Local News
Real estate news in Atlanta

Despite an average nationwide uptick, Seattle rents declined year over year in May.

Housing markets across the country saw new listings growth in June, as the median list price hit yet another all-time high, and Seattle was no exception.

New construction apartments are getting bigger in Seattle and other major markets after shrinking in size from 2016 to 2020, according to a recent study by RENTCafe and Yardi Matrix.

More than 4,500 homes in the Seattle metro area have sold for more than $100,000 over their asking prices this year, and 580 of those fetched more than $300,000 over the asking price, according to a new Redfin report.

Inventory levels rebounded last month, finally showing signs of recovery following a year of historical declines.

The typical increase in home sales as summer approaches failed to materialize nationwide last month, with average sales dropping 0.2% from April to May, while month-over-month sales in Seattle bucked the trend slightly, climbing 0.4%, according to the RE/MAX May National Housing Report.

The rise in equity could help stave off foreclosures because homeowners can tap into that equity and sell their home, unlike during the 2008 financial crisis when many homeowners found themselves underwater in their mortgage, according to CoreLogic.

Experts at Builder Magazine recently came out with their Local Leaders list for 2020, which ranks the country’s 50 largest new-home markets based on closings by the end of the year.

The startup that allows buyers to make cash offers on homes while trying to secure a mortgage is expanding to new markets while growing existing ones.

Rising property values had homeowners cashing out of their existing residences to buy bigger homes in less-expensive areas last year.

Active listings for single-family homes dropped for the first time from April to May.

Pierce County led the way with a 61% increase in single-family permits.

Researchers find a mid-week sweet spot for listing a home for sale.

Sellers keep winning, while the pandemic and a strong economy are redefining long-held notions about metro Seattle’s real estate market.

Home-price growth remained in double digits for the 10th straight month in May as inventory lows pushed the median listing prices up 15.2% from last year.

Housing records continue to be broken, but despite the strong numbers, data could indicate homebuyer demand is reaching a peak.