Mar 13 2008
Seattle Condo Market Picks Up Steam
Spring is approaching for Seattle condo buyers and its seems as though more first time buyers are starting to search for Seattle condos. Tracking how many buyers are requesting showing appointments is a good metric to see which way the Seattle market is heading. In my opinion buyers who were waiting for long term interest rates to come down drastically don’t see this happening and realize we have some of the lowest rates since 1983. With the dollar declining versus other currencies you have to ask yourself how long will these interest rates stay this low.  Can the Fed keep the rates low for a long time or will they have to raise them to prevent inflation. The new loan limits should be available within the next week or so.  I’ve been told the new systems are still being put into place so these loans can be closed by the lenders.Â
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