Infiniti Real Estate & Development
Seattle Real Estate Market Forecast
A brief dip in mortgage rates from November to January sparked hopes that the housing market might loosen up, but new data shows that both the Seattle and Puget Sound real estate markets still face challenges.
As 2021 comes to an end, everyone is still feeling the pandemic’s influence on the world. In the real estate market, it was challenging year to buy a home.
The key factors in this year’s market were low inventory, low interest rates, high demand and fierce competition.
2020 was whirlwind year for the real estate markets. Low interest rates, competitive buying, election panic selling, and all time highs in the purchase of luxury real estate, all during a pandemic! 2020 was a good year to be a seller.
This past week one quarter of the planet closed their offices and returned home to celebrate the Chinese New Year on Feb 14 – the Year of the Golden Tiger. In Chinese astrology the tiger is considered to have courage, passion, fearlessness and power. On the other hand this year is considered an unlucky year for the tiger who can also symbolize volatility, dramatic change and cataclysm.