“The assumption would be that we’ll see prices or demand decline, but that hasn’t happened.”
from the Northwest Multiple Listing Service, the median price of a residential home in King County rose 12% year-over-year in March, with increases of 16% and 25% in Pierce and Snohomish counties respectively.
“We saw a massive jump in mortgage rates — they jumped by a point and a half in the space of 12 weeks,” he told KIRO Newsradio’s Dave Ross. “The assumption would be that we’ll see prices decline or demand decline, but that hasn’t happened.”
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