Posted by: The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

5 responses to “Redfin: Winter Already Here in Seattle Real Estate”

  1. hrpuffnstuff

    First one to comment! November data looks ho hum. What’s interesting to me now is what will the suring interest rates do to demand?

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  2. uwp

    Echoing what puffnstuff said.
    While I had no delusions that RE was going to screech off to V shaped recovery next spring, the action in the 10yr the last 2 months has been frightening for anyone thinking about interest rates.

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  3. JW

    that’s the million dollar question…how much impact will rising interest rates have, how high will they rise and how fast.

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  4. query_squidier

    When the 30 yr fixed mortgage rate starts to rise will be the time I sincerely start looking to buy my first house. I’ve watied this long and have a sizable down payment now (which, luckily, continues to grow) but I’m not going to go “all in” until it makes sense.

    For the interest rate trends, a simple Google yielded:
    http://mortgage-x.com/trends.htm

    I really hope that house we all wagered on closes on the Ides of March like I predicted, lol.

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  5. BillE

    By query_squidier @ 4:

    When the 30 yr fixed mortgage rate starts to rise will be the time I sincerely start looking to buy my first house. I’ve watied this long and have a sizable down payment now (which, luckily, continues to grow) but I’m not going to go “all in” until it makes sense.

    Yes. Imagine the confusion when I told an agent I wouldn’t mind rates going higher. With prices already sliding downward, higher rates could help make my down payment closer to a full payment.

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