Wednesday, January 28, 2015

Seattle Home Prices Up 6% Over The Past Year

* Synced from Seattle and Real Estate Blog
The local housing market continues to grow on a yearly basis, with prices for single-family homes in November 2014 having risen by 6 percent over November 2013, but the market also saw slowing monthly growth for the third month in a row, according to the S&P/Case-Shiller home price index released Tuesday. Despite the slowdown, Zillow’s Chief Economist Stan Humphries told The Seattle Times that the Seattle area’s housing prospects for 2015 are still strong, and the slowdown represents merely the market settling back in to normal levels. The Seattle market continues to outperform both the 20-city index and the national market, which saw annual growth rates of 4.3 percent and 4.7 percent respectively. Rates for 30-year fixed mortgages have held steady over the past week at 3.58 percent.

7 comments:

Kathy said...

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Levi Bryde said...

Mortgage rates are going up, making it more difficult for many people to make ends meet and pay for their homes. These people can't risk it all with so much weight on their backs. When you buy a house, you need to find the best mortgage rate. It is possible to get the best deal on a mortgage from just a few different lenders. In this case, it's Mortgage Intelligence, which is one of them. Mortgage Intelligence is here to help you get a low rate on your new home. If you want to buy a new house in Oshawa but don't know what amenities you need, you can ask them. People in Ontario live in the capital city of Oshawa.

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vegitajames said...

It's truly inspiring to see the Seattle housing market thriving, with home prices increasing by an impressive 6% over the past year. This positive trend not only reflects the city's economic growth but also indicates a strong demand for residential properties. As a prospective homebuyer, I am thrilled to witness this upward trajectory, as it signifies a healthy and flourishing real estate market in Seattle.
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