Market Insights: June 2020
"After a rough spring, the economy is looking up this summer, as nearly 5 million Americans went back to work in June. That's likely to provide another jolt to the already hot housing market" (realtor.com). King County is still seeing low months of supply (even as low as .5 months in some areas), so it continues to be a Seller's market. Unemployment remains high, but month-by-month it is slowly decreasing and more people are going back to work and getting new jobs. We are optimistic that this trend continues through the remainder of the year!
According to Freddie Mac's Economic & Housing Research group, as of July 2, 2020, "Mortgage rates continue to slowly drift downward with a distinct possibility that the average 30-year fixed-rate mortgage could dip below 3 percent later this year."
Our New Home Specialists are here to help set you up for success when purchasing your new home with JayMarc. Start a conversation with our team today!
Daniel Sessoms | firstname.lastname@example.org | 206.779.9662
Kelly Langston | email@example.com | 318.751.0301