April Market Update
Friends and Family,
Good afternoon. I hope you're having a great Spring so far and looking forward to a sunny forecast!
Things are great in the Maybell family. We recently returned from our semi-annual trip to Seabrook and are gearing up for long Sundays at the football field, as Nate, Jude and Dylan are all playing flag football this Spring.
-April Market Update:
-Seattle home price-gains lead the nation for 17th month in a row. Seattle home prices rose 12.9% over the same period a year ago, more than double the national average.
-Just 6 percent of homebuyers would cancel plans to buy if mortgage rates surpassed 5 percent. A survey commissioned by Redfin showed that buyers were generally unfazed by the prospect of increasing mortgage rates, with only 27% stating a hike to 5% would slow down their search.
-The current average interest rate for a 30 year conventional mortgage is 4.50%, down from last months rate of 4.58%.
Have a great April, and please let me know if I can help with anything real estate related. I'm here to help in any way I can.