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FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

The inter-bank rate stands at about 3.1%, coincidentally the exact figure that Freddie Mac reported at the start of 2022 as the average mortgage rate in the U.S. in 2023 for single-family homes. This year’s housing slowdown intensified in the summer, with existing single-family home sales off 20% in the U.S.

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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

For homeowners wishing to add a dwelling, the outcome can be steady rental income unless offered free to, say, a family member. Demand for affordable homes is far outpacing supply, driving up today’s cost to rent or own. Sit, relax, enjoy the sun and take in the view. You deserve it! Most zoning laws grant units up to 1000 sq.

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HOUSING INTENSITY TO REMAIN HOT DESPITE HEADWINDS

Will Springer Realtor

We are only a couple of weeks into 2022 and the region’s residential real estate market is already getting back in motion for what should be another year of unprecedented levels of activity and incredibly high demand. Since 2016, Seattle area home prices have climbed 70% and average rents in the metro area have risen 23%.