Remove 2026 Remove Development Remove Mortgage Remove New Listings
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Despite Falling Rates, King County Housing Market Flops to End Forgettable Year

Will Springer Realtor

The 802 new listings in December was a low not seen since records were archived online from 1990. No other month has fallen below 1000 new listings in more than three decades of record keeping. Mortgage Rates That holiday present from the Federal Reserve? That translated into mortgage rates then of about 7.75%.

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IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

The Federal Reserve, which has been buying mortgage-related securities for more than a year to artificially keep interest rates low, has signaled a desire to taper its bulk purchases within the next month or so. A 30-year mortgage in our area could be had for about 3.125%, up from about 2.875% a month ago. Estimated opening is 2026.

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FINDING THE KEY TO UNLOCK ‘STUCK’ HOMEOWNERSHIP RATE

Will Springer Realtor

Well, I am only a single real estate professional with one opinion but, for me, the solution includes enacting a blend of corporate and federal dollars toward incentivizing the development of affordable for-purchase housing that targets under-served communities whose residents would otherwise find homeownership difficult to achieve.

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