August 23, 2019

Prediction for the Seattle housing market . . .

Seattle’s healthy employment picture coupled with its consistent population growth will increase home sales in 2014 and make it the second hottest market in the county, according to Zillow, an online real estate marketplace. While Zillow economists predicted that mortgage rates will rise to 5 percent next year, they also said loans would be easier to obtain. Curiously, the national homeownership rate, tugged down by foreclosures the past five years, will hit its lowest point in two decades, Zillow predicted.

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