Don't believe the "fake news" about Seattle's real estate market!
It is very weird that the media likes to portray our real estate market as "crashing" or a "bursting bubble".
We did have a slight correction in the summer and our inventory expanded to 2.7 months of inventory, however, we are now back at 1.6 months of inventory. Still seeing multiple offers in King County, and interest rates are rising.
Don't let the media scare you from investing in real estate, don't listen to your office colleagues that know nothing about the real estate market, but only read a headline of an article. Don't let these people give you false information.
Get educated on the facts and make a well informed decision. If you need help, I can help you get the information necessary so you can make a calculated decision on how to make one of the best investments you can make.
Here are some other fun facts
We are still the fastest selling real estate market in the country.
Prices are forecasted to increase about 4% this year (on average through king county) There will still be pockets and properties that see a higher rate of appreciation that is for sure.
Interest rates are forecasted to rise though-ought 2019 and expected to stabilize at 5.1%
Will still be low on inventory
Seattle is still a major attraction for big corporations resulting in 40,000 new Seattle residents in 2018 alone.