Hello, friends. Starting off the year, we’re seeing robust price growth across the housing market. However, the harsh weather has put a damper on home buying activity, particularly in cold-weather areas like {$city}, WA. According to Redfin agents, the market has slowed due to the weather conditions.
On a brighter note, warmer areas are still experiencing active buying and selling. Furthermore, mortgage rates remain moderate, currently in the mid-6% range, a significant drop from the 8% encountered just a few months ago. This rate reduction could influence a potential upswing in {$city}, WA as we move towards warmer months.
Key Takeaway: Weather impact is temporary — with lower mortgage rates, expect increased housing activity in {$city}, WA soon.
