A $150k income 'won't get you far' in Seattle's housing market: Here's why

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The real estate market in Seattle, or really anywhere in western Washington, is a lot of things. But affordable? Not quite.

According to a recent survey done by the Census Bureau, the average income in Seattle is $110,000. According to the Northwest Multiple Listing Services, the average price of a house in King County is $726,000 as of February 2023.Matthew Gardner, the Chief Economist for Windermere Real Estate, tells KIRO 7 that households with an annual income of $150,000 may qualify for a loan between $550,000-$570,000. In his words, “that doesn’t get you far in Seattle.

But really, no matter where you sit on the pay scale, Gardner says a good start to the homebuying journey is simple: save your money.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।

Also, conveniently located to major fentanyl use and trafficking.

No one wants to sell at a loss. Unless you bought your home 10 or 20 years ago you may be out of options. Lots of options in Texas or Tennessee.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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