This month kicks off the season that we Pac Northwesters look forward to all year long. As high pressure systems grace us with their presence, we can count on the sunsets being beautiful, the days lasting forever and the play is plenty. You're likely off to enjoy the many activities that our region has to offer.
On the small chance that you're thinking about the housing market, there are 3 basic things you need to know locally. (1) Housing inventory is tight, (2) prices are relatively strong and (3) demand for housing is still incredibly strong.
With debt ceiling deal seemingly out of the way, mortgage rates are hovering just under 7%. The good news for home buyers looking for a mortgage is that long term rates have stabilized and most likely will ease in the coming weeks. Home sellers will also benefit from stable mortgage rates. Expect the housing market to give the slight edge to home sellers this summer. We are still seeing multiple buyers interested in most homes for sale.
TDT's client success story of the quarter!
Our clients found themselves as empty-nesters. They made the tough decision to move from a beautiful home with prime location, great schools and where they raised their kiddos for the past 16 years to a Puget Sound waterfront dream home where they now enjoy waking up everyday on the water. It's been reported that they are loving life, no regrets making the move and still making memories with their family and friends.
Here's how it can work for you: