Real Estate, Seattle, Buyers, Sellers December 30, 2014

Potential Housing Trends In 2015

Every year we read articles forecasting what the upcoming year will bring. A lot of the predictions come from looking at the past years trends and analyzing that data for the upcoming months. Over the past 18 months, many analysts have predicted an increase in interest rates and large pocket of new real estate inventory to hit the Washington market. As real estate professionals, we have waited and we have waited. Interest rates have not risen to above the 5% mark, in fact, they actually took a dip in the early parts of December 2014. Inventory, especially in King County has remained extremely tight causing bidding wars and a steady increase in median homes prices. CNBC has provided us with a great look into the potential trends we need to be on the lookout for in 2015. Enjoy!