I hope you find the information below helpful and informative. If you know someone who is thinking about selling their home or wants to buy one, please send me their contact information and I will get in touch with them. I am never too busy for your referrals!
Eastside
EASTSIDE Housing Update—Resale Only
April 2022 (March Recap)
Extremely Strong Spring Housing Activity
The housing market is following normal spring seasonality with more resale listings coming on the market and a higher number of homes reported as pending. For the Eastside market, there continues to be an ultra-extreme shortage of unsold homes under $2 million where 82 percent of the sales activity takes place.
Home mortgage interest rates have returned to pre-pandemic levels. As far as the future outlook for the housing market goes, we will focus on the overall economy, especially job growth.
J. Lennox Scott, Chairman and CEO of John L. Scott Real Estate
Eastside Housing Update
DO YOU KNOW HOW MUCH EQUITY YOU HAVE IN YOUR HOME?
If you’re a homeowner, your net worth has gotten a big boost. That’s because recent home price appreciation has increased your equity. Your equity grows as you pay down your loan and as your home increases in value. Over the past year, the average homeowner’s equity grew by $55,300.
Ready to sell? Reach out to your local real estate professional to talk about how you can use that equity to fuel your next move.
Source: keepingcurrentmatters.com
11040 Main Street, Suite 200, Bellevue, WA 98004
Main Office 425.454.2437 | Fax 425.451.2525
Office Open Mon-Fri 8:00 am to 5:30 pm | Sat-Sun 9:00 am to 5:00 pm
