Month: July 2022

For the last several years we have experienced the craziness of the hottest housing market in generations across the nation and especially here in the Puget Sound. Certainly, this has been the hottest sellers market that I have ever experienced. We have all sensed that market has shifted in the buyers favor in the last…
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According to CNBC, mortgage demand fell more than 6% last week compared with the previous week, hitting the lowest level since 2000. Buyers have been contending with high prices all year, but with rates almost double what they were in January, they’ve lost considerable purchasing power. Check out today’s mortgage rates here.

Good article from Seattle Agent Magazine July 8. The seller’s boom is over. Sellers are reducing prices, inventory is increasing, competition is declining and mortgage rates are moderating (for now). Nationally, home are remaining on the market 18 days – flat from 2021 and 52% are selling above list price, down a point from 2021.