Why Aren't Home Prices Dropping Despite the Pandemic? I Seattle Real Estate Podcast

Why aren't home prices dropping on a national basis? How can this be with 26 million Americans unemployed?

With businesses shut down, people at home, and restrictive social interaction on real estate transactions it seems like prices should be dropping. But are they are not.

Join Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he discusses what is happening with pricing in Seattle on this episode of the Seattle Real Estate Podcast.

Here are some of the topics discussed:

-Why limited inventory prevents prices from dropping
-Why this slowdown is so different than 2008
-When will the market turn back around
-Are sales happening now
-How many homes are being taken off the market
-Are multiple offer situations still happening

Why Seattle real estate stays so consistent
Real estate in Seattle holds value
Are home prices dropping in Seattle?
Seattle housing market forecast 2020
Seattle home prices increasing in some markets

#housingcrash #recession #realestate

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