Hey friends, it’s Tommy Mutchler. The housing market has started the year strong with significant price growth. However, harsh weather has impacted the activities of potential homebuyers in some areas, a concern also echoed in the {$city}, WA market. According to Redfin agents in affected areas, home buying activity has been slow in the new year. Contrastingly, warmer regions are buzzing with the activities of buyers and sellers due to steady mortgage rates lingering in the mid-6% range, a dip from 8% a few months back. Therefore, weather plays a significant role in the current housing trends we’re seeing in {$city}.
