CoreLogic expects prices to continue to grow through next year, albeit at a more traditional pace than in the height of the pandemic. 

Amid year-over-year declines in Seattle market activity, single-family home prices saw the first annual increase since January last month.

Those looking to buy a house will be paying a premium as inventory continues to be an issue.

Eighteen percent of millennials — approximately one in five — believe they will never become a homeowner, according to a recent survey from Redfin.

That’s significantly higher than than the national average — only one in 10 U.S. homes are valued that high.

Pending transactions were in negative territory for most of this year, so the recent increases could bode well for future activity. 

A fifth consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index suggests the housing market recovery that began earlier this year is likely to continue. 

Two weeks after housing inventory turned negative, home prices posted a healthy increase, MarketNsight said. 

First-timers made up 45% of buyers in 2022 and 37% in 2021.

High mortgage rates and limited inventory continued to weigh on sales activity, National Association of REALTORS®Chief Economist Lawrence Yun said. 

Agents from Windermere Real Estate and Realogics Sotheby’s International Realty were responsible for a majority of the most expensive new listings from the past month.

Over 115,000 apartments could join the Seattle housing market, according to the Q2 2023 Construction Pipeline report from Berkadia.

Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Meanwhile, July’s home sale prices had their highest increase since November.

Decelerated sales in July also contributed to an increase in the overall housing supply. Inventory grew to 1.76 months, up from 1.55 months in June.

A new report from Point2Homes illustrates just how much living space a person must give up to make the switch from renting to owning while maintaining the same housing budget.