#MarketMonday

We are ready for the spring season here at The Ben Kinney Team! The housing market has been a little slow with the low inventory during the winter months, but we are expecting a quick turnaround with new spring inventory. Homebuilders are confident about the 2016 housing market even though the current number of home buyers in the market is low. The Emerald City has been a popular move for people and mortgage rates are still looking great. We also found an article that highlights which Puget Sound neighborhoods are getting the most attention.

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.

 

US homebuilder sentiment slips in February

Homebuilders have a positive perspective when it comes to this year’s housing market; however, lately the number of buyers in the market has decreased. This doesn’t mean 2016 is doomed; it means home buying in the current market is slow. It could be due to the colder season and it could be because home inventory is low. We are expecting this to change come spring!

Mortgage rates remain near 10-month lows

At the end of 2015, we were expecting mortgage rates to start gradually increasing every month; however, we were wrong! The most popular home loan has continually decreased in the last couple months. This is great news for interested home buyers.

US housing starts fall in notably cold and snowy January

The housing market is known to get a tad slow in the winter months, especially in the Midwest and the Northeast areas. Spring is just around the corner though and we are expecting a quick turnaround! 2016 is going to be great for real estate.

Seattle Among Densest Cities; Hottest Real Estate Neighborhood is Ravenna

Seattle is pretty popular if you didn’t already know. This is a pretty cool read to see where everyone flocking to our beloved city is coming from. You can also see which Seattle neighborhoods have been the most popular with newcomers. Check it out!

Happy #MarketMonday!

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