Low inventory and high demand are buoying builder sentiment in the face of several headwinds. 

The drop in the pace of new-home construction follows a significant surge the month before, according to government statistics. 

For the first time in nearly a year, the average home sold above list price, fueling bidding wars in some markets.

Seattle is one of the top cities where college-educated people are putting their degrees to work, according to a new report from WalletHub.

Apartment Advisor analyzed 87 large U.S. cities to determine which offers the best opportunities for a local summer packed with outdoor fun.

As more owners continue to hang onto their houses, home values locally and across the nation have reached a new peak, but it comes at a cost.

Despite the declining rate of increase, home prices have risen for the last 136 months, CoreLogic said. 

In Seattle, homes with list prices over $1 million account for 34.3% of all homes on the market — the seventh-highest share of any large metro in the country.

It takes the average Seattle resident 13 years to save up for a 10% down payment on a home, according to a recent Axios analysis.

Seattle buyers competed over limited inventory during June, according to the latest report from the Northwest Multiple Listing Service.

Washington had an average price per square foot of $315. 

Transactions that do go through are typically seeing multiple offers, NAR Chief Economist Lawrence Yun said. 

A third consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index lends new evidence to claims that previous declines could be behind the market. 

Demand for newly built homes has remained strong as high interest rates keep many would-be sellers of existing homes off the market. 

At the same time, the median existing-home price for all housing types slid 3.1% year over year to $396,100. 

Three of the most expensive new listings this month are luxury penthouses — two of which are located at The Four Seasons Private Residences.