Wednesday Update : Seattle's Eastside Residential Market Update for the week of 10/26/22 MARKET RECAP: RATES: Thankfully, there was some relief in interests rates this week. The 30 year fixed rates declined slightly from 7.22% to 7.15%, which is still 3.88% higher than it was a year ago. THE MARKET: It is normal for active listings and pending sales to decline in the 4th quarter. However,...
With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news is, there’s concrete data to show why this is nothing like the last time. There’s Still a Shortage of Homes on...
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