Matrix News

Model Home Grand Opening at Logan Crest in Lynnwood

RM Homes, a Puyallup-based homebuilding company, announces the grand opening of Logan Crest, a new home community in Lynnwood, WA. With 12 presales prior to the model home completion, this community is already over 44% sold. Now the designer-furnished model home is ready for touring, and more new homes are ready for move-in late summer and fall, starting from the low $400s.

Logan Crest is a brand new community of 27 homes where Logan Road and Damson Road meet at the top of the hill in Lynnwood. Convenient to either I-5 or 405, and adjacent to Hilltop Elementary, and surrounded by local parks, it’s a serene location with peek-a-boo Olympic Mountain views. The homes center around a private community play and picnic area, great for afternoon summer fun.

New Homes Just Listed in Kenmore

RM Homes just released their first homes for sale in Kenmore, WA at Kimberly Place, a new enclave of nine upscale homes.

The first available homes are 2580 and 2916 sq ft with four bedrooms, 2.5 bathrooms and great room style living. Interior features are highlighted by imported Marmiro natural stone in the kitchens and bathrooms.

Market News

Eye on the Economy: Home Building Jumps in April

by NAHB News: 

Home builders ratcheted up construction in April to a level not seen since November 2007. Total starts increased 20.2% from March to a seasonally-adjusted annual rate of 1.135 million. The increase was broad based, with a 16.7% jump in single-family starts to an annual pace of 733,000, the highest since January 2008, and a multifamily increase of 27.2% to an annual rate of 402,000.

Some of the higher numbers were due to particularly cold and snow-laden weather in February and March. But the increases, particularly in the single-family market, are also indicative of continued market healing. Home buyers have been reluctant to buy until there is a clear sign that the economy, and more particularly their own future, is more positive. As employment grows, some wages increase, and home equity improves, households are emerging in greater numbers to shop for a new home.

More Than Half of Young Millennials Move Back in With Parents NAHB Analysis Reveals Significant Pent-up Housing Demand from Key Demographic

via NAHB: WASHINGTON, Feb. 10--A recent study of "Boomerang Millennials" who move out of their parents' home only to move back in may have important implications for this key demographic and what it means for the housing market.

The National Association of Home Builders (NAHB) examined recent research conducted by Judith Dey and Charles Pierret using data from the National Longitudinal Study of Youth 1997. The examination found higher incidence of "re-launch" for Millennials with a Bachelor's degree compared to those with a lower education attainment and higher incidence of "re-launch" for Millennials from higher parental income household compared to lower parental income households. A "re-launch" occurs when a young adult moves out, returns to the parental household, and then leaves again.