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#MarketMonday

It’s that time again! This week we reflect on home buying versus renting in the Seattle area. We also highlight home prices and provide updates on home mortgage rates. Lastly, we provide insight on how technology is changing the industry, along with the real estate experience buyers and sellers will have. Changes to the housing market keep coming. Stay updated with us!

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.

 

Seattle area one of the least affordable in the U.S. for renters

Renters in the Seattle area pay more than 31% of their income toward their rent payment, which is more than the U.S. average. They also pay more than those renting in Chicago, Philadelphia, Atlanta and Las Vegas! If you’re renting, it’s time to start considering other options.

Home Prices Rise in Nearly All Metro Areas in Second Quarter

Low home inventory is the major cause of rising home prices in metro areas, which is still making it a great market for interested home sellers. This article contains a breakdown of the real estate market’s home prices nationally and regionally.

Average US rate on 30-year mortgage edges up to 3.94 percent

After three weeks of home mortgage decreases, they increased last week. This article gives insight into what’s to come for home mortgages in the coming month.

As technology advances, real estate agents are more relevant than ever

Interesting article on how technology is going to play a role in the overall real estate experience for buyers and sellers. Technology is changing the industry, but it won’t cut out realtors.

 

Keller Williams Realty

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