Seattle Real Estate News

A lot more homeowners nowadays are staying put and are sprucing up current homes rather than moving  up to a larger place as their family grew or the home became outdated. They are also eager to hold onto the ultra-low mortgage-interest rates  they obtained after the crash.  Homeowners are expected to stay put for 15 years instead of 5 years traditionally.  The trend is so pronounced that it changed the dynamics of the housing market. It's fueling brisk sales in the remodeling business and at home-improvements stores such as Lowe's and Home Depot but it's leaving very few homes available for sale and causing prices to jump due to short supply.