Top Economic and Housing Experts Predict Post-Pandemic Rebound With Continued Job Growth, Stable Interest Rates in 2021
More than 20 leading economic and housing experts predict GDP growth of 3.5% and an annual unemployment rate of 6.2% in 2021
https://www.nar.realtor/newsroom/top-economic-and-housing-experts-predict-post-pandemic-rebound-with-continued-job-growth-stable
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Seattle-area housing market remains strong into holiday season
The Seattle-area housing market remained strong in November, even as the holiday season kicked off, normally signaling a slower market.
https://www.seattlepi.com/realestate/article/seattle-housing-market-remain-strong-into-holidays-15785212.php
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Cities, Real Estate And The COVID-19 Vaccination
The property market is all about the future — planning it, procuring it, and above all pricing it. Yet as lockdown succeeded lockdown during 2020 the moment when the future could be priced receded into the distance. The new normal never arrived.
https://www.bisnow.com/national/news/capital-markets/vaccine-stories-a-property-dilemma-106952
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$2 Million Condos Steps From The Ski Slopes
These ski-in, ski-out homes are in the West’s best ski towns
https://www.mansionglobal.com/articles/2-million-condos-steps-from-the-ski-slopes-221888
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Washington state attorney general vows to sue over sped-up federal sale of Seattle’s National Archives property
For two months, an Oct. 1 decision to rush through the federal government’s controversial sale of the National Archives facility in Seattle went basically under the radar.
https://www.adn.com/nation-world/2020/12/05/washington-state-attorney-general-vows-to-sue-over-sped-up-federal-sale-of-seattles-national-archives-property/
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Get ready for another roaring ’20s, UCLA economic forecast predicts
UCLA economists issued an optimistic forecast Wednesday, predicting the U.S. economy will experience “a gloomy COVID winter and an exuberant vaccine spring,” followed by robust growth for some years.
https://www.latimes.com/business/story/2020-12-09/california-economy-ucla-forecast-covid-vaccine?campaign_id=49&emc=edit_ca_20201210&instance_id=24895&nl=california-today®i_id=82594215&segment_id=46559&te=1&user_id=49ba96e2c327872f00827b95b1f32543
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For Some Sellers, Permanent Fixtures Remain Forever Theirs
Real-estate agents recall clients who took built-in appliances and toilet seats along with them
https://www.mansionglobal.com/articles/for-some-sellers-permanent-fixtures-remain-forever-theirs-144769
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Cost isn’t the only factor squeezing JBLM soldiers looking for housing in tight market
Availability, not affordability, is the main issue facing military families looking for housing in Pierce County, according to a new survey by the South Sound Military Community Partnership.
https://www.thenewstribune.com/news/business/real-estate-news/article247623745.html
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When Will Seattle Home Buyers Receive the Gift of Lower Prices?
Competition remains fierce across the county, with low inventory and prices that border on exorbitant. In Seattle, the median single-family home or condo went for $760,000; a year earlier, the price tag was $675,000.
https://www.seattlemet.com/home-and-real-estate/2020/12/when-will-seattle-home-buyers-receive-the-gift-of-lower-real-estate-prices
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Mill Creek Announces Leasing Underway at Modera Broadway
Situated along Broadway at East Howell Street, the community features 228 apartment homes and 9,125 square feet of retail space. That includes 10 live and work homes that cater to the ever-increasing remote worker.
https://www.prnewswire.com/news-releases/mill-creek-announces-leasing-underway-at-modera-broadway-301190134.html
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How real estate may benefit from a Biden presidency, and how it may not
Following the 2020 presidential election, there has been a noticeable uptick of real estate activity in New York City and other big cities.
https://abcnews.go.com/US/biden-bump-real-estate-benefit-biden-presidency/story?id=74490285
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S&P/Case-Shiller WA-Seattle Home Price Index
Updated: Nov 24, 2020
https://fred.stlouisfed.org/series/SEXRNSA
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Today’s Mortgage Interest Rates: Dec. 10, 2020—Rates Won’t Budge From Record Lows
Mortgage rates for both the 30-year and 15-year fixed mortgages remained unchanged this week, giving buyers and homeowners (who want to refinance) another shot at snagging the lowest rates on record.
https://www.forbes.com/advisor/mortgages/mortgage-interest-rates-12-10-20/
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Low Interest Rates, Housing Boom — a Boon for Borrowers
Cash-out refinancings, home equity loans and credit lines can bring cash quickly
https://www.aarp.org/money/credit-loans-debt/info-2020/low-interest-fuels-home-equity-borrowing.html
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Metro Area Wealth Gains from Homeownership as of 2020 Q3
Housing wealth accumulation takes time and is built up by paying off the mortgage debt and by price appreciation.
https://www.nar.realtor/blogs/economists-outlook/metro-area-wealth-gains-from-homeownership-as-of-2020-q3
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NAR Launches "First-Time Buyer" Streaming Video Series on ROKU
Eight-part series will showcase Realtor® value, also stream on YouTube and Facebook.
https://www.nar.realtor/newsroom/nar-launches-first-time-buyer-streaming-video-series-on-roku
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SUCCESSFUL RURAL DIGITAL OPPORTUNITY FUND AUCTION TO EXPAND BROADBAND TO OVER 10 MILLION RURAL AMERICANS
The Federal Communications Commission announced
today that millions of rural Americans in 49 states and the Commonwealth of the Northern
Mariana Islands will gain access to high-speed Internet service through the Rural Digital
Opportunity Fund Phase I auction
https://docs.fcc.gov/public/attachments/DOC-368588A1.pdf
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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