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Since September 2016, Seattle has been the hottest housing market in the country. Home prices here have grown by about $200,000. But all of that changed in August of 2018 when inventory almost tripled and home prices fell on average $25,000. So what does this mean for the Seattle housing market? Will we see another housing crash like in 2008? Will we lose all of the equity our investments have gained? Will we be okay, Seattle?
Tyler discusses all of that and more on today’s episode of the Rise Seattle Podcast.
Discover how Tyler's process has helped people like you secure their spot in Seattle.
Host: Tyler Davis Jones: Website, Twitter, Instagram
Resources:
The Seattle Times, More Seattle-area home sellers lower list prices as market cools way down, Seattle’s nation-leading streak in home-price increases now tied for 2nd longest on record
Windermere Statistics, Download PDF here
Alan Pope & Associates, Absorption Rate PDF
Market Watch, Interest Rates
King5, Las Vegas Beats Seattle
S&P Dow Jones, August 2018, August 2017
CNBC, Home prices rise at slower rate, The stock market looks like it is due for more pain, even as it teases with comeback rallies, Trump signs the biggest rollback of bank rules since the financial crisis
Urban Condo Spaces, 10 Year Chart Of The Seattle Real Estate Market Is Mind Blowing