Report finds buyers are backing off from buying second homes, but what’s causing the turnaround?

Our expectations and desires have shifted, with renters searching for more space — often at a higher price tag. And, according to a new study from RentCafe, that’s especially true in Seattle.

The move fuels Redfin’s plan to become a one-stop shop to buy, sell, rent or finance a home.

Scott urged homebuyers to keep recent interest rate hikes in perspective and said job growth will be key to a robust housing market.

Rankings were calculated in several areas, including crime rates, public schools, housing trends, diversity, cost of living, nightlife, outdoor activities and employment opportunities.

StorageCafe conducted a study on construction in the 50 largest metros — and among them, Seattle-Tacoma-Bellevue ranks 12th for growth.

Nationwide, there are 481 million-dollar cities on Zillow’s list, meaning towns with a typical home value of $1 million or more.

A Seattle household earning the median annual salary of $104,900 would need to spend 36.37% of that salary to afford the median-priced home of $679,000.

Seattle’s new mayor made clear this week that housing and issues that affect home values will be major pieces of his administration. 

Across the country, 10% of ZIP codes with the largest share of children had an average home value growth of 21.3% from October 2020 to October 2021.

Pathway Homes was formed by ResiLabs, a partnership between real estate private equity investor Regis Group, single-family rental landlord Invitation Homes Inc. and venture-capital firm Fifth Wall. 

Microsoft recently announced an update to the $750 million pledge it made three years ago to address affordable housing in the Seattle area. 

Seattle averaged more showings per property listing in December than any other market in the United States, according to a new report from ShowingTime.

The average price for a single-family home in King County is more than $1 million, a 20.1% increase year over year.

Rising prices and rates are driving up mortgage payments which are pushing up demand for rentals.

Rent growth also slowed in December, posting the lowest monthly increase since February 2020.