Seattle Real estate comming back to life again?
Im seeing more and more homes going pending. Is the market comming back again?
House I live in was bought for 430k in 2013. Now it is 1.2m, 6 years later. Now that’s a pretty good reason.
Risks? Liability? What are you talking about? You still need a place to live. If you live long enough in a house in a decent location, it’ll at least appreciate in value more than your interest rate by the time you sell it, or rent it out. Which effectively means you lived in a big house for the price of a tiny rental apartment, if not free at all.
check your comms because they are comming.
Just the normal cycle of the market
Given how Google and Facebook are expanding in Bellevue/Kirkland this and next year, and the crazy $$$ they pay to folks even with 3 yoe after college, I’m not too worried about housing market in Seattle area.
I think this is true. Still hoping for a correction before I buy
Watch the fed. No rate hikes == good real estate market in late summer.
Isn’t mortgage already 5% though?
It will appreciate in the 3-4% range. I don't think we'll see a return to the crazy double-digit days, but that would be nice for those of us who already own a home.
I think this is about right.
Rats on a sinking ship
The fed just said they wouldn’t raise rates again for a while. This is good.
Too many inventories on mfh and condo, need roughly 2.5 years to consume. Sfh inventory and demand same as before. People are just scared. Don’t ask me why cuz I work with builders on many projects. There are also quite a lot of new constructions open to market in summer 2019. Expect Bellevue downtown condo to sell at 1200/sqft
That number... 100,000 new hires in 20 weeks? Don’t think so lol