the advantages of buying are less clear. And ratios of 21 and higher mean it is much better to rent.

San Francisco has the highest ratio in the U.S. at 50.11, according to analysis of Census data by Smart Asset. Los Angeles comes in at 38.59, New York at 36.83, and Seattle at 36.07.

However, I feel confident that 2019 will end with a slight rise in home sales.

“Home prices next year will continue to rise as mortgage rates remain very competitive,” Gardner says. “Look for prices to increase 3.8% in 2020 as demand continues to exceed supply and more first-time buyers enter the market. In the year ahead, I expect sales to rise around 2.9% and the share of first-time buyers to grow, making them a very significant component of the housing market.”

Should You Sell A Home In 2020?

If your home no longer matches your lifestyle, perhaps due to family changes or employment prospects, you may be ready to sell your home in 2020.

Forget about national housing market trends. If you’re thinking about selling a home, you want to know if there’s buying demand in your area.

In good news for sellers, the Puget Sound region continues to see strong demand. 2019 ended with a severe shortage of homes, capping six straight months of decline in our local market. Sellers throughout Western Washington can expect significant interest in new listings.

If you’re considering selling a home in 2020, don’t forget to think about your next one. If you’re upsizing to a bigger home, make sure you have enough equity in your current property to afford it and work with a realtor to prepare for buying and selling simultaneously.

See more of Matthew Gardner’s Predictions & Economic Insights for 2020:

2020 Real Estate Forecast

2020 Economic & Housing Forecast

2020 Mortgage Rate Forecast

Matthew Gardner answers “Will There Be a Recession in 2020?”

 

A version of this article was published on Investor’s Business Daily by Michael Larkin. 

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New Smart Mailbox Aims to Deter “Porch Pirates” https://getthewreport.com/architecture/new-smart-mailbox-aims-to-deter-porch-pirates/ Wed, 15 Jan 2020 22:31:58 +0000 https://getthewreport.com/?p=2624

There’s sadly no denying that the Greater Seattle area region, ranked fifth in Safewise’s “Top 10 Major Metros for Package Theft” list and second in “Amazon package stolen” Google searches, is rampant with “porch pirates” (thieves who target homes and steal packages left on doorsteps). 

Now, a smart mailbox is looking to help residents in the Puget Sound region keep their deliveries safe.

Danby Appliances has announced the Greater Seattle Area will be their U.S. launch site of its new Parcel Guard Smart Mailbox.

With this new theft-resistant mailbox, delivery drivers and mail carriers will be able to place packages in an anti-theft drop slot. Danby Parcel Guard locks the slot and sends a notification through the Parcel Guard app that the package is secure. Additional features include wireless connectivity for up to five users on Apple iOS and Android devices, a live motion-activated IP camera, two-way voice communication, tamper alarm, and weight monitor.

Danby Parcel Guard was named a Product of the Year in Canada, one of the Top 5 Most Innovative Products at the Consumer Electronics Show earlier this year, and a Global Innovation Award runner-up from the International Housewares Association.

In the Puget Sound region, Danby Parcel Guard can be found online at mass market and specialty retailers, including Amazon, Best Buy, Costco, Home Depot, Wayfair, and danbyparcelguard.com.

This was originally posted on 425 Business by Antoinette Alexander. 

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Use Seattle’s New Data Portal to Track Housing Affordability, Stats, & More https://getthewreport.com/architecture/use-seattles-new-data-portal-to-track-housing-affordability-stats-more/ Wed, 15 Jan 2020 22:31:30 +0000 https://getthewreport.com/?p=2629

The City of Seattle recently unveiled Performance Seattle: a website where residents and government employees can dig into what’s going on in our city and see how well Seattle is performing.

The site currently houses seven dashboards, tracking the city’s performance on everything from basic services to housing affordability to homelessness. It illustrates the city’s progress with data visualizations like graphs, maps and charts as well as written reports.

While all this information was publicly accessible before, the new site brings it all together in one accessible place.

The launch of Performance Seattle follows months of criticism about how the city has handled the housing and transit crises associated with its rapid growth as one of the biggest tech hubs in the country. 

Taking inspiration from cities like Boston and Chicago, which both launched similar portals in 2017, this site was created to make sure the city gets things done. According to a press release, Performance Seattle will ensure that the city meets specific goals, like its commitment to repair 80 percent of potholes in 30 days and have the police department respond to 100 percent of its Priority 1 calls. It’s centered around accountability.

This launch is a product of months of work by the Seattle Innovation and Performance team and was developed in collaboration with more than 150 city staff. The city has also been working with Results for America and What Works Cities, which recognized the city for its use of data in city government.

Explore the complete database here

This was originally posted on builtinseattle.com by Ellen Glover.

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Local Happenings: Jan-Feb 2020 https://getthewreport.com/happenings/local-happenings-january-2020/ Wed, 15 Jan 2020 22:31:02 +0000 https://getthewreport.com/?p=2597

WA State Parks Free Day

January 20th

Explore the natural winter wonderland of one of our state’s many expansive parks with free admission (no Discover Pass required) in honor of Martin Luther King Jr. Day. Learn more about State Parks Free Days here

FIND A PARK HERE

MLK Day Celebration

January 20th

This year marks the 38th Annual Dr. Martin Luther King, Jr. Day! The day will begin at 8:30 AM at Garfield High School with an Opportunity Fair and Workshops, developed to inspire us to affect change in ourselves and our community. Our Rally Program starting at 11 AM, followed by the March to City Hall at 12:30, demands that our politicians and civic leaders use their 20/20 vision to see us and to make change in our city. 

LEARN MORE HERE

Tacoma Home & Garden Show

January 23rd, 24th, 25th & 26th

It’s never too early to begin planning your home refresh or gardening! A vibrant marketplace with 250+ booths to explore and several unique feature displays to enjoy, the Home & Garden Show at the Tacoma Dome is the perfect place to shop for home-related products and services, get inspired for your next home project, connect with industry experts, and enjoy informative presentations from renowned local and international home professionals.

LEARN MORE HERE

11th Annual Belgian Beer Fest

January 25th

The Washington Beer Commission’s 11th Annual Belgian Fest will take place at Seattle Center’s Fisher Pavilion highlighting Belgian-style beers crafted by Washington breweries. Featured beer styles include Tripels, Dubbels, Saisons, Wits, Abbeys and Lambics. In keeping with this unique style, all of the beers are brewed with Belgian yeast.

LEARN MORE HERE

Lunar New Year Celebration in Bellevue

February 1st

The Bellevue Collection, Seattle Chinese Culture and Arts Association, and the Overseas Community Affairs Council – Republic of China (Taiwan) welcomes in the 2020 Lunar New Year with a celebration featuring numerous traditional and contemporary cultural demonstrations including martial arts, music, dance, visual arts and food sampling. The festival is open to audiences of all ages and includes fun, complimentary activities for all to participate in.

LEARN MORE HERE

A Night Like This! at Teatro Zinzanni

Now through February 16th

A Night Like This is filled with classic elegance, show stopping entertainment, and mouthwatering bites wrapped in an evening so enchanting you may never want to leave!  Christine Deaver as Penelope Wilde spins tall tales from her exotic travels to the Seven Seas. The staff dreams big, two star-crossed lovers find magic in the air, hoops spin, ballerinas dance, the chef longs for a 5 star review, and Master of the House, Cunio pulls you in with his powerhouse vocals. 

GET TICKETS HERE

Pike Brewing Chocofest 2020

February 9th

Fall in love with sips, sweets, and savory bites at Pike Brewing Company’s Chocofest! This culinary adventure celebrates Valentine’s Day with unlimited bites from premiere local restaurants and talented chocolatiers alongside delicious sips from Pike Brewing, local cidermakers, craft wineries, and distilleries. Chocofest benefits local nonprofit Long Live the Kings, who work to restore wild salmon and support sustainable fishing in the Pacific Northwest.

LEARN MORE HERE

More Valentine's Day Events

Warm up your winter with a fun run for charity, romantic cruise, hearty laughs or indulgent wine and chocolate pairings, all in the name of love. 

February 8: Dash through the streets of Fremont in your most festive undergarments to support a good cause in Cupid’s Undie Run. (Seattle)

February 13-15: Come aboard the love boat and gaze upon our gorgeous city from the water while enjoying a delicious 4-course meal during this Valentine’s Day cruise. (Seattle and Kirkland)

February 14-15:  Though Shakespeare said that music is the food of love, we think it may actually be laughter, as proven by this Comedy of Love Improv where spontaneous scenes rife with passion, lust, heartbreak and everything in between will be created based on audience suggestions. (Seattle)

February 15-16: Whisk away to Bainbridge Island for a quick weekend getaway-meets-staycation. Indulge in elegant wine and chocolate pairings while visiting 5 island wineries. 

 

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Local Market Update – January 2020 https://getthewreport.com/the-state-of-real-estate/local-market-update-january-2020/ Thu, 09 Jan 2020 19:06:18 +0000 https://getthewreport.com/?p=2599

2019 ended with too many buyers chasing too few homes. December marked the sixth straight month of declining supply. The severe shortage of homes, historically low interest rates, and strong job growth are predicted to keep the local housing market strong in 2020. In a region starved for inventory, sellers can expect significant interest in new listings.

Homes sold briskly on the Eastside in December in all categories, including the luxury market. The number of listings were down nearly 50% from a year ago and the area had under a month of available inventory. That lack of inventory helped bump the median price of a single-family home up 4% from a year ago to $949,000, which is a $49,000 increase from November.  New large scale developments and a strong economic forecast indicate that the housing market will remain healthy.

VIEW FULL EASTSIDE REPORT

King County continues to be a seller’s market. Inventory in December was down nearly 40% compared to a year ago and ended the month with below one month supply. The median price of a single-family home rose 6% over the prior year to $675,000, up slightly from November. More affordable areas saw much higher increases. Southeast King County – which includes Auburn, Kent and Renton – saw home prices jump 16% over the previous year. 

VIEW FULL KING COUNTY REPORT

Numbers tell the story in Seattle. Inventory was down 25%, while the number of closed sales increased 19%. Strong demand here has kept the housing market solid, with prices fluctuating slightly month-to-month for much of 2019. The median price of a single-family home sold in December increased 2% from a year ago to $727,000. That was slightly down from $735,000 in November.

VIEW FULL SEATTLE REPORT

While the median home price in Snohomish County is less than that in King County, the gap continues to close. Buyers willing to trade a longer commute for a lower mortgage have kept demand and prices strong. Inventory here was off 36% in December as compared to a year ago. The median price of a single-family home rose 9% over a year ago to $510,000, an increase of $15,000 from November.

VIEW FULL SNOHOMISH COUNTY REPORT

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Supporting our Community: Windermere Eastside Foundation Gives Over $235,000 to Eastside non-profits https://getthewreport.com/windermere-news/supporting-our-community-windermere-foundation-gives-235000-to-eastside-non-profits/ Thu, 09 Jan 2020 00:52:54 +0000 https://getthewreport.com/?p=2539

Each year, 10 Windermere offices on the Eastside join together to support local non-profits by distributing funds raised on behalf of the Windermere Foundation. The sources of these funds are twofold: Every time an Eastside Windermere agent sells a home, a portion of their commission goes to the Windermere Foundation, and throughout each year additional donations are collected from and raised by Eastside Windermere agents and employees. The Eastside Windermere Foundation is very gratified to provide $235,000 in grants toward the 2020 operations of 26 incredible non-profits. These grants will help sustain services and support for low-income and homeless families.

Take a look below to learn more about these important local organizations.

This non-profit creates lasting life changes for homeless moms and their kids. Acres of Diamonds provides a safe place to recover, rebuild, and break the cycles of addiction, poverty and abuse. Their structured living plan, on-site counseling, parenting support and life-skill training helps moms to re-establish their lives with purpose, confidence, and support.

The Windermere Foundation’s grant will help provide women and children transitional housing and support programs to rebuild lives from domestic and/or substance abuse.

Learn more: https://www.acresofdiamonds.org/

This community-based, philanthropic program make a positive difference in the lives of children and adults touched by hardship or violence. The Assistance League of the Eastside is an all-volunteer nonprofit organization that puts caring and commitment into action through several impactful programs.

This grant will go to the Operation School Bell program that provides basic items of clothing to low-income students, grades K-12.

Learn more: https://www.aleastside.org/

This highly regarded organization is devoted to helping families on the Eastside. Attain Housing offers opportunities for self-sufficiency and a strong support network in addition to affordable and stable housing. Since 1989, they have helped countless families in Eastside communities move away from homelessness and toward a stable and comfortable lifestyle.

This grant will help provide affordable housing to homeless families with children as well as case management for setting financial and social goals.

Learn more: http://www.attainhousing.org/

This impactful organization provides free, easy-to-make meals each Friday for low-income children so they have food to eat over the weekend. Backpack Meals for Kids serves the nearly 200 homeless children in Bellevue. For too many children in the Bellevue Public Schools, the only meals available to them are during the week while attending school. On the weekends, they go hungry. Backpack Meals for Kids is working to fill that gap.

This grant will provide weekend meals and backpacks to Bellevue School District students who would otherwise go hungry.

Learn more: http://backpackmeals.org/

Since 1911, this incredible organization mission has been to foster stability and self-sufficiency for Bellevue’s children and their families through programs that provide food, clothing, education and emergency assistance. By addressing a child’s basic needs, Bellevue LifeSpring helps students focus on their education and break the cycle of poverty. 

This grant supports the Breaktime-Mealtime Program which provides 80,000 meals to children during school breaks.

Learn more: https://www.bellevuelifespring.org/

This important organization provides training to businesses and leaders to help identify victims of human trafficking, prevent exploitation, and provide safe employment for survivors. Since their launch, BEST has provided awareness, consultation, and training to employers in a variety of sectors and as result, has seen an increase in the amount of trafficking victims able escape their exploiters and increased prevention effort.

This grant will go to help human trafficking survivors and at-risk individuals to find safe employment so they can afford housing.

Learn more: https://www.bestalliance.org

This fantastic organization runs-after school, sports and recreational programs for kids and teens. The Boys and Girls Club of Bellevue can be found throughout the city providing positive, safe places where local youth can have fun, make friends and learn. Their goal is to inspire and enable young people, especially those who need it most, to realize their full potential as productive, caring, responsible citizens.

This grant will support Project Learn, Boys and Girls Club of Bellevue’s after school and summer camp programs at three low-income housing Clubhouses.

Learn more: http://www.bgcbellevue.org/

This great organization inspires change in the lives of at-risk youth through alternative high school education, counseling, recovery, housing, and life skills programs. The Eastside Academy is like no other school in the state. Their unique model offers a place where youth can receive an education, recover from addiction, receive mental health counseling, build relationships with mentors, find housing, and leverage alumni services all under one roof. 

This grant will help pay food expenses for homeless and poverty-level students while they attend this alternative high school.

Learn more: http://www.eastsideacademy.org/

This wonderful organization helps kids thrive by leveraging direct service providers to deliver basic necessities to families in need. For 50 weeks each year, volunteers and staff at Eastside Baby Corner collect community donations, purchase and distribute children’s and maternity items to families in collaboration with organizations helping families in their area.

This grant will help provide essentials like diapers and formula to economically disadvantaged children.

Learn more: http://www.babycorner.org/

This wonderful organization acts as a go-between for local farmers to distribute fresh produce to people who don’t have access to healthy food. Farms for Life is a local organization mobilized to bridge the gap between local farms, who often have surplus crops and those in need of fresh food by reimbursing the farmer for the harvesting and processing costs.

This grant will help buy fresh and surplus produce from local farms using sustainable growing practices and provides healthy produce to families in need.

Learn more: https://farms4life.org/

This amazing nonprofit teaches individuals how to play an active role in their financial well-being. Financial Beginnings provides accessible and unbiased financial education to youth and adults and educates over 40,000 individuals annually.

This grant will help fund the teaching of personal financial concepts to youth and adults of economically-vulnerable populations.

Learn more: https://www.financialbeginnings.org/

Since 1951, this inspiring organization has been helping young people in challenging circumstances get their lives back on track. Today, Friends of Youth positively impacts over 6,500 children, youth and their families each year by offering youth overnight shelters, championing development initiatives, providing in-home family support for young parents and guardians, parent education, youth and family counseling, substance abuse counseling, transitional housing for homeless youth and much more.

This grant will help fund emergency response and shelter, then long-term housing, to children (ages 7-17) experiencing trauma or abuse in East King County.

Learn more: https://www.friendsofyouth.org/

This impactful nonprofit helps more than 65,000 people yearly through programs that provide the stability, skills and knowledge needed to exit poverty. Hopelink’s services help people achieve stability through the provision of basic needs, such as shelter and food. They believe that with the stresses of homelessness or hunger removed from the situation, family members are more able to focus on the next phase of their journey out of poverty.

This grant will go to support the End Summer Hunger Program which ensures local schoolchildren in low-income families have enough to eat during summer break.

Learn more: https://www.hopelink.org/

This helpful organization’s mission is to develop affordable housing, build welcoming communities, and foster vibrant futures. Imagine Housing develops permanent affordable rental homes in East King County to provide individuals and families a place to live near their jobs, good schools, transportation, and health services.

This grant will target under-18-year-olds in their Support Services Program to provide affordable housing and life skill case management in East King County.

Learn more: https://imaginehousing.org/

For over 46 years, this caring organization has provided financial aid to local families when an emergency arises. Issaquah Community Services (ICS) helps families with aid to prevent homelessness, reimburse lost wages due to an emergency event, prevent utility shut offs and much more.

This grant will provide emergency aid in the form of utility payments to low-income families in the Issaquah School District.

Learn more: http://www.issaquahcommunityservices.org/

This important organization works with the Issaquah School District to drive resources and help all students achieve the promise of their academic potential. The Issaquah Schools Foundation’s vision is to be the unifying organization that enables the Issaquah School District to provide access to exceptional opportunities district-wide that ignite learning, improve educational outcomes and prepare all students to be confident, competent and engaged citizens. They do this by bridging the gap between funds the state provides for basic education and the dollars our schools need to prepare students for success in school and life.

This grant will support students who are homeless, at-risk, or living with a disability, for vital targeted academic intervention in math, reading, and writing.

Learn more: http://issaquahschoolsfoundation.org/

This important organization’s mission is to provide basic needs to community member and to promote self-sufficiency. The Issaquah Food & Clothing Bank is committed to providing quality food, clothing and other items as well as offering one-on-one personalized attention to help families navigate the complex maze of available resources.

This grant will help to maintain a refrigerated box truck utilized as a mobile food bank to remote Eastside communities that have difficulty accessing food bank services.

Learn more: https://www.issaquahfoodbank.org/

This incredible organization embraces children of diverse abilities and their families by providing the finest education and therapies to nurture hope, courage and the skills to soar. Kindering provides early intervention services to infants and children who have special needs or are at-risk, and to their families as well. The non-profit offers a full range of services to support the entire family, including parent education courses, specialized support groups for parents and siblings, specialized programming for foster parents, and a true sense of community for those facing the unexpected journey of raising a child with special needs.

This grant will help to provide developmental support, screening, and early intervention therapies to the very young children of homeless families.

Learn more: https://kindering.org/

Since 1982, this amazing organization has partnered with more than 145,000 domestic violence survivors on their courageous journeys towards safety, stability, and healing. LifeWire is on a mission to end domestic violence and create a world where every person lives in a safe environment free from oppression with the opportunity to thrive. By offering one-on-one advocacy and support, they work each day to ensure the safety and enduring independence of every survivor who walks through their doors.

This grant will support the Hotel-Motel Voucher Program, which provides emergency short-term stays in hotels and motels for victim of domestic violence.

Learn more: https://www.lifewire.org/ 

With the help of countless volunteers and donors, this non-profit has grown into a powerful force for good in our local community. Mamma’s Hands was founded to provide hope and support to those in crisis. Their mission is to help those in crisis regain their self-respect, and to provide them the support and direction they need to become productive members of society. Their vision: Hope in Every Individual.

This grant will help support three Houses of Hope that house mothers and children from abuse and homelessness to help them develop plans to bring change to their lives.

Learn more: http://www.mammashands.org/

This wonderful community-driven program provides healthy food for hungry kids to take home over the weekend and school breaks. Through charitable donations and volunteer support, Pantry Packs is able to feed more than 800 Lake Washington School District children who are identified by counselors as being “food insecure” and often come to school hungry on Mondays. 

This grant will go towards providing weekend, child-friendly food packs to children of qualified low-income families.

Learn more: https://www.lwsf.org/pantrypacks.html

This Issaquah based non-profit was created to provide support and services to at risk youth with an emphasis on foster children and their families. Royal Family Kids’ Camp’s vision is to make a difference in the lives of children who have suffered abandonment, abuse and neglect, and to give them hope for their future. Their goal is to help foster children in King County, ages 7 – 15, attend a summer camp filled with life changing experiences and love that focuses on meeting the special needs of abused and neglected children.

This grant will help support their summer camp and help build positive experiences for abused, neglected and abandoned foster children.

Learn more: http://royalfamilykids.org/

This fantastic nonprofit provides formal attire to teens from low-income families across the state, enabling them to participate in high school milestone events. Ruby Room F-Factor utilizes fashion as a tool to build self-confidence and promote inclusion among foster children, homeless youth and teens in financial need.

This grant will help to provide formal wear at no cost to teens in financial need so they may participate in landmark life events.

Learn more: https://www.f-factor.org/

This organization provides life-changing services to those experiencing homelessness by working within our communities to provide emergency shelter, social services, and connections to permanent housing. Snoqualmie Valley Shelter Services is made up of community members who have a passion for helping our homeless population connect with the care and services they need.

This grant will help provide a safe overnight environment for homeless men and women and for families struggling with homelessness.

Learn more: http://www.svshelterservices.org/

This impactful organization is dedicated to closing the achievement gap between youth in foster care and their peers forever. Treehouse provides students in foster care with academic and other essential support that all kids need to succeed.

This grant will help to support the Little Wishes Program which allows foster care youth to participate in extracurricular arts, athletics, and other educational experiences.

Learn more: https://www.treehouseforkids.org/

This dedicated organization is the leading behavioral health services provider for children and youth, up to age 22, and their families in East King County. Youth Eastside Services (YES) provides evidence-based mental health counseling, substance use and co-occurring disorders counseling and treatment, early childhood behavioral health services, psychiatric services, and education and prevention programs.

This grant will support YES Lifeline, which provides free mental health counseling and substance abuse treatment to low-income youth and families.

Learn more: https://www.youtheastsideservices.org/

Thank you to Windermere’s agents and offices for their generosity and community spirit, and for making a difference in the lives of many Eastside families. If you’d like to help support programs in your community, please click the Donate button.

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Windermere Foundation Donates $100,000 to Seattle Children’s Hospital https://getthewreport.com/windermere-news/windermere-foundation-donates-100000-to-seattle-childrens-hospital/ Fri, 27 Dec 2019 22:48:22 +0000 https://getthewreport.com/?p=2529

The Windermere Foundation’s recent contribution to Seattle Children’s Hospital‘s Homelessness Prevention Fund and Children’s Emergency Patient Fund will help 40 families secure stable housing and retain ownership of their homes this holiday season.

“No parent should have to choose between having a place to live and having a healthy child,” said Christine Wood, Executive Director of the Windermere Foundation. “Our goal is to help take on some of the financial burden of housing and
living expenses so they can focus on their child’s health.” 

The Homelessness Prevention Fund provides low-income families with financial support to help cover imminent expenses, repairs, and other needed services. The one-time payment can spare a family from eviction or other hardships triggered by shelter insecurity.

“There are 104 children and 74 parents and guardians who will be able to stay in their homes during the holidays thanks to the Windermere Foundation’s generous donation,” said Roosevelt Travis, Director of the Department of Social Work at Seattle Children’s. “It is truly life changing.”

Additionally, a portion of the donation was directed to the Children’s Emergency Patient Fund which provides modest sums to cover food, utilities, transportation and other essentials to more than 2,000 families each year.

Over the years, Windermere donations to this fund have been used to pay for hotel vouchers, gas cards, and, in the saddest cases, funeral expenses.

“When I am contacted by Children’s seeking funding, I know not every situation is going to have a happy ending,” said Christine Wood. “We’re just grateful that we have the opportunity to relieve some of the burden for these families during what is a very difficult time in their lives.”

Since its establishment 30 years ago, the Windermere Foundation has raised over $40 million to support local low-income and homeless families, and Windermere has donated a total of $318,000 directly to Seattle Children’s Hospital since 2006. The Foundation is currently the 17th largest corporate philanthropist in the Puget Sound, as ranged by the Puget Sound Business Journal.

To learn more about the Windermere Foundation, please visit www.windermerefoundation.com.

Read the full Windermere Foundation press release here.

A version of this story was first published on Inman.com (Note: subscription required)

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Matthew Gardner’s 2020 Mortgage Rate Forecast https://getthewreport.com/the-state-of-real-estate/matthew-gardners-2020-mortgage-rate-forecast/ Thu, 19 Dec 2019 17:44:17 +0000 https://getthewreport.com/?p=2521

Mortgage rates hit near-record lows in 2019. As rates continue to remain competitive, Windermere Chief Economist, Matthew Gardner tells us his predictions for 2020.

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