Rows of small houses cover the neighborhood of Beacon Hill in Seattle. (Photo by Joel W. Rogers/CORBIS/Corbis via Getty Images)
Joel Rogers/Corbis via Getty Images
Rising mortgage rates and high home prices mean prospective buyers in Seattle should brace for a financial one-two punch if they plan to purchase a home this spring, but a surge in inventory should keep the city’s housing market humming through the summer.
These findings were laid out in the latest monthly report from Zillow, which said the value of a typical Seattle home has risen nearly 25% since last year. The average price for a home
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