Current Market Data
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The 10-city composite index rose 1.4% on a monthly basis and 19.1% on a yearly basis, while the 20-city composite gained 1.5% monthly and 19.9% annually.
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Fewer buyers were looking for vacation homes in August, as the demand for second homes dropped for the third month in a row.
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The seasonally adjusted estimate of new houses for sale at the end of July was 378,000, representing a supply of 6.1 months at the current sales rate.
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Last year’s en-masse move to remote work has driven what Zillow has dubbed the Great Reshuffling, as homeowners working from home have paused and reevaluated where and how they live.
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The increase was driven by a 21.6% month-over-month spike in the rate of new multifamily construction. Single-family housing starts, meanwhile, slid 2.8%.
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September’s reading of 76 was up one point from August, despite lingering challenges with labor and the building-material supply chain, the National Association of Home Builders reported, citing the latest NAHB/Wells Fargo Housing Market Index.
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Month over month, home sales were down 3.5%, and the median sale price declined 1.2% to $335,000.
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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.
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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.
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Pending home sales in August rose just 9%, the slowest growth since June 2020, according to a new Redfin report.
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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.
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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.
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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.
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Home markets where demand is extremely high, like Tacoma and Spokane, are being dubbed “Zoom cities.”
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Housing inventory fell in Seattle during August, while housing starts and existing-home sales rose.
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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.