News / Features

New-home sales post unexpected rebound in August 

Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

NAR partners with National Forest Foundation to plant 1.575 million trees

NAR and the National Forest Foundation (NFF) plan to plant 1.575 million new trees by the end of 2025, thanks to a $1.575 million donation from NAR. That many trees will reduce 750,000 metric tons of carbon in the atmosphere — the equivalent of 145,931 homes’ yearly electricity use.

Guaranteed Rate unveils new Spanish-language mortgage program

The mortgage lending and digital finance company Guaranteed Rate has launched an extensive Language Access Program to expand services to Spanish-speaking clients. The program uses language and cultural information to create an inclusive and informative experience for all clients, regardless of their English proficiency.

Two views on what the Fed’s latest interest-rate hike means for real estate

Two economists expressed concerns about the real estate industry in the wake of the Fed’s decision to raise interest rates by three-quarters of a percent. 

Seattle stands out as one of the best markets for real estate investment over the last 10 years

The Seattle area’s median single-family home price jumped from $285,000 to $698,600 over 10 years.

Real Estranger Things

Enter the Upside Down… in Fayetteville, Ga! The famous Byers home from “Stranger Things” is officially on the market.

NAR: Existing-home sales fell in August while prices rose 

The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before. 

NAR: Charitable giving by REALTOR® associations increased 20% in 2021

The NAR’s Community Aid and Real Estate (CARE) Report shows that REALTOR® associations donated a median of $12,070 this past year, a 20% increase over 2020.

Housing starts surprise to the upside in August 

New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.  

Builder confidence falls for ninth consecutive month 

A continuing combination of increased interest rates, supply-chain disruptions and high home prices has sapped homebuilder sentiment every month this year. 

Sellers lose the upper hand as mortgage rates rise

The housing market is starting to become more balanced.

Northwest MLS launches rebrand with new website, logo

Northwest Multiple Listing Service has rebranded with a new public-facing website and modernized logo.

Seattle named a top 21 city for real estate investment in 2022 and 2023

Norada cited Seattle’s population growth and strong labor market, indicating a robust rental market in the years to come.

30-year fixed tops 6% for first time since 2008 in latest MBA survey 

Mortgage applications declined 1.2% during the week ended Sept. 9, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. 

Seattle ranked the No. 7 city in the nation for Gen Z residents

Seattle was boosted by its No. 2 rank for unemployment and No. 3 finish for both internet speed and parks.

Northwest MLS inventory doubles year over year

Pending sales and closings were down 22% and 24%, respectively, in August compared to the same month in 2021.

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