This week’s #MarketMonday is more focused on the Seattle housing market. We highlight housing activity in Seattle for the month of August and a new real estate project coming to the area. We also point out how pending home sales continue to increase, but home inventory still serves as a threat. Lastly, we discuss why home buying is still a good investment even with increased home and condo prices. This next half of 2015 is off to a good start in the housing market and we want you to continue staying updated!
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.
August is usually a month for slowed activity in the housing market; however, this year wasn’t the norm. For the fifth month this year, pending home sales outnumbered the amount of new listings added to home inventory.
Economists are saying the housing market began the second half of 2015 on a positive note! Pending home sales slightly increased for the sixth time in just seven months.
Founder of Bosa Properties, Robert Bosa, has filed early plans for a real estate project near the Amazon offices in Seattle. It has been reported that this project will include 450 residential units.
This article provides great insight from a millennial couple that just bought their first one bedroom condo. They talk about how they would rather put money toward a mortgage instead of a rent payment and why they thought it was a good idea to build equity in an investment.