WA: Seattle Housing Market Cooling

KingTV headline: Seattle-area housing market cooling down, but buyers still face concerns


“Affordability is off and psychologically people are waiting for prices to come down more,” said Charles Nay, who is the Regional Vice President for Guild Mortgage Company.

“Literally houses are staying on market a lot longer. House prices are dropping anywhere from $50,000-100,000. I’ve seen houses drop $300,000,” said real estate broker Ali Samael.

Realtors say what we’re seeing is the housing market going back to normal.