News / Features

Half of homes sold above asking price last month, but some wonder if demand has peaked

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

Rising home prices wipe out affordability gains brought on by low interest rates, higher income

Higher income, backed up by lower mortgage rates, has expanded the reach of the average homebuyer, but an increased demand for homes has concurrently driven up prices, negating two of the three main factors in First American Financial Corp.’s Real House Price Index.  

NAR: Existing-home sales slide 2.7% in April on short supply

Existing-home sales slid for the third month in a row in April, declining 2.7% from March to a seasonally adjusted annual rate of 5.85 million, according to the National Association of Realtors.

RE/MAX: Recordbreaking median home sales price climbs again in April

The limited inventory that has plagued the housing market continued, although at an abated pace.

Regulations add almost $94K to new home prices

A recent NAHB survey shows that regulatory costs imposed by the government account for $93,870 (or 23.8%) of the current price of new homes.

NAR: Q1 brings home price gains in virtually every market

The most expensive markets continued to experience double-digit growth in the first quarter, including Seattle.

Home equity grows nationwide in first quarter

Residential property equity continued to grow in the first quarter of 2021, with one in three homes considered equity rich.

Bidding wars on Seattle home purchases continue to soar

These included 79% of the offers in Seattle, a bump from the 74.8% rate this past March and a leap from the 50% rate in April 2020.

It’s a seller’s market, Fannie Mae survey shows

Americans believe it’s a much better time to sell a home than to buy one, according to Fannie Mae’s latest survey of home purchase sentiment.

Gen X and millennials want home gyms. Boomers? Not so much.

Whether they’re still weary of going to a gym full of people or just looking to work off those extra pandemic pounds in privacy, homebuyers are increasingly prioritizing home exercise rooms.

Seattle metro inventory gains muted by unprecedented demand

Last month’s uptick in new listings is sure to be a welcome sign for Seattle homebuyers — and their battle-weary real estate agents. But April housing statistics released by Northwest Multiple Listing Service (MLS) show that sellers still won’t see their homes remain on the market for very long.

Seattle named the best city in the country to be a real estate agent

A new study by WalletHub tells why Seattle is the best city in the country for agents.

Demand for second homes more than doubles pre-pandemic numbers

The number of buyers who locked in mortgage rates for second homes spiked to 178% year over year in April, according to a report from Redfin.

April housing market sets records for sales and speed

The housing market hit records last month as home prices reached an all-time high and homes sold faster than ever. 

Employment growth misses estimates in April with 266k new jobs

The employment numbers for March were revised down as well. The most recent data indicate a 770,000 increase in jobs for the month, compared to the previously reported increase of 916,000.

Life under the dome

No, this mind-blowing house is not an optical illusion — it’s a geodesic dome home that would make Buckminster Fuller proud.

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