"Unity is strength. . . when there is teamwork and collaboration, wonderful things can be achieved."
--Mattie Stepanek
It's a seller's market in King County as inventory tightens
After seeing new data from the Northwest Multiple Listing Service, those prognosticators may be eating their hats.
https://www.nationalmortgagenews.com/articles/its-a-sellers-market-in-king-county-as-inventory-tightens?feed=0000015a-6289-d4b3-ab5e-7afb5c360000
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Change to Real Estate Excise Tax Might Be Affecting Investment in Seattle
CoStar Insight: Multifamily, Office Sales Volume at Record Levels in the Region in 2019
https://www.costar.com/article/560639902/change-to-real-estate-excise-tax-might-be-affecting-investment-in%C2%A0seattle
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Home Price Appreciation Continued in September
Compared to last month, national home prices rose at a faster annual growth rate in September. Seattle reported the highest gain while three metro areas (San Francisco, Chicago and Boston) experienced home price declines in September.
http://eyeonhousing.org/2019/11/home-price-appreciation-continued-in-september/
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S&P CoreLogic Case-Shiller Seattle Home Price NSA Index
The S&P CoreLogic Case-Shiller Seattle Home Price NSA Index measures the average change in value of residential real estate in Seattle given a constant level of quality.
https://us.spindices.com/indices/real-estate/sp-corelogic-case-shiller-seattle-home-price-nsa-index
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S&P CoreLogic Case-Shiller Portland Home Price NSA Index
The S&P CoreLogic Case-Shiller Portland Home Price NSA Index measures the average change in value of residential real estate in Portland given a constant level of quality.
https://us.spindices.com/indices/real-estate/sp-corelogic-case-shiller-portland-home-price-nsa-index
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Mortgage rates hold steady at 3.68%
U.S. long-term mortgage rates held steady this week amid mixed signs in the housing market. Rates remain at historically low levels as a lure to prospective homebuyers.
https://www.djc.com/news/re/12127771.html
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Experts offer insight into U.S. real estate investment markets
Rockwood has identified Austin, Texas as well as Portland, Denver and San Diego as having similar dynamics as gateway markets, including a highly educated workforce, innovation clusters, well-funded research institutes, some constraint on supply and a high quality of life.
https://renx.ca/u-s-real-estate-investment-markets-expert-insight/
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FBI: Cybercrimes on the Rise Because of Sophisticated Scams
A week later, the title company called, advising him it was time to send money. The Oregon man suddenly realized he had given away his family’s life savings to criminals. The money was from the sale of their former house.
https://news.wttw.com/2019/11/11/fbi-cybercrimes-rise-because-sophisticated-scams
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Lender pulls plug on major Lloyd District redevelopment, demands $36 million
In another sign that Portland’s long real estate and construction boom is slowing, an ambitious plan to build more than 1,100 apartment units in the Lloyd District has quietly died.
https://www.oregonlive.com/business/2019/12/lender-pulls-plug-on-major-lloyd-district-redevelopment-demands-36-million.html
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It’s a home seller’s market as King County sees ‘November surprise’; check out what’s happening in your area
The median sale price in Seattle dipped slightly, by 3.3%, from last November to $735,000. At the top of the market, it was another matter, though.
https://www.seattletimes.com/subscribe/signup-offers/?pw=redirect&subsource=paywall&return=https://www.seattletimes.com/business/real-estate/king-county-once-again-a-sellers-market-as-inventory-tightens-in-november-surprise/
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Redfin Unveils the Most Bikeable U.S. Cities of 2020
Minneapolis, Portland and Chicago are the most bikeable cities in the U.S. for the second year in a row, according to a new ranking from Redfin (www.redfin.com), the technology-powered real estate brokerage.
https://www.union-bulletin.com/news/state/redfin-unveils-the-most-bikeable-u-s-cities-of/article_169f82b4-4e95-53c5-a47f-9cfc079cf577.html
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Californians are fleeing to Seattle, but what does $700K get you there?
The better part of 1 million Californians left the state last year, heading — they hope — for cheaper housing. Washington is the third-most popular state for California emigration, and it's very possible the U-Haul in front of your neighbor's house is headed for Seattle.
https://www.mysanantonio.com/realestate/article/Californians-vs-Seattle-real-estate-14873210.php
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Seattle’s Microhousing Market Maintains Exceptionally Strong Fundamentals
“Seattle’s residents have spoken, and they see microhousing as viable housing that offers them an affordable option to live in the best neighborhoods in our city,”
https://www.connect.media/seattles-microhousing-market-maintains-exceptionally-strong-fundamentals/
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Don’t Panic and Turn the Home You Can’t Sell Into a Rental
In the U.S., it’s best to wait out the soft luxury market and sell, not lease
https://www.mansionglobal.com/articles/dont-panic-and-turn-the-home-you-cant-sell-into-a-rental-209766
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De Beers Diamond Heiress’s Futuristic Washington State Home Sees Huge Price Cut
Built in 2005, this two-story circular-shaped home was modeled after New York’s Guggenheim Museum
https://www.mansionglobal.com/articles/de-beers-diamond-heiresss-futuristic-washington-state-home-sees-huge-price-cut-210033
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Video Should Be Part of Luxury Home Sellers’ Marketing Strategy
Including well-produced video in listings captures the attention of more buyers, especially millennials
https://www.mansionglobal.com/articles/video-should-be-part-of-luxury-home-sellers-marketing-strategy-209946
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Supply woes hit pending home sales
Americans signed fewer contracts to purchase homes in October, as would-be buyers struggled to find available properties.
https://www.djc.com/news/re/12127604.html
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Seattle ranks 4th in US with most high-rise apartments in last decade, study finds
More and more high-rise buildings are popping up in Seattle as the city falls in line with the national trend of building up.
https://komonews.com/news/local/seattle-ranks-4th-with-most-new-high-rise-apartments-in-last-decade-study-find
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Millennial Housing Demand and Regional Building Trends: 3Q19 HBGI
Supply and resulting affordability challenges for millennials were highlighted in the most recent NAHB Home Building Geography Index (HBGI). The third quarter HBGI also offers more region-specific insights of single- and multifamily home building trends, including their connections to millennial-intensive areas.
http://eyeonhousing.org/2019/12/millennial-housing-demand-and-regional-building-trends-3q19-hbgi/
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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
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