HOUSING MARKET IN SEATTLE HEATING UP AGAIN
The supply has tightened and demand is up.
https://www.builderonline.com/money/housing-market-in-seattle-heating-up-again_c
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Homeowners Sound Off on Their Biggest Housing Worries
Homeowners are sitting on a record amount of equity, so what has them so worried about housing? A new study by LendingTree surveyed more than 1,500 Americans to gauge their expectations of homeownership.
https://magazine.realtor/daily-news/2020/02/26/homeowners-sound-off-on-their-biggest-housing-worries?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+DailyRealEstateNews+%28Daily+Real+Estate+News%29
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What are millennials looking for when buying a home? We asked three experts
Millennials now make up a large proportion of home buyers, with many entering their 30s and getting ready to invest in a first home.
https://www.seattlepi.com/news/article/experts-guide-millennial-seattle-housing-15065152.php
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Lack of inventory coupled with low mortgage rates and a strong economy are setting the market up for home price increases.
https://www.builderonline.com/money/economics/zillow-sees-ultra-competitive-spring-selling-season_o
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Sales of New Homes in the U.S. Hit Two-Year High
New construction is lagging behind in the tightest markets, with San Francisco reporting the largest decline in building permits in the fourth quarter of 2019, Redfin says
https://www.mansionglobal.com/articles/sales-of-new-homes-in-the-u-s-hit-two-year-high-211902
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Housing Starts Mark a Solid Start in 2020
Total housing starts posted a 3.6 percent decline in January (1.57 million units) compared to an upwardly revised December estimate of 1.63 million units according to the joint data release from the Census Bureau and HUD. Relative to January 2019 (during the housing soft patch), total starts are 21.4 percent above the annual pace of 1.29 million units.
http://eyeonhousing.org/2020/02/housing-starts-mark-a-solid-start-in-2020/
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Pending Home Sales Rebound in January
Following a 4.3% slump in December, pending home sales saw a strong monthly gain in January, supported by solid job growth and low mortgage rates.
http://eyeonhousing.org/2020/02/pending-home-sales-rebound-in-january/
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Home Price Appreciation Continues in December
National home prices continued to increase in December 2019. Nineteen metro areas had positive home price appreciation while Cleveland saw home price decline in December.
http://eyeonhousing.org/2020/02/home-price-appreciation-continues-in-december/
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S&P/Case-Shiller WA-Seattle Home Price Index (SEXRNSA)
S&P Dow Jones Indices LLC, S&P/Case-Shiller WA-Seattle Home Price Index [SEXRNSA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/SEXRNSA, February 27, 2020.
https://fred.stlouisfed.org/series/SEXRNSA
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FHFA HOUSE PRICE INDEX
MSA Fact Sheets on top and bottom 30 metropolitan areas in house price appreciation.
https://www.fhfa.gov/DataTools/Downloads/Pages/HPI-MSAs.aspx
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Tacoma, Washington Ranked 8th in U.S. House Price
Appreciation
https://www.fhfa.gov/DataTools/Downloads/Documents/HPI/News-Releases/MSAs/2019Q4/NR-Tacoma-2019Q4.pdf
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New Single-Family Home Size Continues to Fall
New single-family home size trended lower during the final quarter of 2019 as interest rates remained low and builders seek to add additional entry-level supply.
http://eyeonhousing.org/2020/02/los-angeles-takes-top-spot-as-nations-least-affordable-housing-market-2/
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Seattle Illustrates How Big Cities’ Limits On New Housing Contribute To Homelessness
In Seattle, the city regulates land use through the Building Code, Electrical Code, Energy Code, Fire Code, Mechanical Code, Plumbing Code, and Residential Code. The city requires permits for almost all construction and repairs. It also has extensive and complex zoning regulations regarding what can be built and where. This is on top of state and federal regulations.
https://www.forbes.com/sites/instituteforjustice/2020/02/27/seattle-illustrates-how-big-cities-limits-on-new-housing-contribute-to-homelessness/#4dbfa51d9ce6
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Seattle mayor permits winter eviction ban to become law
Seattle Mayor Jenny Durkan is allowing the City Council's measure to stop some residential winter evictions to become law.
https://www.seattlepi.com/news/article/Seattle-mayor-permits-winter-eviction-ban-to-15085475.php
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US mortgage rates decline; 30-year loan at 3.45%
U.S. long-term mortgage rates declined this week as growing concern over the economic impact of China’s viral outbreak spurred a steep downturn in global stock markets.
https://www.seattletimes.com/business/us-mortgage-rates-decline-30-year-loan-at-3-45/
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Seattle Seahawks star Marshawn Lynch scores some Hawaiian property
Seattle Seahawks star running back Marshawn Lynch has scored an oceanfront Hawaii property on Oahu’s fabled North Shore, public records show.
https://www.latimes.com/business/real-estate/story/2020-02-21/seattle-seahawks-star-marshawn-lynch-makes-a-hawaiian-purchase
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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