NAR: Contract Signings, Down Again, May Have Hit Bottom

Pending home sales in July dropped nearly 20% year over year as the housing market continues to slow. But a turnaround is in sight.
 

Homes Haven’t Been This Unaffordable Since 1989

Housing affordability hit a 33-year low in June, according to NAR data. But an increase in inventory and stabilizing mortgage rates may stem the tide.
 

Latest Home Sales Data Points to ‘Housing Recession’

While prices continue to rise, existing-home sales fell in July for the sixth consecutive month and are down dramatically from a year ago, according to NAR’s latest housing report.
 

New Home Size Trends Reversing?

An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. However, as the housing market weakens this trend appears to be reversing..
 

Is The Housing Market Collapse Over? Pending Home Sales Suggest An End May Be Near

A “very modest” decline signals home sales could soon stop plunging.
 

Should I Buy A Home Now Or Wait?

Recently, I have had to ask callers to be a little more circumspect before taking the housing plunge.
 

Home Prices Just Dipped—Does That Mean They’re Poised To Plummet This Fall?

Higher mortgage interest rates have poured cold water on the red-hot housing market, forcing it into a correction as buyers reached their financial limits.
 

New-Home Sales Plummet as the Housing Recession Gains Steam

Just a few months ago, builders were sitting on lengthy lists of homebuyers waiting to purchase new construction and holding lotteries to announce who would be allowed to go under contract. Not anymore.
 

DOM? EMD? 6 Mysterious, Misunderstood Real Estate Terms Sellers Need To Know for Today’s Market

For the past two years the seller has been king, but that kingdom is starting to crumble.
 

Is Cash Back at Closing Legal—and a Good Idea—Today? What Homebuyers and Sellers Should Know

Here’s everything a buyer and seller need to know about how to negotiate cash back at closing on the up-and-up.
 

Is the Worst Over? 4 (Mostly) Bright, New Realities of Buying a Home Today

The pendulum is starting to swing back in buyers’ favor. While it’s nowhere near an official buyers’ market, there are signs the market is cooling.
 

Existing-Home Sales Fall for the Sixth Straight Month, Decline 5.9% in July 2022

In July 2022, existing-home sales fell month-over-month for the sixth consecutive time, reaching a 4.81 million seasonally adjusted annual rate, and fell 20.2% from July 2021.
 

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

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