King County home prices surge, just shy of 2007 peak
The median price of single-family homes sold in King County hit $480,000 in April, just $1,000 shy of the peak set in July 2007 before the housing bubble burst.
April’s median price was 9 percent higher than in March and 11.5 percent higher than a year ago, according to data from the Northwest Multiple Listing Service.
Buyers have hit the gas, fearing higher interest rates and offering premium prices in the face of a record low inventory of homes for sale.
“This is a historic moment in time,” said J. Lennox Scott, CEO of John L. Scott brokerage. “Housing is in a pressure cooker in the metro area. We’re going to be here for a while.”
http://www.seattletimes.com/business/real-estate/king-county-home-prices-surge-just-shy-of-2007-peak/
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I am worried the crash of 2016 is coming back just as Thom predicted in this video