Leaf Peeping: 5 Places in the US to See Epic Fall Foliage
Nature is about to put on a beautiful show for us that we all should take advantage of. Fall brings about the changing of the seasons and with that comes the artistry of Nature’s autumn palette
https://www.jetsetmag.com/travel/destinations/leaf-peeping-5-places-in-the-us-to-see-epic-fall-foliage/?jetsetmag091720email
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Home Prices Up 13%, Biggest Increase Since 2013
The U.S. median home sale price increased 13% from 2019 to $319,178—the highest on record, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. This 13% year-over-year increase was the largest since October 2013.
http://aikenceo.com/news/2020/09/home-prices-13-biggest-increase-2013/
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Housing Recovery Disrupted by Wildfire and Hurricane Season
Locally, a total of 44 markets have crossed the recovery benchmark as of this week, two more than the previous week with the greatest recovery in Las Vegas, Seattle, Boston, Philadelphia, and Riverside-San Bernardino.
https://www.realtor.com/research/housing-market-recovery-index-trends-september-12-data/
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Facebook buys office campus near Seattle for $368M
Pandemic killed seller REI’s plan to move into eight-acre complex
https://therealdeal.com/2020/09/15/facebook-buys-office-campus-near-seattle-for-368m/
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Facebook will buy REI’s so-new-it’s-never-been-used Bellevue campus for nearly $368 million, the social-media giant announced today.
https://www.seattletimes.com/business/real-estate/facebook-will-buy-former-rei-headquarters-in-bellevue/
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Smoke in your home: How to clear the air, clean up and prevent fires from spreading
When fires spread across Oregon, people surrounded by flames were showered in powdery residue, and even those living miles away were breathing air filled with dangerous gases and fine particles from charred building materials and vegetation.
https://www.oregonlive.com/hg/2020/09/smoke-in-your-home-how-to-clear-the-air-clean-up-and-prevent-fires-from-spreading.html
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Popular Time Capsule Home in Palm Springs Is Available Again for $1.97M
A famously well-preserved Palm Springs, CA, property has grooved back onto the market. The retro residence from 1969 is available fully furnished for $1,969,000.
https://www.realtor.com/news/unique-homes/popular-palm-springs-time-capsule-home-available-again/
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Modern Mansion in Portland, Oregon, With Mountain Views Perfectly Blends Art and Architecture
The property also includes a detached guest house with a separate driveway
https://www.mansionglobal.com/articles/modern-mansion-in-portland-oregon-with-mountain-views-perfectly-blends-art-and-architecture-219329
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How Do Homestead Exemptions Work in Washington State?
Homeowners currently don’t receive a property tax break for homestead properties, but that could change
https://www.mansionglobal.com/articles/how-do-homestead-exemptions-work-in-washington-state-219545
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MONTHLY NEW RESIDENTIAL SALES, JULY 2020
Sales of new single-family houses in July 2020 were at a seasonally adjusted annual rate of 901,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 13.9 percent (±20.0 percent)* above the revised June rate of 791,000 and is 36.3 percent (±27.4 percent) above the July 2019 estimate of 661,000.
https://www.census.gov/construction/nrs/pdf/newressales.pdf
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Here’s The Best Real Estate Markets From WalletHub
Here’s WalletHub’s 2020’s best real estate markets. WalletHub recently crunched the numbers on the best real estate markets comparing “300 cities of varying sizes across 24 key indicators of housing-market attractiveness and economic strength.
https://www.forbes.com/sites/ellenparis/2020/09/12/heres-the-best-real-estate-markets-from-wallethub/#5fa37c226691
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Amazon announces massive expansion projection in Bellevue, bringing 10,000 jobs
Without much fanfare, Amazon has been announcing massive expansion plans in Bellevue while throttling back on its office space footprint in Seattle.
https://komonews.com/news/local/amazon-announces-massive-expansion-projection-in-bellevue-bringing-10000-jobs
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Today’s Mortgage Interest Rates: Sept. 17, 2020—Refinancing Can Help More Homeowners Than Ever
The average mortgage interest rate on both the 30-year and 15-year fixed mortgage stayed relatively flat this week. On Thursday, the average rate on a 30-year fixed mortgage inched up to 2.87%—just one basis point higher than last week
https://www.forbes.com/advisor/mortgages/todays-mortgage-interest-rates-09-17-2020/
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How Many Homes are Concrete-Framed?
We know lumber prices are up more than 170% since mid-April as of mid-September.
http://eyeonhousing.org/2020/09/how-many-homes-are-concrete-framed/
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WSJ/THE US College Rankings 2021: Duke and Carnegie Mellon rise
Duke and Carnegie Mellon universities are the biggest risers at the top of a student-focused ranking of US universities and colleges.
https://www.timeshighereducation.com/news/wsj-us-college-rankings-2021-duke-and-carnegie-mellon-rise
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Freedom to Telecommute Could Add Almost 2 Million Potential Buyers to the Market
A switch to more telework could give 1.92 million U.S. renters (4.5% of renter households) the option to leave the metropolitan areas where they currently live and buy a starter home in a cheaper locale.
https://www.zillow.com/research/telecommute-2-million-buyers-27866/
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Mortgage Rates Hit Record Lows. Could They Fall Even Further?
One of the few bright spots for home buyers and owners in 2020—a year marred by a pandemic, economic recession, social unrest, wildfires, hurricanes, and a highly polarized presidential election—has been rock-bottom mortgage interest rates.
https://www.realtor.com/news/trends/mortgage-rates-at-record-lows-when-to-buy-a-house/
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AUTUMNAL EQUINOX 2020: THE FIRST DAY OF FALL
In 2020, the autumnal equinox—also called the September equinox or fall equinox—arrives on Tuesday, September 22.
https://www.almanac.com/content/first-day-fall-autumnal-equinox
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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