Seattle Real Estate Market News

June 5, 2020

Home Sales Strong in May - Inventory Scarce

May statistics are coming in and so far the Seattle are real estate market is showing a severe scarcity of supply of housing. We were at low levels before Covid hit and now buyer demand is at levels similar to this time last year however supply of new listings ...

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May 3, 2020

Mortgage Rates Back Near All Time Lows Again!

 

Over the past couple weeks since our last rate post mortgage rates hovered around a similar range as they were in through the past several months before the Coronavirus hit. However over the past week we've seen them improve and are again flirting with all time lows. However ...

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April 19, 2020

Multiple offers, bidding wars, escalation clauses continue in Seattle area

The Seattle area that was the initial hot spot for the coronavirus outbreak in the United States saw the real estate market pause when the stay at home order was issued. After a revision to the order allowing real estate to function under modified rules with safe distancing we’ve seen ...

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April 5, 2020

What’s Happening With Mortgage Rates Post Covid-19?

We’ve been receiving many questions from clients lately asking about the real estate market and mortgage rates since our mortgage rates post back on March 16th.

 

Since that date we’ve seen mortgage rates continue to be highly volatile and they bounced up into the low 4's for a ...

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April 4, 2020

What’s Happening With The Real Estate Market Currently?

We have been receiving many questions from clients regarding the real estate market; asking what’s going on and what we expect to happen.

When Governor Inslee first introduced the Stay At Home Rules on March 25th all real estate and related activities (appraisals, inspections) were ceased. That held in place ...

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March 16, 2020

Crazy Times In The World And In Mortgage Rates

I posted one week ago on March 8th that during the previous week we’d seen some of the lowest mortgage rates in my entire 15 years in the industry. Since that post the concerns around the Coronavirus have skyrocketed, the stock market had some huge drops and the yield on ...

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Feb. 21, 2020

Mortgage Rates Hovering Near All Time Lows

As a licensed loan originator I watch and monitor the mortgage market on a daily basis and what I’ve seen lately continues to surprise me. Mortgage rates have for the past several weeks hovered right around 3 year low marks and the best I’ve seen since 2013. I have put ...

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Feb. 18, 2020

Seattle Real Estate Market Starts 2020 Hot!

As a real estate broker I’m constantly asked by clients and friends “how’s the market?”.  Well we’re a month and a half into 2020 and based on how things have started we are headed for an intense market this spring.  The Northwest Multiple Listing Service just released statistics ...

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Jan. 17, 2020

End of 2019 Market Statistics and Summary

The Seattle area real estate market as we start 2020 is currently experiencing a market with a home sales pace increasing over the slower period of mid-2018 through early 2019 due to demand that is increasingly higher than supply, making for a growing inventory shortage.

Year-over-year prices for single family ...

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