“What’s going to happen to [Seattle area] home prices? They’re certainly not coming down. They’re just going to continue to rise.” “Would it make sense to wait? I just don’t think it does.”
“We’re in a situation with very significant inflationary pressures … We’ve seen a massive jump of two percentage points over the last three months since the Fed made that announcement,” Matthew Gardner, Windermere’s chief economist, told KIRO Newsradio.
The million-dollar question is to what extent the Federal Reserve will manipulate interest rates in the coming months. Gardner could see the Fed going either way, with the caveat that home prices will mostly stay on an upward trend. Complicating Seattle’s real estate market is the fact that luxury home building is a more attractive market for developers: there is not enough of a return on development targeted toward first-time buyers.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Housing market slowing rapidly amid interest rate hikesICYMI: Housing market slowing rapidly amid interest rate hikes — via financialpost Housingmarket RealEstate Mortgages Economy
Baca lebih lajut »
Average long-term US mortgage rates highest in 12 yearsLong-term U.S. mortgage rates rose for the seventh straight week, climbing to their highest level in more than a decade.
Baca lebih lajut »
Houston homebuyers grasping for any deal in red-hot market may get shut out by higher mortgagesMortgage rates — which have jumped two percentage points since the end of last year —...
Baca lebih lajut »
Cleveland leads the nation in new foreclosure filings, Ohio third among statesNew numbers out show the nation’s foreclosure rate is on the rise with Ohio one of the states with the sharpest increase and Cleveland number one among all major cities.
Baca lebih lajut »
UCLA Survey: LA County Quality of Life Hits Lowest Level in Seven YearsHigh prices, homelessness, rising crime and health concerns are taking their toll on quality of life in Los Angeles, according to one UCLA study.
Baca lebih lajut »