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Uncategorized April 2021 Housing Market Update (NWMLS Press Release) Northwest MLS brokers say bidding wars, escalating prices, and buyer fatigue are widespread *NOTE* – the data we are looking at is from the full month of March. 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: double-digit […]
Education November 2020 Housing Market Update (NWMLS Press Release) Anxiety among home buyers “incredibly high” as they vie for unpreceded shortage of homes across much of Washington state 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. active listings were down 40% compared to the same month […]
Uncategorized September 2020 Housing Market Update (NWMLS Press Release) 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 […]
Uncategorized Interest Rates at 12-Month Lows 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 […]
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