“In the province of the mind what one believes to be true, either is true or becomes true within certain limits…”
― John C. Lilly
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The Property Brothers Reveal That Secret Something That Gives a Home Charm
The brothers have a big budget: $110,000 to update the living space, mudroom, and in-law Maryann’s space. Here's how the Scott brothers put that cash to good use—and the lessons we can all learn along the way.
https://www.realtor.com/advice/home-improvement/property-brothers-reveal-how-to-give-a-home-charm/?link=TD_mansionglobal_new_mansion_global.11147f181987fd93&utm_source=mansionglobal_new_mansion_global.11147f181987fd93&utm_campaign=circular&utm_medium=MOVE
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Sparse supply spurring more competition among motivated home buyers in Western Washington
"People are moving here, home prices will continue to increase, inventory shortages will occur. That's our future,"
http://www.northwestmls.com/News--Information/page/Latest-Press-Release
NWMLS Monthly Market Snapshot Infographic
http://www.northwestmls.com/News--Information/page/Market-Activity-Snapshot
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How much space will $1,500 get you in Seattle compared to 5 years ago?
The analysis, from PropertyClub, found $1,500 will get Seattle renters just 437 square feet, 113 square feet less than the same amount would have in 2014.
https://komonews.com/news/local/how-much-space-will-1500-get-you-in-seattle-compared-to-5-years-ago
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Portland considers building a subway for downtown
City planners are considering a subway tunnel connecting downtown with the area across the Willamette River
https://www.curbed.com/2017/6/16/15815712/portland-subway-downtown-light-rail-max
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Deconstructing Portland
The group Stop Demolishing Portland keeps a close eye on historic properties—they protest, create petitions, and rally together to fight developers who try to sidestep the 120-day waiting period required for demolition permits for historic homes.
https://www.curbed.com/2016/10/13/13193952/portland-craftsman-houses-preservation-deconstruction
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FTC says people lured by real-estate secrets left in ruin
The Federal Trade Commission has sued a company accused of using house-flipping TV celebrities to lure people into spending thousands on expensive training workshops that purported to share lucrative secrets but instead left many in financial ruin.
https://www.seattletimes.com/business/ftc-says-people-lured-by-real-estate-secrets-left-in-ruin/
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Pacific North Best: Why It’s Raining Dollars in Seattle
“Seattle has become, I would say, a top-five market,” Christopher Moyer, a managing director at Cushman & Wakefield, said. “A lot of investors are targeting it at this point, and it’s become much easier to explain the dynamics of the local market to them.”
https://commercialobserver.com/2019/11/pacific-north-best-why-its-raining-dollars-in-seattle/
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15 Essential Books To Read Before Starting In Real Estate
The real estate market can a difficult industry to get going in successfully, especially when you're first starting out. Having a better understanding of what's important to focus on can mean the difference between making a savvy investment and buying a headache, and one of the best ways to develop the skills you need is to read about the experiences or study the advice of those who came before you.
https://www.forbes.com/sites/forbesrealestatecouncil/2019/11/04/15-essential-books-to-read-before-starting-in-real-estate/#110188e72c02
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Facebook lands another huge office lease in Bellevue as part of Seattle-area expansion
The social media giant just inked another big lease in the region. This time it’s Block 6, a building in Bellevue’s Spring District, the new development just east of downtown Seattle where Facebook already has leases for two separate buildings still under construction.
https://www.geekwire.com/2019/facebook-lands-another-huge-office-lease-bellevue-part-seattle-area-expansion/
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Homeowners staying put longer: What it means for the real estate market
Homeowners in the U.S. are increasingly staying in their current homes and not moving into new ones, limiting the number of homes available to new buyers.
https://www.foxbusiness.com/real-estate/home-sales-owners-stay-longer-market
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Real Estate Sales in the San Juan Islands: October 1-31 Ten sales of more than $1 million
Real estate transactions in the San Juan Islands in October 2019 included 10 of more than $1 million. Six were on San Juan Island, three on Orcas Island and one on Lopez Island.
https://sanjuanislander.com/news-articles/business-and-economy/30043/real-estate-sales-in-the-san-juan-islands-october-1-31-ten-sales-of-more-than-1-million
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Winemaker's paradise: 10 Oregon homes for sale with a vineyard starting at $395,000
In this week’s real estate gallery, we look at properties for sale that have a residence and vineyard. Some even have a wine cellar in which to store your exclusive wine at the proper temperature.
https://www.oregonlive.com/life-and-culture/g66l-2019/11/838c4b11865512/winemakers-paradise-10-oregon-homes-for-sale-with-a-vineyard-starting-at-395000.html
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Lower Mortgage Rates Push Housing Affordability to Highest Level in Three Years
With mortgage rates at a three-year low and a healthy job market, housing affordability rose to its highest level in three years in the third quarter of 2019, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI).
http://eyeonhousing.org/2019/11/lower-mortgage-rates-push-housing-affordability-to-highest-level-in-three-years/
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Top Bathroom Features Among Millennial Home Buyers
The most wanted bathroom feature among Millennial home buyers is ‘both a shower stall & tub in the master bath’
http://eyeonhousing.org/2019/11/top-bathroom-features-among-millennial-home-buyers/
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55+ Housing Market Ticks Back Up to Record High
Builder and developer confidence in the 55+ housing market strengthened in the third quarter of 2019, as reflected by the single-family 55+ housing market index
http://eyeonhousing.org/2019/10/55-housing-market-ticks-back-up-to-record-high/
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Home Prices Increased in August
National home prices increased modestly in August. New York and Las Vegas experienced price declines while Phoenix led the way with a 9.1% annual growth rate in August.
http://eyeonhousing.org/2019/10/home-prices-increased-in-august/
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Homeownership Rate Bounces Back
The rate reached a cycle low of 62.9% in the second quarter 2016. Compared to the peak of 69.2% by the end of 2004, the homeownership rate is still 4.4 percentage points lower and remains below the 25-year average rate of 66.3%
http://eyeonhousing.org/2019/10/homeownership-rate-bounces-back/
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Get Thanksgiving Holiday Prep Started Early
Get Thanksgiving Holiday Prep Started Early
https://blog.coldwellbanker.com/get-thanksgiving-holiday-prep-started-early/
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Market Hotness Index
Metro Hotness - Zip Code and County Hotness
https://www.realtor.com/research/reports/hottest-markets/
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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
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Economic Indicators
U.S. Census Bureau Economic Indicators
https://www.census.gov/economic-indicators/
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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
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Bureau of Economic Analysis
U.S. Economy at a Glance
http://www.bea.gov/index.htm
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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/
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Mortgage Market Survey Archive
Compilation of Weekly Survey Data for 2015
http://www.freddiemac.com/pmms/archive.html
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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