> Mortgage rates, tech layoffs slow down the East Side's once-hot real estate market
Mortgage rates, tech layoffs slow down the East Side's once-hot real estate market
Clip ID 2330700
Clearance
Add to
Share
Add to Review Link
By Request
By Request assets are not available for immediate purchase.
This content has not been pre-checked for copyright.
Per clip rates are for 20 seconds of final usage. If you are using more then 20 seconds or need a different file format or have questions about clearances contact us
Description
If you are looking to buy a home, you may have noticed fewer properties to choose from.
According to recent data by Northwest Multiple Listing Service, not only are the number of listings down but so is the number of people willing to pay for homes with mortgage rates of 6-7%.
That's having an impact on the median home price in King County which dropped 7% in February compared to the same time last year.
Read the full story here: https://www.king5.com/article/money/markets/real-estate/mortgage-rates-tech-layoffs-real-estate-market/281-8643c07e-82bd-46e1-8907-5eac5a2922a2