Seattle’s real estate market has demonstrated remarkable resilience despite ongoing interest rate hikes. But will Seattle’s home prices continue to climb, or are we heading toward a market slowdown? Even as interest rate hikes increase monthly mortgage payments and affect affordability, Seattle’s housing market remains strong due to high demand from tech industry growth, limited housing inventory, and attractive lifestyle amenities that draw in new residents and investors. While rising interest rates hikes can reduce demand, Seattle’s prime location and strong economy make it a top choice for long-term real estate appreciation. However, as some buyers face affordability challenges, the pace of price growth may slow, potentially creating new entry points for prospective buyers. Understanding these dynamics is crucial for homebuyers, sellers, and investors looking to leverage Seattle’s enduring market appeal amid shifting interest rates and market conditions.
How Interest Rate Hikes Are Shaping Seattle’s Real Estate Market
“Are interest rate hikes making you question your real estate plans in Seattle? In this month’s market update, we dive into how recent interest rate hikes are impacting Seattle home prices, buyer demand, and overall market dynamics across the Seattle area.”
Save The Date: Gingerbread Wonderland
Create, Decorate, Celebrate!
Get ready to kick off the holiday season with us at our Gingerbread Wonderland event! 🎄 Join us for a magical morning filled with creativity, holiday spirit, and sweet memories. Whether you’re a gingerbread house pro or just looking to have some festive fun with family and friends, this event is perfect for all ages.
Here’s what’s in store:
- Create: Roll up your sleeves and get hands-on with all the materials you need to create your own gingerbread masterpiece.
- Decorate: Assemble and design a gingerbread house that’s uniquely yours!
- Celebrate: Enjoy festive music, holiday treats, and a warm community atmosphere to get you into the holiday spirit. Children welcome.
This event is one you won’t want to miss! Register here on my EventBrite Page and stay tuned for more details as we get ready to bring the wonder of the holiday season to life.
Fun Things To Do In Seattle: 59th Annual Veterans Day Parade & Observance
Join Patriots of all stripes for a day of remembrance and celebration at the 59th Annual Veterans Day Parade & Observance! Honoring our nation’s heroes, this event promises a meaningful experience packed with family-friendly activities. Come early to grab a spot for the impressive parade, featuring marching bands, local veterans, and vintage military vehicles. After the parade, explore Seattle’s bustling cafes, local shops, and beautiful parks, or take a short stroll to popular attractions like Pike Place Market and the Seattle Great Wheel. This is a perfect day to enjoy Seattle’s unique charm while paying tribute to those who’ve served!
59th Annual Veterans Day Parade & Observance
November 9, 2024
Legally Blonde: The Musical
November 12 – December 22, 2024
Museum of Flight Veterans Day Celebration
November 11, 2024
As November settles in, Seattle comes alive with our evergreen spirit, fairy lights, and a calendar packed with events for everyone. From seasonal markets and holiday light displays to cultural festivals and cozy cafes, there’s something special happening around every corner. Don’t miss out on all the exciting activities this month – visit my website for a full list of must-see events and local happenings. Let’s make the most of this beautiful season together in Seattle! 🍁🎉
Looking for excitement? Check out more Fun Things To Do In Seattle!
What To Expect For Mortgage Rates and Home Prices
As we look ahead to 2025, there’s good news on the horizon for both homebuyers and sellers. Experts are forecasting positive trends in two critical areas: mortgage rates and home prices.
1) Home Prices Are Currently Low Due To Election
We typically see home prices decline in autumn, but this year – due to the election cycle – we expect this effect to be even more pronounced. If you’re looking for a deal, it’s a great time to negotiate.
Forecasts show home prices should trend upward in 2025.
2) Mortgage Rates Likely to Decline
After some big ups and downs over the past few years, mortgage rates are projected to ease in 2025. While the decline might be gradual and subject to ongoing volatility, the overall trend should provide relief for buyers.
Lower rates mean better affordability, helping buyers manage monthly payments and encouraging more people to enter the market. However, increased demand may boost competition, so working with a knowledgeable agent will be essential to navigating these shifts.
For a deeper dive into these market trends and how they might impact your plans, read more about What To Expect From Mortgage Rates and Home Prices in 2025.
November’s Top Deal: Must-See Kenmore Condo!
This month’s best value just got even better! Don’t miss this incredible opportunity to own a beautiful home at a newly-reduced price.
Located in the sought-after Kenmore neighborhood in the Northshore School District, this property offers both charm and modern convenience, making it perfect for buyers looking to maximize their budget despite rising interest rates.
With 991 square feet, a remodeled kitchen and fresh paint, and easy walkability to shops, restaurants and the Burke-Gilman trail, it’s a standout option for savvy homebuyers. Act quickly—at this reduced price, we’re already getting increased activity, and the property won’t last long!
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