July 16, 2015
In
Markets, Real Estate
3 Factors That Will Drive Northwest Housing
Newcomers are arriving in record numbers to the Pacific Northwest. Home inventory levels are at ten year lows in many market areas. Three factors, listed below, have the potential to put continued pressure on available housing and consequently drive up valuations.
THE MILLENNIAL MORTGAGE BOOM
Coldstream Capital Management has been named one of Washington’s 100 Best Companies to Work For by 
As you may have heard, Greece missed a $1.7 loan billion payment to the International Monetary Fund on Tuesday. While this event and the closure of the Greek banking system are dominating news coverage this week, a $3.9 billion bond payment due to the European Central Bank on July 20 is much more important to world markets, since failure to pay would put Greece into a formal state of default. The situation remains extremely fluid, with developments coming nearly hourly. It is unlikely that current negotiations will lead to an agreement prior to a scheduled July 5 referendum, which will indicate whether the public will accept further austerity in order to stay in the Eurozone. Since the current government was elected on an anti-austerity platform, it may collapse if the referendum passes or if a deal on further spending cuts and tax increases is struck in the meantime.
Coldstream continues to grow in exciting ways, and we are proud to welcome seven new members to our team. Four of these newcomers will join our Private Client Services (PCS) teams. Rachel Borsini arrives to Coldstream from an independent financial planning and investment firm in Seattle. She holds a BA in Economics and Spanish Language and Literature from the University of Puget Sound. Formerly an interior designer, Lacey Lopez brings with her both a unique creative approach and over five years of finance experience. Most recently, Lacey worked with Merrill Lynch as a Client Associate. Brian Plowman joins us with five years of experience from Bank of America and a BA in Finance from Washington State University. Carrie Troy brings with her over 20 years’ experience in financial analysis and a BS in Mathematics from California State University, Northridge.