So here is a story getting play in the local media. Seattle area housing posted its first year to year price decline since 1991. The price of a typical Seattle home is down 1.3% from January of last year. This is not a big drop but it is a drop.
However, homeowners that have owned for a few years are still holding onto significant gains in appreciation...and current buyers may start to see more appealing prices. Key word here is: "may."
At any rate, this will be an interesting trend to follow throughout the spring and summer.
Read full article here.
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