Home prices shot up over the summer; Seattle still No. 2 in nation for growth
Prices around Seattle rose year-over-year by 8.5% in August, the second-highest rate of growth in the country after Phoenix, which clocked a 9.9% increase, according to the S&P CoreLogic Case-Shiller Home Price Index released Tuesday morning.
https://www.seattletimes.com/business/real-estate/home-prices-shot-up-over-the-summer-seattle-still-no-2-in-nation-for-growth/
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S&P/Case-Shiller WA-Seattle Home Price Index
Aug 2020: 277.03238 (+ more)
Updated: Oct 27, 2020
https://fred.stlouisfed.org/series/SEXRNSA
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Former Zillow execs raise $40M seed round for Tomo Networks to reinvent how people buy homes
Two former top Zillow Group leaders are getting back in the real estate industry with new startup that aims to change the way Americans buy homes.
https://www.geekwire.com/2020/former-zillow-execs-raise-40m-seed-round-tomo-networks-reinvent-people-buy-homes/
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American Housing Is In A Full-Fledged Boom
The US housing market is booming. Last month, the number of Americans buying new houses spiked to a 14-year high. Home prices are growing at their fastest pace since 1991.
https://www.forbes.com/sites/stephenmcbride1/2020/10/29/american-housing-is-in-a-full-fledged-boom/?sh=430f1523df9e
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What could the spring 2021 housing market have in store?
The ongoing legacy of the pandemic
https://www.housingwire.com/articles/what-could-the-spring-2021-housing-market-have-in-store/
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Architectural styles for design-savvy travelers: Victorian to modern
Part of the allure of getting away is to experience a different environment and that includes the architecture of the place you’re staying.
https://www.oregonlive.com/travel/2020/10/architectural-styles-for-design-savvy-travelers-victorian-to-modern.html
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Guide to Residential Styles
Every house has a style. Sometimes it has two or more; because of renovations and new, eclectic mixes, fitting a home into one specific category can be daunting or even impossible
https://magazine.realtor/home-and-design/guide-residential-styles
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S&P CoreLogic Case-Shiller: US home prices up 5.2% in August
U.S. home prices posted a robust gain in August — another sign that the American housing market remains strong
https://www.bendbulletin.com/business/s-p-corelogic-case-shiller-us-home-prices-up-5-2-in-august/article_431e947a-eb0f-52d2-be13-0a3fcd5954c1.html
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Junk haulers have hands full with pandemic cleanouts
"You tend to accumulate a lot of things, and there comes a time when you need to relinquish it and let it go,"
https://www.bendbulletin.com/business/junk-haulers-have-hands-full-with-pandemic-cleanouts/article_62897d5e-0816-11eb-8c79-9bd573cefc77.html
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Coolest Coastal Towns: Escape to the 25 coastal ZIP codes with the most vibrant real estate activity in 2019
When Gov. Kate Brown ordered much of the state economy to shut down in mid-March, asking residents to stay home to prevent the spread of the novel coronavirus, many city dwellers took the opportunity to evacuate to their second homes on the Oregon Coast and many others fled to the beaches and coastal towns for day trips.
https://www.bizjournals.com/portland/news/2020/10/29/escape-to-25-coastal-zip-codes.html
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CBRE Names Seattle Top Hub for Life Sciences Industry, VC Funding
In the second quarter of 2020, the city’s life sciences industry received $613.5 million in venture capital funding
https://www.seattlebusinessmag.com/health-care/cbre-names-seattle-top-hub-life-sciences-industry-vc-funding
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How to host a safe outdoor Thanksgiving (and decide if you should)
Thanksgiving is usually a time we cozy up around the dinner table and share food and stories with those we love. But given the pandemic, experts are recommending a change in holiday plans this year.
https://www.seattletimes.com/nation-world/how-to-host-a-safe-outdoor-thanksgiving-and-decide-if-you-should/
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10 Real Estate Facts All Real Estate Investors Should Know Right Now
Whether you invest in commercial real estate or residential real estate, there are endless ways to participate and hopefully profit in real estate investing. Staying on top of current trends and statistics in the real estate market will help make you make more informed real estate investment decisions.
https://www.fool.com/millionacres/real-estate-basics/articles/10-real-estate-facts-all-real-estate-investors-should-know-right-now/
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Strong Seattle housing market sparks ripple effect in Thurston County
With Seattle home prices on the way up, buyers and renters are looking for housing 60 miles south in Olympia and other cities in Thurston County.
https://www.king5.com/article/news/strong-seattle-housing-market-sparks-ripple-effect-in-olympia-thurston-county/281-23e19418-2657-4ae9-8678-a6bb9ead4680
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Sequim’s median home price reaches highest ever
Sequim’s third quarter saw the “highest median price on record” and “steepest quarter over quarter in over 15 years,” according to Michael McAleer, president of the Sequim Association of Realtors, in his third quarter Sequim Real Estate Report.
https://www.sequimgazette.com/news/sequims-median-home-price-reaches-highest-ever/
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Zillow cuts 80 Zillow Offers jobs, adjusting its approach in field offices as it eyes expansion
The service, which competes with companies such as Seattle-based Redfin and San Francisco-based Opendoor in the direct purchase and sale of homes, is still targeting an overall expansion in the coming year.
https://www.geekwire.com/2020/zillow-cuts-80-zillow-offers-jobs-adjusting-approach-field-offices-eyes-expansion/
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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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What price a view? It’s in the eye of the beholder
What’s the most-sought after amenity in a property? Probably waterfront, but those homes are limited in number. There’s no debate for second place – view. You can talk about imported hardwood floors and landscaped yards, but brokers and agents agree that views help to sell homes more than any other highlight
https://www.spokesman.com/stories/2020/oct/25/tom-kelly-what-price-a-view-its-in-the-eye-of-the-/
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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