CBB donates $25K for wildfire relief
Coldwell Banker Bain announced a recent donation worth almost $25,000 to Northwest Response
https://www.djc.com/news/re/12135574.html
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Sellers still direct a hot housing market but fall cooling approaches
Sellers still hold the reins of the U.S. housing market as prices reach record year-over-year gains and low inventory further erodes
https://www.dailyrecordnews.com/news/state/sellers-still-direct-a-hot-housing-market-but-fall-cooling-approaches/article_e95dbad3-7dc4-58a2-907d-ae5ea8188dab.html
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Here Are The Hottest Housing Markets, Real Estate Stocks In Surprise Covid Boom
Just six months ago, the idea of a housing boom would have seemed ridiculous as millions of Americans were losing their jobs. But low interest rates and the work-from-home trend are stoking real estate stocks and home sales in smaller housing markets.
https://www.investors.com/news/real-estate-stocks-housing-markets-watch-surprise-covid-boom/
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Home sales, prices on the rise in Seattle-area housing market amid coronavirus pandemic
The most recent Northwest Multiple Listings Service report — which serves 23 counties, mostly in Western and Central Washington — showed the region saw 10,175 sales transactions during September, the greatest number since June 2018.
https://www.seattlepi.com/realestate/article/home-sales-prices-on-the-rise-in-Seattle-area-15631499.php
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Puget Sound region sees ‘extraordinary’ drop in housing inventory
Housing prices across King, Snohomish, and Pierce County have skyrocketed over the last month, with double-digit year-over-year increases in median home prices in all three areas. This comes amid an historically low inventory for prospective home buyers.
https://mynorthwest.com/2216787/matthew-gardner-puget-sound-region-drop-housing-inventory/
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Opendoor and other iBuyers' sales stall despite hot housing market
Despite a hot housing market this summer and fall, iBuyers — online homebuyers and sellers — project meager sales for the rest of the year. Most iBuyers drastically cut their inventory when they paused buying in March and April — and now, they don’t have enough homes available in stock to meet buyer demand.
https://finance.yahoo.com/news/opendoor-and-other-i-buyers-sales-stall-despite-hot-housing-market-175806818.html
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S&P/Case-Shiller WA-Seattle Home Price Index
Updated: Sep 29, 2020
https://fred.stlouisfed.org/series/SEXRNSA
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Autumn of heartbreak for home shoppers as Seattle-area prices hit new record highs
Pulled up by unrelenting demand and an inventory drought, King County home prices hit a new all-time high of $753,600 in September, a 14% bump over last year, according to new data from the Northwest Multiple Listing Service.
https://www.seattletimes.com/business/real-estate/autumn-of-heartbreak-for-home-shoppers-as-seattle-area-prices-hit-new-record-highs/
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Condos could make comeback in housing market if single-family home prices keep rising
Experts say the desire for condominiums could heat up if the price of single-family homes continues to rise.
https://www.foxbusiness.com/real-estate/condos-could-make-a-comeback-in-housing-market-despite-price-increase
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The drivers impacting home buying decisions now
National Housing Conference CEO David Dworkin on how the coronavirus outbreak has impacted the housing market and home buying trends.
(Video)
https://video.foxbusiness.com/v/6192337521001/#sp=show-clips
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U.S. Condo Prices Upticks in August as Inventory Explodes Nationwide
Single-family home price growth at 11.9 percent annually far outpaces condo price appreciation at 5.4 percent
https://www.worldpropertyjournal.com/real-estate-news/united-states/seattle/real-estate-news-rising-home-vales-in-2020-condo-price-appreciation-report-coronavirus-impact-on-condo-sales-redfin-2020-housing-data-12160.php
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Western Washington housing market is hot, could Boeing job losses change that?
While real estate is still booming across Puget Sound, experts wonder if Boeing's Dreamliner relocation could change that.
https://www.king5.com/article/money/markets/real-estate/western-washington-housing-market-is-hot-could-boeing-job-losses-change-that/281-eaf661bc-38fe-4b54-8a72-395ab51a5d35
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Sellers still direct a hot housing market but fall cooling approaches
Sellers still hold the reins of the U.S. housing market as prices reach record year-over-year gains and low inventory further erodes
https://www.dailyrecordnews.com/news/state/sellers-still-direct-a-hot-housing-market-but-fall-cooling-approaches/article_e95dbad3-7dc4-58a2-907d-ae5ea8188dab.html
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Millennials and mortgage rates are heating up Seattle’s housing market
During the worst bout of job losses since the Great Depression, home prices are rising quickly. And in Seattle the growth is faster than anywhere else in the country, save Phoenix – 7% year-over-year, according to the S&P CoreLogic Case-Shiller Home Price Index.
https://www.seattletimes.com/business/real-estate/listen-millennials-and-mortgage-rates-are-heating-up-seattles-housing-market-reporter-katherine-khashimova-long-explains-on-kuow/
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Microsoft CEO says remote work can feel like ‘sleeping at work’
Microsoft has been a major beneficiary of the work-from-home boom spurred by the Covid-19 pandemic. But Chief Executive Officer Satya Nadella is realizing the pitfalls of being away from the office for so long.
https://www.seattletimes.com/business/microsoft-ceo-says-remote-work-can-feel-like-sleeping-at-work/
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Seattle is among hottest U.S. housing markets — and prices are rising fast on the cheapest homes
Home prices around Seattle rose faster than in any city in the country, save Phoenix, for the sixth consecutive month in midsummer.
https://www.seattletimes.com/business/real-estate/seattle-one-of-the-hottest-housing-markets-in-the-country-yet-again/
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Giant portal goes direct to public with its own agency division
Zillow – the U.S. equivalent of a Rightmove, has insisted for years that it had no plans to emply its own agents. But this week the giant, Seattle-based, portal did just that – opening its own real estate brokerage.
https://propertyindustryeye.com/giant-portal-goes-direct-to-public-with-its-own-agency-division/
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Real Estate Fraud Prevention Coalition Recognizes National Cybersecurity Awareness Month
This October, the Real Estate Fraud Prevention Coalition is leading efforts to recognize National Cyber Security Awareness Month in America. Alongside partners in federal, state and local government, the coalition will use this month to elevate public understanding of cybersecurity risks and equip consumers with tools and resources to stay safe online.
https://www.nar.realtor/newsroom/real-estate-fraud-prevention-coalition-recognizes-national-cybersecurity-awareness-month
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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