Trends
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The 716,000 per-year rate of new-home sales topped the consensus estimate of 700,000.
The 2.5% decline followed a 1.3% increase in July, according to the National Association of REALTORS®.
At a time of year when the real estate market typically experiences seasonal declines, this fall is bringing just the opposite.
While the average monthly housing payment in the U.S. fell to its lowest level since the start of the year, it isn’t improving sales, as potential buyers are holding out for lower mortgage rates.
Specifically, prices rose 4.3% annually after growing by 4.7% in June.
July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000.
The pace of home sales increased 1.3% from June after months of decreases, the National Association of REALTORS® said.
Housing inventory reached its highest level since the pandemic in July, according to Realtor.com’s July Monthly Housing Markets Trends Report.
The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month.
There are plenty of ways to upgrade a home without knocking down walls or hiring a whole construction crew.
Seattle is one of the most affordable cities in the country for people who work from home, according to a report from CoworkingCafe.
This month’s roundup of the 10 most expensive new listings in Seattle includes two houseboats — one in Portage Bay and the other on Lake Union.
Rents in different neighborhoods and areas within the Seattle metro are growing (or slowing) at their own paces.
Despite record high prices, two factors are creating opportunities for homebuyers this summer: falling mortgage rates and rising supply.
Despite spending more time than ever at home, more than half of Americans admit to hiding from their neighbors, according to a survey from Top Rail Fence.
Washington is the No. 9 state in the country for house-flipping, according to a report from Highland Cabinetry.