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. 

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

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

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

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

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

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

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

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

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

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

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

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

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

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