Would-be homebuyers have more buying power, but also more competition for meager inventory Here are the bullet points from the newest press release from the Northwest Multiple Listing Service, which provides housing market data for most of Western Washington. all-time low interest rates mean home buyers have more buying power, but the lack of inventory […]

Opportunities abound for home buyers and sellers, but brokers say “don’t delay” Here are the bullet points from the newest press release from the Northwest Multiple Listing Service, which provides data for most of Western Washington. pent-up demand from homebuyers meant inventory remained tight pending sales jumped nearly 14% from a year ago inventory remained […]

Interest rates for mortgages are now around the low 4% range for a 30-year fixed loan. There’s a general rule of thumb for interest rates that goes like this: for every 1% change in interest rates, you gain or lose 10% buying power. So if you were pre-approved to buy a $500,000 house a few […]

Heating Up! Stats for the Seattle real estate market for February 2019 are out, so here’s the market update condensed into some highlights. Pending sales are down about 14 percent compared to February 2018. Inventory in Seattle rose from January to 1.8 months (0-3 months of inventory is considered a seller’s market). Median prices increased […]