Is The Wenatchee Housing Market Cooling?
There has been a lot of talk recently about an impending "housing bubble". Here is a link to a blog dedicated exclusively to the topic of the housing bubble theory. Today's post gives a summary of various markets and what is happening with inventory and price reductions across the country. I am getting more notices, through our MLS communication system, alerting us of sales that have failed before closing, and of price reductions. Is our market cooling a bit?
From my perspective, the affordable housing market in Wenatchee and the surrounding areas has cooled because there is, essentially, no inventory in the under $150,000 price range. People shopping in this range cannot afford homes in the higher price ranges... so they're not buying OR their financing is failing and the transactions are not closing. There is demand. There isn't inventory in the "right" price range.
For answers to specific real estate questions, contact:
Carol@TopPropertiesWenatchee.com
www.TopPropertiesWenatchee.com : Search homes and/or land for sale
www.CarolsWenatchee.com/wenatchee-realestate: Current news, info & trends
Carol Williams
in Wenatchee Washington Real Estate, Miscellaneous news, info, ramblings, General Area News & Info, Buyer Needs
|
Post a Comment
View Printer Friendly Version
Email Article to Friend
Reader Comments