Existing-Home Sales Soar 9.4% to 6.5 Million in September
Existing-home sales grew for the fourth consecutive month in September to a seasonally-adjusted annual rate of 6.54 million – up 9.4% from the prior month and nearly 21% from one year ago.
https://www.nar.realtor/newsroom/existing-home-sales-soar-9-4-to-6-5-million-in-september
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Study: Tacoma is nation's fastest-selling housing market; Seattle home prices soar 18%
Home prices skyrocketed by more than 18% in Seattle last month, and Tacoma was the fastest-selling real estate market in the nation for the third month in a row, a new analysis shows.
https://komonews.com/news/local/study-tacoma-is-nations-fastest-selling-housing-market-seattle-home-prices-soar-18
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A Look at Wealth 2020: Affluent Trailblazers
An unprecedented migration of wealth has led to new demographics shaping the luxury real estate landscape in 2020.
https://issuu.com/thereportgroup/docs/coldwell_banker_-_alaw_report_oct20_5?fr=sY2U2MzIyMzM0
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Mortgage rates fall to yet another historic low
The average rate on the 30-year mortgage rate fell to another record low last week amid the release of new housing data reinforcing how the Federal Reserve’s move to make home loans more affordable is spurring growth in sales, prices and construction nationwide.
https://www.seattletimes.com/business/real-estate/mortgage-rates-fall-to-yet-another-historic-low/
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Homebuilder confidence in U.S. rises to record high
U.S. homebuilder confidence advanced in October to a fresh all-time high as record-low interest rates continued to fuel sales and the demand outlook.
https://www.seattletimes.com/business/real-estate/homebuilder-confidence-in-u-s-rises-to-record-high/
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COVID-19 accelerating trend of out-of-area buyers in Spokane, housing experts say
The coronavirus pandemic is accelerating a growing trend of out-of-area buyers and remote workers moving to Spokane in search of a better quality of life and affordable housing, real estate experts said at the Association of Washington Business Housing Forum Virtual Series earlier this week.
https://www.spokesman.com/stories/2020/oct/21/covid-19-expediting-trend-of-out-of-area-buyers-in/
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Unseasonably Fierce U.S. Real Estate Market Shows Signs of Slowing Down
There was a slight decline in bidding wars last month, according to Redfin data
https://www.mansionglobal.com/articles/unseasonably-fierce-u-s-real-estate-market-shows-signs-of-slowing-down-220450
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UW jumps to No. 8 in global ranking of best universities; computer science among top subjects
The University of Washington has moved up two spots to No. 8 in the latest ranking of Best Global Universities from U.S. News & World Report, beating out such prestigious institutions as Princeton, Yale and Johns Hopkins.
https://www.geekwire.com/2020/uw-jumps-no-8-global-ranking-best-universities-computer-science-among-top-subjects/
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Two Wash. cities named best small cities to live in 2020
The COVID-19 pandemic and shift to working remotely had many real estate experts predicting that there would be a huge exodus out of major cities like Seattle and into the roomier suburbs.
https://www.seattlepi.com/local/seattlenews/slideshow/Two-Wash-cities-named-best-small-cities-to-live-211268.php
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Uber Founder Turns Real-Estate Mogul for Ghost Kitchen Startup
SJ analysis shows entities tied to Travis Kalanick spent more than $130 million on property acquisitions for CloudKitchens
https://www.wsj.com/articles/uber-founder-turns-real-estate-mogul-for-ghost-kitchen-startup-11603186200
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Seattle city exodus is 'extreme': Harbor Custom Development CEO
Harbor Custom Development CEO Sterling Griffin discusses the suburban real estate market boom.
https://video.foxbusiness.com/v/6203178176001/#sp=show-clips
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Realtors surprised by housing boom during coronavirus pandemic
Bonnie Roseman says that before this year she almost exclusively sold homes within Portland. Now the real estate agent is making sales as far as Mount Hood and is seeing her busiest year in decades.
https://katu.com/news/local/realtors-surprised-by-housing-boom-during-coronavirus-pandemic
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Boeing Considering Selling Seattle Headquarters
Boeing is considering selling its sprawling Commercial Airplanes headquarters near Seattle to trim costs amid the pandemic revelation that most of its office-bound employees can work from home
https://www.avweb.com/aviation-news/boeing-considering-selling-seattle-headquarters/
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Share of 5,000+ Square Foot Homes Down Slightly in 2019
According to the Census Bureau’s Survey of Construction, the share of new homes started with 5,000 square feet or more of living space stood at 2.71 percent in 2019, down slightly from 2.88 percent in 2018.
http://eyeonhousing.org/2020/10/share-of-5000-square-foot-homes-down-slightly-in-2019/
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Luxury home sales surge in Washington
Underscoring the uneven impact of the pandemic, sales of the most expensive Seattle-area homes surged in the third quarter of the year at more than double the rate of the area’s most affordable homes.
https://www.seattletimes.com/business/real-estate/luxury-home-sales-surge-in-washington-driven-by-tech-employees-with-big-pandemic-paychecks/
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Sammamish Claims Top Spot on U.S. Small Cities Ranking
The COVID-19 pandemic has spurred migration activity to markets outside of big cities. Research by WalletHub ranked Sammamish, WA as the top small city in the U.S. in its report on 2020’s Best Small Cities in America, while Redmond, WA was ranked No. 10.
https://www.connect.media/sammamish-claims-top-spot-on-u-s-small-cities-ranking/
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Home Values are Growing at a Pace Not Seen Since the Recovery From the Great Recession
A prolonged inventory shortage during a time of high demand has sent home value growth skyrocketing -- even hitting double digits in some areas of the country - Home values rose to $259,906, up 2.2% since June, which is the largest quarterly increase since 2013
https://www.dailyrecordnews.com/news/state/home-values-are-growing-at-a-pace-not-seen-since-the-recovery-from-the-great/article_176114d3-35bc-5803-bad1-8fca418ec40b.html
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TikTok Studios, Zoom Rooms and Co-Working Spaces Are the New Must-Have Home Amenities
As working from home becomes the norm, residential developers are trading movie rooms and lounges for souped-up work spaces
https://www.mansionglobal.com/articles/tiktok-studios-zoom-rooms-and-co-working-spaces-are-the-new-must-have-home-amenities-143698
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Existing Home Sales Surge Despite Record-Low Supply
Boosted by historically low mortgage rates, existing home sales, as reported by the National Association of Realtors (NAR), rose for a fourth consecutive month in September and reached its highest level in more than 14 ½ years.
http://eyeonhousing.org/2020/10/existing-home-sales-surge-despite-record-low-supply/
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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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