E7: Is Seattle Affordable Anymore? The Current State of The Housing Market

In this episode of Seattle Living & Wealth Building, we’re joined by Jae Koh of im3rd Media to talk about what’s happening in the real estate market right now. Jae is a Seattle real estate agent himself, so he’s here to help shed light on how inflation, home prices, and even the stock market is impacting Seattle living and wealth building.

Tune in learn how your home buying power has changed in 2022, what’s making people buy and sell successfully in the current real estate market, why people are moving to and leaving Seattle, and much more.

Questions Answered:

- Who can and cannot afford to buy a home right now? 

- How have housing prices changed in the last year? 

- When is the best time to buy real estate?

- How bad of a recession can we expect?

- What can I do to sell my home more quickly and for the best price?

And more!

Key Topics/What You’ll Learn:

• [00:41] Introducing Jae Koh & the topic of today’s episode
• [02:51] Market Update (June/July) & Advice for first time home buyers 
• [06:30] Home pricing has become much more important… Here’s why.
• [10:25] Justin’s projection for Seattle real estate pricing in the next 12 months
• [12:17] You can now get a lower mortgage payment with less money down than 3 months ago!
• [14:04] What is an ARM (Adjustable-Rate Mortgage)? Should I take advantage of an ARM in 2022?
• [19:56] Are buyers regretting buying a home 3-5 months ago?
• [26:14] The power of purchasing properties as long-term investments & How COVID impacted the real estate industry.
• [36:56] Expert tips and advice for home sellers in 2022
• [46:36] Why are people moving to Seattle?

Connect with Jae & im3rd Media:

Visit their website: https://www.im3rdmedia.com

Follow them on Instagram: https://www.instagram.com/im3rdmedia

If you enjoy Seattle Living & Wealth Building, please RATE/REVIEW us on Apple Podcasts and SHARE it with a friend or loved one you think would enjoy it too!

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Buying or selling a home? Visit our website to get in touch: https://www.mwagnerhomes.com

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Seattle Living & Wealth Building is produced by Wagner Real Estate Group which is based in the Seattle, Washington area. With over $225 million sold in the last 5 years, plus 17 years of total experience, we thrive to provide exceptional real estate services in an innovative, collaborative, and positive-minded team approach.