🏠 See how busy homebuyers are ahead of the election

Sellers pumped the brakes on new listings last week making it one of the rare weeks when more homes went pending than hit the market. It is a little surprising to see so many homes going pending given mortgage rates jumped from the low 6s to the low 7s. Though we’ve long felt it is savvy to buy in November and December when buyers are typically in the driver’s seat and you can beat the rush we always see at the beginning of a new year.

How is tomorrow’s election going to impact rates? In the long-term no one knows, but Mortgage News Daily has a prediction for what we’ll see in the short term.

— Matt, Land, Maggie & Alicia

LINKS

• Lake Forest Park home sells for 24% over list

• Mathews Beach home sells for 23% over list

• They found their dream home on a WA island — so did thousands of bats (Seattle Times)

• Is Seattle’s rental market ‘balanced’ or ‘absolute hell’? (Seattle Times)

• Town builder Casey Roloff outlines plan for Seabrook expansion (PSBJ)

• Region’s largest homebuilder invests another $7 million in Newcastle (PSBJ)

• Seattle home with ties to Weisfield Jewelers hits market for the first time in decades (PSBJ)

• King County weighs 49% hike in development permit fees (PSBJ)

NEW LISTINGS BY WEEK
More new listings last year at this time

HOMES GOING PENDING BY WEEK
Buyer interest stays strong

HOT NEW LISTINGS
Eye candy

Last week’s eye candy winner was a tie between a Enatai modern farmhouse and a Normandy Park midcentury modern.

THAT’S A WRAP
Here are 2 ways we can help

1. Thinking of buying? We’ve helped hundreds of people find their dream home in the Seattle area. We’d be happy to help you too. Just hit reply.

2. Thinking of selling? Hit reply, we can handle everything from start to finish. And if you’re hoping to sell this year, the time to get going is now!