Seattle Housing Market is a Pressure Cooker Situation for Home Buyers

Job growth and a recent run-up in mortgage rates .  An "Extremely intense market for each new listing," stated J. Lennox Scott, chairman and CEO of John L. Scott Real Estate in commenting on the latest statistics from Northwest Multiple Listing Service. MLS figures for March show a surge in both new listings and pending sales compared to February as the spring market heats up, which makes for an intense housing market in Seattle.  Compared to a month ago, pending sales climbed more than 29 … Continue reading...