Surprised to see 1m - 2m houses in Seattle moving pretty fast within couple days. Who can buy at this interest rates for that housing price. We are really bummed that these can’t bring down the prices. Worried that we will be able to ever afford. Moving is not an option at this point.

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Prices will continue to rise. At some point you will decide to make moving an option.

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Seattle is full of a lot of cash buyers that interest rates don’t have as large of an effect on. Sorry boss.

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Our house was bought all cash not too long ago for just shy of 3mill, so it’s definitely still in the realm of fast moving with rates.

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You can find houses under one million if you look outside Seattle and lower expectations a bit. I watch the listings everyday and I see a lot under 1M in the north end. Edmonds, Lynnwood, Kenmore.

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Understood. I was trapped in a school district I couldn’t afford to buy in in the past. It was tough! Best of luck to you!

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The housing shortage is what's keeping prices up and really what drove them so high to begin with. Then you have the ripple effect, where people priced out of Seattle are moving to nearby cities and out competing those buyers, who then move farther out to repeat the cycle. It's happening all over western Washington.

So if planning on buying now is the time? Waiting for prices comedown is not a good idea?

Yes the overall situation is not helpful

People who bought in 2020 saw their home values nearly double. So if you bought a $400k house in 2020, then today you’re in reach of $1m

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