Current Market Data
We spoke with real estate experts — Rachel Adler, managing broker with Windermere/East Inc.; Ron Kirse, Seattle district manager of U.S. Bank Home Mortgage; and Lysa Catlin, branch manager of Summit Funding in Kirkland — to get their thoughts on mortgage rates. Get an insider’s look on what to expect in the months ahead.
Taggers, hoping to leave their mark — quite literally — have marred and maligned street signs, bus stops, freeways, public buildings, even private property. The city’s Find It, Fix It app aims to remedy the situation.
Pending home sales in August rose just 9%, the slowest growth since June 2020, according to a new Redfin report.
A decline in new home listings has had little impact on the market as far as demand is concerned, according to a recent Redfin report.
For the first time, iBuyers, also known as instant buyers, clinched 1% of the overall market share of homes purchased nationwide, according to Zillow Research.
Income levels and mortgage rates gave homebuyers in June 129% more house-buying power than they had in 2006, according to First American Financial Corp.’s June Real House Price Index.
Home markets where demand is extremely high, like Tacoma and Spokane, are being dubbed “Zoom cities.”
Housing inventory fell in Seattle during August, while housing starts and existing-home sales rose.
Even as the real estate market is showing signs of cooling and more sellers are dropping asking prices, median home prices increased by double digits from last year.
Homebuyers in the Seattle area should brace themselves — again — amid expectations that the residential real estate market could jump 18% next year, according to a new study by Porch.
Polaris Pacific has compared the number of new construction sales for the month of July, as well as resale listings, or existing condo sales. The data is revelatory.
Personal finance website WalletHub has ranked the Seattle real estate market as No. 22 compared to local markets nationwide.
Also during the month, the median sales price rose to $390,500 from $370,200 in June, according to the U.S. Census Bureau and the Department of Housing and Urban Development.
In what’s been a historic, frantic market, homes selling for large sums over list prices have risen sharply since January.
You might be surprised by the results of this survey.
“The bright spot in an otherwise underwhelming report comes from the increase in the overall number of permits issued, which can signal how much home construction is in the pipeline.” — First American deputy chief economist Odeta Kushi