A Lesson on the Current Real Estate Market: Understanding the Unusual Dynamics

Andi • November 16, 2023

On November 15, 2023, NAR Chief Economist Lawrence Yun dived into the state of the residential sector, sharing insights at the Residential Economic Issues & Trends Forum during the NAR NXT© National Association of REALTORS® event in Anaheim, Calif.

Real estate professionals can’t rely solely on past market behavior for predictions. This realization fueled a Residential Economic Issues and Trends Forum, blending Lawrence Yun’s observations and forecast with a broker panel titled “Nothing’s Normal.”

Forecast: A 2024 Uptick

After significant national sales declines in 2022 (17%) and a predicted 18% dip in 2023, Yun expects a moderate market upswing in 2024. He envisions rates dropping below 7% for borrowers by the spring homebuying season.

During its November meeting, the Federal Reserve made a notable shift, keeping the federal funds rate steady—a shift from the consistent increases since 2021. Despite challenging market conditions faced by real estate professionals in the past two years, Yun notes many homeowners stay optimistic due to inventory scarcity, pushing home prices upward.

The recent Federal Reserve survey on consumer finance underscores this, revealing a 34% increase in the median net worth of homeowners since 2019—now at $396,200 compared to $295,500 in 2019.

Yun highlights the cyclic nature of home prices, recognizing there will be stagnant or declining years. However, as a long-term homeowner, the assurance is likely to come out ahead in America.

Andi’s Insights on Whatcom County

Competition is fierce for listings that are spotless and move-in ready. Investing in repairs before listing is often worth it. With higher interest rates than last year, the buyer pool has shrunk, giving buyers power to seek concessions like closing costs or an interest-rate buydown. Proper pricing is crucial—even being 2-3% off can mean your house sits on the market for months.

Demand still outpaces supply. In today’s market, negotiating with multiple buyers requires a more strategic approach. The traditional practice of setting a deadline for the ‘highest and best offer’ is evolving.

Amidst these changes, real estate litigation adds pressure to unprepared agents. I encourage an open dialogue and welcome any questions for an insider’s view on cases.

First-Time Homebuyer Class October 2025

By Andi Dyer • August 26, 2025
LAST CHANCE: First-Time Homebuyer Class — Two-Night Series (Sept & October) Missed Tuesday’s class at Goods? You’ve got two more chances this year—each is a two-night event. Pick one month and plan to attend both nights to complete the series at Movement Mortgage: 2200 Rimland Dr, Suite #250, Bellingham, WA 98226. Choose your series: * September: Sept 15 and Sept 17 at 6:30 pm * October: Oct 20 and Oct 21 at 6:30 pm Why join us: Unlock up to $40,000 in down payment assistance through the Washington State Housing Finance Commission (eligibility applies; this class is required to qualify). Whatcom County market snapshot: what’s moving, what’s sitting, and why. Clear, step-by-step game plan: financing → offers → inspections → keys. Live Q&A with local pros. Bring your questions (we’ll translate the acronyms). Space is limited—these are our final classes of the year. P.S. Assistance programs have eligibility requirements and limited funds. We’ll walk you through the details so you know exactly where you stand.

First-Time Homebuyer Class September 2025

By Andi Dyer • August 26, 2025
LAST CHANCE: First-Time Homebuyer Class — Two-Night Series (Sept & October) Missed Tuesday’s class at Goods? You’ve got two more chances this year—each is a two-night event. Pick one month and plan to attend both nights to complete the series at Movement Mortgage: 2200 Rimland Dr, Suite #250, Bellingham, WA 98226. Choose your series: * September: Sept 15 and Sept 17 at 6:30 pm * October: Oct 20 and Oct 21 at 6:30 pm Why join us: Unlock up to $40,000 in down payment assistance through the Washington State Housing Finance Commission (eligibility applies; this class is required to qualify). Whatcom County market snapshot: what’s moving, what’s sitting, and why. Clear, step-by-step game plan: financing → offers → inspections → keys. Live Q&A with local pros. Bring your questions (we’ll translate the acronyms). Space is limited—these are our final classes of the year. P.S. Assistance programs have eligibility requirements and limited funds. We’ll walk you through the details so you know exactly where you stand.

Back on the Market: A Downtown Bellingham Landmark

By Andi Dyer • August 25, 2025
If you know Bellingham, you know 1107 Railroad Ave. This is the building that grew up with Boundary Bay Brewery from its early days in the basement to the bustling beer garden and stage that became a heartbeat of downtown. Now, this iconic property is officially back on the market . 3 connected buildings (1103–1107 Railroad Ave) Prime .55 acre lot across from Depot Market Square 10,599 sq. ft. of historic commercial space Zoned Commercial with endless potential Whether you see the future as a brewery, event space, or another community-minded hub, opportunities like this don’t come around often. Reach out today to explore this rare piece of Bellingham’s history and future. Andi Dyer Real Estate Real estate with care, respect, and vision Andi: 360.734.6479 | Katie: 360.820.3065 

History Sunset Cruises are Back!

By Andi Dyer • August 25, 2025
Tuesday evenings now through Aug 26th from 6–8 PM , depart from the Bellingham Cruise & Ferry Terminal for a bay tour with local legend Kolby LaBree plus select trivia and family nights. Tickets $55 (or $45 for Museum members); kids 5 and under sail free . Proceeds support Whatcom Museum programs. Grab your spot before they sell out. P.S. I did the history tour with Kolby a few weeks ago and it was terrific, I learn something new each time with her!

Join Us: First Time Homebuyer Class

By Andi Dyer • August 13, 2025
Join us and our guest Amy Baker to learn about first-time home buying on Tuesday, August 19th, at Goods Local Brews (2620 Northwest Ave.) at 6 pm. Buying your first home is an exciting milestone, and we’re here to help make the process simple and stress-free! Join us for our First-Time Home Buyer Seminar, where we’ll break down everything you need to know—from understanding mortgages and down payment assistance programs to navigating the home-buying process with confidence. Whether you’re just starting to explore your options or ready to take the next step, this seminar will provide expert insights and practical advice to help you make informed decisions on your journey to homeownership. Questions? Call/text: 360.734.6479 

How's the Market? July 2025

By Andi Dyer • August 13, 2025
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FREE MacDuff 2.0 Stickers!

By Andi Dyer • August 13, 2025
WANT A FREE MACDUFF 2.0 STICKER? MACDUFF 2.0 stickers are here! Want one? Text or call me at 360.734.6479 and I’ll hook you up with a free sticker! 

Women's Council of REALTORS®

By Andi Dyer • August 13, 2025
I’m thrilled to share that I’ll be representing the Women’s Council of REALTORS® – Northwest Washington Network at this year’s WCR NXT Convention in Houston ! I'm going as the Vice President of Whatcom, Skagit, & Island County. It’s a powerful gathering of real estate leaders from across the country, and I can’t wait to bring back fresh ideas, connections, and inspiration to our local network. Stay tuned for takeaways and behind-the-scenes peeks—this is going to be good. The Women's Council of REALTORS® advances women as professionals and leaders in business, the industry, and the communities we serve, and "When Women Are Present, Everything Changes."

Featured Property: 19379 MORTON RD, Burlington, WA

By Andi Dyer • August 4, 2025
So many possibilities with this 9.9-acre property in a prime location near I-5. The bright and airy rambler features an open floor plan and two primary suites, offering comfort and flexibility. Unique zoning allows for an RV park, and the property currently generates $50,000+ in part-time annual revenue through RV parking, camping, and a 2024 trailer that conveys with the sale and operates as a successful Airbnb rental. The land is beautifully landscaped with gardens, fruit trees, and lush, park-like scenery—creating a private sanctuary that feels far away yet remains close to amenities. Continue to grow the business, expand operations, or simply enjoy the peaceful setting while generating passive income. A rare opportunity!

Join the Race for the Underdogs!

By Andi Dyer • August 4, 2025
JOIN THE PACK THIS AUGUST Lace up those sneakers and leash up your sense of adventure— the very first Race for the Underdogs 5K is happening at stunning Lake Padden in Bellingham on Sunday, August 17 at 8:30 AM . This heartwarming event benefits the incredible work of Happy Tails Happy Homes (HTHH) , a Whatcom County nonprofit that gives second chances to the animals who need it most. 🐶 Who You're Racing For HTHH isn’t your typical rescue. We’re a volunteer-powered, foster-based organization with no shelter, no offices, and no paid staff —just a deep love for the underdogs. That means every dollar raised goes straight to the animals, many of whom arrive with medical or behavioral challenges. We believe every tail deserves a happy ending. 🏃‍♀️ About the Race This scenic 5K trail loop winds counterclockwise around Lake Padden on soft grass and wooded paths. Starting near the picnic shelter at the east entrance, the route is mostly flat with a few rolling hills and one short uphill stretch through the trees on the lake’s southwest side. It’s peaceful, pet-friendly, and just the right mix of nature and challenge. 📍 Getting There From I-5 Northbound (Seattle): Take Exit 246 (N. Lake Samish), head left at the stop sign, drive 2.5 miles to the East Lake Padden entrance, and follow the HTHH signs to the playground. From I-5 Southbound (Bellingham): Take Exit 252 (Samish Way), go left over the freeway, right onto Samish Way, and continue 2.5 miles to the second Lake Padden sign (East entrance). Turn right and follow signs to the playground area.
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