New year, new housing market? We shall see! We hope everyone had a safe New Year’s Eve and we wish you all the best in 2016! This week we highlight the Seattle housing market and its strong ending to 2015. Seattle has been successful with increased home prices and is tied for number one. We hope this housing market strength carries over to 2016. Unfortunately, the low home inventory is holding back the market from reaching its full potential. We also highlight some home improvement shortcuts not to take for current homeowners so they don’t run into future problems. Lastly, we found some 2016 economic predictions for our readers to check out.
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.
Home prices in Seattle have been increasing since last January. Unfortunately, its shortage of homes for sale has served as a major factor holding the market back from reaching its full potential. We hope to see this change in 2016.
Seattle is tied with San Francisco, California and Tampa, Florida for the nation’s fastest-rising home prices. From September 2015 to October, all three areas had a 1.3 percent jump in home prices. The increased home prices in Seattle were 8.8 percent higher than October 2014.
Don’t take these home improvement shortcuts to save money. These “hacks” could result in future problems and could potentially cost more money long term. Check out these tips we found from home inspection and contracting professionals.
Check out these economic predictions for 2016! Interesting predictions were made about this coming year’s housing market and interest rates. We are eager to see if these trends come true.