Seller Saturday: Interest Rates Drop Again

Interest Rates Drop Again

Interest rates ended last week at 3.675%, down from 3.85%. Sales of homes in the Burien and Normandy Park area of Washington have seen an increase. Take a look at the Trend Graph for these areas (click on the Resource tab of this website). The number of homes for sale has decreased and sales have increased, since January of this year.

The good news for sellers is: The number of homes for sale is down, so less competition for you.

The good news for buyers is: The interest rate for a loan is down, so you can buy more home for your money.

The good news for both buyers and sellers is: The real estate market in Seattle, Washington is alive and doing well.

Contact me to assist you with the purchase or sale of your home. It’s a great time to buy or sell.

 

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