Real estate prices are not expected to decrease anytime in the future. Seattle is expected to see tremendous job growth this year as companies such as Facebook, Amazon, Google, Microsoft, and Starbucks continue to expand their domain within our city limits.
While this rapid expansion of Seattle’s job market is changing our economy, it is also creating a void in our housing market; there is a limited supply of homes and land. This is ultimately leading to higher home prices, a trend that is expected to continue through 2017.
Read MoreThis December, the Seattle housing market has presented difficulties for buyers as the market continues to favor sellers.
According to a new article published by the Northwest Multiple Listing Service (NWMLS), there are three main complications that home buyers are facing; increased interest rate hikes, a depleted inventory of homes, and rising housing market prices.
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