Economy Exerts “Downward Pressure” on King County Real Estate Prices

Economy Exerts “Downward Pressure” on King County Real Estate Prices

The health of the home real estate market correlates strongly with people’s ability to pay their mortgages, so it’s not surprising that three years of chronic unemployment have done little to improve local listings: “King County median home price falls by double digits again,” Eric Pryne tells you in the Seattle Times. As a case in free fall, here’s a top-floor unit in a 1924 brick co-op condo at 13th and Cherry going for $79,900…somewhat less than its original listing of $184,900. Continue reading Economy Exerts “Downward Pressure” on King County Real Estate Prices