Bourassa Quoted in Tacoma News Tribune on Real Estate Trends
Posted: 9/5/2024 (CSDE Research)
The Northwest Multiple Listing Service, which tracks real estate trends in 26 of the 39 Washington counties, recently released data that states that there are more homes on the market this month than there were a year ago. While new listings are up, interest rates may come down. On August 1st, the rates were 6.73%, which is the lowest since February, but that interest rate is still a significant difference from the average of 3.94% that it was five years ago. However, this may change in the future. CSDE Affiliate Steven Bourassa, Director of the Washington Center for Real Estate Research at UW, says that the Federal Open Market Committee of the Federal Reserve Bank will lower rates next month. Visit the Tacoma News Tribune article to learn more about real estate trends in Washington State.