View Tacoma Blog
How to Choose between Tacoma Neighborhoods
Marguerite Martin | April 21, 2023
Tacoma Real Estate Market Update Spring 2023
Marguerite Martin | April 14, 2023
Interviewing the best real estate agents in Tacoma 2022
Marguerite Martin | July 11, 2022
Tacoma Real Estate Market 2023
In the video we talk about how the Tacoma real estate market has been impacted by the increase in mortgage interest rates over the past year. The increase in rates means that buyers have a higher monthly mortgage payment than they did a year ago, which reduces how much home they qualify for. At the same time, sellers wanting to sell their homes and buy another face the prospect of selling a house where they had a 3% interest rate and having to get a new mortgage at more like 7%. This has lead to fewer homes for sale, which creates some pretty dynamic conditions in the local real estate market. As for what buyers and sellers should expect, Keryn repeatedly states in the video, “It Depends!”
Thinking of Moving to Tacoma? Checkout MoveToTacoma.com.
Still exploring? Check out the Tacoma Neighborhood Guide.
Renting first? Check out the Tacoma Rental Guide.
Want to learn more about life in Tacoma? Listen to the Move to Tacoma Podcast!