Reflecting on 2024 with Gratitude and Optimism As 2024 comes to a close, I’m reminded of the unique challenges and opportunities this year brought. While many hoped for a more significant drop in interest rates, the Federal Reserve’s delays and modest cuts kept 30-year conventional mortgage rates between the mid-7s to mid-6’s (currently 6.875% to […]

Hello!  It seems impossible that we are already in mid-July and in the throws of summer weather that we often don’t experience in Seattle. We have had an interesting year so far. The tease and promise of the Federal Reserve lowering the interest rate didn’t happen and mortgage rates were stubborn — staying in the […]

Hello and welcome to 2024!  Last year was an interesting year for Seattle area real estate. Single family residential sales were off due to lack of supply and low demand from buyers.  The number of houses for sale were well below the ten-year average. The interest rates rose and peaked in October, finally coming down […]

Hello and welcome to the 2nd half of 2023!  An interesting year for Seattle area real estate. Single family residential sales are off due to lack of supply and tentative demand from buyers. In May for example, new listings were 32% below the ten-year average. The interest rate hikes of 2022 peaked in October and […]