Nearly 29 million Gen Zers could be trying buy a home by 2026
While mortgage lenders are currently dealing with heavy demand, they need to prepare for a large generation of borrowers soon to come.
https://www.nationalmortgagenews.com/news/nearly-29-million-gen-zers-could-be-trying-buy-a-home-by-2026
______________________________________________________________________________________________________________
The housing market is so hot buyers are paying $1 million over asking price
What do homebuyers have to do to get a house in this cutthroat real estate market? Offer sellers a Caribbean vacation? Bid $1 million over the asking price? Pay a competing bidder hundreds of thousands of dollars to walk away?
https://www.cnn.com/2021/06/16/homes/us-housing-market-offers/index.html
______________________________________________________________________________________________________________
Hundreds of Seattle homes selling for $300K over asking
Median home-sale price rose 26.1% year over year to $737,800
https://www.housingwire.com/articles/hundreds-of-seattle-homes-selling-for-300k-over-asking/
______________________________________________________________________________________________________________
Cities With More Remote-Friendly Jobs See Slower Office Market Recovery
Seattle, Boston and San Francisco have higher rates of remote-friendly jobs and office demand in those markets has recovered the least; Chicago, Los Angeles and New York have relatively fewer remote-friendly jobs and have had a more pronounced recovery, according to the June 2021 VTS Office Demand Index (VODI) monthly report
https://www.businesswire.com/news/home/20210623005333/en/Cities-With-More-Remote-Friendly-Jobs-See-Slower-Office-Market-Recovery
______________________________________________________________________________________________________________
Exiting Seattle: An innovative company is coming to Everett
TimberRise and its 33-year-old founder, Carson Bowlin, are the sort of new addition to the Everett business community that should make any economic development office quite happy. Over the next month, Bowlin plans to move his growing real estate development business from Seattle to Everett.
https://www.heraldnet.com/business/exiting-seattle-an-innovative-company-is-coming-to-everett/
______________________________________________________________________________________________________________
U.S. existing home sales fall again as prices continue to soar
Sales of previously-occupied homes fell for the fourth straight month in May as soaring prices and a limited number of available properties discouraged many would-be buyers.
https://www.pressherald.com/2021/06/22/u-s-existing-home-sales-fall-again-as-prices-continue-to-soar/
______________________________________________________________________________________________________________
Housing boom: 4,000 Seattle homes sold for at least $100K more than asking price this year
The data reflects the red-hot housing market, with record-low inventory creating intense bidding wars for homes. A typical home in Seattle has sold for $47,878 above asking price in 2021, compared to $3,025 in 2020.
https://www.geekwire.com/2021/housing-boom-nearly-5k-seattle-homes-sold-least-100000-asking-price/
______________________________________________________________________________________________________________
These Are the 5 Most Popular Cities for Gen-Z Home Buyers
In today's real estate market, a lot of buyers are having trouble finding homes, especially since inventory is so low and prices are so inflated
https://www.fool.com/the-ascent/mortgages/articles/these-are-the-5-most-popular-cities-for-gen-z-home-buyers/
______________________________________________________________________________________________________________
Inslee extends eviction ban in Washington through Sept. 30 to give more time for COVID-19 aid to help
Gov. Jay Inslee Thursday announced an extension of the emergency ban on evictions through Sept. 30 in an effort to help Washington tenants navigate the economic fallout from the COVID-19 pandemic.
https://www.seattletimes.com/seattle-news/politics/inslee-extends-eviction-moratorium-in-washington-through-sept-30/
______________________________________________________________________________________________________________
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
______________________________________________________________________________________________________________
Market Hotness Index
Metro Hotness - Zip Code and County Hotness
https://www.realtor.com/research/reports/hottest-markets/
______________________________________________________________________________________________________________
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
______________________________________________________________________________________________________________
Economic Indicators
U.S. Census Bureau Economic Indicators
https://www.census.gov/economic-indicators/
______________________________________________________________________________________________________________
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
______________________________________________________________________________________________________________
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
______________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
http://www.bea.gov/index.htm
______________________________________________________________________________________________________________
Mortgage Market Survey Archive
Compilation of Weekly Survey Data for 2015
http://www.freddiemac.com/pmms/archive.html
______________________________________________________________________________________________________________
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
______________________________________________________________________________________________________________