Economist: Mortgage Rates Hurt Buyers More Than Home Prices
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As the average for a 30-year loan rises again, an NAR researcher says higher borrowing costs have triple the impact on monthly mortgage payments.
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Survey: 94% of Sellers Don’t Disclose Property Defects
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They admit hiding a known issue with the home, which is against the law in most states. These are the 13 most common problems buyers find after closing a transaction.
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Bargaining Power Is Back: 92% Of Recent Sellers Accepted Buyer-Friendly Terms
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Realtor.com survey suggests negotiation is back on the table for housing prices and contract terms.
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How Homeownership Has Changed Since The Great Housing Bubble And Crash
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Find out how much homeownership has changed since the housing crash and Great Recession.
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Few Move-Up Home Buyers With Higher Mortgage Rates
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Home sales are falling, down 20% in the last year. Big declines occurred among people thinking about moving up to a larger, nicer or newer house.
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More Sellers Retreat Amid Falling Prices, Volatile Mortgage Rates
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Would-be sellers are reluctant to list their homes as they have begun to see prices come down.
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Half of Seattle homes failed to sell for initial asking price in July
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Nearly 50% of houses in Seattle were sold below their initial asking price, nearly double the amount from July 2021.
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‘Prices Are Clearly Increasing at a Slower Rate’: Housing Market Cools From April’s Peak, Led by Seattle, San Francisco and San Diego
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The S&P CoreLogic Case-Shiller 20-city house price index rise slowed to 18.6% year-over-year in June down from 20.5% in the previous month.
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Rip-Off Alert! 5 Signs a Home You Hope To Buy Is Overpriced
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Here’s a not-so-fun fact for homebuyers: Real estate prices have been rising by double-digit percentages for 36 straight weeks, currently clocking in at a national median of $449,000.
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Seattle-area home prices log first monthly decline since 2019
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The housing market has quickly slowed from its pandemic-era frenzy, with the Case-Shiller figures reflecting the start of a pullback.
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Despite a Contraction in Sales Activity, the Homebuying Market Remains Competitive
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Inventory remains in tight supply, which means homes are still moving at a fast pace despite the recent rise in rates and home prices; the median days on the market is just 14 days.
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Instant Reaction: Mortgage Rates, August 25, 2022
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Mortgage rates climbed back above 5.5% this week, following the trend of the 10-year Treasury yield.
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S&P/Case-Shiller OR-Portland Home Price Index
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S&P/Case-Shiller WA-Seattle Home Price Index
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