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HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

This has resulted in major ownership costs on a typical home consuming 25% of the average national wage of $65,546, still within the 28% standard lenders prefer for homeowner expenditures (mortgage, home insurance and property taxes). >> Seattle metro experienced the greatest inflationary pressure than any major U.S. from the end of 2020. >>

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

An insurance company offered a good example of just how bad it has gotten. Its data show home prices have far outpaced incomes since 2012. The county saw new listings and end-month Active listings rise but Pending sales slip, suggesting buyers are no longer snatching every listing on the Northwest MLS as they become available.