What to expect from Seattle's housing market in 2023

Home sales have declined in Seattle, part of an expected national trend. Photo: Mike Kane/Bloomberg via Getty Images

Home sales next year may fall to their lowest level in more than a decade, Seattle-based real estate company Redfin predicts.The number of homes sold in the U.S. is expected to decline about 16% in 2023 over 2022 to the lowest level since 2011. The company cited high mortgage rates, still-high home prices, persistent inflation and a potential recession as causes for the slowdown.The U.S.

Property owners are paying more thanks to interest rate increases. They will pass along their cost increases to renters. Rents are going up, not down.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here are five stock-market 'early indicators' that could impact returns in 2023As investors look back after a brutal year for markets, many are asking themselves the same question: was there anything we could have done to sidestep a... I read lots of books for investment, watched many videos but nothing to show off.Under 5days of investment with Morris_Huxley ♥️ I have learnt and earned profits of at least $3850 in Days 💰.So grateful to have an opportunity with Morris_Huxley contact him to invest on TRADING
Source: MarketWatch - 🏆 3. / 97 Read more »