Sign up to get new listings emailed daily! JOIN SIGN IN
Jack Swaisgood and Nancy Nolf
REALTOR®, ABR, CRS, GRI, SRES
Facebook Icon Twitter Icon LinkedIn Icon YouTube Icon 

Date Archives: February 1st, 2018

Blog Home

Subscribe and receive email notifications of new blog posts.




rss logo RSS Feed
Financing | 2 Posts
Offers | 2 Posts
February
1

Real Estate Industry experts are predicting a 5% growth rate this year for Washington State.  That is significantly slower growth than the 12.5% pace we were in during 2017.  So those of you that were hoping for a bubble in the housing market to burst, may be disappointed.  Now 5% growth is still a very healthy rate of increase in housing prices, but nowhere near the explosive increases that appeared during the last "bubble".  A bubble requires both overvaluation and speculation.  Speculation is the real key to predicting a bubble about to burst.  We do not have that as yet.

In 2005 people were buying homes and letting them sit vacant and then selling them without significant improvements.  Classic speculation.  Currently prices are a touch overvalued, but there is little speculation.

Another indication of a housing bubble is the length of time that homebuyers are staying in their homes before turning around and selling them.  Lower numbers equals greater speculation.  We are not seeing that now.  People are currently staying in their homes an average of ten years.

So, people ..... don't sit on the sidelines waiting for a bubble to burst and get left behind by rising interest rates and a healthy pace of price appreciation.  Let us help you sort through the available listings for the right property for you.

 

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/10/2022. The listing information on this page last changed on 08/10/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NWMLS (last updated Wed 08/10/2022 1:44:06 PM EST). Real estate listings held by brokerage firms other than RE/MAX Northwest Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.


Listings marked with this symbol provided by the Northwest Multiple Listing Service

--

Privacy Policy / DMCA Notice / ADA Accessibility

Login to My Homefinder

Login to My Homefinder