This week’s #MarketMonday highlights Seattle’s number one ranked housing market. We also focus on whether or not it’s the right time for you to enter the real estate market and we found pros and cons to help you determine that decision. Lastly, we touch on the popular topic of renting. Lots of apartment complexes have been going up in major cities, but will they help with the high rent prices?
My team is happy to answer any questions about the current real estate market or to discuss what is most important to you whether you are looking to buy, sell or invest in today’s market.
With the help of the booming tech industry, Seattle’s housing market is ranked first among 50 U.S. housing markets. Seattle’s economy is strong and healthy, which is resulting in a high housing demand and housing prices that continue to climb.
It’s predicted that the Federal Reserve will increase interest rates late this year or early next year, which will make home buying even more expensive than it already is. A growing job market will also contribute to increased home prices. For those interested in buying a home, the time is now.
There are many pros and cons to entering the real estate market during the fall season for both buyers and sellers. From less competition to easier negotiating, fall can serve as very successful for buyers. With low home inventory still serving as a problem, sellers can expect their home to be a hot commodity. Check out more reasons why fall may or may not be the right time for you.
There has been a lot of apartment construction in major cities, Seattle included; however, has it been in areas where it is needed most? The answer is no. Due to that, it hasn’t helped rising rent prices.