If you live in the Pacific Northwest and are in the market for your first home, but you haven’t won the lottery or don’t work in tech, then your prospects may be looking pretty grim. Despite the Fed raising interest rates, home prices have either plateaued or continued to rise. In Seattle, the average single-family home is selling for $770,000, which is $10,000 higher than three years ago at the start of the pandemic. Making matters worse, interest rates are about 3% higher than they were last year. This means that if you were to buy the average Seattle home […]
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