The Northwest MLS (NWMLS) has released statistics for October, 2013 last week. The short summary… the real estate market has put on the brakes. That seems clear. Now the question is “Why”? The possibilities include the effect of the government shutdown (undoubtedly part of it), typical seasonal slowdowns (starting slightly early), or below-normal inventories. I think the last is a bit of wishful thinking by brokers. I’ve been telling clients that there is a distinct possibility that the price recovery could stall, at least in the short run. Interest rates are holding fairly steady… but have still risen. Also, the ...read more
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Jason Hershey, Designated Broker
Tellus Real Estate Solutions, LLC
PO Box 1113
Duvall, WA 98019
Office: (877) 413-7325
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