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Posted on December 6, 2016 - 09:42 AM
by Lauren Gibson
According to a recent article in the Seattle Times, there is a buying frenzy going on across the Seattle Metro region spurred by fears of interest rate hikes during a Trump presidency. The mortgage rate hikes are in response to government bond holders fear of inflation driven by overspending by the next administration. Seattle condo prices are up 11.5% over the prior November 2015 prices. The median price of a Seattle condo now sits at $389,250. This panic buying is shrinking an already small inventory of available homes for sale.