Home Prices on the Rise in Seattle
Eager House Buyers and Housing Shortages
Metropolitan areas where home-buying is on the rise have contributed to the spiking of prices of homes across the US. Seattle WA, together with Portland and Denver, registered gains in real estate transactions and also paved the way for increased house prices.
There are housing shortages in some markets that drove home prices still higher. The limited inventory is said to be caused by not enough new homes being built since recovery from recession, sellers (like the elderly) refusing to part with their properties and opting to stay. There are homeowners who have to shell out money to settle an old loan, hence couldn’t sell and those who couldn’t sell their old homes because they couldn’t find a new one. Also, you’d find an increasing number of people who opt to stay put where they have been living and will not want to relocate even if they’ve got new jobs in other places. These are seen in both new and existing homes, in spite of low mortgage rates and in spite of eager buyers.
Mortgage Expertise in Lynnwood
If you are a homebuyer, prospecting for that house of your dreams and finding difficulty of locating one in Seattle, try looking not too far north and you might find one in Lynnwood. Lynnwood is a lovely mix of urban, suburban and small city to many professionals working in Seattle. Nonetheless, you need the expert assist of an experienced and trusted mortgage company that knows the intricacies of housing loans. With David Haley of Fairway Mortgage in Lynnwood, learn how acquiring the best loan options is made very easy. Many Washingtonians have come to rely on David for expert speedy resolution of loan applications.
