Home buyers need to hurry, here’s why – in Seattle –

My list for what’s driving the Seattle housing market:   

 

* Mortgage Rates will climb when Fed raises prime rate early 2019.

* Amazon announces HQ2 location(s), will Amazonians move? Not likely, Seattle is still one of the most desirable cities in US for tech workers.

* Facebook just announced, increasing office space in Bellevue + S. Lake Union.

* We have 34 Fortune 500 companies in Seattle, was only 7 in 2010! 

* Seattle will still be hiring moving into 2019. We’re more than just Amazon.

* Home Prices will continue to increase at new slower rate but Still Increasing.

 

 

Because of all of these reasons, I think the Seattle housing market will continue to grow and appreciate.

So, waiting for prices to drop is a long shot and the wild card of increasing Interest Rates will lower buyer’s purchasing power next Spring.

We know where we are now, the future is a gamble with so many variables.

This is why buyer’s should purchase this winter in Seattle.

RBJ.

Posted on November 6, 2018 at 1:08 pm
Robert Johnson | Category: Market Info | Tagged , , , , , , ,

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