News / Features

Pending-home sales post surprise increase in May 

The increase ends a six-month string of monthly declines, the National Association of REALTORS® said.

Mortgage payments up 55.2% in Seattle, as housing affordability hits 15-year low

The hit to affordability has lessened demand, eased price growth, slowed sales and boosted inventory

Surprise surge in new-home sales in May as median price falls 

New-home inventory rose to 444,000 homes in May from 437,000 homes in April, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.  

Mortgage lender Geneva Financial opens new branch in Seattle

Mortgage lender Geneva Financial on Thursday announced the opening of a new Seattle branch led by manager Nadia Raknai.

Washington among top 10 most fun states

When you consider entertainment, recreation, nightlife, parties and overall costs, it turns out, Washington is a pretty fun state! And that has a positive effect on Seattle real estate.

Median existing-home price tops $400,000 for first time in May 

Meanwhile, existing-home sales slid 3.4% from April to a seasonally adjusted annual rate of 5.41 million, according to the National Association of REALTORS®. 

Seattle home sales fall 3.6% year over year in May

Nationwide, sales fell 8.5% annually and rose 5.8% monthly, as rising interest rates and home prices weighed on homebuyers’ purchasing power, RE/MAX said.

Housing starts plunge in May amid uncertain economic conditions 

New-home completions rose during the month, however, with the increased inventory representing a rare bright spot in an otherwise gloomy government report. 

Compass to close Seattle-based Modus as part of cutbacks

Modus, founded in Seattle in 2018, touted a more efficient, secure and transparent system for closing on a home.

The Fed hikes interest rates 0.75% — what it means for real estate

The Federal Reserve raised interest rates by .75% today: the sharpest increase since 1994. How will that affect real estate?

Compass and Redfin announce layoffs

Two major real estate firms are cutting their workforces amid a cooling housing market. Compass and Redfin are laying off 10% and 8% of their current staffs, respectively.

Is the ‘lumber bubble’ finally bursting?

Lumber prices, once emblematic of widespread supply-chain woes, are finally beginning to fall. How will this affect the housing market?

Ranking every state by its most expensive home listing. Where does Washington land on the list?

It is a fun reminder that location is everything, and every state has amazing ultra-luxury properties for the right price.

Northwest MLS alters compensation rules for brokers

Compensation the seller offers to the buyer broker will be set by the seller, rather than commission sharing between the brokerage firms.

Great location — adjacent to Jurassic Park

Your dream home is ready for excavation in Cleveland, Ohio. With large dinosaur statues playing out prehistoric scenes, this three-bedroom colonial is like no other home on the market.

Half of Americans are brought to tears while buying a home

A new Zillow survey revealed that 50% of Americans cry while buying a home, with Gen Z and millennial buyers far more likely to shed tears at least once during their home-buying journey.

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