Current Market Data

Single-family home construction slows for second month in a row as apartment starts jump 

“Builders are responding to higher mortgage rates and are chasing rising rents, with fewer homebuyers and more renters being forced to renew their leases.” — NAR Chief Economist Lawrence Yun 

Find out where Seattle ranks on the new Best Places to Live list

Seattle scored extremely well for the local job market and had good marks on quality of life and desirability.

NAHB: Builder confidence plunges in May on affordability concerns 

The release of the monthly survey from the National Association of Home Builders comes as the Biden Administration unveiled a housing-supply action plan that aims to boost the supply of affordable apartments and new homes. 

Washington scores well on ranking of best states for taxes

The Tax Foundation’s ​​2022 State Business Tax Climate Index ranked Washington 15th on its list. Wyoming was No. 1 and New Jersey was last.

Fewer buyers doesn’t mean more available homes

Despite the drop in demand, homes are selling faster than ever.

Can $150,000 buy a home in Seattle? 

The data illustrates the struggle for first-time homebuyers trying to get a foot in the housing door in the country’s largest markets.

Mortgage applications rise for second week despite historically high rates 

Despite a slow start to the spring homebuying season, prospective buyers are showing some resiliency in the face of higher mortgage rates, as seen by two weeks in a row of increasing loan applications. 

Sellers drop prices as buyers continue to find little relief

Homes are selling at record-breaking speed.

Small signs of a return to ‘normalcy’ in Puget Sound housing market

NWMLS brokers added more listings in April than any month since July, and inventory improved in pockets of the Seattle housing market.

Smaller markets lead the way in Q1 home-price gains; Seattle sees 14.2% rise

Seventy percent of the 185 metros surveyed by the National Association of REALTORS® saw double-digit price gains in the first quarter, compared to 66% in the preceding period. 

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