Is the real estate market headed for a crash? According to the latest numbers from the Northwest Multiple Listing Service, not yet.
As mortgage rates have inched upward, topping 6 percent for the first time since 2008, would-be buyers are holding off, waiting to see if housing prices continue to decline. In Seattle proper, some neighborhoods saw dips in August median sale price growth. Others still made modest gains. So what about the suburbs, where skyrocketing prices and bonkers year-over-year price growth have been the name of the real estate market game for the last couple of years? As you can see, it’s a mixed bag.
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