Buyers & Sellers are worried about increasing interest rates. Seller’s want to get rid of their houses before interest rates increase(fed increase). Many houses in market now but less buyers. This is the tide turning in market now. From now on there will be price reduction in houses and rental properties will make good money.
I used to think along those lines but have seen up close certain quirks in the Seattle market that make this unlikely. You've no idea how many 20 something are buying even their second property as an investment, let alone older people. Then, the actual land area in Seattle proper is pretty limited unlikely to be that intensively developed except maybe for South Downtown. Something that might lower prices slightly will be the West Seattle bridge opening as that can increase supply. Last, a lot of buyers want to get into the market before further increases and as a hedge for their wealth. I've personally moved my portfolio to mostly cash and RE
P.s also consider that the meme from 2008 was buy the dip. If everyone (including a lot of people growing up then) is trying that then, sorry, but no dip.
Depends on what you’re in the market for. Any above 2000 build, 4bd+, 2500sqft, 5000sqft lot SFH with decent School and 30min commute to Seattle and Redmond are in demand and flying off the shelves.
Now if that is not what you’re looking for, you’re in luck!!!
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P.s also consider that the meme from 2008 was buy the dip. If everyone (including a lot of people growing up then) is trying that then, sorry, but no dip.
Now if that is not what you’re looking for, you’re in luck!!!