We’ve had some active couple of weeks in both NW Seattle and SW Snohomish. Both Buyers and Sellers have been busy transacting! New listings were up 80% in NW Seattle and homes going under contract were up by 98%! Similar story in SW Snohomish, new listings up 58% and under contract up 80%. Both areas are seeing overall increased inventory levels, which is not unusual for this time of year.
As expected, the Fed did not raise interest rates at last week’s meeting. But Chairman Powell did indicate that he thought there was probably one more rate increase coming before the end of the year (boo!). I was listening to a podcast over the weekend and one of the concerns that was brought up was regarding the looming government shutdown and how that would impact the data collected by various agencies that the Fed relies on to make decisions. The worry was that the data would be delayed and then what would the Fed do at the next meeting, since they would be potentially flying blind? The logical response would be to do nothing if you don’t have data to make an informed decision, but let’s face it, the Government is not always logical!
Reminder, there is still room at our Free Medicare 101 Seminar that is this Wednesday evening. We would love to see you!
And as always, if you have any additional real estate questions, feel free to call/text us any time! We’re always here to help!
STEVE HILL
Broker | REALTOR® | Luxury Advisor | Premier Director
CELL 206-769-9577
SANDRA BRENNER
Managing Broker | REALTOR® | MCNE | SRS | CRS®
CELL 206-271-7100
WINDERMERE REAL ESTATE / FN
12250 Greenwood Ave N
Seattle, WA 98133
MAIN 206-367-4720
brennerhill.com
Equal Housing Opportunity
