This Seattle Times article, packed with interactive and informative info graphics, highlights the real estate market phenomenon occurring in the Puget Sound area. Check out the “House sales by sub market” tool to see the data specific to your area.
After a record breaking spring, King County had its hottest month of July since monthly records began in 2000 with prices growing more than $100,000 in just a year.
This may be a harsh milestone for buyers but is opening up new doors for those looking at refinancing to drop costly monthly mortgage insurance or tap into the newfound equity to consolidate debt or make upgrades to their home. Interest rates continue to remain at historically low levels but may start to increase as we close out 2017.