So, higher interest rates, tighter lending requirements, higher gas prices, a slowing economy, building inventory - how exactly is demand spring-loaded?

Realtors continue to lie to the public, hoping beyond hope real estate prices will keep going up. But can you blame them, their jobs depend on the farce that we all need bigger homes, that renting is somehow demeaning and unbecoming of a real American family.

Buying a home isn't a decision to be taken lightly in a depreciating market. Being underwater on your home can uproot your life in a matter of months. What does a market look like right before it starts depreciating? Stagnating prices, building inventory, higher interest rates, tighter mortgage conditions - the writing is on the wall.

Andrew Jeffery

West Seattle