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Seattle/King County Activity, Prices Show a Monthly Jump

Will Springer Realtor

This divergence of data put the mortgage market on its heels over the past several weeks and essentially reset rates after trending lower in December and January. Home sales figures were little changed in the county as a whole year-on-year (YoY) but varied widely by city, while home prices reached double digits amid growing demand.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. 1, and there could come an affordability tipping point, as I noted earlier.