Good News for Home Buyers The growing signs of a slowdown in the housing market might be good news for home buyers. Slowing home prices—after the double-digit increases last year—mixed with still-low interest rates are making homes more affordable. Also, the supply of homes for sale today represents 5.8 months of demand, the most since …
Category Archive: Home Prices
Jul 29
The Real Estate Battle In Seattle: Everybody Loses On Their First Try
If you’ve been following the real estate market in the Seattle metro, you know it’s more competitive than it has been in maybe a decade. Available inventory continues to fall, with less than two months’ inventory now hitting a one year streak (balanced markets have 5-6 months’ inventory). Sellers continue to get higher prices for …
Apr 30
Home prices inch up, but few signs of bubble trouble
The Seattle area posted the nation’s third-highest monthly home-price rise in a housing report released Tuesday, but the gain was slight and signs of a housing bubble are few. Of the 20 metro areas tracked by the S&P/Case-Shiller Home Price Index, Seattle was one of only six areas to see home prices rise from January to …
Mar 04
Moving-Up? Do it NOW not later… it will cost you more tomorrow
Predicted that 75% of buyers this year will be ‘move up’ buyers A recent study revealed that the number of existing home owners planning to buy a home this year is about to increase dramatically. Some are moving up, some are downsizing and others are making a lateral move. Another study shows that over 75% of these buyers will, in …
Jan 30
Is there a correlation between real estate values and the Super Bowl?
Super Bowl and Real Estate Facts Fact: Seven of the 10 NFL teams that have gone to the Super Bowl the most (five times or more) are from cities with HIGH median home prices, when compared to the average median home price of cities with NFL teams. Fact: Nine of the 13 NFL teams that have gone to the …
Oct 23
As the leaves fall, so have house prices fallen in the Seattle area
Single-family home prices in King County saw a remarkable run from January to July, when the median price hit $434,000, a 24% increase in just seven months. Sounds like a 2006 market, doesn’t it? Then a jump in mortgage rates took some steam out of the market. In August, the median sale price slipped almost 1%. …
Apr 26
Seattle home values increase 10.1% from March 2012
Home appreciation slows After months of robust and seemingly unsustainable annual home value appreciation, the housing market is showing signs of moderation in the first quarter, according to data from Zillow. Nationally, the Zillow home value index increased 5.1% year-over-year to $157,600 as of the end of the first quarter. March marked the 16th consecutive month that U.S. …
Mar 22
Seattle Home Prices up 17% - #6 in the nation
As of the end of February, Seattle was the 6th highest city in the country recording growth in median home price increases. Seattle registered a 17% increase to $313,000 and a corresponding employment rate increase of +3.9%. Phoenix was #1 with a 34% median price increase. Home prices increased in 88% of U.S. metropolitan areas …
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