6 Reasons Why This Is Actually the Best Time in Years To Sell a House
after closely examining the current housing market conditions, many real estate experts believe this summer could be one of the best times to sell a home in years.
https://www.realtor.com/advice/sell/reasons-why-now-is-a-good-time-to-sell-a-house/
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2020 COST VS VALUE REPORT
This site compares average costs for 22 remodeling projects with the value those projects retain at resale in 101 U.S. markets.
https://www.remodeling.hw.net/cost-vs-value/2020/
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Fewer Sellers are Cutting Prices in Tight Housing Market
A lower-than-normal share of listings with a price cut is another signal the market has tilted in favor of sellers
https://www.prnewswire.com/news-releases/fewer-sellers-are-cutting-prices-in-tight-housing-market-301090574.html
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Here’s The Secret To Finding Low Mortgage Rates
The 30-year fixed-rate fell to 3.07% over the Fourth of July weekend, another milestone low, according to Freddie Mac.
https://www.forbes.com/sites/advisor/2020/07/08/heres-the-secret-to-finding-low-mortgage-rates/#7946fca512bb
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Refinancing your mortgage could put cash in your pocket — here's how to find out if it's right for you
“We are telling everybody who has a loan over 4% to consider refinancing, if they still have income,”
https://www.cnbc.com/2020/07/06/refinancing-your-mortgage-can-save-you-money-heres-how-to-find-out.html
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Pending Home Sales Retreat Even as Mortgage Rates Dip to New Low
Pending sales were down 8% from a year earlier during the week ending June 28, although the decline was only 3% after adjusting for seasonal effects. New listings are now down 8% from a year ago, a slight improvement from a week earlier.
https://www.newsbreak.com/news/0PYSGmuU/pending-home-sales-retreat-even-as-mortgage-rates-dip-to-new-low
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Seattle area housing market in June sees shortage of homes, multiple offers
The Seattle area housing market in June saw a combination of a shortage of inventory and high buyer demand, pointing to a "very robust" market in the region, experts said.
https://www.seattlepi.com/seattlenews/article/Seattle-area-housing-market-in-June-sees-shortage-15391655.php
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Worst of both worlds for Seattle-area home shoppers: rising prices and not much for sale
Prices are on the rise. Homes are selling faster than they have since early 2018. Bidding wars abound. And fewer homes are for sale than any time in recent memory, new data from the Northwest Multiple Listing Service show.
https://www.seattletimes.com/business/real-estate/worst-of-both-worlds-for-seattle-area-home-shoppers-rising-prices-and-not-much-for-sale/
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Puget Sound area still among the strongest real estate markets in the country
Whether you're buying, selling, or on the fence, local real estate experts said COVID-19 has not stopped the flow of buyers who want to live in Puget Sound region.
https://komonews.com/news/consumer/puget-sound-area-still-among-the-strongest-real-estate-markets-in-the-country
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Patti Payne's Cool Pads: 'Scottish castle' on Redmond's Gunshy Ridge lists for $3.5M
The 6,520-square-foot manse has four bedrooms, six bathrooms, and the interior is designed like a French country chateau where the Dahers did a $1.2 million remodel, elevating or changing almost every detail.
https://www.bizjournals.com/seattle/news/2020/07/03/alex-dahers-scottish-castle-in-redmonds-lists.html
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Young Adults Returning Home Is Impacting The Rental Market
Millions of young adults moved back in with their parents in March and April, as layoffs hit their incomes and lockdowns made shared urban apartments feel crunched.
https://seattlemedium.com/young-adults-returning-home-is-impacting-the-rental-market/
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Home Decor Market to Garner $838.6 Bn, Globally, by 2027 at 3.9% CAGR, Says Allied Market Research
Growing customer interest in home décor, surge in urbanization across the globe, and growth & developments in the real estate industry have boosted the growth of the global home decor market.
https://www.prnewswire.co.uk/news-releases/home-decor-market-to-garner-838-6-bn-globally-by-2027-at-3-9-cagr-says-allied-market-research-806934760.html
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Pending Sales Dipped Slightly Last Week, But Homes Are Still Moving at Record Pace
Homes continue to fly off the market just weeks after they're listed -- faster than any time in at least the past two years,
https://finance.yahoo.com/news/pending-sales-dipped-slightly-last-184200861.html
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TOP 10 MOST VALUABLE CITIES IN THE UNITED STATES
People have been flocking to big cities for decades, driving the prices of residential real estate up in big cities. The COVID-19 pandemic has accelerated the work-from-home trend, which would give people the freedom to live and work from anywhere. It could hurt the real estate prices in big cities
https://www.valuewalk.com/2020/07/top-10-most-valuable-cities-us/
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Shopping for a home based on the school district: Parents study test scores, class size
Schools may be temporarily closed but they remain a driving factor in parents’ home purchasing decisions.
https://www.oregonlive.com/realestate/2020/07/shopping-for-a-home-based-on-the-school-district-parents-study-test-scores-class-size.html
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Seattle-area home prices unscathed by coronavirus pandemic
Despite a statewide stay-at-home order, massive job losses and an uncertain economic outlook, home prices in the Seattle area zoomed up faster in April than any large metro in the country save Phoenix
https://www.seattletimes.com/business/real-estate/seattle-area-home-prices-unscathed-by-coronavirus-pandemic/
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S&P/Case-Shiller WA-Seattle Home Price Index
Observation: Apr 2020:
https://fred.stlouisfed.org/series/SEXRNSA
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Real estate lead generation overload
Real estate agents are confused and dismayed by too many lead generation options
https://www.housingwire.com/articles/real-estate-lead-generation-overload/
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What would it take to trigger a housing downturn in the second half of 2020?
At its beginning, the COVID-19 crisis had many consumers and housing professionals alike bracing for a housing crash. And with good reason: We were, and are, facing the biggest health and economic shock in recent modern-day history.
https://www.housingwire.com/articles/what-would-it-take-to-trigger-a-housing-downturn-in-the-second-half-of-2020/
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Safely buying and selling real estate during the coronavirus
Now more than ever, buyers are finding and viewing homes virtually, then basing decisions on whether to visit a home based on the digital listing. They’re also gravitating toward those that are move-in ready.
https://www.seattletimes.com/explore/at-home/safely-buying-and-selling-real-estate-during-the-coronavirus/
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Weekly Housing Market Monitor
NAR Research compiles the latest housing market data in this weekly monitor, based on what REALTORS® are seeing in their market, mortgage data, jobless claims, foot traffic, and the latest home sales numbers.
https://www.nar.realtor/research-and-statistics/research-reports/weekly-housing-market-monitor
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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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Local Market Reports
All real estate is local and every market is unique. To help REALTORS® and other housing market analysts get the most out of the plethora of data that is available, NAR Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation's largest metropolitan housing markets. Each report evaluates a number of factors affecting home prices, including:
https://www.nar.realtor/research-and-statistics/research-reports/local-market-reports
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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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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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