______________________________________________________________________________________________________________
'Who is buying Seattle?': New report issues warnings on Seattle's luxury housing boom
The report says officials should consider more transparency requirements on luxury real estate ownership
https://www.seattlepi.com/realestate/article/Who-is-buying-Seattle-New-report-issues-14541995.php
______________________________________________________________________________________________________________
Most Expensive Listing in the U.S. Is Bel Air Mansion Asking $225 Million
A sprawling 60-room Bel Air, California, estate dubbed Casa Encantada was put up for sale last week for $225 million, eclipsing the price of anything else on the market right now in the U.S.
https://www.mansionglobal.com/articles/most-expensive-listing-in-the-u-s-is-bel-air-mansion-asking-225-million-208630
______________________________________________________________________________________________________________
Portland metro region Hottest 'Hoods: Where the most metro-area homes were sold in Q3 2019
It's well known among real estate professionals that home sales have been slowing across the Portland metro region. Closed sales dropped 6.7 percent in Q3 2019 versus the same quarter last year to 9,506 in 97 ZIP codes with sales in Clackamas, Clark, Multnomah and Washington counties.
https://www.bizjournals.com/portland/news/2019/10/24/hottest-hoods-where-the-most-metro-area-homes-were.html
______________________________________________________________________________________________________________
Q3 2019 Foreclosure Activity Down 19 Percent from Year Ago to Lowest Level Since Q2 2005
Average Time to Foreclose Increases 18 Percent From Last Year; Foreclosure Starts Down From Year Ago But Up in 30 Percent of Local Markets
https://www.attomdata.com/news/market-trends/attom-data-solutions-q3-2019-u-s-foreclosure-market-report/
______________________________________________________________________________________________________________
U.S. Median Home Prices Jump 8 Percent, to New High in Q3 2019
Home Prices Increase in 95 Percent of Local Markets; Percent of Distressed Sales Drops to 13-year low; Profit Margins Rose to 34.5 percent with Dollar Gains Hitting $68,686
https://www.attomdata.com/news/market-trends/attom-data-solutions-q3-2019-u-s-home-sales-report/
______________________________________________________________________________________________________________
Annual Property Tax Payments Reach $600 Billion in Q2 2019
NAHB analysis of the Census Bureau’s quarterly tax data shows that $601 billion in taxes were paid by property owners over the four quarters ending in Q2 2019.[1] It has now been more than seven years since four-quarter property tax revenues declined.
http://eyeonhousing.org/2019/10/annual-property-tax-payments-reach-600-billion-in-q2-2019/
______________________________________________________________________________________________________________
Existing Home Sales Disappoint in September
After reaching 17-month high last month, existing home sales, released by the National Association of Realtors (NAR), fell more than expected in September despite low mortgage rates.
http://eyeonhousing.org/2019/10/existing-home-sales-disappoint-in-september/
______________________________________________________________________________________________________________
Existing-Home Sales Decrease 2.2% in September
Existing-home sales receded in September following two consecutive months of increases, according to the National Association of Realtors®. Each of the four major regions witnessed sales drop off last month, with the Midwest absorbing the brunt of those declines.
https://www.nar.realtor/newsroom/existing-home-sales-decrease-2-2-in-september
______________________________________________________________________________________________________________
Most Common Siding On New Homes are Vinyl and Stucco in 2018
According to the data from the Census Bureau’s Survey of Construction (SOC) the most common exterior wall materials on homes started in 2018 were vinyl siding and stucco.
http://eyeonhousing.org/2019/10/most-common-siding-on-new-homes-are-vinyl-and-stucco-in-2018/
______________________________________________________________________________________________________________
Luxury apartments: Who’s buying King County?
Wealthy investors jack up housing prices in Seattle and beyond.
https://www.seattleweekly.com/news/luxury-apartments-whos-buying-king-county/
______________________________________________________________________________________________________________
King County could increase tenant protections
The council is considering ordinances designed to help renters.
https://www.seattleweekly.com/news/king-county-could-increase-tenant-protections/
______________________________________________________________________________________________________________
Hoping to buy a cheaper home or sell at a higher price? Here are cities where prices could shift
Pricey housing markets like New York City and Los Angeles seem poised to cool down over the next couple of years while more affordable metro areas like Miami and San Antonio could heat up, according to an analysis by research firm Natixis.
https://www.usatoday.com/story/money/2019/10/24/homes-sale-where-housing-becoming-scarcer-more-available/4080158002/
______________________________________________________________________________________________________________
REALESTATE, DEMOGRAPHY, AND SUPERSTAR CITIES
Download the Report
https://www.research.natixis.com/Site/en/publication/Fu6qLN8_stBD41-U5RkQRY_qgr1o_8cxuRw4Ipg33dY%3D?from=email
______________________________________________________________________________________________________________
Expedia moves quietly into Interbay
Expedia Group arriving in Interbay is less like the frontal invasion of a projected 4,500 workers than a series of stealthy beachhead raids.
https://www.djc.com/news/re/12126556.html
______________________________________________________________________________________________________________
Location, location, location? For rents and home prices, it's now transit, transit, transit
Property values and rents rose faster in areas with easy access to transit over a recent four-year period, according to a report that examined the link between transit and real estate in Seattle and six other U.S. metro areas.
https://www.bizjournals.com/seattle/news/2019/10/21/location-location-location-for-rents-and-home.html
The Report: https://www.apta.com/wp-content/uploads/The-Real-Estate-Mantra-Locate-Near-Public-Transportation.pdf
______________________________________________________________________________________________________________
Microsoft Cofounder Paul Allen’s Estate Lists For $41.5 Million
The estate of Microsoft cofounder Paul Allen in Atherton, California, came on the market with a $41.5 million price tag last week, a year after his death. The sprawling mansion, more than ten times the size of the average American house, is set on two acres in a small town in Silicon Valley full of tech-titan billionaires.
https://www.forbes.com/sites/kathleenhowley/2019/10/22/microsoft-paul-allen-estate-for-sale/#5cdd3a853b5b
__________________________________________________________________________________________________________
Amazon’s rapid expansion in Bellevue could reach 4.8M square feet and power ‘spectacular’ growth for Seattle suburb
Amazon spent most of the last decade gobbling up every available piece of real estate in Seattle, helping power a building boom in the city. But with signs pointing to Amazon cooling on its hometown, a new report lays out how the tech giant’s expansion in nearby Bellevue could galvanize a level of growth over the next couple years that took decades to achieve in the past.
https://www.geekwire.com/2019/amazons-rapid-expansion-bellevue-reach-4-8m-square-feet-power-spectacular-growth-seattle-suburb/
______________________________________________________________________________________________________________
12 Portland homes with weird, welcoming front doors
You can't ignore a front door. It's the portal to a home.
https://www.oregonlive.com/life-and-culture/g66l-2019/10/a43da416913859/on-the-market-12-homes-with-weird-welcoming-front-doors.html
______________________________________________________________________________________________________________
______________________________________________________________________________________________________________
______________________________________________________________________________________________________________
Market Hotness Index
Metro Hotness - Zip Code and County Hotness
https://www.realtor.com/research/reports/hottest-markets/
______________________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.
http://www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311
______________________________________________________________________________________________________________
Economic Indicators
U.S. Census Bureau Economic Indicators
https://www.census.gov/economic-indicators/
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home price index.
http://www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl
______________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
http://www.bea.gov/index.htm
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after the bubble of the past decade. Here’s a look at where various gauges of supply and demand stand today.
http://graphics.wsj.com/us-housing-market/
______________________________________________________________________________________________________________
Mortgage Market Survey Archive
Compilation of Weekly Survey Data for 2015
http://www.freddiemac.com/pmms/archive.html
______________________________________________________________________________________________________________
Housing Economics
NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.
https://www.nahb.org/en/research/housing-economics.aspx