See how busy homebuyers are ahead of the election
Sellers pumped the brakes on new listings last week making it one of the rare weeks when more homes went pending than hit the market. It is a little surprising to see so many homes going pending given mortgage rates jumped from the low 6s to the low 7s. Though we’ve long felt it is savvy to buy in November and December when buyers are typically in the driver’s seat and you can beat the rush we always see at the beginning of a new year.
How is tomorrow’s election going to impact rates? In the long-term no one knows, but Mortgage News Daily has a prediction for what we’ll see in the short term.
Links
- Lake Forest Park home sells for 24% over list
- Mathews Beach home sells for 23% over list
- They found their dream home on a WA island — so did thousands of bats (Seattle Times)
- Is Seattle’s rental market ‘balanced’ or ‘absolute hell’? (Seattle Times)
- Town builder Casey Roloff outlines plan for Seabrook expansion (PSBJ)
- Region’s largest homebuilder invests another $7 million in Newcastle (PSBJ)
- Seattle home with ties to Weisfield Jewelers hits market for the first time in decades (PSBJ)
- King County weighs 49% hike in development permit fees (PSBJ)
More new listings last year at this time
Seattle: 176 new listings last week, down 25.4% w-o-w
Eastside: 100 new listings last week, down 21.3% w-o-w
Buyer interest stays strong
Seattle: 182 pending last week, down 1.6% w-o-w
Eastside: 129 pending last week, up 18.5% w-o-w
Eye candy – election eve
$1.350M Whidbey Island NW contemporary
Check out last week’s market update, See the home with 15 offers last week
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