King County’s housing market is ‘looking pretty bad’

It’s shaping up to be another disappointing spring for Seattle-area home sellers — and many buyers.

Despite the arrival of warm weather that typically reinvigorates buyers, more listings are lingering on the market or dropping in price as home shoppers grow wary of looming economic conditions intensified by the war in Iran.

Real estate agents say their buyers are suffering from information overload. The war in Iran has sent mortgage rates up. Higher gas prices are stretching budgets. Layoffs lurk in the back of tech workers’ minds…

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