Market Updates

Zillow will flip houses on its own internet marketplace | Engadget

Zillow is no longer just a real estate marketplace that can help you find your next home — the company has decided to become an active participant in the field. In an announcement today, Zillow has revealed that it’ll flip Read More …

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Seattle-area home market heats up yet again, leading the country for 17th straight month | The Seattle Times

  Seattle kicked off 2018 the same way it spent the prior year and a half, as the hottest real-estate market in the country, with no slowing down. The cost of the typical single-family house across the Seattle metro area Read More …

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How to WIN a Multiple-Offer Situation | US News

  The real estate market is competitive right now, especially in larger markets like Los Angeles, San Francisco and Seattle. A lack of inventory over the last several years has pushed prices higher and created a challenging environment for buyers Read More …

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20% fewer homes on the market in Seattle this year | King5 News

  Unless more homes are built, economists say they don’t see the trend changing. There will be 20.1 percent fewer homes available on the market in the Seattle metro area this year than in 2017, part of nationwide inventory shortage Read More …

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Home sellers are making huge profits. So why aren’t more people selling? | CNN

It’s a great time to sell your home. So why aren’t more homeowners doing it? Sellers profited about $54,000 on average at the end of 2017, according to Attom Data Solutions. That’s a 10-year high and means sellers were bringing Read More …

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Why is Seattle home inventory so low? – Curbed Seattle

Low inventory was the theme of last year’s Seattle real estate news, and so far this year, inventory has been even more sparse. The latest data from Northwest Multiple Listing Service (NWMLS) shows less than a month of inventory available in Read More …

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Rising Home Prices and Interest Rates Will Inflate Mortgage Bills | realtor.com®

We’ve seen home prices marching steadily upward over the past few years, but now that mortgage rates are finally rising, too, home buyers can expect to see inflated mortgage bills, according to new data from realtor.com®. And nowhere are those Read More …

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Amazon ramps up Seattle growth target despite plans for HQ2 | The Seattle Times

  Amazon plans to grow its Seattle headquarters to almost 14 million square feet of office space, an addition of more than 2 million square feet from the last time the company updated its local real estate plans. As Amazon Read More …

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What home buyers and renters need to know about Trump’s steel tariffs – MarketWatch

A can of soda and a six-pack of beer may become more expensive thanks to the Trump administration’s proposed tariffs on steel and aluminum imports. And housing could cost more too. Trump announced on Thursday that he plans to impose a 25% tariff on Read More …

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Zillow’s Zestimate overvalued a Washington home by 700 percent in a case of algorithms gone wrong | The Seattle Times

When Seattle residents Sue and Roy Carlson bought a modest home on the Kitsap Peninsula in June, they paid $225,000 — a discount because the house was headed for foreclosure. Redfin now estimates the home in Belfair, southwest of Bremerton, Read More …

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What interest rate hikes mean for home buyers | CBS News

As the U.S. economy is getting stronger, interest rates are rising. But that could throw a wrench in would-be home buyers’ plans. CBS News | https://www.youtube.com/watch?v=z5VnYzFKhEI

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Bill Gates says it’s ‘a certainty’ that we will have another financial crisis like in 2008

Bill Gates said in a recent Reddit AMA that the US is heading toward a financial crisis of the magnitude of the 2008 downturn. Many economists consider the financial crisis of 2008 to be the worst economic downturn since the Read More …

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Seattle-area home market was nation’s hottest for 2017 — and cheaper areas from Bellingham to Spokane weren’t far behind | The Seattle Times

Seattle finished 2017 as the hottest housing market in the country for the entire year, and isn’t showing any signs of slowing down. And even cheaper towns in Washington, from Wenatchee to Bellingham to Spokane, aren’t far behind on the Read More …

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King County housing market kicks off 2018 even hotter than before, as Seattle breaks price record | The Seattle Times

The King County real-estate market finished 2017 as the priciest year in history. And 2018 is off to an even hotter start. Single-family-home prices across the county surged nearly 20 percent in January compared with a year prior, the biggest Read More …

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Rising interest rates’ impact on homeownership  – Curbed

Since the housing collapse 10 years ago, the U.S Federal Reserve has maintained a loose monetary policy, keeping interest rates low and providing easy access to credit. But with the economy nearing full employment and corporate America raking in record Read More …

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Seattle and Las Vegas: The Hottest Real Estate Markets in the U.S. | Fortune

Looking to buy a home in Seattle or Las Vegas? You might want to hurry, as prices are rising fast—and showing no signs of slowing down.The just-released Standard & Poor’s/Case-Shiller Home Price Index shows home prices in most major markets Read More …

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Seattle housing market inventory remains low, even for winter – Curbed Seattle

Most housing market updates in 2017 could be summarized with one sentence: Inventory is low as demand soars. This, in part, drove huge jumps in housing prices, with a recent report from real estate company Zillow finding that 52 percent of homes Read More …

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The Only Hope for Seattle’s Worsening Housing Crisis Is Now China – Slog – The Stranger

That did not take long. The day after Cary Moon officially acknowledged her loss to Jenny Durkan in Seattle’s mayoral race, both the Seattle Times and KOMO posted stories about the great interest Chinese investors have in the local housing market. This is curious because Moon (and Read More …

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Seattle and Eastside home prices, after brief slowdown, surge to record highs | The Seattle Times

  Home prices in Seattle have nearly doubled over the last five years, as the number of local homes for sale hits its lowest point on record. Local home prices are surging back up again to record heights, signaling the Read More …

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Western Washington Housing Market Still Strong | NWMLS

News Release Current Statistics | Market Recaps | Market Update Charts KIRKLAND, Washington (Oct. 5, 2016) – It’s still a seller’s market, but some leaders from Northwest Multiple Listing Service think the imbalance may be easing in some areas, pointing Read More …

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Seattle median sale price hits $625,000 as inventory still can’t keep pace | Curbed Seattle

  King County’s August average sale price was $601,995 while the median sale price came in at $499,974 Puget Sound housing inventory is on the rise. That sounds like good news for buyers, but there’s a catch. The rise in Read More …

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September 2016 Housing Market Update | NWMLS

Housing market still active, direction “positive” KIRKLAND, Washington (Sept. 7, 2016) – Home sales in Western Washington continued to outpace year-ago activity, but member-brokers at Northwest Multiple Listing Service say persistent inventory shortages are constraining activity. Despite a sparse selection Read More …

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August 2016 Housing Market Update | NWMLS

Early Signs of a “More Balanced Market” News Release KIRKLAND, Washington (Aug.4, 2016) – Home prices are still rising but the supply of homes is improving, prompting brokers to suggest some relief is in sight for would-be buyers. “We might Read More …

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Seattle’s housing prices set a new record but signal a potential cooldown | Curbed Seattle

Seattle set another housing price record in May but a drop in monthly growth could point to the possibility of the market slowing down The latest S&P/Case-Shiller index was released Monday and Seattle prices hit a new record for the third Read More …

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Market showing signs of adjusting | NWMLS Market Update

KIRKLAND, Washington (July 6, 2016) Home sales around Western Washington continued at a torrid pace during June, but a 10 percent year-over-year increase in new listings has some brokers with Northwest Multiple Listing Service suggesting a little relief may be Read More …

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June 2016 – Seattle Housing Market Update

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June 2016 – Eastside Housing Market Update

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May 2016 – Eastside Housing Market Update

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April 2016 – Eastside Housing Market Update

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