Fed to keep interest rates low
The Federal Reserve usually raises interest rates when inflation climbs over 2 percent. But Fed Chairman Jerome Powell announced Thursday that the central bank of the United States is changing that and will keep rates near zero even if inflation goes up, making household and business borrowing easier.
https://world.wng.org/content/fed_to_keep_interest_rates_low
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Low Mortgage Rates, Limited Inventory, and Pent-Up Demand Could Make This Fall a Busy Season
After months of uncertainty, buyers and sellers are wondering whether housing markets will prove to be resilient this fall. A number of forces could influence the long-term health of the market
https://www.mansionglobal.com/articles/low-mortgage-rates-limited-inventory-and-pent-up-demand-could-make-this-fall-a-busy-season-218618
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Seattle-area home prices rise faster than nearly every other U.S. city, driven in part by younger homebuyers
For the fifth month in a row, home prices around Seattle rose faster in June — 6.5%, year-over-year — than any of the nation’s other top 18 metro areas, save Phoenix
https://www.seattletimes.com/business/real-estate/seattle-area-home-prices-continue-steady-rise-driven-in-part-by-younger-homebuyers/
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Terrific Time Capsule in Washington Is the Week's Most Popular Home
Time capsule spotters came across a doozy this week—a riverfront residence with must-see listing photos. The well-preserved Washington home tallied a ton of clicks and coasted to the top spot as this week's most popular home
https://www.realtor.com/news/trends/washington-time-capsule-most-popular-home/
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Looking to buy a home? Seattle tops this list for best real estate markets
As the coronavirus pandemic continues to impact much of life in Seattle, the region's housing market has shown its resilience. Renton ranked 10th on the list for the best places to buy a home in 2020.
https://www.seattlepi.com/seattlenews/slideshow/seattle-tops-list-for-best-real-estate-markets-207513.php
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The best (and worst) real estate markets of 2020
Like the Pacific Northwest? Boise, ID, and Seattle, WA, nabbed the top two spots as overall best-ranked markets. With a top score of 100, these cities earned 68.05 and 67.77 points, respectively.
https://www.realhomes.com/us/advice/the-best-and-worst-real-estate-markets-of-2020
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Study: Seattle is No. 1 real estate market among large U.S. cities
A new report has found that Seattle ranks No. 1 for the health of its real estate market among all large cities in the U.S., based on a wide variety of criteria.
https://komonews.com/news/local/study-seattle-is-no-1-real-estate-market-among-large-us-cities
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2020’s Best Real-Estate Markets
Whether you’re joining the real-estate business or just looking for a place to call home, it’s important to get a handle on the housing markets you’re considering before investing in a property.
https://wallethub.com/edu/best-real-estate-markets/14889/
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Luxury Leads the Way in the U.K., Seattle Housing Market Ranked Healthiest in U.S., and More
Mansion Global’s daily round-up of the latest luxury real estate news from around the world
https://www.mansionglobal.com/articles/mansion-global-daily-luxury-leads-the-way-in-the-u-k-seattle-housing-market-ranked-healthiest-in-u-s-and-more-142238
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A home office is this year’s hottest housing feature
Forget about those media rooms, wine cellars and home spas — the hottest item for buyers in a COVID-19 world is a home office.
https://www.seattletimes.com/explore/careers/a-home-office-is-this-years-hottest-housing-feature/
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Dreaming of a new home? Zillow’s new ad campaign signals changes in real estate and marketing
Called “Ready for a Change,” the ad features a composite street with single-family homes, an apartment building and, ultimately, a beach house — illustrating how the pandemic is causing many people to rethink their living situations.
https://www.geekwire.com/2020/dreaming-new-home-zillows-new-ad-campaign-signals-changes-real-estate-marketing/
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Home ownership
Few, if any aspects of the economy are as basic – or as influential – as housing.
https://www.tacomadailyindex.com/blog/home-ownership/2447768/
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More Homes in U.S. Fall Into Vacant Zombie Foreclosure Realm in Third Quarter of 2020
Nearly 4 Percent of Homes Facing Possible Foreclosure Sit Vacant as U.S. Housing Market Faces Economic Slide Stemming from Coronavirus Pandemic
https://www.attomdata.com/news/market-trends/attom-data-solutions-q3-2020-vacant-property-and-zombie-foreclosure-report/
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Real estate investors: How COVID-19 will change your world
For real estate investors the COVID-19 economy changes everything. It’s produced both chaos and opportunity and the big question for investors is how do you avoid one and find the other?
https://www.realtytrac.com/news/real-estate-investors-how-covid-19-will-change-your-world/
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Super-Luxury Single-Family Homes are in High Demand, But The Window Could be Closing on Getting a Deal Done
In most major cities, large private homes are seeing fresh interest, and moving quickly. Booming vacation home purchases may be the marquee real estate story of the pandemic, but big-ticket transactions are also driving sales in major global cities as ultra-high-net-worth buyers seek out spacious single-family homes.
https://www.mansionglobal.com/articles/super-luxury-single-family-homes-are-in-high-demand-but-the-window-could-be-closing-on-getting-a-deal-done-219042 ______________________________________________________________________________________________________________
Google buys more land in Kirkland as its Seattle-area workforce nears 6,000 employees
Google continues to grow its Seattle-area footprint despite the ongoing pandemic.
https://www.geekwire.com/2020/google-buys-land-kirkland-seattle-area-workforce-nears-6000-employees/
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Why this sustainability-focused real estate developer is taking a cue from Steve Jobs
It’s an environmental organization but not a nonprofit. It’s a high-end real estate developer and manager of multimillion investment funds with an ethos rooted in sustainability and affordability.
https://www.geekwire.com/2019/sustainability-focused-real-estate-developer-taking-cue-steve-jobs/
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S&P/Case-Shiller WA-Seattle Home Price Index
Updated: Aug 25, 2020
https://fred.stlouisfed.org/series/SEXRNSA
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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