National News

As demand for new homes cools, builders reconsider future plans

A sudden slowdown in home construction hasn’t affected the rise of new apartment buildings. Ten of the country’s top metros are set to reach five-year peaks in new-apartment construction during 2022.

Median days on the market increases in Seattle and nationwide

Homebuyers nationwide had more time to make decisions in August with the first year-over-year increase in median days on the market since June 2020.

Two Seattle real estate businesses make Inc. 5000 list of fastest-growing companies

Companies are ranked by percentage revenue growth from 2018 to 2021 and had to have earned at least $100,000 in revenue in 2018 and $2 million in 2021.

S&P Corelogic Case-Shiller Index: Seattle home prices rose 19.2% in June

Though home prices are still increasing across the United States, the rate of growth is slowing, according to the latest S&P CoreLogic Case-Shiller Indices.

Share of ARM applications hits highest percentage in 15 years

More borrowers are turning to adjustable-rate mortgages to save money as interest rates climb.

Bigger portion of Seattle homes sitting on the market for 30-plus days

The share of Seattle homes listed for more than 30 days has increased 41.3% in the last year, according to Redfin.

Compass cuts signing bonuses following Q2 market downturn

Compass revealed big losses — to the tune of $100 million — in its second quarter report. And as a result, the firm will no longer offer equity or cash incentives to new agents.

Homebuyer competition falls in Seattle and nationally

Seattle had one of the highest rates of homebuyer competition in July.

Seattle named by Airbnb as a top destination for long-term rentals

Which Snohomish County town was named the most affordable for nomadic living in the nation?

Mortgage rates fall to four-month low as buyers return to market

Homebuyers may catch a break this month as rates have come down nearly a point from the recent high on fears of a recession.

Mortgage rates fall below 5% — for the first time since April

The 30-year fixed-rate mortgage averaged 4.99% as of Aug. 4: down 0.8% from last week. The news marks the first time since April that mortgage rates have dipped below 5%.

The worst neighbor annoyances — ranked

Are your neighbors the worst? Whatever it is that grinds your gears, you can bet it comes in on this list of the top neighbor frustrations.

BidMyListing platform met with questions as it expands nationally

The platform, which recently announced its entry into markets across the country, is led in part by Josh Altman of Million Dollar Listing.

Federal Reserve raises interest rates by .75% — again

Matching June’s historic move, the Federal Reserve announced that interest rates are rising .75%. The target range for the federal funds rate now sits between 2.25% and 2.5%.

Four Washington Realtors make annual Top 250 Hispanic agents list

The National Association of Hispanic Real Estate Professionals released its 11th annual Top 250 Latino Agents Report.

10.5% of Seattle home-purchase agreements fell through in June 

About 14.9% of home-purchase agreements nationwide fell through in June, the highest percentage in more than two years.

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