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RISING INFLATION, RATES TRIP UP HOUSING MARKET

Will Springer Realtor

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. That’s according to Census Bureau data averaged out over the five years between 2016 and 2020 and reported by The Seattle Times. Give me a ring!

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FINDING THE KEY TO UNLOCK ‘STUCK’ HOMEOWNERSHIP RATE

Will Springer Realtor

The quarterly figure pales in comparison to most years; more than 125,000 foreclosure filings occurred in Q1 of 2016. After a continued rise in sales activity through March, the number of Seattle listings under contract and new listings have eased. While that may appear significant, the U.S. 1 (6861). >>

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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

There are no signs of a real estate crisis, particularly in the Puget Sound region, where prices keep rising – up about 20% the past year and 68% in Seattle alone since 2016, by one measure – amid a dearth of inventory and surge of buyers. Active listings as of Sept. And the answer is, It’s not going to crash. SEPTEMBER HOUSING UPDATE.