Thursday, September 10, 2015
Huge Price Gains
Two years earlier, according to a Zillow report from September 2013, the peak Zillow Home Value Index (basically, median home price) for a Seattle metro home was $379,200. This is more than a 32% increase over a two year period.
These price points make it very difficult for investors and first-time home-buyers to acquire property, even with current low interest rates. Affordability is such an issue in the Seattle area, that it is a major part of the local political discussion.
Bubble prices, anyone?