The Federal Reserve left the federal funds rate unchanged today which should prevent a large spike in interest rates. The Federal Reserve said it was “prepared to provide additional accommodation if needed to support the economic recovery.”
This could have a positive effect in the local real estate market as with the continuation of low rates, buyers purchasing power remains strong. Couple that with the recent spike in inventory in the greater Seattle area, it is a great time to be a buyer. September and October could be very good months for the overall real estate market in and around Seattle.
Brian Kayler - Business Consulting 