Housing inventory in Western Washington increasing as ‘some sense of normalcy’ returns

The Northwest Multiple Listing Service said June showed signs of a shifting housing market, meaning there has been a healthy jump in inventory. Comments by John Deely.
 

Study: It’s the Most Expensive Year to Move Ever

Some states and cities are seeing costs rise by nearly 40% year over year. Find out where home buyers are facing the highest hikes.
 

Home Buying Is 5% Cheaper Than a Week Ago

Mortgage rates are dropping as concerns mount over a possible economic recession.
 

Average long-term US mortgage rates retreat this week

Average long-term U.S. mortgage rates eased again this week as the Federal Reserve remains likely to raise its benchmark borrowing rate in its ongoing battle to bring down inflation.
 

Share of Two or More Stories New Homes Increased in 2021

Information obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB, shows that the rising trend of single-story homes reversed in 2021.
 

Residential Architecture Trends Show Continuing Pandemic Influences

There were square footage decreases in past years associated with downsizing, also referred to as “right-sizing,” but that trend has sharply reversed in 2021 and 2022.
 

Higher Home Payments Due More To Mortgage Rates Than Prices

Interest rates have played a bigger role than higher prices in pushing home payments up.
 

The Great Appreciation Of Home Prices Is Now Over

Mortgage rates may never go lower than they were last year so the multi-decade Great Appreciation of house prices is now over.
 

‘Scary Times’: Builders Are Slashing Home Prices and Slowing Construction as Buyers Pull Back, Survey Shows

Sales of new homes fell 31% this June as compared to last year. Cancelation rates jumped in June to 14.5% nationally, up from 6.5% a year ago.
 

Renovating a Home During Inflation: How To Add Value Without Draining Your Savings Account

A remodel could increase the overall value of your home, which would be beneficial if you consider selling in the future.
 

King County home prices fall 6% as sellers come ‘back down to Earth’

After climbing all year, Seattle-area home prices dipped in June. Now, more houses sit unsold and fewer people buy.
 

Measuring Affordability and Availability of Homes as Mortgage Rates Continue to Rise

The dual phenomenon of record-high home prices and record-low inventory has significantly impacted home buyer choice.
 

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

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