A few fun facts:

1) Seattle is down 7% just for September. In August, prices year-over-year were up 15%. Redfin is now saying prices are up 7% year-over-year.

2) Mortgage rates are up 1.2 points since this time last year. Which doesn't seem like a lot until you realize that's like a 25% increase.

300 grand at 3.4 is $1330 a month for 30 years, or $488k. 300 grand at 4.6 is $1550 a month for 30 years, or $553k. For the payment to stay the same you need to borrow 40,000 less dollars.

3) Nominal income is down.