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Lowered mortgage rates spur hope for buyers, but rising prices still limit activity

By jnaegeli / October 15, 2024 / Comments Off on Lowered mortgage rates spur hope for buyers, but rising prices still limit activity

Back to News Center Mortgage rates fell to their lowest level since February 2023 last month, but the cut did not spark much movement in homebuyer demand, according to the latest data from Northwest Multiple Listing Service (NWMLS). Its report for September showed year-over-year (YoY) gains in both new and…

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Housing Inventory Improves, but high prices, interest rates are constraining activity

By jnaegeli / July 15, 2024 / Comments Off on Housing Inventory Improves, but high prices, interest rates are constraining activity

Back to News Center Despite strong gains in inventory levels, Northwest Multiple Listing Service reported year-over-year (YoY) drops in both pending sales and closed sales during June for the 26 counties in its monthly report. The area-wide median sales prices rose 4% from twelve months ago. King County’s pending sales…

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