Homeownership is more than just a lofty American dream — it’s how many can build generational wealth. And while the Seattle housing market has been very competitive — with home prices up 3.1% year-over-year in August 2024, according to Redfin — home buyers who have been waiting on the sidelines for prices to become more affordable might see some relief soon.

Topics:  american   seattle   august   redfin   federal reserve    u.s    rates   homeowners   prices   
BING NEWS:
  • How city leaders want to patch Seattle's $250 million budget deficit
    Seattle leaders have known for years the revenue base for the city’s general fund – largely reliant on regressive tax sources – can’t keep up with increasing costs and demand for services.
    09/30/2024 - 2:07 pm | View Link
  • Homes Are Changing Hands at Historically Low Rates. Here's Why
    A big reason why is higher mortgage rates. Redfin noted that more than 75% of homeowners currently have a mortgage rate of 5% or less, which makes them hesitant to buy a new house at current rates.
    09/30/2024 - 4:39 am | View Link
  • Current mortgage rates 2024
    Since then, mortgage rates have trended downward with periodic ... by extending your loan term or by converting to a different loan type. Homeowners often do this when: Their credit score improves.
    09/29/2024 - 1:00 pm | View Link
  • Mortgage rates are dropping. That doesn’t mean it’s time to buy a home.
    My grandmother just kept emphasizing that renting was not wise, even though I was paying a very reasonable amount for that time period — about $400 monthly for a one-bedroom apartment in West ...
    09/27/2024 - 12:19 am | View Link
  • Mortgage rates are dropping: what it means for local homeowners and homebuyers
    Mortgages respond to market conditions, including the Fed’s monetary policy. As interest rates climb, so do the interest on new mortgages and mortgage payments. Conversely, if rates fall, so does the ...
    09/19/2024 - 9:23 am | View Link
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