When the Chief Economist of NAR says "this is not the bottom for prices" you know the housing market is in for a wild ride… cnn.com/2023/03/21/hom…
Seattle Bubble
@SeattleBubble
Seattle real estate news, discussion, links, and so forth
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On the blog: Homebuyers are taking on monthly payments 59% higher than at the 2007 peak of the previous housing bubble. seattlebubble.com/blog/2023/03/1…
Dang, monthly payments for Seattle-area homes purchased when mortgage rates bottomed out in December 2020 were about the same as they were at the peak of the early 2000s housing bubble.
In the two years since then payments have surged 65%. 😱 #RealEstate #HousingMarket
In the two years since then payments have surged 65%. 😱 #RealEstate #HousingMarket
When the home you bought in 2022 is just a little underwater… #RealEstate
On the blog: Home prices are finally falling around Seattle—more than most places in the nation seattlebubble.com/blog/2023/03/1…
seattlebubble.com Home prices are finally falling around Seattle—more than most places in the nation Let's check up on what's happening with the Seattle-area housing market in early 2023, shall we?