Seattle Real Estate Market Watch – 9/13/2022

Here is my breakdown of the market this past week of 9/13/2022!

A lot of changes are happening in the markets right now, so I wanted to go over the current state of the real estate market, fed rates, and the stock market. I hope this video can give some clarity on the current state of the markets!

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Other links you might be interested in:

Seattle Real Estate Market Update September 2022 -
Average Down Payment on a House in 2022 | Debunking the 20% Myth

[kenngo]

Thanks for the update. Yes, biggest housing price drop in bubble areas like California, Seattle, and Florida. Stubborn inflation means that mortgage rate will hit 7% and even 8%. Data like day sales outstanding and monthly supply of new house are more meaningful so suggest reporting that. Btw, last time mortgage rate hit 6.3+% was back in 2008 when the market crashed. I think your viewers and potential clients are looking for realtors with foresight on where the market is going right. This market is so transparent, even Redfin and Compass Mortgage company have laid off 900+ employees.