15% of Washington renters are not up to date on their rent.

New home construction missed analyst estimates in September, falling 8.1% month over month to an annual rate 1,439,000 homes, according to government statistics. 

Seattle’s median rent asking price in September was $3,972.

The report shows decreases in sales prices, as well as an overall increase in days on the market. While this could be due partially to high interest rates, Bailey says the shift in the market could open up opportunities for buyers who’ve had to put their plans on hold.

Seattle’s year-over-year housing inventory growth was 78.7%, 10th among major metro areas.

Approximately 58% of homebuyers say they’d be willing to purchase a haunted house — and nearly 25% think they already have.

September data from Northwest MLS showed housing inventory is on the rise, while closed sales and prices have dipped.

The analysis found an increase in mortgage denials and in potential borrowers withdrawing mortgage applications in areas with an elevated risk of flooding.

The markets cooling fastest are many of the same places that saw the biggest spikes in home prices during the last three years. 

Looking ahead, CoreLogic expects the year-over-year pace of home-price appreciation to slow to 3.5% by August 2023. 

The average median home size varies drastically across the country, according to American Home Shield’s 2022 American Home Size Index.

Market volatility is causing more and more homebuyers to delay or cancel plans to make a purchase.

Washington scored well “across most factors,” the study said, and it finished second to Delaware in the overall rankings.

Rising mortgage rates have led to a substantial increase in the number of markets considered overvalued.

Mortgage rates continue to fluctuate by nearly half a percentage point every month, leaving homebuyers facing the most volatile three-month period they’ve seen since 1987.

“Homeownership remains largely unaffordable for the majority of homebuyers in the majority of markets across the country,” said Rick Sharga, executive vice president of market intelligence at ATTOM.