Five takeaways from Seattle’s red-hot 2021 housing market

Latest NWMLS update, including comments from Bain PMB Laurie Way.

 

Rose City Sees Increasing Cost of Living

Jobs and living conditions have attracted waves of new residents to Portland. The influx has pushed home prices and other costs of living up. Portland Uptown broker Shannon Janssen talks the increase on KGW8.

 

Buyers Have Never Viewed Fewer Homes Before Purchasing

Last year, home buyers viewed a median of eight homes before purchasing—the lowest number on record.

 

Impacts of Rising New Home Costs

The share of buyers who’d prefer a newly-built home declined in every region from the third to the fourth quarters of 2021.

 

Existing Home Sales Strongest Since 2006 Despite Supply Limits

Fueled by low mortgage interest rates and strong demand, annual existing home sales reached 15-year high in 2021

 

The Dream Of Homeownership Is Still Alive: What To Keep In Mind Before Pulling The Trigger

Based on continuing demand nationwide, it seems clear that, for many Americans, the dream remains alive today.

 

The Hot Design Trend Of 2022: Wallpaper

Fixr, the online services marketplace, parses wallpaper in Fixr.com’s Paint & Color Trends Report 2022.

 

New-Home Sales Surge Higher as Supply Shrinks

U.S. new-home sales increased almost 12% to an annual rate of 811,000 in December.

 

Seattle home-price growth heats up a bit as much of U.S. cools

In Seattle, prices were up 23.3% in November compared with the same time in 2020, according to the S&P CoreLogic Case-Shiller index.

 

7 Hot Winter Home Design Trends Real Estate Pros Are Seeing Everywhere

These ultra-cozy styles appear to be resonating with home shoppers.

 

Existing-Home Sales Reach Highest Annual Level Since 2006 but Weaken in December 2021

NAR released a summary of existing-home sales data showing that housing market activity this December declined 4.6% from November 2021

 

Instant Reaction: Mortgage Rates, January 20, 2022

With even higher rates on the horizon, there are increasing concerns about affordability issues, particularly among first-time buyers.

 

S&P/Case-Shiller OR-Portland Home Price Index

 

S&P/Case-Shiller WA-Seattle Home Price Index