Housing-market indicators are down throughout the 23 Western Washington counties served by the NWMLS. Bubble Trouble: Seattle-Bellevue Metro Housing Market Goes South ... but most importantly through the large property price crash building so many market-rate units would entail. She said she thinks it's really important to have a socioeconomic mix in all neighborhoods. "These low rates really make home prices and monthly mortgages a little bit more affordable and that's increasing and making demand really strong," he said. In the housing market, she said, in the first quarter, there is a lot of escalations and high demand. Usually, there is appreciation in the first few months and between June and December it levels out. Amazon, Go to company page Go to company page Download the spreadsheet To get a better idea of what the housing market will look like in 2020, we asked four experts what they thought. Here’s what happened last month in the Seattle-area housing market: Home prices and pending sales fell slightly, but closed sales rose to the highest level ever seen during an October—over 3,000 sales. "That is still proving to show that our economy in our region is very strong.". So why has inventory dropped so drastically? Here's how to avoid buying a house that might soon need major repairs. Baton Rouge, Louisiana, is expected to see a housing market downturn of 2.3%, the worst in the nation, after the coronavirus pandemic. Analysts were already predicting a housing market crash. See the full listing here. The latest reports for this housing market point to an ongoing slowdown in price growth. He said right around this time last year, there was much more housing inventory, which meant there were fewer competing offers. This is due to - New H1B Rules - Cool down of 2020 spike - Boeing layoffs so make your moves carefully. Seattle is also projected to see over 2.2% economic growth and 2.6% job growth, she said. She noted affordability continues to be an issue in the region. In January, there's typically a lot of buyers who come back into the marketplace, she said. She said she's been hearing it a lot over the past 20 years. The outbreak of the novel coronavirus might be the thorn that makes this bubble pop. Specially suburban north of Seattle like lynnwood, Bothell, Millcreek and others.This is due to- New H1B Rules- Cool down of 2020 spike- Boeing layoffs so make your moves carefully. Walmart, Go to company page Experts say it's likely the Seattle-area housing market won't cool down over the next year. Looking at the economic forecast of the region, she said there's nothing pointing toward a bubble bursting. Becca Savransky is a reporter/producer for the SeattlePI. Another capital city will take a housing market hit heading into 2021. Did you forget the cost of lumber? Seattle is strong, especially with tech companies bringing so many people into the city, and construction hasn't been able to keep up with that. Microsoft, Go to company page It’s clear that the Seattle housing market 2021 won’t see a boost … This article examines three important factors: inventory, income stability, and interest rates. Trump only did that to please his base. Bressler said the year started out really strong for sellers as inventory is at a 20-month low. She recommended people looking to sell their house get the market before the end of April. Once price growth starts slowing, sellers pull back. This has left some Seattle-based real estate agents, such as Jerry Martin, concerned about where the bottom of this slowdown lies. And although there have been some reports warning of a housing market crash, economists and realtors in Seattle say they're not too worried right now. 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