News / Features

Case-Shiller: Home-price declines ‘may have come to an end’; Seattle sees 2% gain

A second consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index could indicate a reversal of the negative trend that began last year. 

Sellers making concessions to buyers has doubled since 2022

Seattle had the third-largest increase in seller concessions from last year.

PulteGroup appoints Kevin Henry chief people officer 

The incoming executive has held similar roles at BlueLinx Corp. and Extended Stay America. 

NAR: Limited supply keeps pending-home sales flat in April 

Despite solid demand, a dearth of homes for sale kept transaction numbers muted in the association’s most recent report on pending sales. 

New-home sales rise for fifth month in a row 

A shortage of existing inventory continues to drive buyers to new construction. 

New Home Co. expands into Pacific Northwest

California-based homebuilder New Home Co. is expanding further into the Pacific Northwest with the opening of a new Washington division.

NAR: Existing-home sales and days on market slide in April 

Multiple-offer situations have returned with the spring buying season while distressed and forced sales are “virtually nonexistent,” the National Association of REALTORS® said.

PulteGroup hires COO 

The hire follows the December 2022 firing of the homebuilder’s senior vice president for field operations, who had been tapped to become COO on Jan. 1. 

Single-family starts rise in April 

Single-family permits also posted a gain, indicating even more new homes are headed to today’s supply-constrained housing market. 

Seattle allocates $147 million for affordable housing

Seattle Mayor Bruce Harrell announced that the city will award $147 million to affordable housing providers this year.

Builder confidence rebounds in May on tight existing inventory 

Homebuilder optimism was buoyed by continued shortages of new housing inventory, the National Association of Home Builders reported. 

Boulevard Park named one of the most affordable suburbs within a hot housing market

Boulevard Park, with a population just over 5,000, has a median price per square foot of $222, a 61% difference compared to Seattle.

The spring market is a seller’s market as demand rises, supply remains low

Seattle’s April average home value and pending sales rose from March as new inventory fell.

NAR adds fair-housing training requirement to Realtor qualifications 

Realtors will be required to complete two hours of training every three years beginning in 2025. 

FHFA rescinds “unworkable” fee ahead of implementation 

The mortgage industry decried the proposed loan-level pricing adjustment for borrowers with higher debt-to-income ratios. 

MBA: Mortgage applications rise on lower rates 

Interest rates on mortgages of all types declined last week, spurring an uptick in borrowing, the Mortgage Bankers Association reported. 

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