A 15% rise in applications for adjustable-rate mortgages drove overall mortgage applications higher in the most recent weekly survey. 

In King County, prices rose by 1% annually in Q3 — and that appreciation outpaced local wage increases, as in 47% of counties analyzed.

Point2Homes analyzed listings in every U.S. state and Washington, D.C. to determine the most expensive home for sale in each.

Regionally, pending sales were down across the board on both a monthly and an annual basis, the National Association of REALTORS® said. 

Total housing inventory at the end of August was 1.11 million units, up 3.7% from July but down 14.6% on a year-over-year basis, the National Association of REALTORS® said. 

All listings were posted within the last 30 days in the city of Seattle.

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

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. 

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. 

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.