Seattle Real Estate Market Watch 9/14/23
August, 2022. Last August, we started filming the first Seattle Real Estate Market Watch videos, mainly as a response to the quickly shifting Seattle housing market and really across the country. The markets were changing pretty dramatically entering a season of correction. And well, we've kept doing them per popular request and we just kind of crossed that one year mark here a couple weeks ago. So wanted to celebrate that and thank you all for paying attention and watching these videos on a weekly basis. I hope that you're getting some value out of it. In fact, I'd love it if you would comment down below or even drop a thumbs up if you want me to keep making these videos as the market changes less and less on a regular basis. I don't know if it makes sense to continue doing these, but if that's what everybody wants, I'll continue making these weekly videos.
One thing that keeps changing or seems to be changing almost daily right now are mortgage rates. And I was looking back at the rates from last week and last week's video mortgage rates were around 7.26% on Mortgage News Daily's survey. And if you're new to these videos, I like to look at the Mortgage News Daily website. There are lots of different rates out there for mortgages, and you'll find a different rate on every single website. So I think Mortgage News Daily does a great job of bringing data together and giving us an average, giving us something to shoot for and know, okay, yeah, these people are a little on the higher side. These people are a little bit on the lower side, but this is our average rate that we're seeing for any given day. So I like their product and their website. I also was looking back at last year and since we've been doing these now about a year, it makes sense I think to look back and see where we were and where we are.
