HERE’S WHAT WE’RE TALKING ABOUT:
-Will our historically low interest rates finally start to move upward? The recent US jobs report, paired with European Central Banking news has some experts thinking the Fed will finally start to increase interest rates in December.
Housing inventory is slowly increasing throughout King County providing some relief to buyers. Local real estate agents have mixed feelings about the news. Some see it as a normal seasonal slow down others as a slight shifting in the market. Either way, we’re still one of the hottest markets in the country.
Residential rents are rising faster in Seattle than anywhere in the U.S. according to Zillow. Neighboring cities including Shoreline, Burien, Renton and Vashon have also seen 10.5%-14% increases in rental prices since August of 2015.