Newsy Real Estate Links

“In important matters, one should use several stratagems applied simultaneously after another as in a chain of stratagems. Keep different plans operating in an overall scheme; if any one strategy fails, apply the next strategy.”

– Sun Tzu

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How to Navigate the Coronavirus real estate market

Mortgage rates fall below 3% again

According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 2.99% with an average 0.8 point.

www.seattletimes.com/business/real-estate/mortgage-rates-fall-below-3-again/

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Mortgage Interest Rates Decrease Yet Again, Nearly Reaching Lowest Rate On Record

Two weeks ago mortgage interest rates slipped below 3% for the first time on record and after briefly inching their way back across that threshold last week interest rates have returned to just under 3% once again.

www.forbes.com/sites/amydobson/2020/07/30/mortgage-interest-rates-decrease-yet-again-getting-back-to-the-lowest-rate-on-record/#693dedad59c4

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Renting versus buying in a low interest rate environment

Becoming a homeowner is one of the biggest financial milestones in a New Zealander’s life, but is buying instead of renting really the best idea for everyone?

www.westpac.co.nz/rednews/property/renting-versus-buying-in-a-low-interest-rate-environment/

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Homes in rural Oregon are selling during the coronavirus to buyers with cabin fever

City dwellers who can’t see a future in which they will start going to indoor entertainment venues again question the value of an urban lifestyle.

www.oregonlive.com/realestate/2020/07/homes-in-rural-oregon-are-selling-during-the-coronavirus-to-buyers-with-cabin-fever.html

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Google Employees Can Work From Home Until July 2021

Google is letting its employees work from home for at least another year — a sign that the technology industry is expecting disruption from the coronavirus pandemic to linger for a long time.

www.npr.org/sections/coronavirus-live-updates/2020/07/27/895734132/google-employees-can-work-from-home-until-july-2021

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67% of Companies Expect Work From Home to Be Permanent or Long-Lasting

About two-thirds of businesses that have adopted remote work policies as a result of COVID-19 plan to keep at least some of those policies in place long-term or permanently, according to a recent study.

smallbiztrends.com/2020/06/work-from-home-permanently-survey.html

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All These Stories About People Fleeing Cities Are Total Nonsense

The narrative persists, but supporting evidence is weak at best.

www.curbed.com/2020/7/13/21319909/coronavirus-urban-exodus-cities-moving-suburbs

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School openings across globe suggest ways to keep coronavirus at bay, despite outbreaks

When Science looked at reopening strategies from South Africa to Finland to Israel, some encouraging patterns emerged

www.sciencemag.org/news/2020/07/school-openings-across-globe-suggest-ways-keep-coronavirus-bay-despite-outbreaks

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Parents with children forced to do school at home are drinking more

We found that parents who are stressed by having to help their children with distance learning during the COVID-19 pandemic drink seven more drinks per month than parents who do not report feeling stressed by distance learning.

theconversation.com/parents-with-children-forced-to-do-school-at-home-are-drinking-more-143164

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Not Everyone Hates School at Home

Despite the challenges of at-home learning, some parents are considering teaching kids at home this fall.

www.nytimes.com/2020/07/16/well/family/not-everyone-hates-school-at-home.html

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485 Best Homeschool Room Setup images

When Home Is Your School: Real Life Homeschool Space Inspiration

www.pinterest.ca/homeschoolon/homeschool-room-setup/

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U.S. Median Home Asking Price Hits All-Time High

The Northeast, where Covid is more under control, outperformed the rest of the country

www.mansionglobal.com/articles/u-s-median-home-asking-price-hits-all-time-high-217956

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Home Prices May Be Dropping Soon. Here’s Why.

Market forecasters say it’s likely to happen if federal response to the pandemic wavers.

www.curbed.com/2020/7/23/21333325/housing-market-real-estate-prices-coronavirus

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Private Hilltop And Ocean Views At Villa Valentin

Villa Valentin is located on a private hilltop overlooking the Mexican Pacific Ocean in beautiful Riviera Nayarit, Mexico.

www.jetsetmag.com/real-estate/riviera-retreat-private-hilltop-and-ocean-views-at-villa-valentin/

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A Foreclosure Crisis Could Still Happen

Homeowners are falling behind on their payments, but government policies are keeping them in their homes.

www.curbed.com/2020/7/27/21335855/coronavirus-foreclosures-housing-crisis

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Hatchback Cottages to produce DADUs

Detached Accessory Dwelling Units, aka backyard cottages, are a thing in Seattle, now sprouting all over the city.

www.djc.com/news/re/12133975.html

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A radical rebalancing of the urban environment

For months, cities across the country have been ceding car lanes to pedestrians and cyclists. These changes, born out of a global pandemic and plunging vehicle miles driven, are demonstrating the wide appeal for recalibrating the nation’s urban streets.

www.djc.com/news/re/12133963.html

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Pending Home Sales Edge Up in June

After the biggest monthly gain on record last month , pending home sales surged back to pre-pandemic levels, as homebuyers rushed back to the market, taking advantage of record-low mortgage rates.

eyeonhousing.org/2020/07/pending-home-sales-edge-up-in-june/

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Pandemic? What pandemic? Seattle-area home prices keep rising fast

Deep into the pandemic, prices for Seattle-area homes were still rising faster than any major city in the country, save Phoenix. There’s one sign, though, that the growth may be slowing.

www.seattletimes.com/business/real-estate/pandemic-what-pandemic-seattle-area-home-prices-keep-rising-fast/

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What You Should Know About Moving to Seattle

The Pacific Northwest is calling your name, and you consider a major metro area to be your best option for finding the right job and entertainment. Naturally, Seattle will be on your shortlist.

wtop.com/news/2020/07/what-you-should-know-about-moving-to-seattle/

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Case Shiller: May Posts 4.5 Percent Annual Home Price Gain

In May, home prices increased 4.5 percent YoY, down from 4.6 percent in the previous month, according to the most recent S&P CoreLogic/Case-Shiller Indices

rismedia.com/2020/07/28/case-shiller-may-annual-home-price-gain/?utm_source=newsletter&utm_medium=email&utm_campaign=eNews

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S&P/Case-Shiller WA-Seattle Home Price Index

Updated: Jul 28, 2020

fred.stlouisfed.org/series/SEXRNSA

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S&P/Case-Shiller OR-Portland Home Price Index

Updated: Jul 28, 2020

fred.stlouisfed.org/series/POXRSA

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Homeowners told permits for their home renovation will cost an extra $11,000, thanks to upzoning in Seattle

A reviewer said the renovation was substantial enough to qualify as new construction. According to rules passed in 2019, the Cherrys would need to pay $11,000 to the city’s low-income housing

www.seattletimes.com/business/black-homeowners-told-permits-for-their-home-renovation-will-cost-11000-thanks-to-upzoning/

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Weekly Housing Market Monitor

NAR Research compiles the latest housing market data in this weekly monitor, based on what REALTORS® are seeing in their market, mortgage data, jobless claims, foot traffic, and the latest home sales numbers.

www.nar.realtor/research-and-statistics/research-reports/weekly-housing-market-monitor

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Market Hotness Index

Metro Hotness – Zip Code and County Hotness

www.realtor.com/research/reports/hottest-markets/

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HOUSING STATISTICS

Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.

www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311

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Economic Indicators

U.S. Census Bureau Economic Indicators

www.census.gov/economic-indicators/

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Local Market Reports

All real estate is local and every market is unique. To help REALTORS® and other housing market analysts get the most out of the plethora of data that is available, NAR Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation’s largest metropolitan housing markets. Each report evaluates a number of factors affecting home prices, including:

www.nar.realtor/research-and-statistics/research-reports/local-market-reports

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CoreLogic Home Price Insights

The most geographically comprehensive and current home price index.

www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl

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Bureau of Economic Analysis

U.S. Economy at a Glance

www.bea.gov/index.htm

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Mortgage Market Survey Archive

Compilation of Weekly Survey Data for 2015

www.freddiemac.com/pmms/archive.html

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Housing Economics

NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

www.nahb.org/en/research/housing-economics.aspx

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“I never make the same mistake twice. I make it like five or six times, you know, just to be sure”

– Unknown

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The Most Instagrammable Outdoor Spaces

Our lives have all changed since the pandemic started, and the way we use the spaces in our homes has changed right along with it. Outdoor spaces have quickly become one of the most sought-after residential features this year

blog.coldwellbankerluxury.com/the-most-instagrammable-outdoor-spaces/?utm_source=zeta&utm_medium=newsletter&utm_campaign=7.23.20_CBGL_Curated_Newsletter&bt_ee=fNJMXsPEMqUioUGsXqvThChLsfGHXxxOnYF1Ba7sDJEXl44dStRYTWqKrQblQiKQUhkl3j0OG0YSJDuEgueItQ%3D%3D&bt_ts=1595520418637

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Existing-Home Sales Climb Record 20.7% in June

Existing-home sales rebounded at a record pace in June, showing strong signs of a market turnaround after three straight months of sales declines caused by the ongoing pandemic, according to the National Association of Realtors®

www.nar.realtor/newsroom/existing-home-sales-climb-record-20-7-in-june

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Summary of Existing-Home Sales June 2020

Each of the four major regions achieved month-over-month growth, with the West experiencing the greatest sales recovery.

(See PDF)

www.nar.realtor/sites/default/files/documents/ehs-06-2020-summary-2020-07-22.pdf

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Homes and Estates 2020 Issue 3

In need of summer inspiration? Creating personal sanctuaries in our homes, plus we cover of-the-moment topics like luxury RVs, today’s hottest golf courses and healthier luxury home products.

blog.coldwellbankerluxury.com/2020-issue-3/

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COVID-19: Inslee announces changes to phased reopenings, eviction moratorium

Gov. Jay Inslee announced changes to the Safe Start phased reopening plan and an extension on the statewide eviction moratorium on Thursday as coronavirus continues to spread around Washington State.

komonews.com/news/coronavirus/inslee-announces-changes-to-phased-openings-extension-on-statewide-eviction-moratorium

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More homeowners looking to move out of Seattle and San Francisco

A combination of record-low mortgage rates, remote work policies, and other factors are driving homeowners in cities such as Seattle and San Francisco to look elsewhere for a new place to live.

www.geekwire.com/2020/redfin-data-shows-homeowners-looking-move-seattle-san-francisco/

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When will school open? Here’s a state-by-state list

Find out whether schools are opening in-person, online or a hybrid option.

www.today.com/parents/when-will-school-open-here-s-state-state-list-t179718

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More Seattle-area residents selling their homes, leaving the area

More and more people are seeking to sell their homes and move out of Seattle area, according to a newly released report.

komonews.com/news/local/report-more-seattle-area-residents-selling-their-homes-leaving-the-area

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Local broker says people frustrated about protests, violence in Seattle choosing to move

Local broker says people frustrated about protests, violence in Seattle choosing to move

komonews.com/news/local/local-broker-says-people-frustrated-about-protests-violence-in-seattle-choosing-to-move

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A proposed development in Northwest Portland would displace low-income residents

A developer plans to demolish the Flanders House and replace it with market rate apartments

www.streetroots.org/news/2020/07/21/proposed-development-northwest-portland-would-displace-low-income-residents

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Seattle staycation: How to spend a weekend in Kirkland

Located just 20 minutes northeast of downtown Seattle rests Kirkland, boasting a population just over 93,000 alongside myriad coffee shops, lakeside strolls, an abundance of emerald parks and, of course, the original home of both the Seattle Seahawks and Costco.

www.seattlepi.com/lifestyle/travel/slideshow/what-to-see-and-do-in-kirkland-205261.php

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For Floating-Home Owners, Life Is But a Dream

There are two types of water-based homes. A houseboat, or live-aboard, is technically a boat that is navigable. A floating home is not. Floating homes evolved from primitive forms like slapdash shelters rigged atop wooden log rafts and used by fisherman, loggers, and boatmakers.

www.mansionglobal.com/articles/for-floating-home-owners-life-is-but-a-dream-141278

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Where are housing prices heading? Gain, then pain

In his 17 years as a Seattle real estate broker, Sam Mansour had never witnessed a marvel to match the shopping frenzy that took flight in the first days of reopening.

fortune.com/2020/07/17/home-prices-housing-market-preview-what-is-next-coronavirus/

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CFPB launches investigation of Quicken Loans real estate affiliate

Quicken Loans, the nation’s largest mortgage lender, said the Consumer Financial Protection Bureau is investigating its real estate affiliate for potential violations of the Real Estate Settlement Procedures Act.

www.americanbanker.com/news/cfpb-launches-investigation-of-quicken-loans-real-estate-affiliate

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10 steps to take to try to prevent your own eviction

If you’re struggling to pay your rent amid the coronavirus crisis, your options are probably limited. Here are 10 steps to try and prevent your own eviction.

www.seattletimes.com/business/10-steps-to-take-to-try-to-prevent-your-own-eviction/

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Low interest rates drive boom

“As we are coming out of lockdown, we see this backlog of buyers trying to take advantage of record-low rates,” says Lawrence Yun

www.courant.com/business/hc-hre-smooth-moves-0726-20200723-pkvwi4ge45hyrlv4c6wib3ayc4-story.html

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Refinancing my mortgage would save me $14,000 in interest, I was told: Here’s why I didn’t do it

Conscious Coins founder Zina Kumok shares what she’s learned about how to make refinancing decisions that are right for you and your financial future.

grow.acorns.com/refinancing-your-mortgage-what-you-need-to-know/

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TOP 10 MOST VALUABLE CITIES IN THE UNITED STATES

People have been flocking to big cities for decades, driving the prices of residential real estate up in big cities. The COVID-19 pandemic has accelerated the work-from-home trend, which would give people the freedom to live and work from anywhere.

www.valuewalk.com/2020/07/top-10-most-valuable-cities-us/?fbclid=IwAR1LsEGnTMKlIx099fEmCprsWHF28eM39uuGGS8mjHWb-WyGT-lG7lO633I

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The Zoom social etiquette guide

The most noticeable difference between in-person socialising and the video calls we’ve had to rapidly adjust to overnight? Just how jarring the whole transition is.

www.bbc.com/worklife/article/20200428-the-zoom-social-etiquette-guide

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Nestled Into a Private Corner of Portland’s Urban Forest, This Glass-Walled Home Asks $2.5M

William / Kaven Architecture’s next-level spec home delights with drama and design

www.dwell.com/article/royal-home-william-kaven-architecture-portland-real-estate-122245ef

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Self-Isolate on These Six Dreamy Private Islands

If you have found yourself dreaming of escaping to your own private island where you can social distance in luxury, you are not alone.

blog.coldwellbankerluxury.com/self-isolate-on-these-six-dreamy-private-islands/?utm_source=zeta&utm_medium=newsletter&utm_campaign=7.23.20_CBGL_Curated_Newsletter&bt_ee=fNJMXsPEMqUioUGsXqvThChLsfGHXxxOnYF1Ba7sDJEXl44dStRYTWqKrQblQiKQUhkl3j0OG0YSJDuEgueItQ%3D%3D&bt_ts=1595520418637

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25 Tips for Buying Your First Home

Buying a home can be nervewracking, especially if you’re a first-time home buyer. Not only is it probably the biggest purchase of your life, but the process is complicated and fraught with unfamiliar lingo and surprise expenses.

www.thestreet.com/personal-finance/25-tips-for-buying-your-first-home-nw?puc=yahoo&cm_ven=YAHOO&yptr=yahoo?src=rss

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Coronavirus gives millennials rare home-buying opportunity

Some have been saving for a home since the end of the Great Recession

www.foxbusiness.com/markets/coronavirus-millennials-housing-market-opportunity

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How To Effectively Market Your Home In Today’s Climate

Gone are the days of freshly baked (or store-bought, no judgments) cookies in packed open houses — at least, for now.

www.forbes.com/sites/forbesrealestatecouncil/2020/07/13/how-to-effectively-market-your-home-in-todays-climate/#ba22c921b985

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Weekly Housing Market Monitor

NAR Research compiles the latest housing market data in this weekly monitor, based on what REALTORS® are seeing in their market, mortgage data, jobless claims, foot traffic, and the latest home sales numbers.

www.nar.realtor/research-and-statistics/research-reports/weekly-housing-market-monitor

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Market Hotness Index

Metro Hotness – Zip Code and County Hotness

www.realtor.com/research/reports/hottest-markets/

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HOUSING STATISTICS

Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.

www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311

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Economic Indicators

U.S. Census Bureau Economic Indicators

www.census.gov/economic-indicators/

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Local Market Reports

All real estate is local and every market is unique. To help REALTORS® and other housing market analysts get the most out of the plethora of data that is available, NAR Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation’s largest metropolitan housing markets. Each report evaluates a number of factors affecting home prices, including:

www.nar.realtor/research-and-statistics/research-reports/local-market-reports

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CoreLogic Home Price Insights

The most geographically comprehensive and current home price index.

www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl

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Bureau of Economic Analysis

U.S. Economy at a Glance

www.bea.gov/index.htm

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Mortgage Market Survey Archive

Compilation of Weekly Survey Data for 2015

www.freddiemac.com/pmms/archive.html

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Housing Economics

NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

www.nahb.org/en/research/housing-economics.aspx

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“Time is more valuable than money. You can get more money, but you cannot get more time.”

 

Jim Rohn

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6 Reasons Why This Is Actually the Best Time in Years To Sell a House

After closely examining the current housing market conditions, many real estate experts believe this summer could be one of the best times to sell a home in years.

www.realtor.com/advice/sell/reasons-why-now-is-a-good-time-to-sell-a-house/

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2020 COST VS VALUE REPORT

This site compares average costs for 22 remodeling projects with the value those projects retain at resale in 101 U.S. markets.

www.remodeling.hw.net/cost-vs-value/2020/

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Fewer Sellers are Cutting Prices in Tight Housing Market

A lower-than-normal share of listings with a price cut is another signal the market has tilted in favor of sellers

www.prnewswire.com/news-releases/fewer-sellers-are-cutting-prices-in-tight-housing-market-301090574.html

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Here’s The Secret To Finding Low Mortgage Rates

The 30-year fixed-rate fell to 3.07% over the Fourth of July weekend, another milestone low, according to Freddie Mac.

www.forbes.com/sites/advisor/2020/07/08/heres-the-secret-to-finding-low-mortgage-rates/#7946fca512bb

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Refinancing your mortgage could put cash in your pocket — here’s how to find out if it’s right for you

“We are telling everybody who has a loan over 4% to consider refinancing, if they still have income,”

www.cnbc.com/2020/07/06/refinancing-your-mortgage-can-save-you-money-heres-how-to-find-out.html

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Pending Home Sales Retreat Even as Mortgage Rates Dip to New Low

Pending sales were down 8% from a year earlier during the week ending June 28, although the decline was only 3% after adjusting for seasonal effects. New listings are now down 8% from a year ago, a slight improvement from a week earlier.

www.newsbreak.com/news/0PYSGmuU/pending-home-sales-retreat-even-as-mortgage-rates-dip-to-new-low

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Seattle area housing market in June sees shortage of homes, multiple offers

The Seattle area housing market in June saw a combination of a shortage of inventory and high buyer demand, pointing to a “very robust” market in the region, experts said.

www.seattlepi.com/seattlenews/article/Seattle-area-housing-market-in-June-sees-shortage-15391655.php

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Worst of both worlds for Seattle-area home shoppers: rising prices and not much for sale

Prices are on the rise. Homes are selling faster than they have since early 2018. Bidding wars abound. And fewer homes are for sale than any time in recent memory, new data from the Northwest Multiple Listing Service show.

www.seattletimes.com/business/real-estate/worst-of-both-worlds-for-seattle-area-home-shoppers-rising-prices-and-not-much-for-sale/

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Puget Sound area still among the strongest real estate markets in the country

Whether you’re buying, selling, or on the fence, local real estate experts said COVID-19 has not stopped the flow of buyers who want to live in Puget Sound region.

komonews.com/news/consumer/puget-sound-area-still-among-the-strongest-real-estate-markets-in-the-country

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Bidding wars: Portland homes with a private office, big yard are selling fast during the coronavirus

Despite stay-at-home orders, the coronavirus pandemic, high unemployment and an unsure global economy, people are buying homes in Portland.

www.oregonlive.com/realestate/2020/07/bidding-wars-portland-homes-with-a-private-office-big-yard-are-selling-fast-during-the-coronavirus.html

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Patti Payne’s Cool Pads: ‘Scottish castle’ on Redmond’s Gunshy Ridge lists for $3.5M

The 6,520-square-foot manse has four bedrooms, six bathrooms, and the interior is designed like a French country chateau where the Dahers did a $1.2 million remodel, elevating or changing almost every detail.

www.bizjournals.com/seattle/news/2020/07/03/alex-dahers-scottish-castle-in-redmonds-lists.html

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Young Adults Returning Home Is Impacting The Rental Market

Millions of young adults moved back in with their parents in March and April, as layoffs hit their incomes and lockdowns made shared urban apartments feel crunched.

seattlemedium.com/young-adults-returning-home-is-impacting-the-rental-market/

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Home Decor Market to Garner $838.6 Bn, Globally, by 2027 at 3.9% CAGR, Says Allied Market Research

Growing customer interest in home décor, surge in urbanization across the globe, and growth & developments in the real estate industry have boosted the growth of the global home decor market.

www.prnewswire.co.uk/news-releases/home-decor-market-to-garner-838-6-bn-globally-by-2027-at-3-9-cagr-says-allied-market-research-806934760.html

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Pending Sales Dipped Slightly Last Week, But Homes Are Still Moving at Record Pace

Homes continue to fly off the market just weeks after they’re listed — faster than any time in at least the past two years,

finance.yahoo.com/news/pending-sales-dipped-slightly-last-184200861.html

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TOP 10 MOST VALUABLE CITIES IN THE UNITED STATES

People have been flocking to big cities for decades, driving the prices of residential real estate up in big cities. The COVID-19 pandemic has accelerated the work-from-home trend, which would give people the freedom to live and work from anywhere. It could hurt the real estate prices in big cities

www.valuewalk.com/2020/07/top-10-most-valuable-cities-us/

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Shopping for a home based on the school district: Parents study test scores, class size

Schools may be temporarily closed but they remain a driving factor in parents’ home purchasing decisions.

www.oregonlive.com/realestate/2020/07/shopping-for-a-home-based-on-the-school-district-parents-study-test-scores-class-size.html

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Seattle-area home prices unscathed by coronavirus pandemic

Despite a statewide stay-at-home order, massive job losses and an uncertain economic outlook, home prices in the Seattle area zoomed up faster in April than any large metro in the country save Phoenix

www.seattletimes.com/business/real-estate/seattle-area-home-prices-unscathed-by-coronavirus-pandemic/

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S&P/Case-Shiller WA-Seattle Home Price Index

Observation: Apr 2020:

fred.stlouisfed.org/series/SEXRNSA

______________________________________________________________________________________________________________

S&P/Case-Shiller OR-Portland Home Price Index

Observation: Apr 2020

fred.stlouisfed.org/series/POXRSA

______________________________________________________________________________________________________________

Court affirms Portland renter law

The Oregon Court of Appeals on Wednesday affirmed a Portland ordinance requiring landlords to pay tenants’ relocation fees if their rent is increased by at least 10% or if they’re evicted without cause.

www.djc.com/news/re/12133517.html?cgi=yes

______________________________________________________________________________________________________________

Real estate lead generation overload

Real estate agents are confused and dismayed by too many lead generation options

www.housingwire.com/articles/real-estate-lead-generation-overload/

______________________________________________________________________________________________________________

East Coast and Illinois Have Highest Concentrations of Housing Markets Vulnerable to Coronavirus Impact

Majority of the 50 Most Vulnerable Counties in Second Quarter of 2020 Located in States Spanning Connecticut through Florida and in Illinois; Chicago, New York City, Baltimore and Washington, D.C., areas Have Clusters of Counties in Top 50; West Region Less at Risk of Housing-Related Issues

www.attomdata.com/news/market-trends/foreclosures/attom-data-solutions-q2-2020-coronavirus-housing-impact-report/

______________________________________________________________________________________________________________

What would it take to trigger a housing downturn in the second half of 2020?

At its beginning, the COVID-19 crisis had many consumers and housing professionals alike bracing for a housing crash. And with good reason: We were, and are, facing the biggest health and economic shock in recent modern-day history.

www.housingwire.com/articles/what-would-it-take-to-trigger-a-housing-downturn-in-the-second-half-of-2020/

______________________________________________________________________________________________________________

Safely buying and selling real estate during the coronavirus

Now more than ever, buyers are finding and viewing homes virtually, then basing decisions on whether to visit a home based on the digital listing. They’re also gravitating toward those that are move-in ready.

www.seattletimes.com/explore/at-home/safely-buying-and-selling-real-estate-during-the-coronavirus/

______________________________________________________________________________________________________________

______________________________________________________________________________________________________________

______________________________________________________________________________________________________________

Weekly Housing Market Monitor

NAR Research compiles the latest housing market data in this weekly monitor, based on what REALTORS® are seeing in their market, mortgage data, jobless claims, foot traffic, and the latest home sales numbers.

www.nar.realtor/research-and-statistics/research-reports/weekly-housing-market-monitor

______________________________________________________________________________________________________________

Market Hotness Index

Metro Hotness – Zip Code and County Hotness

www.realtor.com/research/reports/hottest-markets/

______________________________________________________________________________________________________________

HOUSING STATISTICS

Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.

www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311

______________________________________________________________________________________________________________

Economic Indicators

U.S. Census Bureau Economic Indicators

www.census.gov/economic-indicators/

______________________________________________________________________________________________________________

Local Market Reports

All real estate is local and every market is unique. To help REALTORS® and other housing market analysts get the most out of the plethora of data that is available, NAR Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation’s largest metropolitan housing markets. Each report evaluates a number of factors affecting home prices, including:

www.nar.realtor/research-and-statistics/research-reports/local-market-reports

______________________________________________________________________________________________________________

CoreLogic Home Price Insights

The most geographically comprehensive and current home price index.

www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl

______________________________________________________________________________________________________________

Bureau of Economic Analysis

U.S. Economy at a Glance

www.bea.gov/index.htm

______________________________________________________________________________________________________________

Mortgage Market Survey Archive

Compilation of Weekly Survey Data for 2015

www.freddiemac.com/pmms/archive.html

______________________________________________________________________________________________________________

Housing Economics

NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

www.nahb.org/en/research/housing-economics.aspx

______________________________________________________________________________________________________________

 

__________________________
____________________________________________________________________________________
Mortgage Activity Dips,
But Interest Rates Are Still At
Record Lows
Mortgage rates are still at all-time lows. According to the
latest data from Freddie Mac, the average interest rate on a
30-year mortgage is just 3.13%—holding steady from last week
and the lowest rate on record in at least 49 years.
______________________________________________________________________________________________________________
Mortgage rates keep falling to
record lows — so is now a good
time to refinance?
Homeowners stand to save money by refinancing,
but some factors may make getting a new loan less
worthwhile
______________________________________________________________________________________________________________
Homes Are Being Snatched Off
the Market at Their Fastest Pace
in More Than Two Years
In 29 of the 35 largest U.S. metros, homes are typically seeing
offers accepted faster than a year ago. Homes are selling the
fastest — in only five days — in Columbus. Cincinnati (six days),
Kansas City (six days), Seattle (seven days) and Indianapolis
(seven days) are just behind
______________________________________________________________________________________________________________
Summer’s 5 Hottest Decor Trends
Will Have You Staying at Home in
Style
OK, we’ll admit that summer 2020 has been a bit of a buzzkill so
far: Between derailed travel plans and being forced to spend more
time cooped up inside (for the fourth month in a row, and
counting), it’s not exactly the new decade we all dreamed of.
__________________________________________________________________________________________________________
Prep your home for the market
by staging it to sell
According to the National Association of Realtors, 83% of
buyers say staging helps them visualize a property as their future
home.
______________________________________________________________________________________________________________
What Recession? The Luxury
Housing Market Is Back and
Vacation Destinations Are Hot
Interest and prices in the luxury housing market rose sharply in
May, according to a recent realtor.com® report. (Realtor.com
defines luxury as the top 5% of the most expensive homes in a
given market.)
______________________________________________________________________________________________________________
Former Mariners Ace Felix
Hernandez Selling $7.8M
Seattle Mansion
Felix Hernandez has listed his stunning Clyde Hill, WA, mansion
for $7.8 million. The former Seattle Mariners ace became a free
agent after the 2019 season.
______________________________________________________________________________________________________________
Just Listed: $220 Million
Colorado Ranch Minutes from
Aspen Core
The ranch comes complete with eight custom homes totaling
34,397 square feet, resort-style amenities, outdoor recreation,
as well as full infrastructure with irrigation, water treatment
facility and vast water rights
______________________________________________________________________________________________________________
Amazing Architecture: The
Legendary Home Designs of
Paul McClean
After founding his own design firm in 2000, architect
Paul McClean quickly rose to prominence in the Southern
California real estate market, constructing luxury homes that
seamlessly blend sophistication, style and innovation
______________________________________________________________________________________________________________
The Democratization of
Distressed Property Buyers
Foreclosure buyers are now more likely to be individuals
purchasing a handful of homes each year rather than institutions
scooping up dozens of properties each month, and that broader
pool of buyers is ensuring a steady demand for distressed
properties, even in stormy markets
______________________________________________________________________________________________________________
Own historic property on
Seattle’s central waterfront?
You could get money for a fix-up
A city-funded program supports seismic retrofit planning and
facade improvements for historic waterfront properties. Grants
go up to $25,000.
______________________________________________________________________________________________________________
 
Luxury Home Market in the U.S.
is Boosting Recovery
Demand for big-ticket second homes is propping up the sector
______________________________________________________________________________________________________________
Existing-Home Sales Fall 9.7%
in May While NAR Expects
Strong Rebound in Coming
Months
Existing-home sales fell in May, marking a three-month decline
in sales as a result of the coronavirus outbreak, according to the
National Association of Realtors®.
______________________________________________________________________________________________________________
Seattle rises three spots,
cracks the top 10 in annual
global startup ecosystem
rankings
Seattle jumped three spots and moved into the top 10 of Startup
Genome’s annual global startup ecosystem rankings.
 
 
 
“Education is not the learning of facts,
but the training of the mind to think,”

Albert Einstein

 
__________________________
 
____________________________________________________________________________________
 
 
Economic Well-Being of U.S.
Households
The Federal Reserve Board recently released its Report on the
Economic Well-Being of U.S. Households. The report
provided results from the responses to the 2019 Survey of
Household Economics and Decision making (SHED), as
well as from responses to a follow-up survey conducted in
April 2020. Surveyed items included income, employment,
dealing with expenses, banking and credit, housing,
education, and retirement.
______________________________________________________________________________________________________________
Non-Weather Home Damage
Risk Heightened
Increasing household sizes and time spent at home instead
of work for so many means that pipes, valves, faucets, hoses,
and appliances in American homes are working overtime
and are wearing down faster than ever, according to a
report from CoreLogic.
______________________________________________________________________________________________________________
For the first time, Seattle could
institute its own capital gains
tax to pay for homeless housing
It’s the first capital gains tax to be proposed in Seattle in recent
history, according to John Burbank, executive director of the
Economic Opportunity Institute, who pushed for the City of
Seattle’s proposed “wealth tax.” That tax was ruled
unconstitutional last year by the state Court of Appeals, which
left open the option of a 1% tax on net income that Lewis is
hoping to take advantage of with this new tax.
__________________________________________________________________________________________________________
U.S. Home Value Growth Slows,
Prices May Fall in Second Half of 2020
The housing market has shown resilience during the coronavirus
pandemic, slowing as stay-at-home orders were given across the
country, but not screeching to a halt. Home values had been
staying the course, continuing to grow at roughly the same pace
as before the outbreak. But the May Zillow® Real Estate Market
Reporti may have revealed the first indication that home values
will fall in the second half of the year.
______________________________________________________________________________________________________________
How to boost your home’s curb
appeal to make a great first
impression
Curb appeal is about making your house look pretty, yes, but
it’s also about making it more functional and welcoming.
_____________________________________________________________________________________________________________
Portland area housing market:
Pending sales, new listings
surged in May, paving the way
for a June boom
The roller-coaster effect of national spending, Oregon’s
unemployment rate and conflicting economic forecasts
are reflected in Portland’s residential real estate market.
______________________________________________________________________________________________________________
‘Housing Construction Has
Turned A Corner’: Starts,
Permits Rise In Latest Data
New home construction had all but ground to a halt in
recent months, as the coronavirus pandemic swept the
nation, closing cities and businesses down with it.
______________________________________________________________________________________________________________
May 2020 Foot Traffic
Home showings in May 2020 were still below last year’s level,
but activity picked up compared to April, according to data
from SentriLock®, LLC, a lockbox company.
______________________________________________________________________________________________________________
AWS will open a cloud database
office in Microsoft’s hometown
Amazon Web Services Inc. is opening a cloud hub with
capacity for more than 600 employees in Redmond,
Washington, home to Microsoft Corp.’s global headquarters.
______________________________________________________________________________________________________________
Seattle metro sees 11th largest
drop in new residential
construction
The novel coronavirus pandemic forced a pause in new
residential construction in Washington and across the country.
______________________________________________________________________________________________________________
On the market: Portland area
homes for sale with a
decked-out gym
It’s hard to ignore a home gym. Even exercise avoiders jump
on a stationary bike if it’s right there. People with a little time
to spare duck into the space to stretch or pick up a weight.
And those serious about fitness take full advantage of the
convenience of having the equipment they prefer close at
hand.
______________________________________________________________________________________________________________
Housing Market Activity
Returns to Growth After
Memorial Day Blip
Housing market activity picked back up last week after a
hiccup during the week of Memorial Day, Zillow’s Weekly
Market Report shows. Newly pending sales returned to
growth after last week marked the first dip since mid-April.
And new listings are up 17% from the previous week,
but it appears to not be enough to keep up with buyer
demand as total inventory continues to fall.
______________________________________________________________________________________________________________
Frank Lloyd Wright home goes
up for sale in Wausau
The asking price is $425,000, and includes framed
blueprints and photos tied to Frank Lloyd Wright’s
involvement.
______________________________________________________________________________________________________________
This Historic Nantucket Home,
Built in 1694, Has a Link to
Herman Melville
A saltbox-style home on the highly coveted Main Street in the
resort town of Nantucket, MA, is on the market for $2,575,000.
It comes with a page-turning pedigree.
______________________________________________________________________________________________________________
Time to Get Into the Home
Market, as Summer is Looking
Like the New Spring Selling
Season
Agents report a surge of buyer interest and a promising
uptick in sales, especially for entry-level luxury in the
suburbs
______________________________________________________________________________________________________________
Purchasing and Refinance
Activity Thrive Amid Low
Rates
As the Mortgage Bankers Association’s 30-year fixed-rate
mortgage rate reached a new historic low of 3.3%, sliding
down by 8 basis points from the previous week, its
benchmark Market Composite Index increased by 8%
from the previous week, on a seasonally adjusted basis.
______________________________________________________________________________________________________________
 
______________________________________________________________________________________________________________
 
______________________________________________________________________________________________________________
 
Mortgage Market Survey Archive 
Compilation of Weekly Survey Data for 2020
______________________________________________________________________________________________________________
Market Hotness Index
Metro Hotness – Zip Code and County Hotness
___________________________________________________________________________________________________
 
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials), 
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
 
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
 
_________________________________________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
_____________________________________________________________________________________________________________o
Seattle Architectural Styles
      Through the Years 
Real Estate Changes by Decade
blog.seattlepi.com/seattlewaterfronthomes/2010/07/23/seattle-architectural-styles-through-the-years-real-estate-changes-by decade/                                                                                                                                               __________________________________________________________________________________________________________________________
Seattle Gives Green Light to Northgate 
Mall Redevelopment Plan with New 
NHL Seattle Facility
 
The NHL is coming to Seattle, and the group that will
bring a team to the Emerald City has announced that
it would make its home at the Northgate Mall, where
developer Simon Property Group is looking to
transform an ageing retail destination into one of the
region’s most vibrant new neighborhoods and
experience centers. This week, the project owners
also received approval at a second Early Design
Guidance meeting to advance the revised plans for
the redevelopment that now include an ice hockey
center, offices for NHL Seattle, the team ownership,
and a second hotel.
______________________________________________________________________________________________________________
 

“What I’m not confused about is the world needing much more love, no hate, no prejudice, no bigotry and more unity, peace and understanding. Period”.

~ Stevie Wonder

__________________________

____________________________________________________________________________________

______________________________________________________________________________________________________________

Bias Override: Overcoming Barriers to Fair Housing

The mind science experts at the Perception Institute(link is external) present an online workshop to help members avoid implicit bias(link is external) in their daily business interactions.

www.nar.realtor/videos/bias-override-overcoming-barriers-to-fair-housing

__________________________________________________________________________________________________________

Will the coronavirus economic meltdown reverse Seattle’s steady growth?

For any recent arrival to Seattle, the suggestion that the city’s population could actually decline must sound like science-fiction.

www.seattletimes.com/seattle-news/data/will-seattles-population-decline-post-coronavirus/

__________________________________________________________________________________________________________

Seattle area housing market proves ‘resilient’ amid coronavirus pandemic, but inventory remains low

The Seattle area housing market in May continued to show resiliency amid the novel coronavirus outbreak, with increases compared to the previous month in new listings and pending sales.

www.seattlepi.com/seattlenews/article/Seattle-area-housing-market-proves-resilient-15327618.php

______________________________________________________________________________________________________________

Seattle Experiences Steep Decline in Commercial Real Estate Sales

The latest research from the Commercial Brokers Association (CBA) shows commercial real estate investment activity in the Puget Sound region tumbled from nearly $5.6 billion in January through April 2019 to $1.99 billion for the same four-month period in 2020, which translates to a 64.4% decrease. Deal flow dropped from 661 deals in 2019 to 484 in 2020 during that January to April time period, a 26.8% decrease.

www.connect.media/seattle-experiences-steep-decline-in-commercial-real-estate-sales/

_____________________________________________________________________________________________________________

$726 Million in Rent at Risk as Gen Z Moves Back in with Parents During the Coronavirus Pandemic

2.7 million adults moved back into a parent’s home in March and April as unemployment soared

www.dailyrecordnews.com/news/state/726-million-in-rent-at-risk-as-gen-z-moves-back-in-with-parents-during/article_072ab0ff-45eb-55a8-bd27-3d5a54090147.html

______________________________________________________________________________________________________________

Google’s New Rules Clamp Down on Discriminatory Housing, Job Ads

Alphabet Inc’s Google said on Thursday it was tackling unlawful discrimination by barring housing, employment and credit ads from being targeted to its users based on their postal code, gender, age, parental status or marital status.

www.nytimes.com/reuters/2020/06/11/business/11reuters-alphabet-google-ads.html#:~:text=Google's%20New%20Rules%20Clamp%20Down%20on%20Discriminatory%20Housing%2C%20Job%20Ads&text=OAKLAND%2C%20Calif.,parental%20status%20or%20marital%20status.

______________________________________________________________________________________________________________

The Housing Market Is Rebounding, But What Happens After Stimulus Support Measures Fall Away?

There is an old saying in the real estate development business: when a novice makes a mistake, it’s because they missed the nuances of the market; when a pro makes a mistake, it’s because they missed the obvious.

www.forbes.com/sites/bradhunter/2020/06/10/a-residential-reboundbut-what-happens-after-the-supports-fall-away/#3a6aa3eb2cbd

______________________________________________________________________________________________________________

The Covid-free Italian town of Cinquefrondi is selling homes for €1

As Italy emerges from the pandemic, Cinquefrondi, in the country’s south, is practically giving away properties

www.thenational.ae/lifestyle/travel/the-covid-free-italian-town-of-cinquefrondi-is-selling-homes-for-1-1.1032092

______________________________________________________________________________________________________________

New York’s Luxury Real Estate Slump Could Stretch Into Fall

Sellers are holding back, and buyers are demanding discounts.

www.bloomberg.com/news/articles/2020-06-10/new-york-s-luxury-real-estate-slump-could-stretch-into-fall

______________________________________________________________________________________________________________

A Traditional Tuscan Estate Dating to the 13th Century Offers 30 Bedrooms

The turnkey 12-acre Italian property encompasses two villas, vineyards and olive groves

www.mansionglobal.com/articles/a-traditional-tuscan-estate-dating-to-the-13th-century-offers-30-bedrooms-139776

______________________________________________________________________________________________________________

Amid Pandemic, Expats Come Back Home

Being close to their families is the main driver some are considering the international moves, Knight Frank says

www.mansionglobal.com/articles/amid-pandemic-expats-come-back-home-216716

______________________________________________________________________________________________________________

Building Materials Prices Move Higher in May

Prices paid for goods used in residential construction increased 0.6% in May (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics.

eyeonhousing.org/2020/06/building-materials-prices-move-higher-in-may/

______________________________________________________________________________________________________________

Declines for Initial and Continuing Jobless Claims

Weekly initial jobless claims continued to decline in the week ending June 6 and continuing claims, which lags initial jobless claims by one week, declined to 20.9 million in the week ending May 30. The data indicate that workers are returning to work, albeit slowly, as coronavirus restrictions are gradually eased.

eyeonhousing.org/2020/06/declines-for-initial-and-continuing-jobless-claims/

______________________________________________________________________________________________________________

Neither U.S. Consumers Nor Epidemiologists Expect To Get Back To Normal Any Time Soon

An awful lot of time has been spent studying how the average consumer will react to the U.S. economy’s “grand reopening.” How do they feel about getting back out there? Are there activities they’ll miss? What will they avoid?

www.pymnts.com/economy/2020/neither-u-s-consumers-nor-epidemiologists-expect-to-get-back-to-normal-any-time-soon/

______________________________________________________________________________________________________________

Most rents in Seattle area stagnate — but drop for cheaper apartments and those in West Seattle

The coronavirus pandemic has caused most rents in the Seattle area to stagnate, though they’re falling for the least-expensive apartments, according to data from analytics firm RealPage. One neighborhood — West Seattle — is seeing especially sharp cuts, according to landlords and property managers, though not just from the pandemic.

www.seattletimes.com/business/real-estate/most-rents-in-seattle-area-stagnate-but-drop-for-cheaper-apartments-and-those-in-west-seattle/

______________________________________________________________________________________________________________

Former Mariners star Jay Buhner sells scenic estate outside Seattle

Baseball veteran Jay Buhner, who spent 14 seasons with the Mariners and was elected into the team’s Hall of Fame, has sold his woodsy home outside Seattle for $2.075 million.

www.latimes.com/business/real-estate/story/2020-06-09/former-mariners-star-jay-buhner-sells-estate-outside-seattle

______________________________________________________________________________________________________________

Accomodative Monetary Policy Will Continue for Years

The Federal Reserve held the federal funds rate at the current 0% to 0.25% range as it continues to deploy policy tools to underwrite an emerging recovery for the U.S. economy. And it will continue to provide such policy support until the crisis has passed and the economy has recovered.

eyeonhousing.org/2020/06/federal-reserve-accomodative-monetary-policy-will-continue-for-years/

______________________________________________________________________________________________________________

Toll Bros. puts Belltown condo high-rise on ice

Publicly traded Toll Brothers said last week in its second-quarter earnings call with analysts that it would suspend plans for a luxury condominium tower at 2302 Fourth Ave. in Belltown.

www.djc.com/news/re/12132635.html

______________________________________________________________________________________________________________

10 Oregon homes on big lots for sale with deep discounts

The coronavirus pandemic instantly shifted many homebuyers’ desires. Suddenly, there’s less interest in walking to downtown eateries and more willingness to live remotely with extended family and with space to nurture self-sufficienc

www.oregonlive.com/realestate/2020/06/on-the-market-10-oregon-homes-on-big-lots-for-sale-with-deep-discounts.html

______________________________________________________________________________________________________________

For Luxury Homeowners Short on Space, the Next Frontier Is the Backyard

n Amsterdam couple had a simple ambition: to enlarge their two-bedroom apartment with an addition to accommodate working from home and starting a family. Their architect, however, had more ambitious plans.

www.mansionglobal.com/articles/for-luxury-homeowners-short-on-space-the-next-frontier-is-the-backyard-140127

______________________________________________________________________________________________________________

In Seattle, a Modest Home Renovation Proves That Sometimes Less Is More

The Seattle couple bought the three-bedroom, three-bathroom house in the summer of 2015 for $2.2 million, then spent about $250,000 on the upgrades.

www.mansionglobal.com/articles/in-seattle-a-modest-home-renovation-proves-that-sometimes-less-is-more-140090

______________________________________________________________________________________________________________

In U.S., Home-Buying Activity Catching Up—and Sometimes Surpassing—Pre-Pandemic Levels

Median asking prices are higher than a year ago in 89 out of 100 metro areas, according to realtor.com

www.mansionglobal.com/articles/in-u-s-home-buying-activity-catching-up-and-sometimes-surpassing-pre-pandemic-levels-216754

______________________________________________________________________________________________________________

Top Tips for House Cleaning During a Pandemic

During a pandemic, keeping your home clean and sanitized is more important than ever. Here’s how to go about it.

www.realtor.com/videos/video-top-tips-for-house-cleaning-during-a-pandemic/ef37139d-c89f-4e47-9929-6887915ccf77

______________________________________________________________________________________________________________

How The Pandemic Is Changing Residential Buyers’ Preferences

Not long ago, we felt that the tremor of society’s heartbeat would remain forever slow. Yet businesses around the country have started to reopen, and humans have started their adaptation process into the new normal. Hope has begun to rise.

www.forbes.com/sites/forbesrealestatecouncil/2020/06/02/how-the-pandemic-is-changing-residential-buyers-preferences/#3d0c03e06d6b

______________________________________________________________________________________________________________

______________________________________________________________________________________________________________

______________________________________________________________________________________________________________

Weekly Housing Market Monitor

NAR Research compiles the latest housing market data in this weekly monitor, based on what REALTORS® are seeing in their market, mortgage data, jobless claims, foot traffic, and the latest home sales numbers.

www.nar.realtor/research-and-statistics/research-reports/weekly-housing-market-monitor

______________________________________________________________________________________________________________

Market Hotness Index

Metro Hotness – Zip Code and County Hotness

www.realtor.com/research/reports/hottest-markets/

______________________________________________________________________________________________________________

HOUSING STATISTICS

Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.

www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311

______________________________________________________________________________________________________________

Economic Indicators

U.S. Census Bureau Economic Indicators

www.census.gov/economic-indicators/

______________________________________________________________________________________________________________

Local Market Reports

All real estate is local and every market is unique. To help REALTORS® and other housing market analysts get the most out of the plethora of data that is available, NAR Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation’s largest metropolitan housing markets. Each report evaluates a number of factors affecting home prices, including:

www.nar.realtor/research-and-statistics/research-reports/local-market-reports

______________________________________________________________________________________________________________

CoreLogic Home Price Insights

The most geographically comprehensive and current home price index.

www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl

______________________________________________________________________________________________________________

Bureau of Economic Analysis

U.S. Economy at a Glance

www.bea.gov/index.htm

______________________________________________________________________________________________________________

Mortgage Market Survey Archive

Compilation of Weekly Survey Data for 2015

www.freddiemac.com/pmms/archive.html

______________________________________________________________________________________________________________

Housing Economics

NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

www.nahb.org/en/research/housing-economics.aspx

_______________________________________________________

 

 

 

“I realize I don’t know very much. None of us knows very much. But we can all learn more. Then we can teach one another. We can stop denying reality or hoping it will go away by magic.

– Octavia Butler

__________________________

____________________________________________________________________________________

______________________________________________________________________________________________________________

New home listings, pending sales up in Seattle month over month amid pandemic

In Seattle, newly pending sales are up 24% month over month, according to data from Zillow for the week ending on May 23. Compared to the previous week, newly pending sales are up about 6%, showing a steady increase week over week.

www.seattlepi.com/coronavirus/article/new-home-listings-pending-sales-up-seattle-covid-15303715.php

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Seattle Office Tenants Plan to Phase in Workers

Urban Renaissance Group’s survey of more than 500 commercial office and retail tenants indicates employees will not be rushing back into offices, but rather taking advantage of a more phased approach.

www.globest.com/2020/06/05/seattle-office-tenants-plan-to-phase-in-workers/

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Commercial Real Estate Shift Coming

Boston Fed President Eric Rosengren says commercial real estate is going to go through a major shift because of the pandemic, and there could be a shift to the suburbs in the residential market.

www.bloomberg.com/news/audio/2020-05-26/fed-s-rosengren-commercial-real-estate-shift-coming-podcast?sref=p6BhGudo

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Wait and hurry up: Real estate agents describe challenge of working in pandemic

Two months of limited activity is just one of several hurdles.

jewishchronicle.timesofisrael.com/wait-and-hurry-up-real-estate-agents-describe-challenge-of-working-in-pandemic/

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Coronavirus Causes Biggest Annual Rent Growth Slowdown in at Least Five Years

Momentum continues to build in the for-sale market with newly pending sales

www.dailyrecordnews.com/news/state/coronavirus-causes-biggest-annual-rent-growth-slowdown-in-at-least-five-years/article_658de4f9-591b-5765-92dc-48fe2146921e.html

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US unemployment drops unexpectedly to a still-high 13.3%

The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers

wgntv.com/news/unemployment-rate-falls-to-13-3-us-adds-2-5-million-jobs/

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May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus

Economists surveyed by Dow Jones had been expecting payrolls to drop by 8.33 million and the unemployment rate to rise to 19.5% from April’s 14.7%. If Wall Street expectations had been accurate, it would have been the worst figure since the Great Depression.

www.cnbc.com/2020/06/05/jobs-report-may-2020.html

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King County approved to move to Phase 1.5, open more businesses

Washington’s Secretary of Health on Friday approved King County’s application to move to a modified Phase 1, allowing the opening of more businesses amid the novel coronavirus outbreak.

www.seattlepi.com/coronavirus/article/king-county-approved-to-move-to-phase-1-5-open-15320026.php

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12 Seattle companies currently hiring more than 10,000 positions this June

We’ve sifted through some of Seattle’s top companies and whipped together a list of places that are hiring this June.

dailyhive.com/seattle/seattle-companies-hiring-jobs-june

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Airbnb owner to sell beloved Portland Victorian: ‘A beautiful space to spark imagination’

Across the country, people who went out on a limb to purchase a property with the idea that temporary renters could help pay the mortgage have been hurting since travel suddenly stopped in March with stay-at-home orders.

www.oregonlive.com/realestate/2020/06/airbnb-owner-to-sell-beloved-portland-victorian-a-beautiful-space-to-spark-imagination.html

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King County assessor wants Legislature to fix laws to help small businesses

Changes needed because of COVID-19 impact on commercial properties

www.seattleweekly.com/news/king-county-assessor-wants-legislature-to-fix-laws-to-help-small-businesses/

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One-of-a-kind Portland homes for sale: Modern to Mediterranean, floating house to a faux castle

It’s hard to sell an unusual custom home.

www.oregonlive.com/realestate/2020/05/one-of-a-kind-portland-homes-for-sale-modern-to-mediterranean-floating-house-to-a-faux-castle.html

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Big developer backs out of $25M South Lake Union land deal, blaming coronavirus downturn

Nine months ago, Onni paid owner H5 $1 million for an exclusive option to purchase the parcel, which is entitled for a 40-story apartment building, according to a breach-of-contract suit filed by H5 in federal court here Wednesday.

www.seattletimes.com/business/real-estate/big-developer-backs-out-of-25m-south-lake-union-land-deal-blaming-coronavirus-downturn/

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Seattle-based Airbnb rental startup Loftium misses its own rent payments, slashes staff as coronavirus undercuts business

Loftium, a startup that secured $15 million in venture capital last year, rents homes from owners and subleases a portion of the space to tenants — who then manage Airbnb listings in the rest of the home on the company’s behalf.

www.seattletimes.com/business/real-estate/seattle-based-airbnb-rental-startup-loftium-misses-its-own-rent-payments-slashes-staff-as-coronavirus-undercuts-business/

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Multifamily Construction Gaining Market Share in Low Density Markets

In the last analysis of NAHB’s Home Building Geography Index (HBGI), single-family construction was shown to be expanding faster in regions of lower population density. The COVID-19-induced public health crisis has added momentum to this trend.

eyeonhousing.org/2020/06/multifamily-construction-gaining-market-share-in-low-density-markets/

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Governor Inslee extends moratorium on evictions

On June 2, Governor Inslee extended the Moratorium on Evictions until August 1, 2020.  Under the extended moratorium, it is unlawful for a landlord to evict a tenant or deliver any notice of termination. However, a critical exception was included in the June 2 extension order. Effective immediately, a landlord may: “…  provide at least 60 days’ written notice of intent to (i) personally occupy the premises as a primary residence, or (ii) sell the property.” 

www.governor.wa.gov/sites/default/files/20-19.2%20Coronavirus%20Evictions%20%28tmp%29.pdf?utm_medium=email&utm_source=govdelivery

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After the Shutdown: Growing Your Business Through Referrals as States Reopen

While no one knows the date this economic situation will end, I predict the world will change and become a vibrant economy again. I believe in American and human ingenuity and in the entrepreneurial spirit that abides in so many Americans and business owners around the country.

rismedia.com/2020/06/04/after-shutdown-growing-business-through-referrals-states-reopen/?utm_source=newsletter&utm_medium=email&utm_campaign=eNews

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2020 Top Ten Most Favorable Areas for Millennials During the Pandemic

NAR Top 10 Most Favorable Areas for Millennial Homebuyers

www.nar.realtor/sites/default/files/documents/top-10-most-favorable-areas-for-millennials-during-the-pandemic-06-04-2020.pdf

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Most Vulnerable Housing Markets

The analysis of the American Community Survey (ACS) suggests that renters and young adults under the age of 34 are likely to face higher prolonged unemployment risks as a result of the coronavirus pandemic hitting the labor market. The labor market risks are also uneven across states, with state economies heavily reliant on leisure, entertainment, retail and personal services being most vulnerable.

eyeonhousing.org/2020/05/most-vulnerable-housing-markets/

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Pent-Up Demand Lifts May New Home Sales 21%, Survey Finds

Real-estate brokers say business has increased as stay-at-home restrictions ease and mortgage rates remain near record lows

www.mansionglobal.com/articles/pent-up-demand-lifts-may-new-home-sales-21-survey-finds-139915

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U.S. Home Prices Rise as Real Estate Market Continues Its Slow Recovery From Covid-19

Median prices hit a record high in May, according to realtor.com report

www.mansionglobal.com/articles/u-s-home-prices-rise-as-real-estate-market-continues-its-slow-recovery-from-covid-19-215382

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Below Deck’s Captain Sandy: What to Know About Buying a Yacht Home

Captain Sandy Yawn may be a rare breed in the yachting world. For starters, she’s one of only a few female superyacht captains in the world.

blog.coldwellbankerluxury.com/below-decks-captain-sandy-what-to-know-about-buying-a-yacht-home/

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Phases of reopening: Over half of Washington’s counties enter Phase 2

Though the state officially is in Phase 1 of the four-phase reopening plan from Washington’s stay-home order, more than half of the counties in the state have been allowed to proceed to Phase 2 and loosen social distancing restrictions even further.

www.king5.com/article/news/health/coronavirus/washington-state-counties-phase-1-and-phase-2-reopening-coronavirus-covid/281-e005d001-006c-4ce5-bac9-67adbd1b4755

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Weekly Housing Market Monitor

NAR Research compiles the latest housing market data in this weekly monitor, based on what REALTORS® are seeing in their market, mortgage data, jobless claims, foot traffic, and the latest home sales numbers.

www.nar.realtor/research-and-statistics/research-reports/weekly-housing-market-monitor

______________________________________________________________________________________________________________

Market Hotness Index

Metro Hotness – Zip Code and County Hotness

www.realtor.com/research/reports/hottest-markets/

______________________________________________________________________________________________________________

HOUSING STATISTICS

Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.

www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311

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Economic Indicators

U.S. Census Bureau Economic Indicators

www.census.gov/economic-indicators/

______________________________________________________________________________________________________________

Local Market Reports

All real estate is local and every market is unique. To help REALTORS® and other housing market analysts get the most out of the plethora of data that is available, NAR Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation’s largest metropolitan housing markets. Each report evaluates a number of factors affecting home prices, including:

www.nar.realtor/research-and-statistics/research-reports/local-market-reports

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CoreLogic Home Price Insights

The most geographically comprehensive and current home price index.

www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl

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Bureau of Economic Analysis

U.S. Economy at a Glance

www.bea.gov/index.htm

______________________________________________________________________________________________________________

Mortgage Market Survey Archive

Compilation of Weekly Survey Data for 2015

www.freddiemac.com/pmms/archive.html

______________________________________________________________________________________________________________

Housing Economics

NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

www.nahb.org/en/research/housing-economics.aspx

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“For all things are either contraries, or composed of contraries, and unity and plurality are the principles of all contrariety.”

 – Aristotle

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Real estate commissions: Who pays whom?

A closer look at transparency about compensation for agents on both sides of the transaction

www.washingtonpost.com/realestate/a-move-toward-clarity-on-real-estate-commissions-paid-by-buyers-and-sellers/2020/05/26/534248ea-5cd0-11ea-9055-5fa12981bbbf_story.html

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Seattle-area home price growth was second to only one other U.S. city early in pandemic

For the second month in a row, home prices around Puget Sound grew faster in March than in any other major American city save Phoenix, according to the latest release of the S&P CoreLogic Case-Shiller Home Price Index.

www.seattletimes.com/business/real-estate/seattle-area-home-price-growth-was-second-to-only-one-other-u-s-city-early-in-pandemic/

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Coronavirus Causes Biggest Annual Rent Growth Slowdown in at Least Five Years

Momentum continues to build in the for-sale market with newly pending sales

www.dailyrecordnews.com/news/state/coronavirus-causes-biggest-annual-rent-growth-slowdown-in-at-least-five-years/article_658de4f9-591b-5765-92dc-48fe2146921e.html

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Is the housing market already rebounding from COVID-19?

An update on the 5 indicators that will show when the market is back on track from the pandemic

www.housingwire.com/articles/is-the-housing-market-already-rebounding-from-covid-19/

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When is the best time to buy or sell a house in Seattle during the pandemic? We asked the experts

The novel coronavirus pandemic has added a lot of uncertainty to every part of life in the Seattle area, and the housing market is no exception.

www.seattlepi.com/coronavirus/article/best-time-to-buy-or-sell-a-house-during-pandemic-15287608.php

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The Summer of the “Homecation”

This Memorial Day weekend could mark the start of “homecation” season, as Americans reconsider their summer vacation plans and, instead, come up with creative ways to vacation at home.

www.union-bulletin.com/news/state/the-summer-of-the-homecation/article_3b1c4dd7-dda7-52bd-9117-498c24a766bd.html

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Portland real estate predictions: A summer spike in homes for sale, desire for a built-in hygiene station

The sinking economy and coronavirus pandemic aren’t predictable

www.oregonlive.com/realestate/2020/05/portland-real-estate-predictions-a-summer-spike-in-homes-for-sale-desire-for-a-built-in-hygiene-station.html

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Can Bigfoot help sell a $1 million house? One California broker says, ‘Made you look’

Coldwell Banker Realty agent Daniel Oster did all of the customary work to market a high-end property in California’s Santa Cruz Mountains.

www.oregonlive.com/realestate/2020/05/can-bigfoot-help-sell-a-1-million-house-one-california-broker-says-made-you-look.html?outputType=amp&amp_js_v=0.1&usqp=mq331AQFKAGwASA=

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S&P/Case-Shiller WA-Seattle Home Price Index

Observation: Mar 2020 Updated: May 26, 2020

fred.stlouisfed.org/series/SEXRNSA

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S&P/Case-Shiller OR-Portland Home Price Index

Observation: Mar 2020: Updated: May 26, 2020

fred.stlouisfed.org/series/POXRSA

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Today’s Interest Rate Environment – A Challenge For Investors And Their Fixed Income Allocation

The Role of Bonds in a Portfolio while Interest Rates are Low

www.forbes.com/sites/randywarren/2020/05/27/todays-interest-rate-environmenta-challenge-for-investors-and-their-fixed-income-allocation/#2d9f4e76caf9

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Monaco Remains the World’s Most Expensive Luxury Residential Market

The average price in the city-state is almost double that in New York

www.mansionglobal.com/articles/monaco-remains-the-worlds-most-expensive-luxury-residential-market-215208

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Virtual Reality’s Role in Global Real Estate Market Expands Due to Coronavirus

Social distancing amid the outbreak has caused a seismic shift in how buyers and brokers do business

www.mansionglobal.com/articles/virtual-realitys-role-in-global-real-estate-market-expands-due-to-coronavirus-213291?link=TD_mansionglobal_new_mansion_global.11147f181987fd93&utm_source=mansionglobal_new_mansion_global.11147f181987fd93&utm_campaign=circular&utm_medium=MANSIONGLOBAL

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Steps to Pivoting Your Business in 2020 During COVID-19

There is no doubt that 2020 has been a tumultuous year for the real estate industry. As an agent, you have had to pivot your business to keep it running smoothly. Last week, we had No. 1 Real Estate Educator Tom Ferry on our Secrets of Top Selling Agents webinar to share some steps for taking your 2020 plan and completely flipping it to keep your business running.

rismedia.com/2020/05/28/steps-pivoting-business-2020-during-covid/?utm_source=newsletter&utm_medium=email&utm_campaign=eNews

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Kleard Launches Self Tour Tech for Real Estate That Allows Buyers Nationwide to Tour Homes Without an Agent Present

Kleard, an award-winning real estate tech company, is excited to announce its new Patent Pending Self Tour Technology & App for Real Estate called Kleard Now that allows verified buyers the ability to self-tour homes for sale in the U.S. in a safer and more streamlined way.

www.union-bulletin.com/news/state/kleard-launches-self-tour-tech-for-real-estate-that-allows-buyers-nationwide-to-tour-homes/article_a72ff290-b28e-512c-abde-e46f01980d51.html

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Property taxes are due Monday

King County Executive Dow Constantine in March extended the due date from April 30 to June 1 for residential and commercial taxpayers who pay property taxes themselves, rather than through their mortgage lender. The move provided short-term relief for individual taxpayers.

www.djc.com/news/re/12132417.html

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Covid-19 is squeezing the US housing supply

Coronavirus has significantly constrained the construction of new homes, according to the most recent housing data from the US government, even while city dwellers rattled by the pandemic are increasingly interested in buying new houses in the suburbs.

qz.com/1858759/covid-19-is-squeezing-the-us-housing-supply/

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$350K penalty for pandemic evictions

The money includes nearly $300,000 for tenants in the form of refunds, payments and rent forgiveness.

www.djc.com/news/re/12132418.html?cgi=yes

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Portland Neighborhoods by the Numbers 2020: The Suburbs

The teeter-totter of Portland housing prices might not be level, but it’s a lot less steep.

www.seattlepi.com/news/article/Real-estate-agent-pleads-guilty-in-marijuana-farm-15279092.php

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Most Vulnerable Housing Markets

The analysis of the American Community Survey (ACS) suggests that renters and young adults under the age of 34 are likely to face higher prolonged unemployment risks as a result of the coronavirus pandemic hitting the labor market. The labor market risks are also uneven across states, with state economies heavily reliant on leisure, entertainment, retail and personal services being most vulnerable.

eyeonhousing.org/2020/05/most-vulnerable-housing-markets/

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Have Pending Home Sales Hit Bottom? Experts Expect Markets to Rebound Soon

April marked two consecutive months of declines for pending home sales, according to the National Association of REALTORS’® (NAR) Pending Home Sales Index (PHSI). Every major market saw a decline, with total YoY pending home sales transactions down 33.8 percent, and decreasing 21.8 percent from March.

rismedia.com/2020/05/28/have-pending-home-sales-hit-bottom-experts-expect-markets-to-rebound-soon/

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Continuing Jobless Claims Drop

The U.S. Department of Labor released the Unemployment Insurance Weekly Claims Report for the week ending May 23rd. Initial claims have declined for the eighth straight week after it hit a record peak of 6.9 million in the week ending March 28th. Continuing claims dropped by 3.86 million in the week ending May 16th, suggesting some unemployed workers are finding jobs or being rehired as states reopen.

eyeonhousing.org/2020/05/continuing-jobless-claims-drop/

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Five Homes You Can Buy for $35 Million

Thirty-five is the atomic number of the chemical element bromine. It’s also the minimum age for United States presidential candidates. When you see the number 35 frequently, it’s said to be an angel number that signifies you have divine forces looking after you

blog.coldwellbankerluxury.com/five-homes-you-can-buy-for-35-million/

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Phases of reopening: Over half of Washington’s counties enter Phase 2

Though the state officially is in Phase 1 of the four-phase reopening plan from Washington’s stay-home order, more than half of the counties in the state have been allowed to proceed to Phase 2 and loosen social distancing restrictions even further.

www.king5.com/article/news/health/coronavirus/washington-state-counties-phase-1-and-phase-2-reopening-coronavirus-covid/281-e005d001-006c-4ce5-bac9-67adbd1b4755

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Weekly Housing Market Monitor

NAR Research compiles the latest housing market data in this weekly monitor, based on what REALTORS® are seeing in their market, mortgage data, jobless claims, foot traffic, and the latest home sales numbers.

www.nar.realtor/research-and-statistics/research-reports/weekly-housing-market-monitor

______________________________________________________________________________________________________________

Market Hotness Index

Metro Hotness – Zip Code and County Hotness

www.realtor.com/research/reports/hottest-markets/

______________________________________________________________________________________________________________

HOUSING STATISTICS

Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.

www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311

______________________________________________________________________________________________________________

Economic Indicators

U.S. Census Bureau Economic Indicators

www.census.gov/economic-indicators/

______________________________________________________________________________________________________________

Local Market Reports

All real estate is local and every market is unique. To help REALTORS® and other housing market analysts get the most out of the plethora of data that is available, NAR Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation’s largest metropolitan housing markets. Each report evaluates a number of factors affecting home prices, including:

www.nar.realtor/research-and-statistics/research-reports/local-market-reports

______________________________________________________________________________________________________________

CoreLogic Home Price Insights

The most geographically comprehensive and current home price index.

www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl

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Bureau of Economic Analysis

U.S. Economy at a Glance

www.bea.gov/index.htm

______________________________________________________________________________________________________________

Mortgage Market Survey Archive

Compilation of Weekly Survey Data for 2015

www.freddiemac.com/pmms/archive.html

______________________________________________________________________________________________________________

Housing Economics

NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

www.nahb.org/en/research/housing-economics.aspx

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I knew that if I failed I wouldn’t regret that, but I knew the
one thing I might regret is not trying.”
–Jeff Bezos
______________________________________________________________________________________________________________
 
 
The housing market ‘bottom is
pretty much now
 
 
For housing, the future looks bright.
 
 
______________________________________________________________________________________________________________
 
New listings can’t keep up
with demand:
 
Just the Facts: Four Key Housing Market Takeaways for
This Week
 
 
______________________________________________________________________________________________________________
 
Minority Homeownership Rate
Jumps in First Quarter
 
Data released by the Census Bureau’s Housing Vacancies and
Homeownership survey (CPS/HVS) show that the minority
homeownership rate increased to 49.3 percent in the first
quarter of 2020, up 2.2 percentage points from the first quarter
of 2019
 
 
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Mortgage rates hit new record
low — how refinancing now
could save you more money
 
At the beginning of May, mortgage rates fell to a new all-time
low of 3.23 percent amid the coronavirus pandemic, according
to Freddie Mac, one of the largest buyers of mortgages in the
United States. That comes after rates hit a previous low of 3.29%
in March when concerns about the virus were starting to emerge.
 
 
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What do the Airbnb, Lyft, and
Uber layoffs mean for Seattle
engineering outposts?
 
Heavily-funded New York-based real estate brokerage Compass
laid off 15% of its staff, or about 375 employees
 
 
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Zillow Group CEO Rich Barton
on why he’s bullish about real
estate despite pandemic
 
“People still need to move — and dream of moving, perhaps
now more than ever.”
 
 
______________________________________________________________________________________________________________
 
Seattle-area mortgage
delinquencies rose three times
faster than U.S. average as
coronavirus crisis grew
 
The Federal Reserve is keeping a key interest rate at an
all-time low — which is helping to push mortgage rates to
new lows.
 
 
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Zillow’s housing market
projections: Home sales will fall
60%, prices will dip 2-3%
 
Using a baseline prediction that GDP will decrease 4.9% in the
U.S. this year, and go up 5.7% next year, Zillow estimates a
2-to-3% drop in prices through the end of 2020
 
 
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Apartments for rent in Portland:
What will $1,300 get you?
 
We’ve rounded up the latest places for rent via rental sites
Zumper and Apartment Guide to get a sense of what to expect
when it comes to scoring affordable apartments in Portland if
you’re on a budget of up to $1,300/month.
 
 
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Apartments for rent in Seattle:
What will $3,300 get you?
 
We’ve rounded up the latest places for rent via rental sites
Zumper and Apartment Guide to get a sense of what to expect
when it comes to scoring affordable apartments in Seattle if
you’ve got a budget of up to $3,300/month.
 
 
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Here’s Why the U.S. Real Estate
Market Will Collapse in Big
Cities First
 
The real estate market could crash in big cities like New York as
Americans move to the suburbs to distance…
 
 
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Despite pandemic, Seattle’s real
estate market isn’t slowing
down
 
It started out normally but then the state shut down to halt the
spread of COVID-19. Because of social distancing, there are no
more open houses. Instead, buyers are doing drive-bys,
virtual tours, and requesting private showings.
 
 
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On the market: Portland homes
that finally sold after a huge
price cut
 
Long before the coronavirus pandemic crushed the economy
and slowed real estate sales, some high-priced residential
properties were lingering on the market.
 
 
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BUYERS ARE RETURNING TO
THE MARKET. ARE YOUR
SELLERS READY?
 
However in recent weeks, we have seen initial positive signs
that buyers are returning to the market and in need of listings
to view.
 
 
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One Public School Child for
Every Three Homes
 
Public education accounts for almost 40% of local government
direct expenditures per housing unit, based on data from the
Census of Government
 
__________________________________________________
Market Hotness Index
Metro Hotness – Zip Code and County Hotness
___________________________________________________________________________________________________
 
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials), 
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
 
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
 
_________________________________________________________________________________________________________________________________________________________________ 
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
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Seattle Architectural Styles
      Through the Years 
Real Estate Changes by Decade

 

 

Housing market could be making a comeback after drop in March due to coronavirus pandemic

New listings and pending home sales dropped significantly in March due to the coronavirus pandemic, but new data shows the housing market may be back on the upswing.

www.king5.com/article/money/markets/real-estate/seattle-housing-market-rebound-after-coronavirus-pandemic/281-5f0edb3e-0e78-4a58-8f98-6bc3b791e348

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As recession fears mount, here’s why home prices may not plunge alongside the stock market

The last recession was largely fueled by the foreclosure crisis and the downturn in the housing market

www.marketwatch.com/story/are-you-waiting-for-house-prices-to-drop-during-the-next-recession-heres-why-you-could-have-a-very-a-long-wait-2020-02-07

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Why the Housing Market May Weather Coronavirus Impact Better Than the Great Recession

Let’s examine several differences between the pre-Great Recession housing market and the housing market at the cusp of the coronavirus outbreak.

blog.firstam.com/economics/why-the-housing-market-may-weather-coronavirus-impact-better-than-the-great-recession

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Home sales across Oregon and Southwest Washington rise during the coronavirus crisis: Check your area’s value

Despite widespread business losses and unemployment during the coronavirus pandemic, homes are still being listed for sale, toured, inspected, appraised and sold

www.oregonlive.com/realestate/2020/04/home-sales-across-oregon-and-southwest-washington-continue-during-the-coronavirus-crisis.html

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Weekly Housing Market Monitor

NAR Research compiles the latest housing market data in this weekly monitor, based on what REALTORS® are seeing in their market, mortgage data, jobless claims, foot traffic, and the latest home sales numbers.

www.nar.realtor/research-and-statistics/research-reports/weekly-housing-market-monitor

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How to List and Market a House During Coronavirus — And Close the Deal

Even in the midst of a pandemic, some people will still have to sell their houses — and it’s your job as their agent to help them do it.

www.homelight.com/blog/agent-listing-house-during-coronavirus/

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Stuck Indoors? We Bet You Haven’t Tried These 21 Activities Yet

When sheltering in place, there comes a point when your old methods of passing the time go stale. Yes, once you may have reveled in the prospect of more time to bake sourdough bread, do puzzles, and binge-watch all the shows in your Netflix queue.

www.realtor.com/advice/home-improvement/21-indoor-activities-quarantine/

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Our Chief Economist’s View on the Pandemic, Mortgage Rates, and What’s Ahead

Realtor.com Chief Economist Danielle Hale offers her perspective on what the coronavirus pandemic will mean for mortgage rates and the housing market.

www.realtor.com/videos/video-our-chief-economist-s-view-on-the-pandemic-mortgage-rates-and-what-s-ahead/13c20e78-e4ed-4d2a-9e8f-ed2b3e0f45b0

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Why Today’s Housing Market May Be a Recession Buster

In the third quarter of 2019, the United States reached its longest economic expansion in history, which caused some people to wonder whether we were overdue for a correction.

blog.firstam.com/economics/why-todays-housing-market-may-be-a-recession-buster?mod=article_inline

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Inslee extends statewide eviction moratorium, expands protections

Gov. Jay Inslee on Thursday extended his statewide eviction moratorium through June 4 as thousands of people remain unemployed during the novel coronavirus outbreak.

www.seattlepi.com/coronavirus/article/inslee-extends-wash-eviction-moratorium-covid-19-15207864.php

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Home supply dips amid pandemic but demand still high

Everything has certainly changed all around us and it’s no different for the real estate market.

q13fox.com/2020/04/10/home-supply-dips-amid-pandemic-but-demand-still-high/?fbclid=IwAR3aJgNoBSv4hHbCiOBTdOjFRYJjPc_GcndNfPv-Sk_qZF1Fnhb1SxbgjXQ

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Is COVID-19 Costing You Cash at Home? 7 Hidden Expenses of Self-Isolating During the Pandemic

Those who are fortunate enough to still be collecting a paycheck while quarantined or sheltering in place might expect to build up some serious savings.

www.realtor.com/advice/finance/hidden-costs-of-self-isolating-at-home-during-coronavirus/

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The Coronavirus, Real Estate, and You: Everything You Need To Know Now

As the coronavirus epidemic roils American society, it is totally upending the world of real estate. The realtor.com editorial team is tirelessly covering the impact of the pandemic on trends in the housing market, where mortgage rates are heading, and the outlook for home buyers and sellers.

www.realtor.com/news/trends/the-coronavirus-real-estate-and-you-what-you-need-to-know/

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Builders Were Scrambling To Fill a Severe Housing Shortage—and Then the Coronavirus Hit. What Now?

Before most Americans had even heard of the new coronavirus or COVID-19, the nation was suffering from a severe housing shortage. Builders couldn’t put homes up fast enough to satisfy the hordes of eager buyers and renters

www.realtor.com/news/trends/coronavirus-builders-new-construction/

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Bill and Melinda Gates Purchase $43M Luxury Beach House in Del Mar, CA

The billionaire philanthropists Bill and Melinda Gates have purchased an exquisite beach house outside San Diego—splashing out on $43 million for an oceanfront mansion in the coastal town of Del Mar, CA.

www.realtor.com/news/celebrity-real-estate/bill-and-melinda-gates-purchase-beach-house-in-del-mar/

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These Chains Are Permanently Closing the Most Stores in 2020

Here are the major retailers that are permanently closing the most stores in 2020, starting with the biggest announcements.

moneywise.com/a/chains-closing-the-most-stores-in-2020

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US home sales plunge 8.5% in March, and it may grow worse

U.S. sales of existing homes cratered 8.5% in March with real estate activity stalled by the coronavirus outbreak.

www.seattletimes.com/business/us-home-sales-plummeted-8-5-in-march/

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Seattle’s home buying activity heats up despite the coronavirus pandemic
Despite its reputation as ground zero for the coronavirus pandemic in the U.S., Seattle is yet to see a slowdown in home buying activity, even though most of the city is subject to stay-at-home orders.

realtybiznews.com/seattles-home-buying-activity-heats-up-despite-the-coronavirus-pandemic/98758426/

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Shopping for a home goes virtual

Video home tours, virtual open houses help residential real estate market during pandemic

pamplinmedia.com/but/239-news/463503-376101-shopping-for-a-home-goes-virtual

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These markets could see the sharpest drop in home prices during coronavirus pandemic

In the first two weeks of March, new listings were up 5% annually on average. By the second week of April, they were down 47%, according to realtor.com.

www.cnbc.com/2020/04/20/these-markets-could-see-the-sharpest-drop-in-home-prices-during-coronavirus-pandemic.html

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OP-ED: COVID-19 impacts on the Portland real estate market

It is too early to forecast the COVID-19 pandemic’s duration and its long-term impacts on our local real estate market.

djcoregon.com/news/2020/04/17/op-ed-covid-19-impacts-portland-real-estate-market/

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Weekly mortgage demand stalls, even with interest rates at a record low

Mortgage volume appears to be settling into a new normal, as refinance demand stays high and purchase demand sits at a five-year low. By Paige Brown

www.cnbc.com/2020/04/22/weekly-mortgage-demand-stalls-even-with-interest-rates-at-a-record-low.html

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______________________________________________________________________________________________________________

Weekly Housing Market Monitor

NAR Research compiles the latest housing market data in this weekly monitor, based on what REALTORS® are seeing in their market, mortgage data, jobless claims, foot traffic, and the latest home sales numbers.

www.nar.realtor/research-and-statistics/research-reports/weekly-housing-market-monitor

______________________________________________________________________________________________________________

Market Hotness Index

Metro Hotness – Zip Code and County Hotness

www.realtor.com/research/reports/hottest-markets/

______________________________________________________________________________________________________________

HOUSING STATISTICS

Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.

www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311

______________________________________________________________________________________________________________

Economic Indicators

U.S. Census Bureau Economic Indicators

www.census.gov/economic-indicators/

______________________________________________________________________________________________________________

CoreLogic Home Price Insights

The most geographically comprehensive and current home price index.

www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl

______________________________________________________________________________________________________________

Bureau of Economic Analysis

U.S. Economy at a Glance

www.bea.gov/index.htm

______________________________________________________________________________________________________________

Mortgage Market Survey Archive

Compilation of Weekly Survey Data for 2015

www.freddiemac.com/pmms/archive.html

______________________________________________________________________________________________________________

Housing Economics

NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

www.nahb.org/en/research/housing-economics.aspx

 

 

 

 

 

“Never underestimate the power of dreams and the influence of the human spirit. We are all the same in this notion: The potential for greatness lives within each of us.”

– Wilma Rudolph

__________________________

 

Despite Pandemic, U.S. Home Prices Could Very Well Hold Steady in 2020

Sales are likely to decline precipitously, but the housing market faces far fewer challenges than in the last economic downturn

www.mansionglobal.com/articles/despite-pandemic-u-s-home-prices-could-very-well-hold-steady-in-2020-214084

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Weekly mortgage applications increase as interest rates plummet to historic low

Mortgage rates last week dropped to the lowest level ever in the Mortgage Bankers Association’s weekly survey, causing a surge in applications to refinance a home.

finance.yahoo.com/news/weekly-mortgage-applications-increase-interest-111256485.html

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Coronavirus changes to real estate: How to navigate the industry as a buyer or seller

Coronavirus has turned the real estate world on its head with a myriad of new challenges for buyers and sellers. This is how you can get ahead of the game.

www.news.com.au/finance/real-estate/coronavirus-changes-to-real-estate-how-to-navigate-the-industry-as-a-buyer-or-seller/news-story/9c173d7192b2c7faa5a35f106314c711

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Seattle Retail Will Come Back Slowly, With Social Distancing In Place

Seattle’s office and residential real estate sectors are holding up, but its restaurants and retail are another story.

www.bisnow.com/seattle/news/retail/retail-will-come-back-slowly-with-social-distancing-in-place-103970

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How Do You Sell a Home Safely During the COVID-19 Crisis? Here Are the Steps To Take

Selling a home can be a headache. It often takes longer and costs more than you think, and it can be an emotional drain. That’s in normal times. Selling a home during a pandemic will add a slew of new safety concerns to the mix.

www.realtor.com/advice/sell/is-it-safe-to-sell-your-home-during-the-coronavirus-pandemic/

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6 APPS TO HELP YOU TAKE BETTER LISTING PHOTOS

The onset of COVID-19 has thrust the world into uncertain times. With safety in mind and everyone staying at home to flatten the curve, it’s more important than ever for agents to bolster their online presence and keep their business running.

blog.homesnap.com/6-apps-to-help-you-take-better-listing-photos/?utm_source=homesnap&utm_medium=desktop

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Coronavirus is crushing US homebuilding

Despite the sharp month-over-month drop, housing starts were still up from a year ago.

www.cnn.com/2020/04/16/economy/housing-starts-march-coronavirus/index.html

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Pandemic takes toll on Portland residential real estate market

Pending home sales fell in the Portland-metro area in March as the coronavirus pandemic took hold, according to data from real estate listing service RMLS.

djcoregon.com/news/2020/04/16/pandemic-takes-toll-residential-real-estate-market/

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West Seattle Bridge could be closed through end of 2021

The West Seattle Bridge is slated to remain closed for the rest of 2020 and could be off limits to traffic through all of 2021 as well, city officials said Wednesday.

komonews.com/news/local/west-seattle-bridge-could-be-closed-through-end-of-2021

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Coronavirus has cost more than 100,000 people around Seattle their jobs. So why aren’t rents going down?

Rents on new listings in Seattle rose 0.5% in March over February, and about the same amount year-over-year, according to research from online rental platform Apartment List.

www.seattletimes.com/business/real-estate/coronavirus-has-cost-more-than-100000-people-around-seattle-their-jobs-so-why-arent-rents-going-down/

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During Stay At Home Order, Seattle Real Estate Is Moving Fast

Just a quick update on Seattle real estate activity. Homes are selling and they are selling fast. 56% of all sales that went pending this last week have sold in less than 7 days. 23 of those sales sold in less than 3 days. The real estate market in Seattle is clearly looking past Covid-19

blog.seattlepi.com/urbancondospaces/2020/04/14/during-stay-at-home-order-seattle-real-estate-is-moving-fast/

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Here’s why mortgage rates are all over the place – and how to find a good one

In just the past four weeks, the average rate on the 30-year fixed has lifted above 4%, plunged to 3.25% and then rocketed back up and back again multiple times. In normal times, interest rates don’t do that.

www.cnbc.com/2020/04/14/coronavirus-how-to-find-good-mortgage-rates-during-volatility.html

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How to take advantage of low interest rates and save money on 4 different kinds of debt

When the Federal Reserve cut its benchmark interest rate to zero last month, it was taking a preemptive step toward mitigating the effects of the coronavirus outbreak on the economy.

grow.acorns.com/how-to-refinance-debt-take-advantage-low-interest-rates/

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Customers Having Trouble With Airbnb, Vrbo Refunds

The COVID-19 crisis has thrown the industry into chaos, as companies work to issue refunds back to travelers

www.nbcdfw.com/news/coronavirus/customers-having-trouble-with-airbnb-vrbo-refunds/2352397/

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Despite Stay-at-Home Order, Seattle’s Real-Estate Market Continues to Show Up

Home buyers looking for a deal amid the coronavirus pandemic might be hard-pressed to find one. (Subscription required)

www.wsj.com/articles/despite-stay-at-home-order-seattles-real-estate-market-continues-to-show-up-11586800867

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Recent data details which U.S. housing markets are most vulnerable to COVID-19 impact

In a recent report that examines county-level housing markets and their vulnerability to the impact of the coronavirus pandemic, Attom Data Solutions found that 24 of the 50 most at-risk markets are in New Jersey and Florida.

www.mpamag.com/news/recent-data-details-which-u-s–housing-markets-are-most-vulnerable-to-covid19-impact-219801.aspx

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Home Prices Remain Resilient in Spain Despite Covid-19

Online viewings of prime properties saw an uptick in mid-March, Knight Frank says

www.mansionglobal.com/articles/home-prices-remain-resilient-in-spain-despite-covid-19-214036

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Optimize Your Home Internet With High-End Wi-Fi Routers

From home office to home entertainment, it all starts with staying connected

www.mansionglobal.com/articles/optimize-your-home-internet-with-high-end-wi-fi-routers-213976

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The mortgage industry is facing a crisis because of the coronavirus — and borrowers could fall through the cracks

‘There’s just no way anybody could have enough capital set aside to handle the kind of payments that servicers could have to make’

www.marketwatch.com/story/the-mortgage-industry-is-facing-a-crisis-because-of-the-coronavirus-and-borrowers-could-fall-through-the-cracks-2020-04-11?mod=home-page

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Will COVID-19 burst Canada’s real estate bubble? Odds are low, for now, says RE/MAX

Is the Canadian real estate market headed for a crash because of COVID-19?

www.straight.com/news/will-covid-19-burst-canadas-real-estate-bubble-odds-are-low-for-now-says-remax

______________________________________________________________________________________________________________

Daily Dispatch: The Diva Mamas offer tips for COVID-19

In this Daily Dispatch, Brad is joined by Kim Colaprete and Chavi Hohm, partners at Team Diva Real Estate, Coldwell Banker, Seattle, Washington.

www.inman.com/2020/04/13/daily-dispatch-brad-inman-diva-mamas/

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Sellers in Remote Areas of U.S. Should Consider Keeping Their Listings on the Market

Vacation-home buyers show increased interest in investing in rural areas amid the Covid-19 pandemic

www.mansionglobal.com/articles/sellers-in-remote-areas-of-u-s-should-consider-keeping-their-listings-on-the-market-214116

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Content Ideas to Share on Social Media to Help Clients Through the Crisis

 

Content Ideas to Share on Social Media to Help Clients Through the Crisis

By Paige Brown

rismedia.com/2020/04/07/content-ideas-social-media/?utm_source=newsletter&utm_medium=email

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Market Hotness Index

Metro Hotness – Zip Code and County Hotness

www.realtor.com/research/reports/hottest-markets/

______________________________________________________________________________________________________________

HOUSING STATISTICS

Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.

www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311

______________________________________________________________________________________________________________

Economic Indicators

U.S. Census Bureau Economic Indicators

www.census.gov/economic-indicators/

______________________________________________________________________________________________________________

CoreLogic Home Price Insights

The most geographically comprehensive and current home price index.

www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl

______________________________________________________________________________________________________________

Bureau of Economic Analysis

U.S. Economy at a Glance

www.bea.gov/index.htm

______________________________________________________________________________________________________________

U.S. Housing Market Tracker

The U.S. housing market has struggled to find equilibrium after the bubble of the past decade. Here’s a look at where various gauges of supply and demand stand today.

graphics.wsj.com/us-housing-market/

______________________________________________________________________________________________________________

Mortgage Market Survey Archive

Compilation of Weekly Survey Data for 2015

www.freddiemac.com/pmms/archive.html

______________________________________________________________________________________________________________

Housing Economics

NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

www.nahb.org/en/research/housing-economics.aspx

______________________________________________________________________________________________________________

 “This Weeks Links” is curated by John Deely

“The best way to get the right answer on the Internet is not to ask a question; it’s to post the wrong answer.” Cunningham’s Law

― Ward Cunningham

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Six Tips for Productivity When Working from Home

Useful tips to help create effective habits and achieve greater productivity while working from home.

blog.coldwellbanker.com/six-tips-for-productivity-when-working-from-home/

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An agents guide to marketing during a pandemic

Tips on how to be sensitive, focus on you neighborhood and more

www.housingwire.com/articles/an-agents-guide-to-marketing-during-a-pandemic/

______________________________________________________________________________________________________________

NAR WINS MAJOR PROVISIONS FOR REALTORS®

“We worked with the drafters of this legislation to ensure that independent contractors and those living on a commission-based income will be eligible for the loans as well as the forgiveness provision,”

www.warealtor.org/resources/member-resources/news-articles/sub-news-article/2020/03/26/nar-wins-major-provisions-for-realtors

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Why the housing market might dodge the recession

We worked with the drafters of this legislation to ensure that independent contractors and those living on a commission-based income will be eligible for the loans as well as the forgiveness provision,”

www.warealtor.org/resources/member-resources/news-articles/sub-news-article/2020/03/26/nar-wins-major-provisions-for-realtors

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ShowingTime Showing Index®

February 2020 The latest ShowingTime Showing Index® recorded nationwide growth for the seventh consecutive month, ahead of uncertainty of the COVID-19 pandemic’s impact on showings.

www.showingtime.com/showingtime-showing-index/

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NAR Flash Survey: Economic Pulse

On March 16-17 2020, NAR conducted a flash survey of members on the impact of the coronavirus on their market. The survey was delivered to a random sample of 72,734 members. For 96% of respondents, the majority of their business is residential. For 2% of respondents, the majority of their business is commercial.

www.nar.realtor/research-and-statistics/research-reports/nar-flash-survey-economic-pulse

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The Top Four Ways Millennials Are Changing the Housing Market

Millennials are now the fastest growing segment of home buyers. The latest U.S. Census Bureau Housing Vacancies and Homeownership report revealed that the homeownership rate for 25 to 34-year-olds has increased from 36.5% in Q4-2018 to 37.6% in Q4-2019

www.corelogic.com/blog/2020/3/the-top-four-ways-millennials-are-changing-the-housing-market.aspx

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Hill TV Interview: The Hidden Costs of Home Building

While Fannie Mae forecast single-family housing starts to rise to 975,000 in 2020, the highest level since 2007 and a 10% gain over 2019, the hidden costs of home building could threaten this growth.

www.corelogic.com/blog/2020/3/hill-tv-interview-the-hidden-costs-of-home-building.aspx

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Study: 78% Of Salespeople Using Social Media Outsell Their Peers

When Jim Keenan, the social sales specialist, describes his work today, he’ll tell you that he’s “ushering salespeople from the old world into the social world”

www.forbes.com/sites/markfidelman/2013/05/19/study-78-of-salespeople-using-social-media-outsell-their-peers/#4add3b73a39e

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The Middle Class Faces Its Greatest Threat Since the 1930s

As people stop traveling, going to restaurants, and shopping, and as businesses see their sales plummet, the economy will almost surely take a deep dive.

www.barrons.com/articles/the-middle-class-faces-its-greatest-threat-since-the-1930s-51584717673?link=TD_mansionglobal_new_mansion_global.11147f181987fd93&utm_source=mansionglobal_new_mansion_global.11147f181987fd93&utm_campaign=circular&utm_medium=BARRONS

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Don’t blame housing — this time the home market hopes to escape the worst of the economic downturn

“The housing sector enters this recession underbuilt rather than overbuilt,” he said. “That means as the economy rebounds — which it will at some stage — housing is set to help lead the way out.

www.dallasnews.com/business/real-estate/2020/03/24/dont-blame-housing-this-time-the-home-market-hopes-to-escape-the-worst-of-the-economic-downturn/

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Real estate companies feel impact of COVID-19 on the housing market

On a normal Sunday, it’s prime time for realtors to show houses, but because of COVID-19 those business routines are changing.

www.fox10phoenix.com/video/666466

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Don’t Let Frightening Headlines Scare You

Finding reliable resources with information on the economic impact of the virus is more difficult. For this reason, it’s important to shed some light on the situation. There are already alarmist headlines starting to appear. Here are two such examples surfacing this week.

www.keepingcurrentmatters.com/2020/03/26/dont-let-frightening-headlines-scare-you/

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Home Theater Renaissance

With movie theaters closing across the country due to social distancing, here are a few Hollywood worthy home theaters from Coldwell Banker listings.

blog.coldwellbanker.com/home-theater-renaissance/

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How to Engage in Virtual Open Houses

Virtual tours and virtual open houses on social media are quickly becoming a popular option for buyers in place of the traditional open house – and offer an incredible opportunity that benefits the consumer.

blog.coldwellbanker.com/how-to-engage-in-virtual-open-houses/

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7 Easy DIY Kitchen Projects You Can Tackle While You’re Self-Isolating

There’s nothing like spending an extended period of time at home to realize how badly your place needs a makeover.

www.realtor.com/advice/home-improvement/easy-kitchen-projects-to-tackle-while-self-isolating/

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The Coronavirus, Real Estate, and You: Everything You Need To Know

The realtor.com editorial team is tirelessly covering the impact of the pandemic on trends in the housing market, where mortgage rates are heading, and the outlook for home buyers and sellers.

www.realtor.com/news/trends/the-coronavirus-real-estate-and-you-what-you-need-to-know/

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Compass cuts 15% of staff, estimates 50% revenue decline over 6 months — here’s the email to staff

Heavily-funded New York-based real estate brokerage and tech startup Compass today laid off 15% of its staff, or about 375 employees, due to economic impact from the COVID-19 outbreak.

www.geekwire.com/2020/compass-cuts-15-staff-estimates-50-revenue-decline-6-months-heres-email-staff/

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Virtual Open Houses

We have created a new resource page in DeltaNet dedicated to the art of hosting a virtual open house

online.coldwellbankerbain.com/?body_content=resources/Control.php&lm_area=52&sub_area=5&page=000000948

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Coronavirus Recession? What It Would Mean For Real Estate

There might have been some question whether the coronavirus would lead the U.S. into a recession, but the hoarding of toilet paper makes me think it’s certain.

www.forbes.com/sites/ingowinzer/2020/03/24/coronavirus-recession-what-it-would-mean-for-real-estate/#463541832ad2

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Mortgage applications fall significantly as coronavirus continues to hit housing market

After reaching a near 11-year high just a few weeks ago, mortgage applications declined for the second consecutive week as the coronavirus that causes COVID-19 continues to create instability in the housing market.

www.housingwire.com/articles/mortgage-applications-fall-significantly-as-coronavirus-continues-to-hit-housing-market/

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Homebuyer Interest Plummets Amid Rising Mortgage Rates And Coronavirus Concerns

It was just a few weeks ago that mortgage rates reached 50-year lows. Today, rates are up, homebuyer interest is down, and the Federal Reserve is stepping in to prop things up.

www.forbes.com/sites/alyyale/2020/03/25/homebuyer-interest-plummets-amidst-rising-mortgage-rates-covid-19-concerns/#526a1291c473

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Here’s what Washington’s new ‘stay-at-home’ order means for you

Details about child care, family visits, construction and more. Updated with answers to reader questions.

crosscut.com/2020/03/heres-what-washingtons-new-stay-home-order-means-you

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Regional real estate group acts to halt open houses to fight spread of coronavirus

The stock market plunge and coronavirus pandemic have not slowed home sales activity from February’s white-hot market, brokers say, potentially posing an obstacle to officially mandated social distancing measures.

www.seattletimes.com/business/real-estate/regional-real-estate-group-moves-to-cancel-open-houses-to-fight-spread-of-coronavirus/

______________________________________________________________________________________________________________

Market Hotness Index

Metro Hotness – Zip Code and County Hotness

www.realtor.com/research/reports/hottest-markets/

______________________________________________________________________________________________________________

HOUSING STATISTICS

Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.

www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311

______________________________________________________________________________________________________________

Economic Indicators

U.S. Census Bureau Economic Indicators

www.census.gov/economic-indicators/

______________________________________________________________________________________________________________

CoreLogic Home Price Insights

The most geographically comprehensive and current home price index.

www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl

______________________________________________________________________________________________________________

Bureau of Economic Analysis

U.S. Economy at a Glance

www.bea.gov/index.htm

______________________________________________________________________________________________________________

U.S. Housing Market Tracker

The U.S. housing market has struggled to find equilibrium after the bubble of the past decade. Here’s a look at where various gauges of supply and demand stand today.

graphics.wsj.com/us-housing-market/

______________________________________________________________________________________________________________

Mortgage Market Survey Archive

Compilation of Weekly Survey Data for 2015

www.freddiemac.com/pmms/archive.html

______________________________________________________________________________________________________________

Housing Economics

NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

www.nahb.org/en/research/housing-economics.aspx

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“Have clean hands in whatever you do. Integrity is doing the right thing when people are watching you and still making it right when they keep their eyes off.”

― Israelmore Ayivor

__________________________

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Cocktail chattables: With ultra-low interest rates, buying a home has become substantially more affordable — for all

Despite the average home price increasing $13,000 from a year ago, the mortgage payment required to buy that same home dropped 10% over that same span due to falling interest rates.

www.denverpost.com/2020/03/12/real-estate-voices-cocktail-chattables-with-ultra-low-interest-rates-buying-a-home-has-become-substantially-more-affordable-for-all/

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Homebuyers Have Significantly More Purchasing Power in 2020, But Must Contend with Low Inventory and Coronavirus Concerns

Statisticians in their work can account for many factors, but there’s no equation to represent the fleeting nature of joy

www.nbcrightnow.com/news/state/redfin-homebuyers-have-significantly-more-purchasing-power-in-but-must/article_bc898371-cecd-578b-97c9-491f02fef4c0.html

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Home Selling in the Age of Coronavirus: It’s a Whole Different World

In the not so distant past, Seattle open houses were packed with home buyers eagerly poking their heads in closets, perusing spec sheets, munching on snacks, and offering bids above asking price in this ultracompetitive market.

www.realtor.com/news/real-estate-news/home-selling-in-the-age-of-coronavirus-its-a-whole-different-world/

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Coronavirus Fears Are Driving Down the Stock Market. How About the Housing Market?

Everyone, it seems, is finally coming to grips with the threat posed by the rapidly spreading coronavirus. And would-be home buyers and home sellers? Well, they’re buckling in for a bumpy ride with plenty of blind corners.

www.realtor.com/news/trends/how-falling-stock-market-and-coronavirus-fears-could-affect-housing-market/

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How to Coronavirus-Proof Your Home—and Your Life

If you’re jittery and want some extra assurance that you’re doing all you can to stay safe, here are several things you can do to protect your home in case of the coronavirus

www.realtor.com/advice/home-improvement/how-to-coronavirus-proof-your-home-and-your-life/

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Real estate: coronavirus, mortgage rates and inventory

As the virus has spread across the world the Federal Reserve has issued a surprise interest rate cut.

www.kirklandreporter.com/business/real-estate-coronavirus-mortgage-rates-and-inventory/

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COVID-19 is a wild card in the important real estate market

This is typically the time of year when the real estate market really heats up. A big question this year, is will the coronavirus outbreak make a difference?

komonews.com/news/consumer/covid19-is-a-wild-card-in-the-important-estate-marketUVGSW1Ja0RhYzd0VTJmU0NZQ1FNQ0FIRHlLVkNtcVBTRkU3akl6NEVHd2prT3hzT2NPXC9BYjZwYzQ1NFc3SHNQemxDUHFlMVcifQ==

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This interactive map from Johns Hopkins University shows the effects of coronavirus in real time

Since Jan. 22, the dashboard has shown the location and number of confirmed cases as they are reported, along with casualties and recoveries.

qz.com/1814380/interactive-map-from-johns-hopkins-shows-coronavirus-in-real-time/

“interactive web-based dashboard” coronavirus.jhu.edu/map.html

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Energy Prices Fall in February

The Consumer Price Index (CPI), released by the Bureau of Labor Statistics (BLS), rose by 0.1% in February on a seasonally adjusted basis, the same increase as in January.

eyeonhousing.org/2020/03/energy-prices-fall-in-february/

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Top 5 Seattle Submarkets for Development by Number of Units

Seattle’s top five submarkets by development volume accounted for nearly half of the metro’s pipeline, which was in excess of 22,000 units in March.

www.multihousingnews.com/post/top-5-seattle-submarkets-for-development-by-number-of-units/

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How Portland’s Skyline Changed Over the Past Decade

What triggered and sustained the metro’s progress over the past 10 years? Cushman & Wakefield’s Samuel Hatcher and Jim Lewis provide a few key explanations.

www.multihousingnews.com/post/how-portlands-skyline-changed-over-the-past-decade/

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Colliers Breaks Down COVID-19’s Impact on Puget Sound CRE

COVID-19 has hit the Puget Sound harder than any other metro in the United States, and the number of cases continues to grow in the Pacific Northwest’s other large metro area, Portland. New research by Colliers International predicts long-term impacts on commercial real estate will likely include increased janitorial expenses, as landlords realize the importance of proactive hygiene.

www.connect.media/colliers-breaks-down-covid-19s-impact-on-puget-sound-cre/

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Seattle’s Best Neighborhoods in 2020

Find yourself a place to call home

www.seattlemag.com/best-neighborhoods/seattles-best-neighborhoods-2020

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Seattle’s Best Neighborhoods: Lower Queen Anne

The sky’s the limit for career-driven Seattleites who land here

www.seattlemag.com/best-neighborhoods/seattles-best-neighborhoods-lower-queen-anne

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Cocktail chattables: With ultra-low interest rates, buying a home has become substantially more affordable — for all

Despite the average home price increasing $13,000 from a year ago, the mortgage payment required to buy that same home dropped 10% over that same span due to falling interest rates.

www.denverpost.com/2020/03/12/real-estate-voices-cocktail-chattables-with-ultra-low-interest-rates-buying-a-home-has-become-substantially-more-affordable-for-all/

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Seattle cancels design meetings

Owing to the coronavirus outbreak, the city of Seattle has canceled or postponed all scheduled public design review meetings through at least March 18.

www.djc.com/news/re/12130290.html

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For sale: Seattle-area properties, tiny, skinny, inaccessible and unbuildable

“Absolutely illogical.”

www.seattletimes.com/business/real-estate/for-sale-seattle-area-properties-tiny-skinny-inaccessible-and-unbuildable/

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Here’s a castle in Oregon worthy of Prince Harry and Meghan Markle, listed at $3.9 million

A medieval-type French-chateau castle that an Oregon couple took seven years to build is on the market for a princely sum of $3.9 million.

www.sacbee.com/news/business/real-estate-news/article240935321.html

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Mortgage rates reverse course from last week’s all-time low

The average U.S. rate for a 30-year fixed mortgage rose to 3.36% this week

www.housingwire.com/articles/mortgage-rates-reverse-course-from-last-weeks-all-time-low/

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Coronavirus leading to lower interest rates that spur house hunters to make a bid

As economic uncertainty about the coronavirus drives down interest rates, house hunters are applying for mortgages at a level not seen in more than a decade.

www.usatoday.com/story/money/2020/03/11/coronavirus-house-hunters-take-advantage-low-interest-rates/5020032002/

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Mortgage refinance applications spike 79% as homeowners rush to take advantage of lower rates

 

Another major drop in mortgage rates caused a massive jump in borrowers applying to refinance their home loans.

www.cnbc.com/2020/03/11/mortgage-refinance-applications-spike-79percent-as-interest-rates-sink.html

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Treasuries and Junk Bonds Reverse Safety Trades. Investment-Grade Bets Falter, After the BBBs’ Worst Day Ever

Treasuries are falling and high-yield bonds rising as traders reverse some of their safe-haven moves from recent days.

www.barrons.com/articles/treasuries-and-junk-bonds-reverse-safety-trades-investment-grade-bets-falter-after-the-bbbs-worst-day-ever-51583856737

______________________________________________________________________________________________________________

Energy Prices Fall in February

The Consumer Price Index (CPI), released by the Bureau of Labor Statistics (BLS), rose by 0.1% in February on a seasonally adjusted basis, the same increase as in January.

eyeonhousing.org/2020/03/energy-prices-fall-in-february/

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Seattle Public Schools closing for at least two weeks; district has said it won’t offer online learning

Seattle Public Schools will close for at least two weeks starting Thursday, the latest in a series of dramatic measures intended to help stem the tide of the novel coronavirus in the Seattle region.

www.geekwire.com/2020/seattle-public-schools-closing-least-two-weeks-district-said-wont-offer-online-learning/

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______________________________________________________________________________________________________________

Market Hotness Index

Metro Hotness – Zip Code and County Hotness

www.realtor.com/research/reports/hottest-markets/

______________________________________________________________________________________________________________

HOUSING STATISTICS

Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.

www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311

______________________________________________________________________________________________________________

Economic Indicators

U.S. Census Bureau Economic Indicators

www.census.gov/economic-indicators/

______________________________________________________________________________________________________________

CoreLogic Home Price Insights

The most geographically comprehensive and current home price index.

www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl

______________________________________________________________________________________________________________

Bureau of Economic Analysis

U.S. Economy at a Glance

www.bea.gov/index.htm

______________________________________________________________________________________________________________

U.S. Housing Market Tracker

The U.S. housing market has struggled to find equilibrium after the bubble of the past decade. Here’s a look at where various gauges of supply and demand stand today.

graphics.wsj.com/us-housing-market/

______________________________________________________________________________________________________________

Mortgage Market Survey Archive

Compilation of Weekly Survey Data for 2015

www.freddiemac.com/pmms/archive.html

______________________________________________________________________________________________________________

Housing Economics

NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

www.nahb.org/en/research/housing-economics.aspx

 

 

 

 

 

 

“One-fifth of the people are against everything all the time.”

~Robert Kennedy

__________________________

Is the Best Time to Sell a House Changing?

In mid-January, Kim Colaprete held an open house for a property that had just hit the market in Seattle. With nearly 100 people attending over two days, it was a busy event, says the broker of Team Diva Real Estate with Coldwell Banker Bain.

realestate.usnews.com/real-estate/articles/is-the-best-time-to-sell-a-house-changing

______________________________________________________________________________________________________________

The Report 2020

Published by the Coldwell Banker Global Luxury® program, The Report 2020 analyzes the latest trends and data provided by leading influencers from The Institute for Luxury Home Marketing, WealthEngine, Unique Homes and in-the-field real estate specialists.

Download Report!

blog.coldwellbankerluxury.com/wp-content/uploads/2020/02/Coldwell-Banker-Global-Luxury-report-2020_FEB20_Final.pdf

______________________________________________________________________________________________________________

Tech Cities in Motion

Tech Cities are outperforming other global centres. GDP across

the 30 Tech Cities is forecast to rise by 36% in the next decade,

against a rate of 19% across other developed cities.

pdf.euro.savills.co.uk/global-research/2019—tech-cities-in-motion.pdf

______________________________________________________________________________________________________________

Mortgage Delinquencies Reach Historic Low

In the fourth quarter of 2019, the delinquency rate for mortgage loans on single-family homes1 decreased to 3.8% of all loans outstanding, according to the latest iteration of the Mortgage Bankers Association’s National Delinquency Survey.

eyeonhousing.org/2020/02/mortgage-delinquencies-reach-historic-low/

______________________________________________________________________________________________________________

Unaffordable Prices Hold Back Prospective Home Buyers

As revealed in a previous post, 60% of buyers actively searching for a home to buy in the final quarter of 2019 have been looking – unsuccessfully – for at least three months.

eyeonhousing.org/2020/02/unaffordable-prices-hold-back-prospective-home-buyers-3/

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63 Million Households Are Unable to Afford a $250,000 Home

In January, NAHB released its new Priced-Out Estimates for 2020.  A previous post discussed the often-cited estimate that a $1,000 increase in the price of a median-priced new home will price 158,857 U.S. households out of the market for the home.  A second post discussed the related estimate that a quarter point increase in the mortgage rate will price out 1.3 million.

eyeonhousing.org/2020/02/63-million-households-are-unable-to-afford-a-250000-home/

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The Week’s Most Popular Home Is a Mansion That’s Never Been Lived In—and You Won’t Believe Why

An art-stuffed mansion in Illinois is this week’s most popular home on realtor.com®. And as if its 9,721 square feet of extreme opulence weren’t enough, the enormous residence comes complete with a shocking twist.

www.realtor.com/news/trends/never-lived-in-mansion-art-museum-most-popular/?link=TD_mansionglobal_new_mansion_global.11147f181987fd93&utm_source=mansionglobal_new_mansion_global.11147f181987fd93&utm_campaign=circular&utm_medium=MOVE

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Must-See Green Time-Capsule Condo Is the Week’s Most Popular Home

A colorful condo that’s been essentially uninhabited since 1974 is this week’s most popular home on realtor.com®. Decked out in groovy shades of green, the one-of-a-kind time capsule mesmerized us, and we wrote about it last week.

www.realtor.com/news/trends/green-time-capsule-condo-most-popular/

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OK, boomers and millennials: This next wave of home buyers is coming up fast

Gen Z is already influencing mortgage lending and builders

www.marketwatch.com/story/ok-boomers-and-millennials-this-next-wave-of-home-buyers-is-coming-up-fast-2020-02-13?mod=real-estate-personal-finance

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5 Horrific Painting Fails Done by Designers—in Their Own Homes

Think designers don’t make mistakes when primping their own homes? On the contrary, even the pros get it wrong sometimes—particularly when it comes to paint.

www.realtor.com/advice/home-improvement/painting-fails-done-by-designers-in-their-own-homes/

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What apartments can you rent for $1,300 in downtown Portland?

Curious just how far your dollar goes in downtown Portland? Here’s what you can get in neighborhood apartment rentals by price point, with photos and amenities.

www.kgw.com/article/life/hoodline/what-apartments-will-1300-rent-you-in-downtown-today/283-8c877680-4a7e-4047-baba-f5e5987c218c

______________________________________________________________________________________________________________

Amazon Expands Portland-Area Footprint

Amazon plans to open two facilities encompassing roughly 370,000 square feet in the Portland area. One will be at the Majestic Tualatin Business Center in Tualatin (pictured), and another facility is slated to ride into the former Portland Meadows horse racing property.

www.connect.media/amazon-expands-portland-area-footprint/

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Earthquake experts lay out latest outlook for the ‘Really Big One’ that’ll hit Seattle

Earthquake experts say current building codes don’t reflect the riskiest features of the Seattle area’s geology — but the outlook for survivability looks a lot better if the Really Big One can just hold off for a few more years.

www.geekwire.com/2020/earthquake-researchers-lay-latest-outlook-really-big-one-thatll-hit-seattle/

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Los Angeles Takes Top Spot as Nation’s Least Affordable Housing Market

San Francisco, which has been the nation’s least affordable major housing market for the past two years, was supplanted by Los Angeles in the fourth quarter of 2019, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI).

eyeonhousing.org/2020/02/los-angeles-takes-top-spot-as-nations-least-affordable-housing-market-2/

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Condo buyers begin moving into Nexus

Burrard Properties announced that the first wave of homeowners began moving into its new Nexus condominium tower last week.

www.djc.com/news/re/12129788.html?cgi=yes

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Portland in 2030: Passenger drone pads atop skyscrapers, sensors citywide to make us more efficient with our lives

Portland has seen a lot of growth and changes in the past decade. But experts say expect a lot more change in our skyline and infrastructure in the next decade.

www.kgw.com/article/money/portland-in-2030-helipads-atop-skyscrapers-sensors-citywide-to-make-us-more-efficient-with-our-lives/283-7fb2513e-a112-4e6d-81ae-2e922dd79505

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As Seattleites and their money flow south, Tacoma residents grapple with changing neighborhoods

Nearly 18,000 King County residents moved to Pierce County in 2017, 25% higher than two years earlier, according to census estimates.

www.seattletimes.com/business/real-estate/as-seattleites-and-their-money-flood-south-tacoma-residents-say-the-edges-are-being-smoothed-off-grit-city/

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All Over The Map: Who named Seattle’s Northgate Mall?

It was 72 years ago this week that plans for a revolutionary new shopping center in Seattle were announced, which would later be known as ‘Northgate Mall.’

mynorthwest.com/1720315/all-over-the-map-who-named-northgate/

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5 home improvements that may not pay off when you sell

You spent the holidays binging on HGTV, and now visions of shiplap accent walls and freestanding soaking tubs are dancing through your head.

www.seattletimes.com/business/5-home-improvements-that-may-not-pay-off-when-you-sell/

______________________________________________________________________________________________________________

Purchasing a home drives 15% of buyers to tears

A third of homebuyers lose sleep during the process

www.housingwire.com/articles/purchasing-a-home-drives-15-of-buyers-to-tears/

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Converted carriage house in Seattle asks $2M

A 1913 structure remodeled by award-winning Seattle-area architect George Suyama

www.curbed.com/2020/2/14/21137542/seattle-house-for-sale-george-suyama

______________________________________________________________________________________________________________

______________________________________________________________________________________________________________

______________________________________________________________________________________________________________

Market Hotness Index

Metro Hotness – Zip Code and County Hotness

www.realtor.com/research/reports/hottest-markets/

______________________________________________________________________________________________________________

HOUSING STATISTICS

Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.

www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311

______________________________________________________________________________________________________________

Economic Indicators

U.S. Census Bureau Economic Indicators

www.census.gov/economic-indicators/

______________________________________________________________________________________________________________

CoreLogic Home Price Insights

The most geographically comprehensive and current home price index.

www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl

______________________________________________________________________________________________________________

Bureau of Economic Analysis

U.S. Economy at a Glance

www.bea.gov/index.htm

______________________________________________________________________________________________________________

U.S. Housing Market Tracker

The U.S. housing market has struggled to find equilibrium after the bubble of the past decade. Here’s a look at where various gauges of supply and demand stand today.

graphics.wsj.com/us-housing-market/

______________________________________________________________________________________________________________

Mortgage Market Survey Archive

Compilation of Weekly Survey Data for 2015

www.freddiemac.com/pmms/archive.html

______________________________________________________________________________________________________________

Housing Economics

NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

www.nahb.org/en/research/housing-economics.aspx

 

President’s Day
 “However [political parties] may now and then answer popular
ends, they are likely in the course of time and things, to become
potent engines, by which cunning, ambitious, and unprincipled
men will be enabled to subvert the power of the people and to
usurp for themselves the reins of government, destroying
afterwards the very engines which have lifted them to unjust dominion.”
George Washington 
 
 
 
Buying a home? Here’s how the
housing market is looking in
2020
 
The housing market in the Seattle area is starting off the year
with record-low inventories, rising prices and signs pointing to
a “piping-hot market.”
 
 
______________________________________________________________________________________________________________
 
Study ranks safest cities in
Washington…guess who tops
the list
 
A new study from the National Council for Home Safety and
Security released Wednesday named Oak Harbor as
Washington’s safest city.
 
 
______________________________________________________________________________________________________________
 
Safest Cities in Washington –
2020
 
Washington’s crime situation is a bit unusual: the state boasts
a violent crime rate considerably below the national average,
yet has a significant property crime issue, mainly in Seattle and
its other large cities. Nevertheless, Washington is home to a
handful of cities where neither violent nor property crime are a
significant issue. Here’s a closer look at the Evergreen State’s
five safest cities.
 
 
______________________________________________________________________________________________________________
 
The 10 Safest Cities In Oregon
For 2020
 
We used data and science to determine the places in Oregon
where everyone sleeps safe and sound.
 
 
______________________________________________________________________________________________________________
 
Low Mortgage Rates Continue
to Boost U.S. Luxury Market
 
Pricey transactions grew the fastest in Morris County,
New Jersey
 
 
______________________________________________________________________________________________________________
 
As mortgage rates remain near
three-year lows, here are 5
questions to ask yourself before
you refinance your mortgage
 
The average rate for a 30-year fixed-rate mortgage now stands
at 3.45%, the lowest since 2016
 
 
______________________________________________________________________________________________________________
 
Getty Center North? This $8.65
Million Portland Mansion Was
Inspired by LA’s Most Popular
Museum
 
Get ready to see some top-notch masonry.
 
 
______________________________________________________________________________________________________________
 
Mortgage rates rise slightly
from three-year lows — here’s
why low rates won’t help home
buyers very much
 
Ultra-low interest rates have sparked another boom in
mortgage refinancing activity, but home buyers may not reap
as much benefit
 
 
______________________________________________________________________________________________________________
 
Estate of Late Microsoft
Co-Founder Paul Allen Sells for
$35 Million
 
The Silicon Valley, California, home spans 21,000 square feet
 
 
______________________________________________________________________________________________________________
 
City bans many winter
evictions
 
Many residential evictions in pricey Seattle have been banned
for the city’s coldest and wettest months of December, January
and February but city leaders decided against invoking the ban
for November and March.
 
 
______________________________________________________________________________________________________________
 
Redfin Ranks the Most
Walkable U.S. Cities of 2020
 
New York, San Francisco and Boston are the most walkable
cities in the U.S. in 2020, according to a new ranking from
Redfin (www.redfin.com), the technology-powered real estate
brokerage.
 
 
______________________________________________________________________________________________________________
 
January 2020 Seattle Condo
Market Update
 
The dark clouds and drizzle of winter parted ways for a warming Seattle condominium market. Seattle started the year with a jolt as sales spiked and inventory plummeted.
 
 
______________________________________________________________________________________________________________
 
Portland’s bidding wars are
cooling: Homes sold above
asking price hit a 3-year low
 
More than one in four — 26.9% — of homes in the Portland
area sold for more than their asking price last year, according to
a new Zillow analysis. As high as that sounds, that’s a drop from
31.7% the previous year.
 
 
______________________________________________________________________________________________________________
 
Homes Sold Above List Price
Fell to Three-Year Low in 2019
 
Roughly one-in-five (19.9%) U.S. homes sold for more than
their list price in 2019, the lowest share in years — a reflection
of cooling market dynamics and subsequent shifts in pricing
and offer strategies in response. But as those market dynamics
begin changing direction again, so too will the balance of power
in the ongoing price/offer game between buyers and sellers
 
 
______________________________________________________________________________________________________________
 
Amid homeless crisis and golf
decline, City of Portland owns
five golf courses. Should it?
 
The City of Portland owns five golf courses, totaling about 800
acres. At least one city commissioner says it’s time to look at
using some of that land differently.
 
 
______________________________________________________________________________________________________________
 
The “all-electric” movement is
gaining speed, surprising some
real estate developers
 
When Berkeley, California became the first city in the country
to ban natural gas connections in new construction last July,
no one knew that the effects would be felt so far and quickly.
 
 
______________________________________________________________________________________________________________
 
Amazon Is Ramping up
Employment in Bellevue With
Plans to Add Thousands of New
Jobs
 
A rendering of Amazon’s Bellevue 600, a 43-story office tower
designed by Seattle based NBBJ that will be the tallest in the
city. It is being developed on the east portion of the Bellevue
Corporate Plaza property purchased by Amazon in April 2019.
 
 
__________________________________________________________________________________________________________
 
FINANCIAL STATE OF THE
CITIES
 
This is our fourth annual Financial State of the Cities (FSOC)
report, a comprehensive analysis of the fiscal health of the
nation’s 75 most populous cities
 
 
______________________________________________________________________________________________________________
 
A Photographer’s Journey to
Capturing Over 250 Old School-
houses in Oregon
 
I don’t know when or why this obsession first came about. If I
try to trace it back, maybe it was my first glimpse of Lower
Eight Mile School, sitting alone and desolate in a field
somewhere west of The Dalles.
 
 
______________________________________________________________________________________________________________
 
Seattle elite not ready to give
up car keys
 
Buyers not lining up for carless luxury tower on waterfront
 
 
______________________________________________________________________________________________________________
 
What’s inside Portland’s historic
and new mansions? Here are 10
for sale
 
Timber barons, bankers and merchants erected trophy homes
in Portland’s toniest neighborhoods a century ago. These
mansions boasted a mahogany-rich ballroom, library and
music room, and a conservatory could be seen across the
manicured grounds.
 
 
______________________________________________________________________________________________________________
 
______________________________________________________________________________________________________________
Market Hotness Index
Metro Hotness – Zip Code and County Hotness
___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials), 
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
_________________________________________________________________________________________________________________________________________________________________ 
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.                                                   
______________________________________________________________________________________________________________
Mortgage Market Survey Archive 
Compilation of Weekly Survey Data for 2018 
_________________________________________________________________________________________ ____________________o
Seattle Architectural Styles
      Through the Years 
Real Estate Changes by Decade
blog.seattlepi.com/seattlewaterfronthomes/2010/07/23/seattle-architectural-styles-through-the-years-real-estate-changes-by decade/                                                                                                                                                 _________________________________________________________________________________________ _________________________________
Seattle Gives Green Light to Northgate 
Mall Redevelopment Plan with New 
NHL Seattle Facility
 
The NHL is coming to Seattle, and the group that will
bring a team to the Emerald City has announced that
it would make its home at the Northgate Mall, where
developer Simon Property Group is looking to
transform an aging retail destination into one of the
region’s most vibrant new neighborhoods and
experience centers. This week, the project owners
also received approval at a second Early Design
Guidance meeting to advance the revised plans for
the redevelopment that now include an ice hockey
center, offices for NHL Seattle, the team ownership,
and a second hotel.

 

 

 

 

 

“Comparison is the thief of joy”

― Teddy Roosevelt

__________________________

 

While region’s median home prices rose last year, King County’s took a dip — but it won’t last

“It felt like a year of transition. A little bit of a shakeout year,” said Kim Colaprete, a broker at Coldwell Banker Bain. “There were crazy multiple offers in some scenarios. We also had clients who got amazing deals on properties that were on the market for a long time. And we had listings that sold for way over market.”

www.seattletimes.com/business/real-estate/while-regions-median-home-prices-rose-last-year-king-countys-took-a-dip-but-it-wont-last/

______________________________________________________________________________________________________________

Homes are selling fastest in these Portland neighborhoods

The frenzied bidding wars of 2017-2018 are long gone, but there are neighborhoods in the Portland metro area in which homes sell much faster than the almost 50 day average.

www.oregonlive.com/life-and-culture/j66j-2020/01/0b5a21ebdb9515/homes-are-selling-fastest-in-these-portland-neighborhoods.html

______________________________________________________________________________________________________________

100-Year Anniversary of Prohibition: The Finest Wet Bars and Wine Cellars Listed by Coldwell Banker

5 amazing homes for sale with a wine cellar or wet bar

blog.coldwellbanker.com/100-year-anniversary-of-prohibition-the-finest-wet-bars-and-wine-cellars-listed-by-coldwell-banker/

______________________________________________________________________________________________________________

Y Combinator grad ZeroDown opens Seattle office to tackle pricey housing down payments

Another real estate startup is coming to Seattle, aiming to disrupt the expensive and stressful process of buying a home.

www.geekwire.com/2020/y-combinator-grad-zerodown-opens-seattle-office-tackle-pricey-housing-payments/

______________________________________________________________________________________________________________

Apartments for rent in Seattle: What will $1,900 get you?

Curious just how far your dollar goes in Seattle?

hoodline.com/2020/01/apartments-for-rent-in-seattle-what-will-1-900-get-you-1579057189

______________________________________________________________________________________________________________

The cheapest rentals in Concordia, Portland

Concordia is quite walkable, is easy to get around on a bicycle and offers many nearby public transportation options, according to Walk Score’s rating system.

news.yahoo.com/cheapest-rentals-concordia-portland-120410908.html

______________________________________________________________________________________________________________

How Big Data Will Impact Real Estate Buying, Selling and Developing

The emerging Big-Data-fueled technologies can provide new insights and approaches to how luxury real estate is developed, priced, sold and bought

www.mansionglobal.com/articles/how-big-data-will-impact-real-estate-buying-selling-and-developing-210771

______________________________________________________________________________________________________________

The most popular features in real estate listings

The three most frequently-used feature descriptions for homes priced under $5 million were: “granite countertops,” “hardwood floors,” and “stainless steel appliances.” Next on the list: “open floor plan,” “fenced backyard,” and “covered patio.”

www.housingwire.com/articles/the-most-popular-features-in-real-estate-listings/?utm_source=homesnap&utm_medium=desktop

______________________________________________________________________________________________________________

Some homebuyers value their real estate agent as much as a therapist

How important is a real estate agent to homebuyers and sellers? Well, according to new survey, a majority of homebuyers and sellers feel that an agent is more important to them than their therapist.

www.housingwire.com/articles/some-homebuyers-value-their-real-estate-agent-as-much-as-a-therapist/

______________________________________________________________________________________________________________

Permits for in-law flats down in Portland

Longtime small-housing advocate Kol Peterson studied data from the city of Portland and found permits for accessory dwelling units decreased in 2019.

www.bendbulletin.com/business/permits-for-in-law-flats-down-in-portland/article_c1013df4-364d-11ea-a0ff-f3159aa9dad2.html

______________________________________________________________________________________________________________

Will 2020 be a good year to buy a home? Here’s what the experts say

Economists say that 2020 will be a positive — though not exactly stellar — year for the housing market. And that could be good news for renters and home buyers alike.

www.marketwatch.com/story/will-2020-be-a-good-time-to-buy-a-house-heres-what-the-experts-say-2019-12-18

______________________________________________________________________________________________________________

Jumbo mortgages are haunting the housing market, and things could get really scary

Mortgage underwriting standards have eased considerably in the past couple of years; one of the largest U.S. mortgage originators now offers a jumbo mortgage of up to $1 million with only 10% down if you have a FICO score of at least 760.

www.marketwatch.com/story/this-ghost-of-the-housing-bubble-still-haunts-the-home-mortgage-market-2020-01-15?mod=MW_story_top_stories

______________________________________________________________________________________________________________

Renters on rise in big-city U.S.

While Seattle as a whole is evenly split between owners and renters, individual neighborhoods tend to be skewed toward one or the other. That’s not surprising, since much of the city is zoned exclusively for single-family homes, which are typically owner-occupied.

www.arkansasonline.com/news/2020/jan/12/renters-on-rise-in-big-city-u-s-2020011/?business

__________________________________________________________________________________________________________

In just 3 years, Amazon has amassed nearly 3M square feet of real estate in this Seattle-area city

Amazon opened its first office in Bellevue, Wash., a little more than two years ago. A dizzying expansion followed, multiplying the tech giant’s presence in Bellevue and changing the face of the rapidly growing city 10 miles east of Seattle.

www.geekwire.com/2020/just-3-years-amazon-amassed-nearly-3m-square-feet-real-estate-seattle-area-city/

______________________________________________________________________________________________________________

Strong Growth Rate for Housing Starts Going into 2020

Total housing starts posted a 16.9 percent increase in December (1.608 million units) compared to a upwardly revised November estimate of 1.375 million units according to the joint data release from the Census Bureau and HUD. Relative to December 2018, total starts are 40.8 percent above the annual pace of 1.14 million units, a pace that will likely be revised down in future estimates.

eyeonhousing.org/2020/01/strong-growth-rate-for-housing-starts-going-into-2020/

______________________________________________________________________________________________________________

Rent Index Inches Up in December

In December, inflation-adjusted residential rents increased 0.1 percent over November’s reading, after essentially no growth in October and November (Figure 1). The average monthly growth rate of the real rent index stood at 0.11 percent in 2019, compared to 0.10 percent in 2018.

eyeonhousing.org/2020/01/rent-index-inches-up-in-december/

______________________________________________________________________________________________________________

Updated Index Shows Regulation Most Restrictive on the Coasts

In December, the National Bureau of Economic Research (NBER) released a working paper announcing the release of an updated version of the Wharton Land Use Regulatory Index. The paper’s lead author, Joseph Gyourko, is a professor at the Wharton School who is well known for his research in this area and worked with the previous version of the index.

eyeonhousing.org/2020/01/updated-index-shows-regulation-most-restrictive-on-the-coasts/

______________________________________________________________________________________________________________

Blue Desert Cabo

Welcome to the first moments of your Blue Desert Cabo Luxury Villas experience.

www.jetsetmag.com/real-estate/paradise-found-blue-desert-cabo/

______________________________________________________________________________________________________________

Posh Cribs: The Luxury Tiny Home Movement

If you’ve always been intrigued with downsizing your “normal sized” home, while still maintaining the highest of style and grand luxury, the tiny home movement is trending in that direction.

www.jetsetmag.com/real-estate/posh-cribs-the-luxury-tiny-home-movement/

______________________________________________________________________________________________________________

______________________________________________________________________________________________________________

______________________________________________________________________________________________________________

Market Hotness Index

Metro Hotness – Zip Code and County Hotness

www.realtor.com/research/reports/hottest-markets/

______________________________________________________________________________________________________________

HOUSING STATISTICS

Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.

www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311

______________________________________________________________________________________________________________

Economic Indicators

U.S. Census Bureau Economic Indicators

www.census.gov/economic-indicators/

______________________________________________________________________________________________________________

CoreLogic Home Price Insights

The most geographically comprehensive and current home price index.

www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl

______________________________________________________________________________________________________________

Bureau of Economic Analysis

U.S. Economy at a Glance

www.bea.gov/index.htm

______________________________________________________________________________________________________________

U.S. Housing Market Tracker

The U.S. housing market has struggled to find equilibrium after the bubble of the past decade. Here’s a look at where various gauges of supply and demand stand today.

graphics.wsj.com/us-housing-market/

______________________________________________________________________________________________________________

Mortgage Market Survey Archive

Compilation of Weekly Survey Data for 2015

www.freddiemac.com/pmms/archive.html

______________________________________________________________________________________________________________

Housing Economics

NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

www.nahb.org/en/research/housing-economics.aspx

______________________________________________________________________________________________________________

 

 

 

 

“Snow was falling,

so much like stars

filling the dark trees

that one could easily imagine

its reason for being was nothing more

than prettiness.”

― Mary Oliver

__________________________

____________________________________________________________________________________

______________________________________________________________________________________________________________

2020 Housing Market Predictions

Economic activity in the United States started 2019 on an upbeat note, fueled by consumer optimism and business confidence. Riding the corporate tax restructuring of the 2017 Tax Cuts and Jobs Act, companies boosted investments and, coupled with solid consumer spending, led to a 4.1 percent annualized gain in gross domestic product (GDP) during the first quarter of the year, according to the Bureau of Economic Analysis. In addition, exports outpaced imports during the period, leading to expectations of increased trade windfalls.

www.realtor.com/research/2020-national-housing-forecast/?_cldee=c2NvdHRqYW1lc2RpY2tpbnNvbkBnbWFpbC5jb20%3d&recipientid=contact-5847ac0818714c2faea2df04b051acb8-d2ed251544484042a5b2108f5fc83885&utm_source=ClickDimensions&utm_medium=email&utm_campaign=Get%20the%20Facts%202016&esid=ce7d6353-5f2b-ea11-9c35-00155d235002

______________________________________________________________________________________________________________

People who second-guess themselves make worse decisions, study finds

Researchers said their findings would apply in realms as diverse as business, dating and politics

www.washingtonpost.com/business/2020/01/06/people-who-second-guess-themselves-make-worse-decisions-study-finds/

______________________________________________________________________________________________________________

With Recession Fears Diminished, January Is a Smart Time to Buy

More buyers are expected to return to the luxury market in 2020 and can avoid bidding wars if they start in the first month of the year

www.mansionglobal.com/articles/with-recession-fears-diminished-january-is-a-smart-time-to-buy-210592?mod=article_inline

______________________________________________________________________________________________________________

6 Reasons Why Winter Is Actually the Most Chill Time to Buy a Home

While it’s true that things do slow down in the winter, that’s not necessarily a bad thing. Yes, it’s cold. Yes, fewer homes are for sale. Yes, moving in a snowstorm is a pain no one should experience. But there are quite a few darned smart reasons to buy a home in the winter.

www.realtor.com/advice/buy/buying-a-home-in-the-winter/?mod=article_inline

______________________________________________________________________________________________________________

The best smart home products at CES 2020

The smart home category of products is one of the fastest-growing industries in the tech world. As one would expect, CES 2020 was bursting at the seams with smart home gear, so we thought we’d round up the best smart home tech we saw at the show.

www.androidauthority.com/best-smart-home-products-1071658/

______________________________________________________________________________________________________________

How Big Data Will Impact Real Estate Buying, Selling and Developing

The emerging Big-Data-fueled technologies can provide new insights and approaches to how luxury real estate is developed, priced, sold and bought

www.mansionglobal.com/articles/how-big-data-will-impact-real-estate-buying-selling-and-developing-210771

______________________________________________________________________________________________________________

JUWAI TOP 10 CHINESE BUYER PICKS FOR H1 2019

Chinese property investors have been quick to react to the economic and political turmoil many countries experienced over the past 12 months. Trade tensions

downloads.juwai.com/pdf/Juwai-Top-10-Chinese-Buyers-Picks-H1-2019.pdf?&utm_source=EmarsysEDM&utm_medium=email&utm_campaign=Juwai+Top+10+Chinese+buyers+picks+H1+2019+Report+%28Industry+Marketing%29+&utm_content=banner

______________________________________________________________________________________________________________

2020 COST VS VALUE REPORT

This site compares average costs for 22 remodeling projects with the value those projects retain at resale in 136 U.S. markets.

www.remodeling.hw.net/cost-vs-value/2020/

______________________________________________________________________________________________________________

Infographic: 2019 Profile of Home Buyers & Sellers

The typical buyer was 47 years old this year, and the median household income for 2018 rose again this year to $93,200. The typical home seller was 57 years old.

www.nar.realtor/infographics/2019-profile-of-home-buyers-sellers

______________________________________________________________________________________________________________

The Puget Sound Region’s Office Market Is in Record-Breaking Territory

The Seattle area’s sizzling tech economy and changing tax laws fueled the office sector’s stellar growth in the fourth-quarter of 2019

seattlebusinessmag.com/commercial-real-estate/puget-sound-regions-office-market-record-breaking-territory

______________________________________________________________________________________________________________

Housing market expected to heat up in King, Pierce Counties

Real estate experts say low inventory will mean the hottest housing market in years. Experts also call for an increase in bidding wars on homes.

www.king5.com/article/news/local/hot-housing-market-king-pierce-county/281-22fc0103-ba1f-42f1-b62c-96a7648ca542

______________________________________________________________________________________________________________

Homeless women who took over California home gain support

Some California lawmakers said they support a group of homeless women who have been illegally living in a vacant three-bedroom house since November

www.seattletimes.com/business/homeless-women-who-took-over-california-home-gain-support/

__________________________________________________________________________________________________________

House shoppers and millennials feel the pinch of few listings, rising home prices

The Portland area had 19.2 percent fewer houses for sale in 2019 compared to the previous year, while the median listing price of $469,450 held steady

www.oregonlive.com/realestate/2020/01/house-shoppers-and-millennials-feel-the-pinch-of-few-listings-rising-home-prices.html

______________________________________________________________________________________________________________

T. rex lives large in real estate marketing campaign

It was just Realtor Michelle Patterson and her team getting creative while marketing the property at 1605 East AB Wade Road. The 7.49-acre property, which has a 6,400-square-foot main house and a 2,000-square-foot guest house, is on the market for $1.25 million.

www.tennessean.com/story/money/homes/2020/01/07/t-rex-lives-large-real-estate-marketing-campaign/2823857001/

______________________________________________________________________________________________________________

The cheapest apartments for rent in Portland’s Pearl District

Finding a bargain can be a challenge if you’re looking for new digs on a budget. So what does the low-end rental price in the Pearl District look like these days?

www.kgw.com/article/life/hoodline/the-cheapest-apartments-for-rent-in-portlands-pearl-district/611-a4558b11-47cd-4fdc-a922-8fa66a9e98a5

______________________________________________________________________________________________________________

Will 2020 Be the Year Seattle’s Housing Market Starts Rising Again?

Home prices in the Seattle metro are have fallen over the past year or so, a trend we’ve covered in the past. But now, as we enter 2020, the Seattle housing market is showing signs of an upswing.

www.homebuyinginstitute.com/news/will-seattle-start-rising-again/

______________________________________________________________________________________________________________

Sell A Seattle House In Probate – I Will Buy House Helps Portland Resident Sell Property in Shoreline

I Will Buy House has helped yet another homeowner sell a Seattle house in probate.

www.digitaljournal.com/pr/4547958

______________________________________________________________________________________________________________

This Midcentury Modern Home in Seattle Is a 1950s Time Capsule

Midcentury modern homes continue to be popular, and are highly coveted in Seattle. Right now, one of those designs is available for $3.35 million.

www.nhregister.com/realestate/article/This-Midcentury-Modern-Home-in-Seattle-Is-a-1950s-14945857.php

______________________________________________________________________________________________________________

11 real estate sales of more than $1 million in December 2019 in the San Juan Islands

Real estate transactions in the San Juan Islands in December 2019 included 11 of  more than $1 million.  Nine were on San Juan Island, one on Decatur Island and one on Lopez Island

sanjuanislander.com/news-articles/business-and-economy/30331/2020-01-02-00-25-26

______________________________________________________________________________________________________________

______________________________________________________________________________________________________________

______________________________________________________________________________________________________________

Market Hotness Index

Metro Hotness – Zip Code and County Hotness

www.realtor.com/research/reports/hottest-markets/

______________________________________________________________________________________________________________

HOUSING STATISTICS

Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.

www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311

______________________________________________________________________________________________________________

Economic Indicators

U.S. Census Bureau Economic Indicators

www.census.gov/economic-indicators/

______________________________________________________________________________________________________________

CoreLogic Home Price Insights

The most geographically comprehensive and current home price index.

www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl

______________________________________________________________________________________________________________

Bureau of Economic Analysis

U.S. Economy at a Glance

www.bea.gov/index.htm

______________________________________________________________________________________________________________

U.S. Housing Market Tracker

The U.S. housing market has struggled to find equilibrium after the bubble of the past decade. Here’s a look at where various gauges of supply and demand stand today.

graphics.wsj.com/us-housing-market/

______________________________________________________________________________________________________________

Mortgage Market Survey Archive

Compilation of Weekly Survey Data for 2015

www.freddiemac.com/pmms/archive.html

______________________________________________________________________________________________________________

Housing Economics

NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

www.nahb.org/en/research/housing-economics.aspx

__________________________________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

“Celebrate Life. Care for others and share whatever you have with those less fortunate than you. Broaden your vision, for the whole world belongs to you. “   

-Sri Sri Ravi Shankar

Our secret is out — Washington tops list of this Best States ranking

A study released by governing.com earlier this year found that people are moving to Washington state at such a rate that a number of counties actually have fewer native Washingtonians than adults who born elsewhere and moved to the Evergreen State.

www.thenewstribune.com/news/state/washington/article238034469.html

______________________________________________________________________________________________________________

Tracking Lifetime Homeownership Rates

A recent NAHB Special Study uses the National Longitudinal Survey of Youth (NYLS) to study lifetime homeownership rates and how long individuals sustain in homeownership.

eyeonhousing.org/2019/12/tracking-lifetime-homeownership-rates/

______________________________________________________________________________________________________________

QUARTERLY RESIDENTIAL VACANCIES AND HOMEOWNERSHIP,  THIRD QUARTER 2019 

 

The homeownership rate of 64.8 percent was not statistically different from the rate in the third quarter 2018 (64.4 percent), but was 0.7 percentage points higher than the rate in the second quarter 2019 (64.1 percent). 

www.census.gov/housing/hvs/files/currenthvspress.pdf

______________________________________________________________________________________________________________

Millennial Housing Demand and Regional Building Trends: 3Q19 HBGI

Supply and resulting affordability challenges for millennials were highlighted in the most recent NAHB Home Building Geography Index (HBGI). The third quarter HBGI also offers more region-specific insights of single- and multifamily home building trends, including their connections to millennial-intensive areas.

eyeonhousing.org/2019/12/millennial-housing-demand-and-regional-building-trends-3q19-hbgi/

______________________________________________________________________________________________________________

Seattle one of 5 cities accounting for 90% of high-tech growth, report says

A vast majority of all job growth in high-tech industries is concentrated in just five metro areas, a new report finds. Seattle, of course, ranks among them.

komonews.com/news/local/seattle-one-of-5-cities-accounting-for-90-of-high-tech-growth-report-says

______________________________________________________________________________________________________________

Latest MLS report indicates Seattle has become a ‘world market’

Many experts expected the Puget Sound region housing market to slog through November.

www.bizjournals.com/seattle/news/2019/12/06/latest-mls-report-indicates-seattle-world-market.html?ana=e_mc_prem&j=90326521&t=Morning&mkt_tok=eyJpIjoiTldRMU5HRTFOREk0WkdaaSIsInQiOiIwNm9EWnFna2U2ZFd5NFUrY1I3RFB5YXJ5WCtlSjlxN0RJTGVhREgwWHpOaGFvbnU5andiYlNMOURJdEpPTTB3Z01PSGZtWWt2QlR2TzRtQkJvY0tmcWVrb3FOdVFtTWxTS3d1RTVtUDljZys1cVBHem1CRURpN205aFVRTk9LKyJ9&s=print

______________________________________________________________________________________________________________

Closed Sales Increase 15 percent From November 2018 to November 2019 in Lewis County

Northwest Multiple Listing Service Reports ‘November Surprise’ Leads to Increase in Home Sales

www.chronline.com/news/closed-sales-increase-percent-from-november-to-november-in-lewis/article_9eaae4d0-1c76-11ea-a3a0-ebc0064af987.html

______________________________________________________________________________________________________________

Lender pulls plug on major Lloyd District redevelopment, demands $36 million

In another sign that Portland’s long real estate and construction boom is slowing, an ambitious plan to build more than 1,100 apartment units in the Lloyd District has quietly died.

www.oregonlive.com/business/2019/12/lender-pulls-plug-on-major-lloyd-district-redevelopment-demands-36-million.html

______________________________________________________________________________________________________________

It’s a home seller’s market as King County sees ‘November surprise’; check out what’s happening in your area

The median sale price in Seattle dipped slightly, by 3.3%, from last November to $735,000. At the top of the market, it was another matter, though.

www.seattletimes.com/subscribe/signup-offers/?pw=redirect&subsource=paywall&return=https://www.seattletimes.com/business/real-estate/king-county-once-again-a-sellers-market-as-inventory-tightens-in-november-surprise/

______________________________________________________________________________________________________________

Born and Raised: The Parts of America With the Most Natives

Why do some counties have vastly more native-born residents than others?

www.governing.com/gov-data/census/native-homegrown-residents-by-county.html

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These are the cities where Redfin and Zillow are directly buying and selling the most homes

The so-called “iBuyer” movement is still young, but a new report sheds light on its growing impact on real estate.

www.geekwire.com/2019/cities-redfin-zillow-directly-buying-selling-homes/

______________________________________________________________________________________________________________

Housing cooldown poses ‘1st serious test’ for new Redfin and Zillow direct home-buying programs

Redfin and Zillow will face the “first serious test” of their new direct home sales operations in the midst of a slowing real estate market.

www.geekwire.com/2018/housing-cooldown-poses-1st-serious-test-new-redfin-zillow-direct-home-buying-programs/

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Seattle startup Flyhomes is expanding to Boston, Portland and L.A. to help home-buyers compete with cash offers

Flyhomes, the Seattle real estate startup that helps people buy houses in expensive cities, is expanding to a trio of new markets.

www.geekwire.com/2019/seattle-startup-flyhomes-expanding-boston-portland-l-help-home-buyers-compete-cash-offers/

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Apartments for rent in Portland: What will $2,400 get you?

Curious just how far your dollar goes in Portland?

hoodline.com/2019/12/apartments-for-rent-in-portland-what-will-2-400-get-you-1576038958

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Seattle ranked 7th nationally in urban sustainability

Seattle officials love touting how green and sustainable and sustainably green the city has become, so it’s apt to check in once and while on how all that’s going.

mynorthwest.com/1630720/study-seattle-urban-sustainability/

______________________________________________________________________________________________________________

Seattle Aquarium plans $113 million pavilion with sharks, sting rays for new waterfront promenade

Aquarium leaders say the addition is needed to accommodate hundreds of thousands more visitors each year and to educate them about human- and climate-related threats to waters across the globe, such as the super biodiverse Coral Triangle near Indonesia.

www.seattletimes.com/seattle-news/politics/seattle-aquarium-plans-113-million-pavilion-with-sharks-sting-rays-to-anchor-new-waterfront-promenade/

______________________________________________________________________________________________________________

The 2010s changed how you shop for homes. Will the 2020s change the way you buy them?

If you were shopping for a home at the beginning of the 2010s, the experience most likely revolved around one person: the realtor.

www.curbed.com/2019/12/9/20991628/2010s-real-estate-trends-zillow-redfin-ibuyers-opendoor

______________________________________________________________________________________________________________

Locations Close to Public Transit Boost Residential, Commercial Real Estate Values

New Joint APTA and NAR Study Examines the Relationship between Real Estate Value and Public Transportation in Seven U.S. Metropolitan Regions

www.nar.realtor/newsroom/locations-close-to-public-transit-boost-residential-commercial-real-estate-values

______________________________________________________________________________________________________________

The 3 Celebrity Homes From 2019 That You Absolutely Must See

Yes, a home theater is cool, and we’d love a cabana next to our Olympic-size pool in the backyard, but we’re a bit jaded. If you’ve seen one glassed-in wine storage wall, you’ve seen ’em all. However, there are always a few celeb abodes that stand apart from the rest.

www.realtor.com/news/celebrity-real-estate/3-must-see-2019-celebrity-homes/?link=TD_mansionglobal_new_mansion_global.11147f181987fd93&utm_source=mansionglobal_new_mansion_global.11147f181987fd93&utm_campaign=circular&utm_medium=MOVE

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______________________________________________________________________________________________________________

______________________________________________________________________________________________________________

Market Hotness Index

Metro Hotness – Zip Code and County Hotness

www.realtor.com/research/reports/hottest-markets/

______________________________________________________________________________________________________________

HOUSING STATISTICS

Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.

www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311

______________________________________________________________________________________________________________

Economic Indicators

U.S. Census Bureau Economic Indicators

www.census.gov/economic-indicators/

______________________________________________________________________________________________________________

CoreLogic Home Price Insights

The most geographically comprehensive and current home price index.

www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl

______________________________________________________________________________________________________________

Bureau of Economic Analysis

U.S. Economy at a Glance

www.bea.gov/index.htm

______________________________________________________________________________________________________________

U.S. Housing Market Tracker

The U.S. housing market has struggled to find equilibrium after the bubble of the past decade. Here’s a look at where various gauges of supply and demand stand today.

graphics.wsj.com/us-housing-market/

______________________________________________________________________________________________________________

Mortgage Market Survey Archive

Compilation of Weekly Survey Data for 2015

www.freddiemac.com/pmms/archive.html

______________________________________________________________________________________________________________

Housing Economics

NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

www.nahb.org/en/research/housing-economics.aspx

______________________________________________________________________________________________________________

Current Links to Real Estate News

 

 

 

 

“Unity is strength. . . when there is teamwork and collaboration,
wonderful things can be achieved.”
–Mattie Stepanek
__________________________
____________________________________________________________________________________
______________________________________________________________________________________________________________
It’s a seller’s market in King
County as inventory tightens
After seeing new data from the Northwest Multiple Listing
Service, those prognosticators may be eating their hats.
www.nationalmortgagenews.com/articles/its-a-sellers-market-in-king-county-as-inventory-tightens?feed=0000015a-6289-d4b3-ab5e-7afb5c360000
______________________________________________________________________________________________________________
Change to Real Estate Excise
Tax Might Be Affecting
Investment in Seattle
CoStar Insight: Multifamily, Office Sales Volume at Record
Levels in the Region in 2019
www.costar.com/article/560639902/change-to-real-estate-excise-tax-might-be-affecting-investment-in%C2%A0seattle
______________________________________________________________________________________________________________
Home Price Appreciation
Continued in September
Compared to last month, national home prices rose at a faster
annual growth rate in September. Seattle reported the highest
gain while three metro areas (San Francisco, Chicago and
Boston) experienced home price declines in September.

Home Price Appreciation Continued in September


______________________________________________________________________________________________________________
S&P CoreLogic Case-Shiller
Seattle Home Price NSA Index
The S&P CoreLogic Case-Shiller Seattle Home Price NSA Index
measures the average change in value of residential real estate
in Seattle given a constant level of quality.
us.spindices.com/indices/real-estate/sp-corelogic-case-shiller-seattle-home-price-nsa-index
______________________________________________________________________________________________________________
S&P CoreLogic Case-Shiller
Portland Home Price NSA Index
The S&P CoreLogic Case-Shiller Portland Home Price NSA
Index measures the average change in value of residential real
estate in Portland given a constant level of quality.
us.spindices.com/indices/real-estate/sp-corelogic-case-shiller-portland-home-price-nsa-index
______________________________________________________________________________________________________________
Mortgage rates hold steady at
3.68%
U.S. long-term mortgage rates held steady this week amid
mixed signs in the housing market. Rates remain at historically
low levels as a lure to prospective homebuyers.
www.djc.com/news/re/12127771.html
______________________________________________________________________________________________________________
Experts offer insight into U.S.
real estate investment markets
Rockwood has identified Austin, Texas as well as Portland,
Denver and San Diego as having similar dynamics as gateway
markets, including a highly educated workforce, innovation
clusters, well-funded research institutes, some constraint on
supply and a high quality of life.

Experts offer insight into U.S. real estate investment markets


______________________________________________________________________________________________________________
FBI: Cybercrimes on the Rise
Because of Sophisticated
Scams
A week later, the title company called, advising him it was time
to send money. The Oregon man suddenly realized he had given
away his family’s life savings to criminals. The money was from
the sale of their former house.
news.wttw.com/2019/11/11/fbi-cybercrimes-rise-because-sophisticated-scams
______________________________________________________________________________________________________________
Lender pulls plug on major
Lloyd District redevelopment,
demands $36 million
In another sign that Portland’s long real estate and construction
boom is slowing, an ambitious plan to build more than 1,100
apartment units in the Lloyd District has quietly died.
www.oregonlive.com/business/2019/12/lender-pulls-plug-on-major-lloyd-district-redevelopment-demands-36-million.html
______________________________________________________________________________________________________________
It’s a home seller’s market as
King County sees ‘November
surprise’; check out what’s
happening in your area

The median sale price in Seattle dipped slightly, by 3.3%, from
last November to $735,000. At the top of the market, it was
another matter, though.
www.seattletimes.com/subscribe/signup-offers/?pw=redirect&subsource=paywall&return=https://www.seattletimes.com/business/real-estate/king-county-once-again-a-sellers-market-as-inventory-tightens-in-november-surprise/
______________________________________________________________________________________________________________
Redfin Unveils the Most
Bikeable U.S. Cities of 2020
Minneapolis, Portland and Chicago are the most bikeable cities
in the U.S. for the second year in a row, according to a new
ranking from Redfin (www.redfin.com), the technology-
powered real estate brokerage.
www.union-bulletin.com/news/state/redfin-unveils-the-most-bikeable-u-s-cities-of/article_169f82b4-4e95-53c5-a47f-9cfc079cf577.html
______________________________________________________________________________________________________________
Californians are fleeing to
Seattle, but what does $700K
get you there?
The better part of 1 million Californians left the state last year,
heading — they hope — for cheaper housing. Washington is the
third-most popular state for California emigration, and it’s very
possible the U-Haul in front of your neighbor’s house is headed
for Seattle.
www.mysanantonio.com/realestate/article/Californians-vs-Seattle-real-estate-14873210.php
__________________________________________________________________________________________________________
Seattle’s Microhousing Market
Maintains Exceptionally Strong
Fundamentals
“Seattle’s residents have spoken, and they see microhousing as
viable housing that offers them an affordable option to live in
the best neighborhoods in our city,”

Seattle’s Microhousing Market Maintains Exceptionally Strong Fundamentals


______________________________________________________________________________________________________________
Don’t Panic and Turn the Home
You Can’t Sell Into a Rental
In the U.S., it’s best to wait out the soft luxury market and sell,
not lease
www.mansionglobal.com/articles/dont-panic-and-turn-the-home-you-cant-sell-into-a-rental-209766
______________________________________________________________________________________________________________
De Beers Diamond Heiress’s
Futuristic Washington State
Home Sees Huge Price Cut
Built in 2005, this two-story circular-shaped home was modeled
after New York’s Guggenheim Museum
www.mansionglobal.com/articles/de-beers-diamond-heiresss-futuristic-washington-state-home-sees-huge-price-cut-210033
______________________________________________________________________________________________________________
Video Should Be Part of Luxury
Home Sellers’ Marketing
Strategy
Including well-produced video in listings captures the attention
of more buyers, especially millennials
www.mansionglobal.com/articles/video-should-be-part-of-luxury-home-sellers-marketing-strategy-209946
______________________________________________________________________________________________________________
Supply woes hit pending home
sales
Americans signed fewer contracts to purchase homes in
October, as would-be buyers struggled to find available
properties.
www.djc.com/news/re/12127604.html
______________________________________________________________________________________________________________
Seattle ranks 4th in US with
most high-rise apartments in
last decade, study finds
More and more high-rise buildings are popping up in Seattle as
the city falls in line with the national trend of building up.
komonews.com/news/local/seattle-ranks-4th-with-most-new-high-rise-apartments-in-last-decade-study-find
______________________________________________________________________________________________________________
Millennial Housing Demand and
Regional Building Trends: 3Q19
HBGI
Supply and resulting affordability challenges for millennials
were highlighted in the most recent NAHB Home Building
Geography Index (HBGI). The third quarter HBGI also offers
more region-specific insights of single- and multifamily home
building trends, including their connections to millennial-
intensive areas.

Millennial Housing Demand and Regional Building Trends: 3Q19 HBGI


______________________________________________________________________________________________________________
__________________________________________________
______________________________________________________________________________________________________________
Market Hotness Index
Metro Hotness – Zip Code and County Hotness

Market Hotness Index


___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials),
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl
_________________________________________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
www.bea.gov/index.htm
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.
graphics.wsj.com/us-housing-market/
______________________________________________________________________________________________________________
Mortgage Market Survey Archive
Compilation of Weekly Survey Data for 2018
www.freddiemac.com/pmms/archive.html
_________________________________________________________________________________________ ____________________o

“Action has meaning only in relationship, and without understanding relationship, action on any level will only breed conflict. The understanding of relationship is infinitely more important than the search for any plan of action.”

― Jiddu Krishnamurti

“In the province of the mind what one believes to be true, either is true or becomes true within certain limits…”

― John C. Lilly

__________________________

The Property Brothers Reveal That Secret Something That Gives a Home Charm

The brothers have a big budget: $110,000 to update the living space, mudroom, and in-law Maryann’s space. Here’s how the Scott brothers put that cash to good use—and the lessons we can all learn along the way.

www.realtor.com/advice/home-improvement/property-brothers-reveal-how-to-give-a-home-charm/?link=TD_mansionglobal_new_mansion_global.11147f181987fd93&utm_source=mansionglobal_new_mansion_global.11147f181987fd93&utm_campaign=circular&utm_medium=MOVE

______________________________________________________________________________________________________________

Sparse supply spurring more competition among motivated home buyers in Western Washington

“People are moving here, home prices will continue to increase, inventory shortages will occur. That’s our future,”

www.northwestmls.com/News–Information/page/Latest-Press-Release

NWMLS Monthly Market Snapshot Infographic

www.northwestmls.com/News–Information/page/Market-Activity-Snapshot

______________________________________________________________________________________________________________

How much space will $1,500 get you in Seattle compared to 5 years ago?

The analysis, from PropertyClub, found $1,500 will get Seattle renters just 437 square feet, 113 square feet less than the same amount would have in 2014.

komonews.com/news/local/how-much-space-will-1500-get-you-in-seattle-compared-to-5-years-ago

______________________________________________________________________________________________________________

Portland considers building a subway for downtown

City planners are considering a subway tunnel connecting downtown with the area across the Willamette River

www.curbed.com/2017/6/16/15815712/portland-subway-downtown-light-rail-max

______________________________________________________________________________________________________________

Deconstructing Portland

The group Stop Demolishing Portland keeps a close eye on historic properties—they protest, create petitions, and rally together to fight developers who try to sidestep the 120-day waiting period required for demolition permits for historic homes.

www.curbed.com/2016/10/13/13193952/portland-craftsman-houses-preservation-deconstruction

__________________________________________________________________________________________________________

FTC says people lured by real-estate secrets left in ruin

The Federal Trade Commission has sued a company accused of using house-flipping TV celebrities to lure people into spending thousands on expensive training workshops that purported to share lucrative secrets but instead left many in financial ruin.

www.seattletimes.com/business/ftc-says-people-lured-by-real-estate-secrets-left-in-ruin/

______________________________________________________________________________________________________________

Pacific North Best: Why It’s Raining Dollars in Seattle

“Seattle has become, I would say, a top-five market,” Christopher Moyer, a managing director at Cushman & Wakefield, said. “A lot of investors are targeting it at this point, and it’s become much easier to explain the dynamics of the local market to them.”

Pacific North Best: Why It’s Raining Dollars in Seattle

______________________________________________________________________________________________________________

15 Essential Books To Read Before Starting In Real Estate

The real estate market can a difficult industry to get going in successfully, especially when you’re first starting out. Having a better understanding of what’s important to focus on can mean the difference between making a savvy investment and buying a headache, and one of the best ways to develop the skills you need is to read about the experiences or study the advice of those who came before you.

www.forbes.com/sites/forbesrealestatecouncil/2019/11/04/15-essential-books-to-read-before-starting-in-real-estate/#110188e72c02

______________________________________________________________________________________________________________

Facebook lands another huge office lease in Bellevue as part of Seattle-area expansion

The social media giant just inked another big lease in the region. This time it’s Block 6, a building in Bellevue’s Spring District, the new development just east of downtown Seattle where Facebook already has leases for two separate buildings still under construction.

www.geekwire.com/2019/facebook-lands-another-huge-office-lease-bellevue-part-seattle-area-expansion/

______________________________________________________________________________________________________________

Homeowners staying put longer: What it means for the real estate market

Homeowners in the U.S. are increasingly staying in their current homes and not moving into new ones, limiting the number of homes available to new buyers.

www.foxbusiness.com/real-estate/home-sales-owners-stay-longer-market

______________________________________________________________________________________________________________

Real Estate Sales in the San Juan Islands: October 1-31 Ten sales of more than $1 million

Real estate transactions in the San Juan Islands in October 2019 included 10 of more than $1 million. Six were on San Juan Island, three on Orcas Island and one on Lopez Island.

sanjuanislander.com/news-articles/business-and-economy/30043/real-estate-sales-in-the-san-juan-islands-october-1-31-ten-sales-of-more-than-1-million

______________________________________________________________________________________________________________

Winemaker’s paradise: 10 Oregon homes for sale with a vineyard starting at $395,000

In this week’s real estate gallery, we look at properties for sale that have a residence and vineyard. Some even have a wine cellar in which to store your exclusive wine at the proper temperature.

www.oregonlive.com/life-and-culture/g66l-2019/11/838c4b11865512/winemakers-paradise-10-oregon-homes-for-sale-with-a-vineyard-starting-at-395000.html

______________________________________________________________________________________________________________

Lower Mortgage Rates Push Housing Affordability to Highest Level in Three Years

With mortgage rates at a three-year low and a healthy job market, housing affordability rose to its highest level in three years in the third quarter of 2019, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI).

Lower Mortgage Rates Push Housing Affordability to Highest Level in Three Years

______________________________________________________________________________________________________________

Top Bathroom Features Among Millennial Home Buyers

The most wanted bathroom feature among Millennial home buyers is ‘both a shower stall & tub in the master bath’

Top Bathroom Features Among Millennial Home Buyers

______________________________________________________________________________________________________________

55+ Housing Market Ticks Back Up to Record High

Builder and developer confidence in the 55+ housing market strengthened in the third quarter of 2019, as reflected by the single-family 55+ housing market index

55+ Housing Market Ticks Back Up to Record High

______________________________________________________________________________________________________________

Home Prices Increased in August

National home prices increased modestly in August. New York and Las Vegas experienced price declines while Phoenix led the way with a 9.1% annual growth rate in August.

Home Prices Increased in August

______________________________________________________________________________________________________________

Homeownership Rate Bounces Back

The rate reached a cycle low of 62.9% in the second quarter 2016. Compared to the peak of 69.2% by the end of 2004, the homeownership rate is still 4.4 percentage points lower and remains below the 25-year average rate of 66.3%

Homeownership Rate Bounces Back

______________________________________________________________________________________________________________

Get Thanksgiving Holiday Prep Started Early

Get Thanksgiving Holiday Prep Started Early

Get Thanksgiving Holiday Prep Started Early

______________________________________________________________________________________________________________

Market Hotness Index

Metro Hotness – Zip Code and County Hotness

Market Hotness Index

______________________________________________________________________________________________________________

HOUSING STATISTICS

Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.

www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311

______________________________________________________________________________________________________________

Economic Indicators

U.S. Census Bureau Economic Indicators

www.census.gov/economic-indicators/

______________________________________________________________________________________________________________

CoreLogic Home Price Insights

The most geographically comprehensive and current home price index.

www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl

______________________________________________________________________________________________________________

Bureau of Economic Analysis

U.S. Economy at a Glance

www.bea.gov/index.htm

______________________________________________________________________________________________________________

U.S. Housing Market Tracker

The U.S. housing market has struggled to find equilibrium after the bubble of the past decade. Here’s a look at where various gauges of supply and demand stand today.

graphics.wsj.com/us-housing-market/

______________________________________________________________________________________________________________

Mortgage Market Survey Archive

Compilation of Weekly Survey Data for 2015

www.freddiemac.com/pmms/archive.html

______________________________________________________________________________________________________________

Housing Economics

NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

www.nahb.org/en/research/housing-economics.aspx

______________________________________________________

Here’s why home prices keep going up — and what we can do about it

Homebuyers are feeling the pinch. With home prices rising across the board, almost everywhere across the United States, many potential buyers are shying away from seeking a mortgage.

www.marketwatch.com/story/heres-why-home-prices-keep-going-up-and-what-we-can-do-about-it-2019-11-01

______________________________________________________________________________________________________________

S&P/Case-Shiller WA-Seattle Home Price Index

S&P Dow Jones Indices LLC, S&P/Case-Shiller WA-Seattle Home Price Index [SEXRNSA], retrieved from FRED, Federal Reserve Bank of St. Louis; fred.stlouisfed.org/series/SEXRNSA, November 1, 2019.

fred.stlouisfed.org/series/SEXRNSA

______________________________________________________________________________________________________________

S&P/Case-Shiller OR-Portland Home Price Index

S&P Dow Jones Indices LLC, S&P/Case-Shiller OR-Portland Home Price Index [POXRSA], retrieved from FRED, Federal Reserve Bank of St. Louis; fred.stlouisfed.org/series/POXRSA, November 1, 2019.

fred.stlouisfed.org/series/POXRSA

______________________________________________________________________________________________________________

S&P/Case-Shiller 20-City Composite Home Price Index

Oct 29, 2019

fred.stlouisfed.org/series/SPCS20RSA

______________________________________________________________________________________________________________

Is a Recession Coming? What the Market Is Telling Us

Economic cycles point to a recession

www.fool.com/millionacres/real-estate-market/articles/recession-coming-what-market-telling-us/

______________________________________________________________________________________________________________

Are iBuyers Opening the Door to Squatters?

A Chandler, Ariz., couple has been arrested after police say they found them and their two children living in a vacant home owned by the iBuying firm Opendoor. Police were alerted after a potential buyer visited to tour the property and reported finding people who appeared to be living inside.

magazine.realtor/daily-news/2019/09/12/are-ibuyers-opening-the-door-to-squatters

______________________________________________________________________________________________________________

30-Year Mortgage Rate Edges Up in October

For the first time since November of last year, information compiled by Freddie Mac shows that mortgage rates increased slightly. As of end of October 2019, the 30-year FRM – Commitment rate, increased by eight basis points to 3.69 percent from 3.61 percent in September. The cycle peak was 4.87 percent in November.

30-Year Mortgage Rate Edges Up in October

______________________________________________________________________________________________________________

Rapid growth in jobs and office rents puts Seattle among leaders in top 30 tech markets

CBRE’s annual Tech-30 report, which measures the tech industry’s impact on North American office real estate markets, shows Seattle is the sixth fastest growing tech market in overall office rent growth

www.geekwire.com/2019/rapid-growth-jobs-office-rents-puts-seattle-among-leaders-top-30-tech-markets/

______________________________________________________________________________________________________________

Amazon Now Has 750,000 Employees After Third Quarter Hiring Binge

Amazon Now Has 750,000 Employees After Third Quarter Hiring Binge

www.inc.com/minda-zetlin/amazon-750000-employees-hiring.html

______________________________________________________________________________________________________________

Why You Need to Study This Google Formula to Win Customers and Grow Your Business

No matter what kind of company you are–tech startup or food truck–Google’s acronym should guide you.

www.inc.com/magazine/201911/thomas-goetz/eat-expertise-authoritativeness-trustworthiness-google-ranking-seo.html?icid=hmsub4

______________________________________________________________________________________________________________

Hoping to buy a cheaper home or sell at a higher price? Here are cities where prices could shift

Pricey housing markets like New York City and Los Angeles seem poised to cool down over the next couple of years while more affordable metro areas like Miami and San Antonio could heat up, according to an analysis by research firm Natixis.

www.usatoday.com/story/money/2019/10/24/homes-sale-where-housing-becoming-scarcer-more-available/4080158002/

______________________________________________________________________________________________________________

Be upfront about real estate commissions, report urges agents

A new study by the Consumer Federation of America calls on real estate agents to be more transparent about the commissions they charge. The study concludes that agents and real estate companies make it difficult for consumers to learn commission rates.

www.dispatch.com/business/20191030/be-upfront-about-real-estate-commissions-report-urges-agents

______________________________________________________________________________________________________________

When it comes to real-estate commissions, more cities should be consumer-friendly like Seattle

SEATTLE Home sellers and buyers largely don’t know how real-estate commissions work, and brokers aren’t in a hurry to help them learn.

www.seattletimes.com/business/real-estate/report-when-it-comes-to-real-estate-commissions-more-cities-should-be-consumer-friendly-like-seattle/

Other article:

www.sun-sentinel.com/sns-tns-bc-real-estate-commissions-20191031-story.html

______________________________________________________________________________________________________________

Real estate brokers ‘purposely’ hide commissions: study

Realtors “purposely hide” their commission rates and the lack of transparency has stunted price competition, a consumer watchdog agency alleged in a new study.

finance.yahoo.com/news/real-estate-brokers-purposely-hide-commissions-consumer-federation-of-america-study-191043651.html

______________________________________________________________________________________________________________

The Best Places For Business And Careers 2019: Seattle Still On Top

In Amazon.com’s fiercely competitive search for a second headquarters last year, Seattle—the company’s original home—turned out to be the true victor.

www.forbes.com/sites/samanthasharf/2019/10/30/the-best-places-for-business-and-careers-2019-seattle-still-on-top/#4aa797e053df

______________________________________________________________________________________________________________

Seattle-area home-price trends are driven by this hot, hot city. Hint: It’s not Seattle.

After three straight months of negative growth, home prices around Seattle are on the upswing again.

www.seattletimes.com/business/real-estate/seattle-area-home-price-trends-are-driven-by-this-hot-hot-city-hint-its-not-seattle/

__________________________________________________________________________________________________________

Your home may not be a mansion, but you may still pay a ‘mansion tax’

An explainer on real estate tax changes

www.ksat.com/consumer/your-home-may-not-be-a-mansion-but-you-may-still-pay-a-mansion-tax

______________________________________________________________________________________________________________

The 50 Portland places on top of the real estate market

Specifically, the ZIP code 97229, also known as Northwest Heights/Cedar Mill/Bethany, was on top of the Portland Business Journal’s heat index, measuring real estate activity across the metro area.

www.bizjournals.com/portland/news/2019/10/25/hottest-hoods-the-50-portland-places-on-top-of-the.html

______________________________________________________________________________________________________________

Market Hotness Index

Metro Hotness – Zip Code and County Hotness

Market Hotness Index

______________________________________________________________________________________________________________

HOUSING STATISTICS

Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.

www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311

______________________________________________________________________________________________________________

Economic Indicators

U.S. Census Bureau Economic Indicators

www.census.gov/economic-indicators/

______________________________________________________________________________________________________________

CoreLogic Home Price Insights

The most geographically comprehensive and current home price index.

www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl

______________________________________________________________________________________________________________

Bureau of Economic Analysis

U.S. Economy at a Glance

www.bea.gov/index.htm

______________________________________________________________________________________________________________

U.S. Housing Market Tracker

The U.S. housing market has struggled to find equilibrium after the bubble of the past decade. Here’s a look at where various gauges of supply and demand stand today.

graphics.wsj.com/us-housing-market/

______________________________________________________________________________________________________________

Mortgage Market Survey Archive

Compilation of Weekly Survey Data for 2015

www.freddiemac.com/pmms/archive.html

______________________________________________________________________________________________________________

Housing Economics

NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

www.nahb.org/en/research/housing-economics.aspx

“How beautifully leaves grow old. How full of light and color are

their last days.”

– John Burrows

“I was drinking in the surroundings: air so crisp you could snap it with your fingers and greens in every lush shade imaginable offset by autumnal flashes of red and yellow.”

― Wendy Delsol

______________________________________________________________________________________________________________

Residential, Commercial Properties Close to Public Transit Enjoy Increase Values

According to a new report by the American Public Transportation Association and the National Association of Realtors, neighborhoods located within a half mile of public transit services outperformed those in areas farther from public transit based on a number of factors.

www.worldpropertyjournal.com/real-estate-news/united-states/seattle/real-estate-news-american-public-transportation-association-national-association-of-realtors-the-real-estate-mantra-locate-near-public-transportation-report-11632.php

______________________________________________________________________________________________________________

Rising Financial Wealth Boosts Demand for Vacation Homes

Between 2013 to 2018, the median sales price in vacation home counties increased at a slightly higher pace of 36% compared to the pace of increase of all existing and new homes sold,1 at 31%

www.nar.realtor/newsroom/rising-financial-wealth-boosts-demand-for-vacation-homes

______________________________________________________________________________________________________________

Four Reasons Now Is The Time To Invest In Rental Property Ownership

There have been very few times in history when we’ve seen 30-year fixed mortgage rates hovering around 3.7% and 15-year mortgage rates slightly above 3%. This makes the math of buying a rental property as a long-term investment very much in your favor.

www.forbes.com/sites/forbesrealestatecouncil/2019/10/15/four-reasons-now-is-the-time-to-invest-in-rental-property-ownership/#5873db9c1e78

______________________________________________________________________________________________________________

Washington AG lawsuit shuts down company accused of preying on homeowners

A lawsuit filed by Washington State Attorney General Bob Ferguson is forcing a company accused of preying on homeowners facing foreclosure to dissolve.

www.king5.com/article/news/local/real-estate-investment-network-llc-out-of-business/281-e12fa5c2-0ed0-48af-bf8d-c010b2291017

______________________________________________________________________________________________________________

Seattle’s first Opportunity Zone development breaks ground in Pioneer Square

The Opportunity Zones program was marketed as a way to help poor communities by offering major capital-gains tax breaks for investors to park their cash in 8,000 designated low-income census tracts.

www.seattletimes.com/business/real-estate/seattles-first-opportunity-zone-development-breaks-ground-in-pioneer-square/

______________________________________________________________________________________________________________

Fall real estate may bring big openings for Seattle buyers, experts say

Opportunity is the buzz word for many Washington real estate experts at the moment.

komonews.com/news/local/fall-real-estate-may-bring-big-openings-for-seattle-buyers-experts-say

______________________________________________________________________________________________________________

Portland area sees home sales bump in September

Portland-area home sales jumped in September compared with a year ago, bringing a jolt to the housing market during the waning months of a slow year.

www.oregonlive.com/business/2019/10/portland-area-sees-home-sales-bump-in-september.html

______________________________________________________________________________________________________________

Lessons From Listing Photos: A Portland Home Goes Modern, Nearly Triples in Value

The home is tucked among the trees, but all that gorgeous foliage doesn’t mean a thing when the inside of the house is cramped and stuck in the 1960s.

www.mysanantonio.com/realestate/article/Lessons-From-Listing-Photos-A-Portland-Home-Goes-14503186.php

______________________________________________________________________________________________________________

HOUSING MARKET 2020: They may be rich, but Portland’s priciest neighborhoods are taking it on the chin

The U.S. housing market rebounded in August with a surge in existing home sales and building permits to add new inventory. Too bad the acceleration stopped just short of America’s wealthiest neighborhoods.

www.bizjournals.com/portland/news/2019/10/02/housing-market-2020-they-may-be-rich-but-portlands.html

______________________________________________________________________________________________________________

Report spotlights how some owners of high-end Seattle condos conceal their identities

To live in a condominium at 99 Union Street is to live in an “estate in the sky,” listings there advertise. Managed by Four Seasons, which runs a hotel in the lower 10 floors of the 21-story high-rise, the building is billed as an exclusive vertical neighborhood for the monied classes.

www.seattletimes.com/business/real-estate/report-spotlights-how-some-owners-of-high-end-seattle-condos-conceal-their-identities/

______________________________________________________________________________________________________________

Seattle Times Not Sure If Seattle’s Secretive but Booming Million-Dollar Condo Market Has Had an Impact on the City’s Economy

The Seattle Times, article “Report spotlights how some owners of high-end Seattle condos conceal their identities,” makes a muddle of these two points.

www.thestranger.com/slog/2019/10/17/41707804/the-seattle-times-is-not-sure-that-the-million-dollar-condo-market-has-had-an-impact-seattles-real-estate-market-as-whole

______________________________________________________________________________________________________________

High Credit Scores Mean Low Interest Rates and Vice Versa

It’s fall, and that means home sales are slowing down — except where Seattle-area buyers can get more house for less money.

www.forbes.com/sites/markgreene/2019/10/18/your-credit-score-and-your-interest-rate/#48c40f773746

______________________________________________________________________________________________________________

Mortgage rates rise sharply on positive developments surrounding Brexit and China

A potential Brexit deal as well as progress in the trade talks with China caused a sharp rise in mortgage rates this week, continuing a volatile period for home loan rates.

www.washingtonpost.com/business/2019/10/17/mortgage-rates-rise-sharply-positive-developments-surrounding-brexit-china/

______________________________________________________________________________________________________________

Proceed With Caution When Relisting Your Luxury Home For a Higher Price

The lavish Beverly Hills, Los Angeles, mega-mansion known as Opus hit the market in 2017, complete with a racy promotional video designed to titillate potential buyers and the media. Its initial asking price was $100 million.

www.mansionglobal.com/articles/proceed-with-caution-when-relisting-your-luxury-home-for-a-higher-price-208308

______________________________________________________________________________________________________________

Frank Lloyd Wright’s Iconic Ennis House Sells for $18 Million

Frank Lloyd Wright’s iconic Ennis House, which billionaire businessman Ron Burkle spent years restoring, has been sold fully furnished for $18 million, the most ever paid for a home designed by the famed 20th-century architect.

www.mansionglobal.com/articles/frank-lloyd-wrights-iconic-ennis-house-sells-for-18-million-208367

__________________________________________________________________________________________________________

Builder Confidence Hits 20-Month High

Builder confidence in the market for newly-built single-family homes rose three points to 71 in October, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Sentiment levels are at their highest point since February 2018 and have risen 13 points since the start of 2019.

Builder Confidence Hits 20-Month High

______________________________________________________________________________________________________________

5 Things to Do to Your Grass This Fall

By the time fall comes along, and you’ve tended to your grass every single week, pleasant springtime memories of fresh-mown grass smell have long passed. Still, you must get the yard grass ready for winter, especially if you’re planning to put the house up for sale next spring.

5 Things to Do to Your Grass This Fall

______________________________________________________________________________________________________________

A Generation Ready to Invest in a Lifestyle

One of the largest homebuyer-pools is composed of baby boomers – a generation spanning from 1946 to 1964, mostly made up of empty nesters and many retirees. This generation makes up a group of the most astute buyers in the market, and when it comes to new construction homes, they highly value three distinct features when making a home-buying decision:

A Generation Ready to Invest in a Lifestyle

______________________________________________________________________________________________________________

Market Hotness Index

Metro Hotness – Zip Code and County Hotness

Market Hotness Index

______________________________________________________________________________________________________________

HOUSING STATISTICS

Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.

www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311

______________________________________________________________________________________________________________

Economic Indicators

U.S. Census Bureau Economic Indicators

www.census.gov/economic-indicators/

______________________________________________________________________________________________________________

CoreLogic Home Price Insights

The most geographically comprehensive and current home price index.

www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl

______________________________________________________________________________________________________________

Bureau of Economic Analysis

U.S. Economy at a Glance

www.bea.gov/index.htm

______________________________________________________________________________________________________________

U.S. Housing Market Tracker

The U.S. housing market has struggled to find equilibrium after the bubble of the past decade. Here’s a look at where various gauges of supply and demand stand today.

graphics.wsj.com/us-housing-market/

______________________________________________________________________________________________________________

Mortgage Market Survey Archive

Compilation of Weekly Survey Data for 2015

www.freddiemac.com/pmms/archive.html

______________________________________________________________________________________________________________

Housing Economics

NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

www.nahb.org/en/research/housing-economics.aspx

______________________________________________________________________________________________________________
‘Queen of real estate’ Wendy
Lister dies at 83
Luxury real estate broker Wendy Lister, 83, died peacefully in
the early morning hours Tuesday with her family at her side.
www.bizjournals.com/seattle/news/2019/10/03/real-estate-wendy-lister-dies-coldwell-banker-bain.html
______________________________________________________________________________________________________________
Paul Allen’s Beverly Hills
returns to the market with $40M
price cut
Back on the market for $110M, a 120-acre parcel owned by the
late co-founder of Microsoft, Paul Allen, is discounted from last
year’s price of $150M.
www.seattlepi.com/realestate/article/Paul-Allen-s-110M-Enchanted-Hill-in-Beverly-14509847.php
______________________________________________________________________________________________________________
No. 1 ranked Coldwell Banker
affiliate buys Bend real estate
company
Coldwell Banker Morris Real Estate of Bend was sold last
month to Coldwell Banker Bain, a brokerage based in Bellevue,
Washington. Details of the sale were not released.
www.bendbulletin.com/business/7484067-151/no-1-ranked-coldwell-banker-affiliate-buys-bend
______________________________________________________________________________________________________________
Apartments for rent in Seattle:
What will $2,900 get you?
We’ve rounded up the latest places for rent via rental sites
Zumper and Apartment Guide to get a sense of what to expect
when it comes to finding apartment rentals in Seattle if you
don’t want to spend more than $2,900/month on rent.
www.seattlepi.com/news/article/Apartments-for-rent-in-Seattle-What-will-2-900-14499541.php
______________________________________________________________________________________________________________
These are the best real estate
prospects of 2020
#10. Seattle
www.foxbusiness.com/markets/best-markets-2020
______________________________________________________________________________________________________________
Emerging Trends in Real Estate®
“Right now, the real estate markets are positive. Cities that have
invested in
significant infrastructure can move the needle in terms of
returns.”

Click to access ET2020FallMeeting.pdf


______________________________________________________________________________________________________________
Where Tech Tycoons Live
Outside Seattle
On the eastern shore of Lake Washington, Medina is a sleepy
residential enclave across the water from Seattle. It was
incorporated in 1955. At first glance, the roughly 1.4-square-
mile city of about 3,000 people is decidedly unassuming.
www.wsj.com/articles/where-tech-tycoons-live-outside-seattle-11570550940
______________________________________________________________________________________________________________
Lessons From Listing Photos: A
Portland Home Goes Modern,
Nearly Triples in Value
The home is tucked among the trees, but all that gorgeous
foliage doesn’t mean a thing when the inside of the house is
cramped and stuck in the 1960s.
www.mysanantonio.com/realestate/article/Lessons-From-Listing-Photos-A-Portland-Home-Goes-14503186.php
______________________________________________________________________________________________________________
Pierce County home prices up 9
percent from 2018. Gig Harbor
has highest local rents
The Seattle real estate ripple effect continues for Tacoma.
www.thenewstribune.com/news/business/real-estate-news/article235887472.html
______________________________________________________________________________________________________________
Sales slow for pricey homes in
Seattle area, but some spots
sizzling; see what’s happening
near you
It’s fall, and that means home sales are slowing down — except
where Seattle-area buyers can get more house for less money.
www.seattletimes.com/business/real-estate/sales-slow-for-pricey-homes-in-the-seattle-area-but-modestly-priced-houses-are-still-hot/
______________________________________________________________________________________________________________
New Expedia Seattle HQ
welcomes first new employees
It’s moving day for scores of Expedia employees who are
making their inaugural commute to work in Seattle as opposed
to Bellevue.
komonews.com/news/local/new-expedia-seattle-hq-welcomes-first-new-employees
______________________________________________________________________________________________________________
Untouched Midcentury Modern
Gem in Palo Alto Snapped Up in
2 Weeks
An untouched, midcentury modern home in Palo Alto, CA—for
sale for the first time in over 50 years—has found a buyer after
less than two weeks on the market. The classic beauty was
listed for $2.65 million.
www.realtor.com/news/unique-homes/untouched-midcentury-modern-home-palo-alto-pending-sale/
______________________________________________________________________________________________________________
30 Words to Include and Avoid
in a Resume
Your resume is your first opportunity to make a good first
impression, and you don’t have much time to make that
impression.
www.thebalancecareers.com/top-words-to-include-and-avoid-in-your-resume-2063329
______________________________________________________________________________________________________________
The Property Brothers Reveal
the Next Big Kitchen Trend
(Hint: It Moves)
A kitchen island beats a peninsula
www.realtor.com/advice/home-improvement/property-brothers-reveal-the-next-big-kitchen-trend/
__________________________________________________________________________________________________________
Here are the hottest real estate
markets of 2019
Looking for the hottest real estate markets? Try heading out west.
www.foxbusiness.com/markets/hottest-real-estate-markets
______________________________________________________________________________________________________________
Top Green Features Millennials
Want in a Home
Energy Star®-rated appliances are the green feature that
Millennials want the most in a home (75 percent), according to
an NAHB report

Top Green Features Millennials Want in a Home


______________________________________________________________________________________________________________
Think Seattle’s rich? This
Eastside city tops census list
of richest U.S. cities
After my last column on Seattle’s soaring incomes, I heard
from a lot of readers who were dismayed at the prospect of the
city becoming a playground for the wealthy.
www.seattletimes.com/seattle-news/data/think-seattles-rich-this-eastside-city-tops-census-list-of-richest-u-s-cities/

“For me, on the residential side of transactions and on the buy-
side in particular, these transactions are infrequent, they’re not
standard to the buyer, and they’re a deeply emotional process.
There’s a human touch that cannot be financialized out.”

– Elie Finegold

______________________
The Layouts Millennials Want in
a Home and Other Preferences
What kind of layout do Millennials envision for their home? A
plurality of Millennials – 43 percent – want a completely open
layout for their family room and dining room, a higher share
than any other generation, according to an NAHB report, What
Home Buyers Really Wan

The Layouts Millennials Want in a Home and Other Preferences


______________________________________________________________________________________________________________
As housing costs soar, Seattle’s
young adults taking longer to
live on their own
SEATTLE – Young adults in Seattle and across the nation are
moving out on their own later in life than in previous generations
– if they move out at all – and the high cost of housing and
education appears to be a major factor in that change, according
to a report released Tuesday.
komonews.com/news/local/as-housing-costs-soar-seattles-young-adults-taking-longer-to-live-on-their-own
______________________________________________________________________________________________________________
Tacoma, Seattle lead nation in
home equity value earned since
2012
SEATTLE – People who bought homes in the Puget Sound region
at the bottom of the housing market in 2012 have earned billions
of dollars in home equity since then, with Tacoma leading the
nation in percentage increase and Seattle coming in at No. 2 in
the country in total dollar increase.
komonews.com/news/local/tacoma-seattle-lead-nation-in-home-equity-value-earned-since-2012
______________________________________________________________________________________________________________
Real-estate seers expect a
strong 2020 in Seattle, though
not so much for housing
It doesn’t drill deep into the future of residential real estate —
what might happen with home prices or rents. But real estate is
a major part of the economy.
www.seattletimes.com/business/real-estate-seers-expect-a-strong-2020-in-seattle-though-not-so-much-for-housingattle/
______________________________________________________________________________________________________________
7 ways telecommuting has
changed real estate
As wireless technology changes how and where people do their
jobs, giving many the freedom to work remotely at least part of
the time, so too is it changing their thinking about real estate.
www.seattletimes.com/explore/nwhomes/7-ways-telecommuting-has-changed-real-estate/
______________________________________________________________________________________________________________
What to know about buying a
co-op apartment in Seattle
What’s a co-op—and could cooperative living be for you?
seattle.curbed.com/2019/9/26/20885583/housing-cooperative-seattle-homebuying-guide
______________________________________________________________________________________________________________
Kurt Cobain and Courtney Love’s
former Seattle home is for sale
The 117-year-old house was quietly put on the market—for the
first time since Love sold it
seattle.curbed.com/2019/9/26/20884357/kurt-cobain-nirvana-courtney-love-house
______________________________________________________________________________________________________________
Deconstructing Portland
Can a first-of-its-kind ordinance save some of what makes
Portland so special?
www.curbed.com/2016/10/13/13193952/portland-craftsman-houses-preservation-deconstruction
______________________________________________________________________________________________________________
Facebook grows to 5,000
employees in Seattle region,
opens its 18th office at
downtown tower
Facebook’s footprint in the Seattle area continues to grow as the
social media giant now employs more than 5,000 people across
the region.
www.geekwire.com/2019/facebook-grows-5000-employees-seattle-region-opens-18th-office-downtown-tower/
______________________________________________________________________________________________________________
GeekWire 200 startup index
analysis shows hottest
industries emerging from Pacific
Northwest
The latest highlights and hottest startups from the GeekWire
200, our monthly ranking of Pacific Northwest tech companies.
Click here for the full GeekWire 200 ranking.
www.geekwire.com/2019/geekwire-200-startup-index-analysis-shows-hottest-industries-emerging-pacific-northwest/
______________________________________________________________________________________________________________
Will tech make realtors
obsolete? Investors debate the
future of real estate
“While I do think that there are certainly some parts of the
business that are going to be disintermediated, my thesis is that
disintermediation happens when transactions are frequent, when
they’re standard, and when they’re relatively small, either
financially or emotionally to the parties involved,” Finegold said.
“For me, on the residential side of transactions and on the buy-
side in particular, these transactions are infrequent, they’re not
standard to the buyer, and they’re a deeply emotional process.
There’s a human touch that cannot be financialized out.”
www.geekwire.com/2019/will-tech-make-realtors-obsolete-investors-debate-future-real-estate/
______________________________________________________________________________________________________________
Condo towers near Amazon HQ
to include geeky amenities such
as co-working space, gaming
room
Amazon’s reimagination of the neighborhood around its urban
headquarters in Seattle is apparently infectious, as a new condo
development planned for a block away from The Spheres will
feature a slew of geeky amenities apparently aimed at attracting
tech workers.
www.geekwire.com/2019/condo-towers-near-amazon-hq-include-geeky-amenities-co-working-space-gaming-room/
______________________________________________________________________________________________________________
Denny Blaine mid-century home
gets striking makeover, and can
be yours for $2.2M
A mid-century abode interpreted for this century, this artistic
home in Denny Blaine wants $2.195 million.
www.seattlepi.com/realestate/article/Denny-Blaine-mid-century-gets-striking-makeover-14467174.php
__________________________________________________________________________________________________________
The 10 US cities most
vulnerable to a housing
downturn when the next
recession happens
When it comes to real estate, there are several key factors that
help forecast which housing markets will be the most vulnerable
when the next recession hits — whether it happens now or ten
years from now.
www.businessinsider.com/us-housing-markets-most-vulnerable-next-recession-2019-9
______________________________________________________________________________________________________________
Here are 99 great places to
work in Oregon and SW
Washington: Top Workplaces
2019
For the past eight years, The Oregonian/OregonLive and
Energage, a Philadelphia-based employee research and
consulting firm, have partnered to determine the Top
Workplaces in Oregon and southwestern Washington based
solely on employee survey feedback.
www.oregonlive.com/news/g66l-2019/09/1b695416dc9728/here-are-99-great-places-to-work-in-oregon-and-sw-washington-top-workplaces-2019.html
______________________________________________________________________________________________________________
Pending Home Sales Rebound in
August
The Pending Home Sales Index (PHSI), reported by the National
Association of Realtors (NAR), is a forward-looking indicator
based on signed contracts. The PHSI rose 1.6% from 105.6 in July
to 107.3 in August, the second-highest level since 2018. On a
year-over-year basis, sales were 2.5% higher than a year ago.

Pending Home Sales Rebound in August


______________________________________________________________________________________________________________
Real Estate’s Market Value
Shows Minimal Growth in Q2
2019
The recently released Federal Reserve’s Z.1 Financial Accounts
of the United States report (formerly known as the Flow of Funds
report) shows the latest transactions in households’ balance
sheets as they occurred in the second quarter of 2019.

Real Estate’s Market Value Shows Minimal Growth in Q2 2019


______________________________________________________________________________________________________________
Market Hotness Index
Metro Hotness – Zip Code and County Hotness

Market Hotness Index


___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials),
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
www.bea.gov/index.htm
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.
graphics.wsj.com/us-housing-market/
______________________________________________________________________________________________________________
Mortgage Market Survey Archive
Compilation of Weekly Survey Data for 2018
www.freddiemac.com/pmms/archive.html
_________________________________________________________________________________________ ____________________o

“Yours is the light by which my spirit’s born: – you are my sun, my moon, and all my stars.”
― e. e. cummings
 
Home Buyers Seeking
Affordability Are Expanding
Search Outside Greater Seattle
Job Centers
 
Depleted inventory continues to frustrate would-be buyers in
Western Washington. Many of these potential homeowners are
expanding their search beyond the major job centers in King
County, according to market watchers who commented on the
latest statistics from Northwest Multiple Listing Service.
______________________________________________________________________________________________________________
The market’s chilled out, but
Seattle home prices still too hot
for many first-time buyers
Seattle lost the title of the nation’s hottest housing market in
August 2018 — but looking at home prices, which have stayed
sky-high, that might be hard for shoppers to believe.
______________________________________________________________________________________________________________
The California Real Estate Boom
Is Over. What Now?
If you had invested in a property in San Francisco five years ago
and cashed out in 2019, you would have made a 50% profit,
never mind the rental income. But if you had bought a year ago
and sold today you would have made exactly zero. Will other
tech economies follow suit?
______________________________________________________________________________________________________________
Home prices in Pierce, Thurston
take off as Seattle real estate
comes off ‘sugar high’
King County’s housing demands are continuing to have a pricey
ripple effect in Pierce County and elsewhere, with home prices
rising at a sharper clip in the Tacoma area than Seattle, based
on year-over-year data.
______________________________________________________________________________________________________________
Supply problems make real
estate headaches for buyers in
Puget Sound
According to the latest report from the Northwest Multiple
Listing Service, experts are finding many potential home-buyers
are expanding their search beyond the major job centers in King
County as a result of the crunch on supply in the month of
August.
______________________________________________________________________________________________________________
Road Trip(s): Enjoying the
Northwest’s last vestiges of
summer
The “end” of summer in the Pacific Northwest is frequently
followed by the welcome return of summer, a few glorious
weeks before the gray gloom, pre-5 p.m. sunsets and showers
of November.
______________________________________________________________________________________________________________
The Hottest Markets in August
Include Some You’ve Never
Heard Of
The hottest real estate markets in America right now are
smaller cities that most folks probably wouldn’t be able to
find on a map.
______________________________________________________________________________________________________________
The do’s and don’ts of staging
your home for sale
For most sellers, some level of staging is particularly important
when it comes to a slower market. Leaving some furniture or
decor in the home can show scale and also make interiors
appear more inviting, and therefore more appealing, to home
shoppers.
______________________________________________________________________________________________________________
The Home Staging Report
the National Association of Realtors (NAR) reveals that about
81 percent of buyers think home staging can make it “easier to
visualize the property as a future home” and 46 percent are
more inclined to “walk through a home viewed online.”
______________________________________________________________________________________________________________
California approves rent control
amid housing crisis
California’s legislature has approved statewide rent control in an
effort to ease the housing crisis and burgeoning homeless
population across the state.
______________________________________________________________________________________________________________
A Real Housing Economist
Speaks
When I think of my writing about housing economics, I
sometimes think about one of the earliest memes in my memory:
______________________________________________________________________________________________________________
On the market: Dog-gone crazy
homes with perks for pups
Just as you might want an exercise room in your home, even
though you could really work out anywhere, your dog might
want a private place to stay fit, too.
__________________________________________________________________________________________________________
 
Why it’s easier than ever for
new Amazon tech hires to buy
homes in Seattle
As if highly paid Amazon employees needed another helping
hand, some lenders are making it easier for the company’s new
tech hires to qualify for home loans.
______________________________________________________________________________________________________________
CPI Growth Slows in August
The Bureau of Labor Statistics (BLS) reported that the
Consumer Price Index (CPI) rose by 0.1% on a seasonally
adjusted basis in August, slower than the 0.3% increase in July.
Excluding the volatile food and energy components, the “core”
CPI increased by 0.3% in August, the same increase as in the
previous two months (June and July).
New data released by the U.S. Census Bureau and the
Department of Housing and Urban Development, combined
with recent NAHB survey data, show a mismatch between the
actual prices of new homes and the prices buyers expect to
pay—providing further evidence for the growing problem of
housing affordability
______________________________________________________________________________________________________________
New Home Price Data
Underscore Affordability
Problems
New data released by the U.S. Census Bureau and the
Department of Housing and Urban Development, combined
with recent NAHB survey data, show a mismatch between the
actual prices of new homes and the prices buyers expect to
pay—providing further evidence for the growing problem of
housing affordability
______________________________________________________________________________________________________________
U.S. Home Values Are Highest
Where the Weather Is Best
Coastal California cannot be beat when it comes to high home
prices – and nice weather. The moderating effect of the Pacific
Ocean on temperatures helps give the lucky residents of coastal
California metros more pleasant days per year than any other
part of the country. Sunnier SoCal especially takes the cake, with
Ventura, Calif., logging just over 300 pleasant days a year,
followed by San Diego and Santa Barbara.[
______________________________________________________________________________________________________________
__________________________________________________
______________________________________________________________________________________________________________
Market Hotness Index
Metro Hotness – Zip Code and County Hotness
___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials), 
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
_________________________________________________________________________________________________________________________________________________________________ 
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.                                                   

 

 

 

 

 

 

 

 

“You become what you think about most of the time
… so think about what you want to accomplish.”
– Earl Nightingale
 
No WIKLI News Links Next Week!
__________________________
____________________________________________________________________________________
______________________________________________________________________________________________________________
Will the U.S. Housing Market
Continue to Rise in 2020?
This was the most common question sent in by readers
(along with variations of the theme). Will the housing market
continue to rise? Will home prices continue to climb? Will the
real estate market keep going up? Apparently, this is something
on the minds of a lot of Americans.
______________________________________________________________________________________________________________
Mortgage demand falls as
interest rates flatten
After a rush on refinances, homeowners took a breather last
week, despite still seeing the lowest interest rates in about three
years.
______________________________________________________________________________________________________________
Robert Shiller says the Fed’s
rate cut had the opposite
intended effect, sparked
recession alarm
Nobel-winning economist Robert Shiller is taking issue with the
Federal Reserve’s rate cut in July, saying it caused psychological
harm to the markets.
______________________________________________________________________________________________________________
The inverted yield curve is doing
something weird to mortgage
rates
It is therefore very odd to suddenly see ARMs showing
higher interest rates than the traditional 30-year fixed,
which is what Bankrate.com is currently showing for
average purchase mortgage rates. Refinance rates are
still lower for ARMs.
______________________________________________________________________________________________________________
Neighbor is out to disrupt
self-storage: It’s like Airbnb for
your stuff
Got extra stuff? Got extra space? A new company is ready to
make a match. Neighbor, based in Salt Lake City, connects
homeowners online with people who need storage space. Its
CEO says the barely 2-year-old company is already seeing 500%
annual growth.
______________________________________________________________________________________________________________
Amazon HQ2 becomes nation’s
most competitive region for
home buyers as Seattle market cools
Amazon’s future stomping grounds, Alexandria and Arlington,
are the most competitive cities in the country for home buyers,
according to Redfin data. Meanwhile, the housing market in
Seattle, Amazon’s original headquarters city, is cooling after
years defending the distinction of “nation’s hottest housing
market.”
______________________________________________________________________________________________________________
Facebook sued over alleged housing discrimination
A group of Facebook users have sued the social networking
giant, claiming they and potentially millions of others were
denied access to housing because of the company’s targeted
advertising.
______________________________________________________________________________________________________________
 
Modular smart-home startup
Blokable raises $23M, plans new California manufacturing facility
The startup manufactures modular smart home units in a
warehouse in Vancouver, Wash. that can be stacked into
multi-story projects once they are trucked to a project site
______________________________________________________________________________________________________________
Historic 1900s Bowen Bungalow
yours for $2.42M
A careful remodel of this home has both restored it to its
original glory and remodeled it for modern living.
______________________________________________________________________________________________________________
Why city dwellers are seeking out second homes in the suburbs
Every other week, they escape to their second home — not at the
beach or deep in the countryside, but 30 minutes away, in the
bedroom community of Midlothian.
__________________________________________________________________________________________________________
 
On the market: Portland’s funky fixer-uppers for sale at $1 million or more
The words “sold as is” aren’t normally associated with $1
million houses. But sellers allowing buyers to complete cosmetic
or even structural repairs result in seven-figure fixer-uppers.
______________________________________________________________________________________________________________
Negative’ Interest Rates Used to Be Unthinkable in the U.S.
—Not Anymore
In a global game of interest rates that have dipped below zero
for the European Central Bank (ECB), France, Germany, and
Japan, there’s always more room to fall. Negative interest rates
have become a regular feature of much of the world’s economy.
______________________________________________________________________________________________________________
Housing starts slump 4% in July, but there’s one silver lining for the real-estate market
A slowdown in apartment construction prompted the monthly
decline
______________________________________________________________________________________________________________
The best place in America to get the highest return by renting out your vacation home
Buying a vacation rental doesn’t necessarily mean looking for a
waterfront property
______________________________________________________________________________________________________________
Wisdom of crowds? Ordinary
Americans beat ‘experts’ in
predicting mortgage rates
It’s always fun to pick on so-called experts, but it might also be
instructive to learn from aggregated survey responses
______________________________________________________________________________________________________________
Existing-home sales manage to
increase 2.5% in July as lower
mortgage rates alleviate some
affordability constraints
The real-estate market is on shaky footing as the bumper spring
and summer home-buying season begins to draw to a close
______________________________________________________________________________________________________________
Home-builder earnings may
surprise to the upside despite
the aging cycle
Analysts are split over what to expect, but here are some anticipated highlights
______________________________________________________________________________________________________________
How much easier was it for
baby boomers to buy a home in
Seattle? Let’s adjust for inflation
Census data shows that in the 10-year stretch from 2007 to
2017, nearly all of the city’s growth among the adult population
(age 25 and up) has come from two groups: millennials and
baby boomers.
_______________________________________________________________________________________________________________
Seattle’s generational divide:
Gap between young, old only
getting wider
July brought some zip to a Portland area housing market
that had been in the doldrums relative to the past few
years, but the rally might prove short-lived.
______________________________________________________________________________________________________________
 
Contrasting Built-for-Rent and
For-Sale New Single-Family
Homes
How do homes built-for-rent differ from more common for-sale
new single-family homes? This is an important question given
recent attention on the built-for-rent sector of the residential
construction industry
__________________________________________________________________________________________________________
The inverted yield curve is
doing something weird to
mortgage rates
It is therefore very odd to suddenly see ARMs showing
higher interest rates than the traditional 30-year fixed,
which is what Bankrate.com is currently showing for
average purchase mortgage rates. Refinance rates are
still lower for ARMs.
______________________________________________________________________________________________________________
Townhouse Construction
Weaker
According to NAHB analysis of the most recent Census data of
Starts and Completions by Purpose and Design, townhouse
construction slowed during the second quarter of 2019 after a
strong 2018 performance
__________________________________________________________________________________________________________
Flat Conditions for Custom
Home Building
NAHB’s analysis of Census Data from the Quarterly Starts and
Completions by Purpose and Design survey indicates custom
home building was effectively flat over recent quarters.
______________________________________________________________________________________________________________
Homebuyer Preferences:
Millennials vs. Other
Generations
A recent study by NAHB reveals that millennials have a much
stronger desire for certain bathroom features relative to older
generations.
______________________________________________________________________________________________________________
New Single-Family Home Size
Continues Trending Lower
New single-family home size decreased during the second
quarter of 2019 as interest rates declined
______________________________________________________________________________________________________________
This Arizona Housing Market Is
20% Airbnb Rentals
Airbnb short-term vacation rentals are taking over
Sedona, Ariz., and residents are not pleased about it. In Sedona,
20% of the housing inventory is being offered on Airbnb.
______________________________________________________________________________________________________________
__________________________________________________
______________________________________________________________________________________________________________
Market Hotness Index
Metro Hotness – Zip Code and County Hotness
___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials), 
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
_________________________________________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.                                                  
______________________________________________________________________________________________________________
Mortgage Market Survey Archive 
Compilation of Weekly Survey Data for 2018 
 
 
 
 
 
 
 
“Do not regret growing older. It is a privilege denied to many”.
 
___________________________________________________________________________________________________
 
 
As condo prices fall and
inventory rises, King County
shoppers enjoy summer of
plenty
King County condo shoppers who tentatively reentered the
market when it began to slacken in the spring have more
reason to celebrate: A trend of falling prices and rising
inventory solidified as spring turned into summer, according
to monthly real-estate data released Monday.
______________________________________________________________________________________________________________
The future of wealth in the
United States
Boomers will continue to be the wealthiest generation in the
United States until at least 2030
______________________________________________________________________________________________________________
Mortgage rates fall to 3.60%
U.S. long-term mortgage rates fell sharply this week, with the
benchmark 30-year loan touching its lowest level since
November 2016.
______________________________________________________________________________________________________________
Metro Home Prices Increase in
91% of Metro Areas in Second
Quarter of 2019
Most metro areas saw price gains under marginal inventory
growth in the second quarter of 2019, according to the latest
quarterly report by the National Association of Realtors®
______________________________________________________________________________________________________________
Ore. law aims to help housing
crisis
Lawmakers in Oregon hope the state can build its way out of a
severe housing crisis.
______________________________________________________________________________________________________________
US long-term mortgage rates
fall sharply: 30-year at 3.60%
U.S. long-term mortgage rates fell sharply this week, with the
benchmark 30-year loan touching its lowest level since
November 2016.
______________________________________________________________________________________________________________
US 65 most expensive second
quarter home sales Markets
Based on median selling prices of single-family homes in the
second quarter, the National Association of Realtors
______________________________________________________________________________________________________________
iOi Summit (Innovation,
Opportunity & Investment)
Hear the latest from top tech companies in real estate. Find out
what products and services are poised to make a major impact
on the industry. Held in Seattle, Washington beginning with a
welcome reception on Tuesday, August 20 and ending on
Thursday, August 22 at 4pm.
__________________________________________________________________________________________________________
 
States With the Strongest Job
Growth
All states had job gains in June, with the strongest gains in the
South and West states, led by Nevada (3.4%), Utah (3.0%),
Arizona (2.8%), South Dakota (2.7%), Florida (2.6%), 
Washington (2.6%), Texas (2.5%), Idaho (2.4%),
Wyoming (2.3%), and Colorado (2.0%).
______________________________________________________________________________________________________________
State Employment Monitor
In June 2019, most states had a net gain in payroll
employment in the real estate, rental, and leasing
industry (NAICS 53) led by Washington (7.4%). 
Employment and income are key drivers of housing
demand. This report tracks employment and wage trends
and how these trends affect the real estate market and
housing demand
______________________________________________________________________________________________________________
Your Buyers Might Not Face B
idding Wars This Year
Bidding wars are growing a lot less common, real estate pros
report. By one measure, only 11.2% of offers written by Redfin
real estate agents for their clients faced a bidding war in July—
down more than 45% from a year earlier. That is also the lowest
rate since at least 2011.
______________________________________________________________________________________________________________
Home Price Appreciation Slows
in May
Home prices in the second quarter continued to rise in the
majority of housing markets across the country. Ninety-one
percent of 178 metros tracked saw home price gains in the
second quarter, according to the latest report from the
National Association of REALTORS®, released Wednesday.
______________________________________________________________________________________________________________
Home Prices Post More Gains
in Second Quarter
FHFA House Price Index Up 0.1 Percent in May;
Up 5.0 Percent from Last Year
______________________________________________________________________________________________________________
Why Expensive Renovations
May Not Boost Your Sale
 
As modest increases in inventory begin to attract more buyers
to the market, it may seem wise for your sellers to undertake
renovation projects to boost their competitive edge. Kitchen
and bathroom upgrades, for example, are among buyers’ most
desired features and can fetch a handsome return on
investment, according to the National Association of Home
Builders
______________________________________________________________________________________________________________
EVERY BUG IN YOUR HOUSE,
RANKED BY HOW WORRIED
YOU SHOULD BE ABOUT THEM
Research shows that human homes harbor an average of 100
different insect species, regardless of cleanliness or the
presence of pets
______________________________________________________________________________________________________________
Housing Supply Shortage with
Mike Kingsella
7.3 million – that’s the number of units that the country has
underproduced from 2000-2015 according to research from
Up for Growth.
______________________________________________________________________________________________________________
Google’s Seattle-area footprint
skyrockets to nearly 2M square
feet, fueling region’s tech space
race
Google’s appetite for office space across the Seattle region has
intensified in recent years, and it is on the verge of a major
milestone.
______________________________________________________________________________________________________________
TopTen Real Estate Deals
Where Real Estate Is Never Boring
______________________________________________________________________________________________________________
 
National slowdown claims its
first major-city victim: Seattle
home values
Big metro cities like San Francisco, New York, and Los Angeles
are notably absent from realtor.com®’s latest list of the top-
performing housing markets in the country. Instead, more
suburban areas—like Grand Rapids, Mich., and Omaha, Neb.–
are topping the list.
______________________________________________________________________________________________________________
Lower Interest Rates: What
They Mean for Housing and the
Economy
Lower interest rates present an opportunity for the housing
market, which has failed so far to respond energetically to this
positive development due to prior affordability headwinds.
______________________________________________________________________________________________________________
Labor Shortages Still Hurting
Affordability
Labor and subcontractor shortages remained widespread in
July of 2019 and are continuing to impact the industry in a
number of ways—including putting additional upward pressure
on new home prices—
______________________________________________________________________________________________________________
Smart home mapping feature
causes privacy panic, but
should it?
There are few things more sacred to a person’s privacy than
one’s home. For one, it’s enshrined in the Fourth Amendment
of the U.S. Constitution as the “right of the people to be secure
in their persons, houses, papers, and effects, against
unreasonable searches and seizures …”
______________________________________________________________________________________________________________
Roomba vacuum maker iRobot
betting big on the ‘smart’ home
The Roomba robotic vacuum has been whizzing across floors
for years, but its future may lie more in collecting data than dirt.
______________________________________________________________________________________________________________
Preparing for an earthquake?
Make sure you have enough
water, American Red Cross says
Before an earthquake or any natural disaster strikes, the
American Red Cross says you need to be prepared. And that
means having enough water and food.
______________________________________________________________________________________________________________
Millennials shouldn’t need their
parents’ financial help in order
to buy a house
I’m surrounded by millennials. I work with them, I learn from
them, and I’m even the parent of one. The housing specialty
firm I lead employs many of these talented young Americans.
And increasingly, millennials make up a bigger share of home
buyers.
__________________________________________________
______________________________________________________________________________________________________________
Market Hotness Index
Metro Hotness – Zip Code and County Hotness
___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials), 
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
_________________________________________________________________________________________________________________________________________________________________ 
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.                                                   
______________________________________________________________________________________________________________
Mortgage Market Survey Archive 
Compilation of Weekly Survey Data for 2018 
_________________________________________________________________________________________ ____________________o
Seattle Architectural Styles
      Through the Years 
Real Estate Changes by Decade
blog.seattlepi.com/seattlewaterfronthomes/2010/07/23/seattle-architectural-styles-through-the-years-real-estate-changes-by decade/                                                                                                                                                 _________________________________________________________________________________________ _________________________________

 

“Gratitude is when memory is stored in the heart and not in the mind.”
~ Lionel Hampton
Note: No WIKLI news Links next Week
__________________________
____________________________________________________________________________________
Kelsey and Camille Grammer’s
Former Malibu Estate Up for
Sale Again
After selling in 2015 for nearly $13M, the former Malibu home
of Kelsey and Camille Grammer has returned to the market
with an asking price of $19,950,000.
______________________________________________________________________________________________________________
Diverse Neighborhoods Move
Gen Z Homebuyers
Homes.com research reveals striking demographic shifts in
home purchase patterns.
______________________________________________________________________________________________________________
Why city dwellers are seeking
out second homes in the suburbs
Kylie Pak, the 42-year-old owner of real estate investing
company RedBrick Properties, loves living in Richmond,
Virginia. She and her husband eat out at restaurants most
nights, and thrive on the youthful energy around Virginia
Commonwealth University.
__________________________________________________________________________________________________________
 
Seattle is the ‘new Vancouver’
when it comes to Chinese
housing investment
Intensive government interventions creating unfavourable
housing market conditions for foreign investment in Metro
Vancouver have prompted a surge in Mainland Chinese
investors down south to Seattle.
______________________________________________________________________________________________________________
Led by the Chinese, foreigners
are buying dramatically fewer 
American
homes
Despite representing nearly a fifth of all real-estate sales to
foreign buyers, Chinese demand shrank from the previous
year
______________________________________________________________________________________________________________
Moving Out of Seattle, But
Staying in the Region
A few months ago it was reported that King County actually
lost a net of 4,868 residents to other US Counties.  To be clear,
after accounting for births/deaths and international immigrants
moving in, King County actually gained a total of 28,934 net
new residents in the latest 12-month data-set according to the
latest census data
______________________________________________________________________________________________________________
Home prices in Pierce, Kitsap
counties soar year-over-year
as King County prices drop
Buyers frustrated by the King County housing market appeared
to be flocking to Pierce and Kitsap counties in June — even as
corrections to the market appeared to be taking place near
Seattle.
______________________________________________________________________________________________________________
How a shallow fault running
directly below Seattle went
undiscovered for a millennium
And why it a major quake there could be more devastating than
a similar quake along the Cascadia Subduction Zone
______________________________________________________________________________________________________________
Here’s what the recent
earthquakes could do to
California’s shaky housing 
market
Historically, natural disasters cause trouble in housing markets.
Will California prove more resilient?
______________________________________________________________________________________________________________
Mortgage rates rise on
expectation of Fed’s possible
cut in short-term interest rates
Mortgage rates rose this week spurred largely by rising
optimism about the Federal Reserve’s possible move at the end
of the month to cut short-term interest rates.
______________________________________________________________________________________________________________
US housing starts fall; permits
hit two-year low
U.S. homebuilding Opens a New Window.  fell for a second
straight month in June and permits dropped to a two-year low,
suggesting the housing market continued to struggle despite
lower mortgage rates Opens a New Window. .
_______________________________________________________________________________________________________________
Housing Could Turn Around
Weakening Economy
The longest economic expansion in the nation’s history—now
approaching 10 years—may be nearing an end, writes
Lawrence Yun, chief economist of the National Association of
REALTORS®, in his latest column at Forbes.com. But the
housing market could help turn around some sluggish
economic numbers, such as business and consumer spending.
______________________________________________________________________________________________________________
Are Friends the Key to
Happiness?
Researchers were expecting that factors like cholesterol
levels or physical activity would be the greatest predictors
of a long and happy life. They weren’t. It turns out that
having strong personal connections with other people is
most directly correlated to overall happiness, better health
and more contentment
______________________________________________________________________________________________________________
 
Why Multitasking Makes Your
Business Less Efficient
Dividing your attention to complete multiple activities at once
can make you less effective at everything you’re doing.
__________________________________________________________________________________________________________
What’s Your Market’s Median
Home Price?
Zoom in to your metropolitan statistical area to get the latest
quarterly median home price for your market, and its
percentage change from the previous quarter.
______________________________________________________________________________________________________________
Denver, San Jose, Portland:
Where Buying a Home Might Be
a Bad Idea
Today, buying a home in one of these cities might actually be a
bad idea. That’s because home prices have actually declined in
these markets. And some forecasts suggest they’ll continue to
drop through the end of 2019 and into 2020.
__________________________________________________________________________________________________________
Portland’s Hottest ‘Hoods:
Where have homes sold the
fastest?
The time a home spends on the sales market shows the
property’s appeal as well as the desirability of its neighborhood.
______________________________________________________________________________________________________________
Alternative Method to Sell
Your Home Expanding
Zillow announced that Portland, Oregon, has become the 12th
market where it can now directly buy homes, giving
homeowners a new way to sell their properties.
______________________________________________________________________________________________________________
Mortgage Rates Inch Up, But
Buyers Are Still Getting Deals
After three weeks of mostly staying steady, average
mortgage rates rose this week. However, rates still remain
at multiyear lows, keeping borrowing costs low for those
shopping for homes this summer.
______________________________________________________________________________________________________________
The Federal Reserve may cut
interest rates soon, but savings
yields are still rising on some
accounts
If you’re on the hunt for a top-yielding savings account, you’re
still in luck.
______________________________________________________________________________________________________________
We haven’t seen interest rates
this low since before
Hammurabi, so what bonds
should you buy?
Homer’s ambitious research traced interest rates back to
ancient Mesopotamia. Sylla says the best records go as far back
as the famous Code of Hammurabi, ruler of ancient Babylon, in
roughly 1800 BC. That was before King Tutankhamen sat on
Egypt’s throne, before the Trojan War was fought, and long
before Confucius or the Buddha were born.
______________________________________________________________________________________________________________
These 11 cities, states and
countries will pay you to move
there
The Greek island of Antikythera joins places like Vermont,
Maine, Alaska, Chile and Candela, Italy in rewarding new
residents with cash, free land and other perks.
______________________________________________________________________________________________________________
What People 50 or 100 Years
Ago Thought Our Homes Would
Look Like Today
In 1980 we featured the “Underground Home” a residence in
Burnsville, Minnesota. At that time around 3,000 people
owned underground homes. Don Mosch took part in
pioneering the housing concept perfect for an energy
conscious era.
______________________________________________________________________________________________________________
Here’s what millennial home
buyers really care about when
getting a mortgage
Internet-savvy generation wants personal attention, FICO
facts, and easy comparison shopping
______________________________________________________________________________________________________________
Vancouver, Portland Leap In
Ranking Of Best Cities For
Tech Jobs
If staggering rent prices in San Francisco and Seattle are too
off-putting for tech graduates, they have a new option: stay put.
______________________________________________________________________________________________________________
Retailers announced plans to
close 7,100 stores this year
The number of store closures announced in the first half of
2019 already has outstripped the number retailers announced
in all of 2018.
______________________________________________________________________________________________________________
 
______________________________________________________________________________________________________________
Market Hotness Index
Metro Hotness – Zip Code and County Hotness
___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials), 
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
_________________________________________________________________________________________________________________________________________________________________ 
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.                                                   
______________________________________________________________________________________________________________
Mortgage Market Survey Archive 
Compilation of Weekly Survey Data for 2018 
_________________________________________________________________________________________ ____________________o
Seattle Architectural Styles
      Through the Years 
Real Estate Changes by Decade
blog.seattlepi.com/seattlewaterfronthomes/2010/07/23/seattle-architectural-styles-through-the-years-real-estate-changes-by decade/                                                                                                                                                 _________________________________________________________________________________________ _________________________________
Seattle Gives Green Light to Northgate Mall
Redevelopment Plan with New NHL Seattle
Facility
 
The NHL is coming to Seattle, and the group that will
bring a team to the Emerald City has announced that
it would make its home at the Northgate Mall, where
developer Simon Property Group is looking to
transform an aging retail destination into one of the
region’s most vibrant new neighborhoods and
experience centers. This week, the project owners
also received approval at a second Early Design
Guidance meeting to advance the revised plans for
the redevelopment that now include an ice hockey
center, offices for NHL Seattle, the team ownership,
and a second hotel.
 
 
“To suppress free speech is a double wrong. It violates the
rights of the hearer as well as those of the speaker.”
— Frederick Douglass
__________________________
____________________________________________________________________________________
______________________________________________________________________________________________________________
Home prices in Pierce, Kitsap
counties soar as King County
prices drop
Buyers frustrated by the King County housing market appeared
to be flocking to Pierce and Kitsap counties in June — even as
corrections to the market appeared to be taking place near
Seattle.
______________________________________________________________________________________________________________
As Seattle cracks down on
McMansions, a question lingers:
Are huge homes morally wrong?
Seattle wants more backyard cottages and fewer McMansions.
What does the rise and fall of the McMansion say about
America, and are smaller homes intrinsically more ethical?
______________________________________________________________________________________________________________
Homeowner’s insurance doesn’t
cover earthquake damage, but
what will?
It may be time to start thinking about which insurance plans
cover earthquake damage, experts say.
__________________________________________________________________________________________________________
 
Seattle City Council votes to
reduce barriers to building
ADUs
After half a decade of planning, changes to laws governing
backyard cottages are on the way
______________________________________________________________________________________________________________
4.6 quake rattles Puget Sound;
3.5 aftershock minutes later
Many residents across the Puget Sound area were jolted awake
early Friday morning by a pair of earthquakes that struck the
North Sound.
______________________________________________________________________________________________________________
While CA deals with two big
quakes, Portland crafting
mandatory seismic retrofit
policy
A spokesperson for the Portland Bureau of Emergency
Management, Dan Douthit, says the city is working towards a
mandatory retrofit policy in the near future.
______________________________________________________________________________________________________________
Preparing for an earthquake?
Make sure you have enough
water, American Red Cross says
Before an earthquake or any natural disaster strikes, the
American Red Cross says you need to be prepared. And that
means having enough water and food.
______________________________________________________________________________________________________________
New Seattle tenant protections
would give renters earlier
notification on sales, more time
to make ends meet
the mayor is rolling out changes she says will protect tenants
from eviction and “help keep Seattle residents in their homes.”
______________________________________________________________________________________________________________
Significant Changes to WA’s
Landlord-Tenant Law
The passage of SB 5600, HB 1138, HB 1440, and HB 1462 made
permanent changes to Washington State’s Residential
Landlord-Tenant Act (RLTA). The new laws take effect on
July 28, 2019.
_______________________________________________________________________________________________________________
The U.S. States People Are
Fleeing (And The Ones They Are
Moving To)
Each year families pack up their belongings and move to a new
home, sometimes out of state. Tracking where they go—and
where they’re leaving from—paints an interesting picture of U.S.
migration.
______________________________________________________________________________________________________________
How to decide if you should rent
or buy in Seattle
All you need to know to make the right choice for your
budget and lifestyle
______________________________________________________________________________________________________________
 
16 breathtaking Seattle-area
botanical gardens
Seattle is known for being full of trees, parks, and other
extremely nature-y pursuits, so it tracks that we’d have a wide
selection of gardens to choose from, whether you’re looking for
a casual stroll, a pretty in-city hike, or an educational experience
__________________________________________________________________________________________________________
What $1,500 rents in Seattle
right now
A Pioneer Square loft or a two-bedroom in West Seattle?
______________________________________________________________________________________________________________
Measure to reduce barriers to
building ADUs in Seattle gets
mayoral boost
After half a decade of planning, changes to laws governing
backyard cottages are on the way—with more experimentation
ahead on making them feasible
__________________________________________________________________________________________________________
How Amazon sunk its talons
into your home
Alexa, one-day delivery, security cameras, and in-house brands
have extended the company’s already formidable reach
______________________________________________________________________________________________________________
Why luxury homes, pricey
properties are going on the
market in King County
“On the residential side we’ve already seen a fairly significant
uptick in King County of listings above $1.5 million,” Matthew
Gardner told KIRO Radio’s Dave Ross.
______________________________________________________________________________________________________________
Can Robots Solve the Affordable
Housing Crisis?
The technology, after all, would seem to have wide-ranging
appeal to potential customers: radically lower costs thanks to
savings on labor and materials, and a construction window
measured in weeks (or even days) rather than months.
______________________________________________________________________________________________________________
Real Estate Transactions in the
San Juan Islands: June 1-30,
2019
There were nine real estate sales of more than $1 million in the
San Juan Islands in the month of June, 2019. Four on San Juan
Island, two on Shaw Island, two on Orcas Island, and one on
Lopez Island.
______________________________________________________________________________________________________________
Is California Washington’s
housing future?
Unless changes are made to accommodate future population
growth and the “perfect storm” of retirees outbidding first-time
home buyers, 70 percent of city residents will be renters, and
almost a third of home sellers will leave the state to buy a more
affordable property elsewhere in the country.
______________________________________________________________________________________________________________
June real-estate numbers tell a
now-familiar story: Seattle is
losing buyers to Tacoma, other
outlying spots
Seattle’s housing market isn’t cooling quite as fast it was earlier
this spring, but prices are still dropping as inventories build and
would-be buyers continue to search outside the city limits for
better prices.
______________________________________________________________________________________________________________
 
10 awful, oddball Portland-area
homes get flipped: See crazy
before, after photos
Can you recognize a house with “good bones” even when it’s
buried in debris? Flippers can. They lay down cash for a
dwelling deemed unlivable, then remodel, restore and remake
it into a property a new buyer will pay a bundle for. Or so they
hope.
______________________________________________________________________________________________________________
Tech start-ups look to disrupt
the affordable housing industry
Now, more start-ups are addressing ways to make renting and
homeownership available to more people. A few entrepreneurs
are working to solve the more prosaic problem of housing
affordability.
______________________________________________________________________________________________________________
Oregon Bans Single-Family
Zoning – Should More States?
Should major cities ban single-family zoning?
______________________________________________________________________________________________________________
____________________________________________________________________________________________________________  __
Market Hotness Index
Metro Hotness – Zip Code and County Hotness
___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials), 
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
_________________________________________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.                                                  
______________________________________________________________________________________________________________
Mortgage Market Survey Archive 
Compilation of Weekly Survey Data for 2018 
 
 
 
 
“What was important wasn’t the fireworks, it was that we were
together this evening, together in this place, looking up into
the sky at the same time.”
— Banana Yoshimoto
__________________________
____________________________________________________________________________________
______________________________________________________________________________________________________________
Seattle City Council OKs more and
larger backyard cottages; restricts
McMansions
The Seattle City Council voted unanimously Monday to enable
the construction of more and larger backyard cottages in all
neighborhoods while removing requirements that property
owners live on site and provide off-street parking.
______________________________________________________________________________________________________________
Seattle’s new backyard cottage rule both
hailed and hated
Not everyone is sold on Seattle’s decision to allow more options
to build backyard cottages.
__________________________________________________________________________________________________________
 
Oregon Legislature Votes To Essentially
Ban Single-Family Zoning
The state’s House and Senate have now both passed a measure
that requires cities with more than 10,000 people to allow
duplexes in areas zoned for single-family homes. In the Portland
metro area it goes a step further, requiring cities and counties to
allow the building of housing such as quadplexes and “cottage
clusters” of homes around a common yard.
______________________________________________________________________________________________________________
Seattle City Council votes to reduce
barriers to building ADUs
After half a decade of planning, changes to laws governing
backyard cottages are on the way
______________________________________________________________________________________________________________
Seattle’s tech workers earn second-
highest wages in the world
Seattle’s booming tech sector has been cited as one of the
reasons the Emerald City has a strong economy.
______________________________________________________________________________________________________________
Nextdoor’s push into real estate: ‘Where
there’s money, there’s focus’
The company debuted a new feature called “Your Home” on
Tuesday morning, unlocking another step on its path to
profitability. The offering, which was reviewed by Yahoo
Finance, seems like a natural next step for the business, and is
initially being rolled out to the platform’s U.S. homeowners.
______________________________________________________________________________________________________________
This ridiculous GE video showing 14
steps to reset a smart lightbulb has
suddenly gone viral
Spoiler alert: You have to turn it off and on again (and again
and again)
_______________________________________________________________________________________________________________
June 2019 Housing Minute
Both pending and existing home sales rose on a month over
month basis in May.
______________________________________________________________________________________________________________
Where buyers found the home they
purchased
______________________________________________________________________________________________________________
 
AIA Home of Distinction: Couple 
Makes Light the Focal Point in This
View Ridge Remodel
This family home was selected by a panel of architects for the
AIA Seattle Home of Distinction program due to its creativity
within the tight parameters of the existing footprint and steep-
slope site.
__________________________________________________________________________________________________________
2017 Residential Electricity Bill by State
Washington State has the lowest Electricity Retail Price.
Electricity is one of the biggest household expenses, as it
accounted for 55 percent of total utility costs and 9 percent of
total housing costs in 2017, according to the American Housing
Survey (AHS).
______________________________________________________________________________________________________________
The Effect of Affordable Housing on the
Surrounding Neighborhood
The paper is called The What, Where, and When of Place-Based
Housing Policy’s Neighborhood Effects and was authored by
three researchers
__________________________________________________________________________________________________________
Apple to unveil details of massive
Seattle expansion at big new office
complex in Amazon’s backyard
It’s been six months since Apple said it would dramatically
expand its Seattle operations, and it appears the tech giant has
found a landing spot — right in Amazon’s backyard.
______________________________________________________________________________________________________________
Stellar Agents and Sky-High Sales
Some out there in real estate like to say that “brand doesn’t
matter,” but when you look at the facts, it is clear the brand
does have an impact on business.
______________________________________________________________________________________________________________
$120 Million Holmby Hills Estate Sets
California Record
The double-gated megamansion opens to an aircraft hanger-
scaled foyer with a Subaru-sized chandelier hanging over a
black-and-white striped marble floor. As for the master suite —
or “owner’s complex,” if you will — it weighs in at 7,000 square
feet and incorporates a private living room, kitchen, his-and-her
bathrooms and a Rodeo Drive boutique-sized dressing room. In
all, there are a whopping 27 bathrooms on the premises.
Jade Mills of Coldwell Banker represented the seller.
  1. www.mansionglobal.com/articles/120-million-mansion-sale-in-los-angeles-sets-record-204725
  2. variety.com/2019/dirt/real-estate/california-home-sale-record-price-spelling-manor-daryl-katz-1203258066/
  3. nypost.com/2019/07/03/aaron-spellings-mansion-sells-for-120m-setting-california-real-estate-record/
______________________________________________________________________________________________________________
Most Expensive Listing in the U.S. Is
Now $50 Million Cheaper
The Los Angeles property dubbed Chartwell had a cool $50
million chopped from its asking price on Monday, taking its
price tag down to $195 million from the whopping $245 million
it was asking when it officially hit the market in October,
according to listing records.
______________________________________________________________________________________________________________
Evergreen Aviation founder’s Oregon
estate cost $18 million; auction bids
start at $2.25 million
More than $18 million was poured into the 46.6-acre property
at 22111 Riverwood Road and yet, over the years, no one has
stepped up to buy it when the price was $6 million in April 2017
or after it dropped to $5 million in August 2017.
______________________________________________________________________________________________________________
Portland officials share details of
waterfront property plan with public
The town has been working since 2014 to acquire the 5.28-acre
property, which contains three parcels land that formerly served
as the home of the Connecticut Tar & Asphalt Co.
______________________________________________________________________________________________________________
 
Apple aims to turn Seattle into
‘engineering hub’
Apple plans to add 2,000 software and hardware jobs in Seattle
within the next five years, starting with 200 additional jobs this
year,
______________________________________________________________________________________________________________
Seattle Expansion Equates to HQ2
Presence for Salesforce
Salesforce’s recent $15.7-billion acquisition of Tableau Software
is likely to translate into a number of impacts that serve to drive
Seattle’s commercial real estate market. To start with, the
announcement that the San Francisco-based software company
will plant a flag in Seattle speaks volumes about its intentions to
compete with rivals Amazon or Microsoft for a headquarters-
type real estate profile
______________________________________________________________________________________________________________
King is one of few counties getting
younger as nation ages, census data
shows
King County is doing something that the great majority of
counties in the U.S. aren’t: It’s getting younger.
______________________________________________________________________________________________________________
____________________________________________________________________________________________________________  __
Market Hotness Index
Metro Hotness – Zip Code and County Hotness
___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials), 
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
_________________________________________________________________________________________________________________________________________________________________ 
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.                                                   
______________________________________________________________________________________________________________
Mortgage Market Survey Archive 
Compilation of Weekly Survey Data for 2018 
_________________________________________________________________________________________ ____________________o
Seattle Architectural Styles
      Through the Years 
Real Estate Changes by Decade
blog.seattlepi.com/seattlewaterfronthomes/2010/07/23/seattle-architectural-styles-through-the-years-real-estate-changes-by decade/                                                                                                                                                 _________________________________________________________________________________________ _________________________________
Seattle Gives Green Light to Northgate Mall
Redevelopment Plan with New NHL Seattle
Facility
 
The NHL is coming to Seattle, and the group that will
bring a team to the Emerald City has announced that
it would make its home at the Northgate Mall, where
developer Simon Property Group is looking to
transform an ageing retail destination into one of the
region’s most vibrant new neighborhoods and
experience centers. This week, the project owners
also received approval at a second Early Design
Guidance meeting to advance the revised plans for
the redevelopment that now include an ice hockey
center, offices for NHL Seattle, the team ownership,
and a second hotel.
 
 
 
 
“Ultimately there is no such thing as failure. There are
lessons learned in different ways.”
~ Twyla Tharp
__________________________
____________________________________________________________________________________
______________________________________________________________________________________________________________
Tech salaries grew 10% in
Seattle over 3 years, report
says — and workers still want
to move here
Not only do tech workers in Austin, Texas, enjoy a lower cost of
living than other major cities, but they are also seeing fattening
paychecks.
______________________________________________________________________________________________________________
Seattle’s tech workers earn
second-highest wages in the
world
Seattle’s booming tech sector has been cited as one of the
reasons the Emerald City has a strong economy.
______________________________________________________________________________________________________________
Oregon may pass housing
density bill
The Oregon Legislature is one vote away from passing a first-in-
the-nation law ending exclusive single-family zoning in much of
the state.
______________________________________________________________________________________________________________
Will Up-Zoning Make Housing
More Affordable?
Seattle’s housing market has been red-hot for almost a decade.
Across the Northwest’s largest metropolitan area, real estate is
not only expensive,
_______________________________________________________________________________________________________________
Oregon House Passes Bill to
Increase Housing Density
The Oregon House passed HB 2001, a bill that prevents cities
from the exclusive use of single-family housing. According to
reporting by OPB, this first-in-the-nation measure passed on a
bipartisan 43-16 vote and now moves to the Oregon Senate.
HB 2001 follows closely behind Minneapolis which banned
single-family housing in December.
______________________________________________________________________________________________________________
Home Sales and Prices are
Declining-Seattle – An Exception
or Trend Leader?
Seattle is a massive metropolitan area that overall is referred to
as the Seattle-Bellevue-Tacoma metro
______________________________________________________________________________________________________________
 
An Investor’s View on the
Portland Multifamily Market
Pathfinder Partners Senior Managing Director Mitch Siegler
discusses value-add opportunities in Portland, investment
strategies, as well as the biggest challenge in the sector today.
__________________________________________________________________________________________________________
Seattle is ‘a notable exception’
for stalled home prices
In recent years Seattle was a standout among major U.S. cities
for its soaring home prices. Now, it’s an exception for home
prices that stood still.
______________________________________________________________________________________________________________
Apple to Expand Its Footprint in
Seattle With Office Lease
The company signed a lease for office space at 333 Dexter in the
South Lake Union neighborhood.
__________________________________________________________________________________________________________
Apple to unveil details of
massive Seattle expansion at
big new office complex in
Amazon’s backyard
It’s been six months since Apple said it would dramatically e
xpand its Seattle operations, and it appears the tech giant has
found a landing spot — right in Amazon’s backyard.
______________________________________________________________________________________________________________
Apple doubles down on Seattle
with plans to employ 2,000
people in ‘key engineering hub’
In the heart of the neighborhood where Amazon has made its
home, Seattle Mayor Jenny Durkan said Monday that she was
interested in talking about a “different HQ2,” as she welcomed
Apple and that tech giant’s plans for a significant expansion in
the city.
______________________________________________________________________________________________________________
One of the first mansions in
Seattle offers panoramic views
of the Olympics and the
Cascades
The original homeowner used to hunt in the Queen Anne Forest
in 1902 – Unreal Estate
______________________________________________________________________________________________________________
Home prices dropping in the
Seattle metro area, new report
finds
Home prices in the Seattle metro area fell last month, according
to a new report released Monday.
______________________________________________________________________________________________________________
Zero Interest Rates Ahead?
Reflecting on the latest budget projections from the
Congressional Budget Office, which show relentlessly rising debt
and interest costs over the next 30 years, Bloomberg’s Noah
Smith says that one possible response to the problem involves a
policy economists call “fiscal dominance.”
______________________________________________________________________________________________________________
Five-Story New York City
Penthouse With Private Pool
And Hot Tub Lists For $98
Million
A five-floor, 19,000-square-foot penthouse north of Madison
Square Park in Manhattan, featuring more than 4,500 square
feet of outdoor space with a private lap pool and glass-walled
hot tub, has hit the market for $98 million,
__________________________________________________________________________________________________________
 
5 housing market predictions
from Seattle’s top economists
Expect a return to balance for the Seattle-area housing market.
______________________________________________________________________________________________________________
The 10 most affordable beach
towns in America
Surprising sun-and-sand options that are a lot cheaper than the
Hamptons or Malibu
______________________________________________________________________________________________________________
 
A slew of big real estate
companies might soon be
fighting to buy your house
That’s the pitch from a new crop of real estate companies vying
for a share of the so-called “instant buyer” market. They allow a
homeowner to enter their address on a website and, if their
home checks certain boxes, get a cash offer on the spot.
______________________________________________________________________________________________________________
Prince Harry’s One-Time
Barbados Rental Is for Sale for
$40M—and It’s Blowing Our
Minds
With spacious interiors and views of the Caribbean Sea that
rival the best resorts in the world, the Cove Spring House is
literally fit for royalty. Here’s the inside scoop on this one-of-a-
kind villa and its mind-blowing amenities.
______________________________________________________________________________________________________________
June 2019 Housing Minute
Play
View on YouTube (link is external)
Both pending and existing home sales rose on a month over
month basis in May.
______________________________________________________________________________________________________________
Pending Home Sales Bounce
Back 1.1% in May
Pending home sales increased in May, a positive variation from
the minor sales dip seen in the previous month, according to the
National Association of Realtors®. Three of the four major
regions saw growth in contract activity, with the West
experiencing a slight sales decline.
______________________________________________________________________________________________________________
____________________________________________________________________________________________________________  __
Market Hotness Index
Metro Hotness – Zip Code and County Hotness
___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials), 
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
_________________________________________________________________________________________________________________________________________________________________ 
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.                                                   
______________________________________________________________________________________________________________
Mortgage Market Survey Archive 
Compilation of Weekly Survey Data for 2018 
_________________________________________________________________________________________ ____________________o
Seattle Architectural Styles
      Through the Years 
Real Estate Changes by Decade
blog.seattlepi.com/seattlewaterfronthomes/2010/07/23/seattle-architectural-styles-through-the-years-real-estate-changes-by decade/                                                                                                                                                 _________________________________________________________________________________________ _________________________________
Seattle Gives Green Light to Northgate
Mall Redevelopment Plan with New
NHL Seattle Facility
 
The NHL is coming to Seattle, and the group that will
bring a team to the Emerald City has announced that
it would make its home at the Northgate Mall, where
developer Simon Property Group is looking to
transform an ageing retail destination into one of the
region’s most vibrant new neighborhoods and
experience centers. This week, the project owners
also received approval at a second Early Design
Guidance meeting to advance the revised plans for
the redevelopment that now include an ice hockey
center, offices for NHL Seattle, the team ownership,
and a second hotel.
 
 
 
_________________________________________________________________________________________________
 
 
 
 
 
“Summer is very precious.”
— Dylan Lauren
 
Report: 3 Washington cities rank
in the top 10 for lakeside living
Washington beach towns didn’t rank high in a recent study, but
lakeside living proved to be popular in the Pacific Northwest.
Swipe through to see which cities have the best lake vibes.
______________________________________________________________________________________________________________
Peak real estate season is here
— and with it the hottest market
since July 2018
The consensus among Western Washington brokers is pretty
clear: The market is not as feverish as it was last year. But this
spring’s peak real estate season is still going to get pretty hot.
______________________________________________________________________________________________________________
Seattle’s tech workers earn
second-highest wages in the
world
Seattle’s booming tech sector has been cited as one of the
reasons the Emerald City has a strong economy.
______________________________________________________________________________________________________________
Refinance Activity Surges on a
Year-over-Year Basis
Data from the latest survey of the Mortgage Bankers
Association’s Weekly Application Survey show small year-over-
year gains in purchasing activity and larger year-over-year gains
in refinancing activity.
_______________________________________________________________________________________________________________
S&P 500 closes at new record as
Wall Street bets Fed will lower
rates, Dow surges nearly 250
points
Stocks rallied on Thursday, led by strong gains in tech and
energy shares, as Wall Street cheered the possibility that the
Federal Reserve will cut interest rates next month.
__________________________________________________________________________________________________________
The Ritz-Carlton brand Coming
to Portland
Marriott International, Inc. has signed an agreement with
developer BPM Real Estate Group to bring its Ritz-Carlton
brand for the first time to Portland and the Pacific Northwest
______________________________________________________________________________________________________________
Still competitive: Homes stayed
on the market an average of 26
days and prices were up nearly
5% compared to a year ago
The numbers: Existing-home sales were at a 5.34 million
seasonally adjusted annual pace in May, the National
Association of Realtors said Friday.
__________________________________________________________________________________________________________
6 Tips for Summer Lawn Care
Don’t you hate it when the grass is greener at your next door
neighbor’s place? Follow these tips to manifest the lawn of your
life.
______________________________________________________________________________________________________________
NewHeight Group breaks ground
on luxury condos in Portland
NewHeight Group, a real estate development group in Portland,
broke ground June 18 on Verdante at Lincoln Park, a 31-unit
condominium project in Portland’s East End. The 65,000-
square-foot building will be located across from Lincoln Park,
along Franklin and Federal streets featuring, according to a
news release.
______________________________________________________________________________________________________________
America’s 25 least affordable
housing markets: California
home to 17 of them
Housing affordability in the United States is getting worse, with
some experts even calling it a crisis. According to a new housing
report, median home prices in the first quarter of 2019 were not
affordable for average wage earners in over 70% of the nation’s
largest counties.
______________________________________________________________________________________________________________
Tyra Banks lands her next home
project in Pacific Palisades
Supermodel, television host and celebrity home-flipper Tyra
Banks has bought a Pacific Palisades home for a little over $3
million.
______________________________________________________________________________________________________________
Best Places To Retire In Each 
State 2018
We compiled our list of the Best Places To Retire In Each State
by comparing data on more than 650 places across all 50 states.
______________________________________________________________________________________________________________
10 ways cities are tackling the
global affordable housing crisis
Research finds that only 10% of cities worldwide are affordable.
______________________________________________________________________________________________________________
Google Pledges to Invest $1
Billion to Ease Bay Area
Housing Crisis
Now Google, saying it wants to be a “good neighbor,” has plans
to provide some relief. On Tuesday, it pledged to invest $1 billion
in land and money to build homes.
______________________________________________________________________________________________________________
Five-Story New York City
Penthouse With Private Pool
And Hot Tub Lists For $98
Million
A five-floor, 19,000-square-foot penthouse north of Madison
Square Park in Manhattan, featuring more than 4,500 square
feet of outdoor space with a private lap pool and glass-walled
hot tub, has hit the market for $98 million,
__________________________________________________________________________________________________________
 
5 housing market predictions
from Seattle’s top economists
Expect a return to balance for the Seattle-area housing market.
______________________________________________________________________________________________________________
Soak up the sun with this house
boat on Portage Bay for almost
$1.4 million
Seattle’s been enjoying some breathtaking weather lately, with
the heat making the prospect of a quick dip in the lake
imminently appealing. What better way to soak it all up than in
a houseboat?
______________________________________________________________________________________________________________
 
A slew of big real estate
companies might soon be
fighting to buy your house
That’s the pitch from a new crop of real estate companies vying
for a share of the so-called “instant buyer” market. They allow a
homeowner to enter their address on a website and, if their
home checks certain boxes, get a cash offer on the spot.
______________________________________________________________________________________________________________
Former WWII Naval fortress is
now a mansion for sale on
Bainbridge
A grand Bainbridge Island estate fits the definition of
permanence and reflects an important piece of history dating
back nearly 80 years.
______________________________________________________________________________________________________________
Stacking up evidence of
Seattle’s growth in the 1880s
“The inhabitants of Seattle, who numbered 3,533 in 1880 and
9,786 in 1885, increased in number to 12,167 in 1887 and
to 19,116 in 1888.
______________________________________________________________________________________________________________

______________________________________________________________________________________________________________

Market Hotness Index
Metro Hotness – Zip Code and County Hotness
___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials), 
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
_________________________________________________________________________________________________________________________________________________________________ 
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.                                                   
______________________________________________________________________________________________________________
Mortgage Market Survey Archive 
Compilation of Weekly Survey Data for 2018 
_________________________________________________________________________________________ ____________________o
Seattle Architectural Styles
      Through the Years 
Real Estate Changes by Decade
blog.seattlepi.com/seattlewaterfronthomes/2010/07/23/seattle-architectural-styles-through-the-years-real-estate-changes-by decade/                                                                                                                                               __________________________________________________________________________________________________________________________
Seattle Gives Green Light to Northgate
Mall Redevelopment Plan with New
NHL Seattle Facility
 
The NHL is coming to Seattle, and the group that will
bring a team to the Emerald City has announced that
it would make its home at the Northgate Mall, where
developer Simon Property Group is looking to
transform an aging retail destination into one of the
region’s most vibrant new neighborhoods and
experience centers. This week, the project owners
also received approval at a second Early Design
Guidance meeting to advance the revised plans for
the redevelopment that now include an ice hockey
center, offices for NHL Seattle, the team ownership,
and a second hotel.
__________________________________________________________________________________________________
 
 
“Being deeply loved by someone gives you strength, while 
loving someone deeply gives you courage.”
― Lao Tzu
__________________________
____________________________________________________________________________________
______________________________________________________________________________________________________________
Home-price increases in the
Seattle area slow along with the
rest of the country
Though locally home prices still lag behind major cities
__________________________________________________________________________________________________________
Mortgage rates plummet to
lowest levels in nearly 2 years
The 15-year fixed-rate average hit 3.28% this week, the lowest
rate since September 2017
______________________________________________________________________________________________________________
Come aboard $2M floating home
in Mallard Cove
A$2M on the lake in Seattle’s Mallard Cove could be yours.
______________________________________________________________________________________________________________
Builders’ Use of Drones Remains
Widespread, Mostly for
Promotional Photos
Well over 40 percent of builders continue to use aerial drones,
according to special questions on the March 2019 survey for the
NAHB/Wells Fargo Housing Market Index (HMI).
______________________________________________________________________________________________________________
Seattle housing market stays
cool, while Tacoma and suburbs
keep up the heat
The Puget Sound housing market continues to splinter into hot
and cold sectors — with substantially more heat the farther
south you move — but the trend may be moderating as buyers
and sellers adjust their expectations.
______________________________________________________________________________________________________________
Steve Miller Sells Island
Compound for Less Than Half
the Original Asking Price
Rocker Steve Miller’s remarkable retreat in the San Juan
Islands finally sold for $8.5 million. The property was originally
listed for $20 million.
_______________________________________________________________________________________________________________
 
Realtor.com boss is out
Ryan O’ Hara, who for over four years has spearheaded Rupert
Murdoch‘s push into the real-estate listings space as chief
executive of Realtor.com operator Move Inc., has left the
company, News Corp. announced Thursday.
______________________________________________________________________________________________________________
Home flipping is at highest rate
in nearly a decade: report
The rising rate comes as profits are dropping in a softening
housing market
______________________________________________________________________________________________________________
Jim Grant: Low Interest Rates
Forever? Don’t Get Used to That
Idea
Interest rates tend to change course only once or twice a
generation. In 1981, investors could look back on 35 years of
generally rising rates. In 2016, a different generation of investors
could look back on 35 years of generally falling rates. In bonds,
you can profitably spend a whole career not changing your mind.
______________________________________________________________________________________________________________
U.S. CITIES EXPERIENCING
DOWNWARD PRESSURE ON
HOUSING MARKETS
Currently, 19 of the 23 metropolitan markets tracked in the
index are in rent territory suggesting that, on average, an
individual family would be better off renting and reinvesting in
a portfolio of stocks and bonds as opposed to building wealth
through equity accumulation from homeownership.
__________________________________________________________________________________________________________
Seattle Town Houses Are Going
Green
 
For about $1 million, you can move into a new, eco-friendly
town house
______________________________________________________________________________________________________________
A parent dies, leaving you the
house. Now what?
After finding a real estate agent with estate sale experience,
Carlson got up to speed on probate, learned about local building
codes and repairs that needed to be made, and even told her
father’s friend, who had been staying in the cabin, he’d have to
move.
______________________________________________________________________________________________________________
A unified vision for our housing
future starts with backyard
cottages
 
Within the next decade, Washington is expected to grow by
nearly 1 million people. We are already in the midst of a housing
shortage with no end in sight. We need a unified vision for
housing that ensures all Washingtonians have a home they can
afford.
Seattle councilmember
proposes houses not be bigger
than 50% of lot size
A Seattle City Council committee on Wednesday discussed
sweeping changes that could change the landscape of city
neighborhoods for years to come.
______________________________________________________________________________________________________________
State of the U.S. housing market
Skylar Olsen, Zillow’s Director of Economic Research, joined
‘The Final Round’ to discuss the health of the housing market.
______________________________________________________________________________________________________________
Open houses can be stressful.
These tips can help
Most sellers dread open houses. It’s not just that they’ve had to
spend time making their home immaculate or that they’ve had
to find a place to keep their dog. It’s also the idea of a bunch of
strangers trooping through their home, judging it, leaves them
cold.
______________________________________________________________________________________________________________
Pending Home Sales Trail Off
1.5% in April
Pending home sales declined in April, a modest change from the
growth seen a month before, according to the National
Association of Realtors®. Only one of the four major regions –
the Midwest – experienced growth, while the remaining three
regions reported a drop in their respective contract activity.
__________________________________________________________________________________________________________
U.S. Household Wealth Hits a
Record in First Quarter
U.S. household wealth rebounded to a record in the first quarter
as the stock market recovered from a plunge in the prior period,
supporting consumers after Federal Reserve interest-rate hikes
and trade-war shocks rattled investors late last year.
___________________________________________________________________________________________________ 
___________________________________________________________________________________________________
Market Hotness Index
Metro Hotness – Zip Code and County Hotness
___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials), 
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
_________________________________________________________________________________________________________________________________________________________________ 
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.                                                   
______________________________________________________________________________________________________________
Mortgage Market Survey Archive 
Compilation of Weekly Survey Data for 2018 
_________________________________________________________________________________________ ____________________o
Seattle Architectural Styles
      Through the Years 
Real Estate Changes by Decade
blog.seattlepi.com/seattlewaterfronthomes/2010/07/23/seattle-architectural-styles-through-the-years-real-estate-changes-by decade/                                                                                                                                                 _________________________________________________________________________________________ _________________________________
Seattle Gives Green Light to Northgate
Mall Redevelopment Plan with New
NHL Seattle Facility
 
The NHL is coming to Seattle, and the group that will
bring a team to the Emerald City has announced that
it would make its home at the Northgate Mall, where
developer Simon Property Group is looking to
transform an ageing retail destination into one of the
region’s most vibrant new neighborhoods and
experience centers. This week, the project owners
also received approval at a second Early Design
Guidance meeting to advance the revised plans for
the redevelopment that now include an ice hockey
center, offices for NHL Seattle, the team ownership,
and a second hotel.
 
Thomas Jefferson
“In matters of style, swim with the current;
in matters of principle, stand like a rock.”
__________________________
____________________________________________________________________________________
______________________________________________________________________________________________________________
The residential real estate
business needs digital
disruption
Residential real estate’s organizational and incentive structure
reflects a different era, when most business was local and
consumers weren’t empowered by technology.
______________________________________________________________________________________________________________
Housing crisis has Seattle
weighing end of single-family
zoning
Can the city solve its housing crisis by doing away with
single-family zoning?
_______________________________________________________________________________________________________________
 
22% of Home Buyers Expect
House Search to Get Easier
Soon
In the first quarter of 2019, adults planning a home purchase
(i.e. prospective buyers) were asked about their expectations for
housing availability in the near future. Results show that 22%
expect the search for a home to become easier in the months
ahead, an improvement over the 16% who had that same
expectation a year earlier
______________________________________________________________________________________________________________
Number of homes on the market
increased as sales slowed
Homebuyers in Salt Lake City, Atlanta and other big U.S.
metropolitan areas are seeing a pickup in the number of homes
for sale
______________________________________________________________________________________________________________
Falling Interest Rates Not
Enough to Increase Mortgage
Applications
A fresher in the real estate world could think the recent fall in
interest rates across the nation’s housing market is enough to
woo people into mortgage applications. In reality, this is not so.
Stakeholders and mortgage hunters are finding it hard to believe
the recent outcome of events in the housing markets. In the past
week, financial houses and real estate analysts put together
figures that didn’t meet investors expectations.
______________________________________________________________________________________________________________
Fed’s patience on interest rates
to last ‘for some time’
U.S. Federal Reserve officials at their last meeting agreed that
their current patient approach to setting monetary policy could
remain in place “for some time,” a further sign policymakers see
little need to change rates in either direction.
______________________________________________________________________________________________________________
With interest rates at 2019 lows,
how to decide whether to
refinance your mortgage
More people are pursuing refinances as mortgage rates have
dropped
__________________________________________________________________________________________________________
Blue-Collar and Service Workers
Fare Better Outside Superstar
Cities
How much money do workers have after paying housing costs?
For working-class and service workers in superstar cities, the
affordable housing crisis hits harder.
__________________________________________________________________________________________________________
62 West Seattle units sell for
$19M
SEATTLE — The Strata on California apartments, at
6312 California Ave. S.W., have sold for a little under
$18.7 million,
 
______________________________________________________________________________________________________________
US home sales fell 0.4% in April
amid limited supply
U.S. home sales slipped 0.4% in April, as would-be homebuyers
face affordability challenges and a limited supply of starter
houses.
______________________________________________________________________________________________________________
Spain’s richest person bets
billions on prime US real estate
That followed purchases within the past six months of a building
in Washington’s central business district and two Seattle offices
leased by Amazon.com Inc. for a combined $1.1 billion.
______________________________________________________________________________________________________________
Amazon working on device that
can read human emotions
Amazon.com Inc. is developing a voice-activated wearable device
that can recognise human emotions.
______________________________________________________________________________________________________________
Reserve Bank poised to cut
interest rates in June
The Reserve Bank governor has given the strongest indication
yet that interest rates will be cut in June.
______________________________________________________________________________________________________________
The New Housing Market – Hard
to Believe?
Is it possible to conclude that over the past 20 years we have
accumulated a shortage that could theoretically be as high a four
million new homes!
______________________________________________________________________________________________________________
King County’s condo prices
continue to fall as market gets
new inventory
Unlike single-family homes, condo inventory is generally
keeping up
______________________________________________________________________________________________________________
In high-rise cities like Seattle,
can Chinatowns survive?
The specter of unwanted change has loomed over a quiet corner
of Seattle’s Chinatown-International District for nearly the past
four years. A mixed-use building, including a 168-unit Springhill
Suites hotel, has been on the drawing boards right across the
street from the Denise Louie Educational Center
__________________________________________________________________________________________________________
The highest-paid CEOs by state
Here are the top paid CEOs by state for 2018, as calculated by
The Associated Press and Equilar, an executive data firm.
______________________________________________________________________________________________________________
 
5 Essential Home Pieces for
Seattle Nature Lovers
Integrating indoor and outdoor spaces is critical in
nature-loving Seattle. These pieces make it easy to achieve, and
look good, too
______________________________________________________________________________________________________________
AIA Home of Distinction: Couple
Thinks Small in WA’s Methow
Valley
For an adventurous couple, small living in Washington’s
Methow Valley offers big benefits
______________________________________________________________________________________________________________
The most significant action a
seller can take? Staging.
Marina and Daniel Ein acquired an extraordinary collection of
Oriental rugs, antiques and art over a lifetime of travel. When it
came time to sell their 5,500-square-foot house in the
District of Columbia, they assumed the furnishings would add
to the appeal
__________________________________________________________________________________________________________
How Bellevue Built A City That
Amazon Couldn’t Resist
When Amazon announced it was seeking a destination for its
second headquarters, or HQ2, cities across the country jumped a
t the chance to host the tech giant. Economic development
committees touted tax incentives and flaunted infrastructure
plans to woo the job-generating powerhouse to their neck of the
woods.
__________________________________________________________________________________________________________
Millennial Reality
Over the past 10 years we have been barraged by news of the
millennial generation who are charting a new course with
different values impacting housing, retailing, the workplace,
social mores, and a host of other ways that are changing society.
___________________________________________________________________________________________________
___________________________________________________________________________________________________
Market Hotness Index
Metro Hotness – Zip Code and County Hotness
___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials), 
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
_________________________________________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.                                                  
______________________________________________________________________________________________________________
Mortgage Market Survey Archive 
Compilation of Weekly Survey Data for 2018 
_____________________________________________________________________________________________________________o
Seattle Architectural Styles
      Through the Years 
Real Estate Changes by Decade
blog.seattlepi.com/seattlewaterfronthomes/2010/07/23/seattle-architectural-styles-through-the-years-real-estate-changes-by decade/                                                                                                                                               __________________________________________________________________________________________________________________________
Seattle Gives Green Light to Northgate
Mall Redevelopment Plan with New
NHL Seattle Facility
 
The NHL is coming to Seattle, and the group that will
bring a team to the Emerald City has announced that
it would make its home at the Northgate Mall, where
developer Simon Property Group is looking to
transform an ageing retail destination into one of the
region’s most vibrant new neighborhoods and
experience centers. This week, the project owners
also received approval at a second Early Design
Guidance meeting to advance the revised plans for
the redevelopment that now include an ice hockey
center, offices for NHL Seattle, the team ownership,
and a second hotel.
 
 
 
“All things seem possible in May.”
~Edwin Way Teale
 
 
Why the Downsize Move Is the
New Move
As one of the tax favorable states in the nation and a “mostly
sunny” weather forecast year-round, Florida continues to be the
select location for a large pool of buyers that includes affluent
consumers and retirees.
______________________________________________________________________________________________________________
Curb-less Showers Now Among
the Most Common
Aging-In-Place Projects
It probably comes as little surprise to most readers that
bathroom projects dominated the top spots.  Over 80 percent of
remodelers who answered the question reported installing grab
bars, higher toilets and curb-less showers.
______________________________________________________________________________________________________________
 
“Seriously Delinquent” Loans
Decline
The quarterly National Delinquency Survey from the Mortgage
Bankers Association shows a decline in the serious delinquency
rate across all the categories of loans, continuing the downward
trend that has persisted since the middle of the Great Recession.
__________________________________________________________________________________________________________
Core Inflation Unchanged in
April
In April, core inflation remained unchanged. And, overall
inflation decreased as increases in energy prices slowed and the
food index fell.
______________________________________________________________________________________________________________
Mortgage rates head down for
the third week in a row
According to the latest data released Thursday by Freddie Mac,
the 30-year fixed-rate average dipped to 4.07 percent with an
average 0.5 point. (Points are fees paid to a lender equal to 1
percent of the loan amount and are in addition to the interest
rate.) It was 4.10 percent a week ago and 4.61 percent a year
ago. The 30-year fixed rate has gone down for three weeks in a
row.
______________________________________________________________________________________________________________
Seattle housing prices drop
amid a glut of homes for sale,
study finds
Seattle is one of only five cities in the nation where home prices
are lower now than they were at the same time last year,
according to a newly released report.
______________________________________________________________________________________________________________
U.S. Home Prices Resume
Growth, Up 2.8% in April
Sales flattened as housing supply rose 3.1%, the smallest year-
over-year increase in 7 months
__________________________________________________________________________________________________________
Home values falling in Portland
metro, index says
It’s no longer just a slowdown: Portland-area home prices have
begun to slide after a long post-recession boom, according to
one industry measure.
__________________________________________________________________________________________________________
Microsoft treads cautiously as
it plans to deploy $500M
affordable housing fund in
Seattle region
Microsoft made a big splash in January with the surprise
announcement of a $500 million commitment to increase
the supply of affordable housing in its hometown, the largest
philanthropic gift in the company’s history.
______________________________________________________________________________________________________________
Washington is best state in
America, Seattle is 2nd-fittest
city, studies find
he ranking, announced Tuesday by U.S. News & World Report,
says the home of Amazon, Microsoft, Starbucks and Boeing
earned the No. 1 ranking based on several criteria, including
health care, education, economy and opportunity.
______________________________________________________________________________________________________________
Is sea rise wrecking coastal
home values? The answer:
Maybe
Some research suggests rising sea levels and flooding brought
by global warming are harming coastal property values, but
how much is an open question
______________________________________________________________________________________________________________
The real estate market is hot
again — unless you’re selling a
luxury home
“It’s a seller’s market again and buyers need to be ready — or
they’re not going to get a home, ” said one real estate expert.
______________________________________________________________________________________________________________
Inslee signs bill to change
eviction rules
Washington Gov. Jay Inslee has signed a bill overhauling
eviction rules, an effort designed to help people stay in their
homes as the state deals with a housing crisis.
______________________________________________________________________________________________________________
April showers brought more
good news for home buyers,
but inventory is still below
‘balanced’
But Seattle-area real estate buyers are getting smarter
______________________________________________________________________________________________________________
Why Washington Is the Best
State in America
Cleaner energy and a booming tech sector help the Evergreen
State lead the nation in the 2019 U.S. News Best States ranking.
______________________________________________________________________________________________________________
 
Seahawks QB Russell Wilson
buys his mom a home for
Mother’s Day
The Seahawks’ franchise quarterback, less than a month after
signing his richest-ever NFL contract, bought his mom a new
home. Her reaction says it all.
______________________________________________________________________________________________________________
Seattle is the best city for real
estate agents — largely
independent of them
Location is important for buyers, sellers, and agents
alike
__________________________________________________________________________________________________________
Seattle City Council cleared to
consider ADU dwelling units
Mother-in-law apartments and backyard cottages might be
coming to a ‘hood near you
__________________________________________________________________________________________________________
Who’s Searching for Homes in
Your Neighborhood: Locals or
Out-of-Towners?
In metros where housing costs are higher, out-of-towners’
searches skew towards relatively expensive neighborhoods.
But in cheaper metros the opposite is true – out-of-towners
target less pricey areas.
______________________________________________________________________________________________________________
Best Paying States for Physician
Assistants in 2019
  1. Washington – 2019 PA Salary $120,20
 
______________________________________________________________________________________________________________
 
Big sellers will take a hit with
new Washington real estate tax
Despite objections from the real estate industry, Washington
lawmakers changed the state’s real estate excise tax rate (REET)
for the first time in 30 years.
(Subscription Required)
______________________________________________________________________________________________________________
Washington Legislature Enacts
B&O Tax Rate Increase and
Real Estate Excise Tax Changes
The 2019 Washington legislative session has ended, but it was a
busy year in terms of tax related bills. The enacted legislation
includes business and occupation (“B&O”) tax increases on
certain service businesses and financial institutions, changes to
the international investment management B&O tax
classification, and a move to a graduated real estate excise tax.
___________________________________________________________________________________________________
___________________________________________________________________________________________________
Market Hotness Index
Metro Hotness – Zip Code and County Hotness
___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials), 
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
_________________________________________________________________________________________________________________________________________________________________ 
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.                                                   
______________________________________________________________________________________________________________
Mortgage Market Survey Archive 
Compilation of Weekly Survey Data for 2018 
_________________________________________________________________________________________ ____________________o
Seattle Architectural Styles
      Through the Years 
Real Estate Changes by Decade
blog.seattlepi.com/seattlewaterfronthomes/2010/07/23/seattle-architectural-styles-through-the-years-real-estate-changes-by decade/                                                                                                                                                 _________________________________________________________________________________________ _________________________________
Seattle Gives Green Light to Northgate
Mall Redevelopment Plan with New
NHL Seattle Facility
 
The NHL is coming to Seattle, and the group that will
bring a team to the Emerald City has announced that
it would make its home at the Northgate Mall, where
developer Simon Property Group is looking to
transform an ageing retail destination into one of the
region’s most vibrant new neighborhoods and
experience centers. This week, the project owners
also received approval at a second Early Design
Guidance meeting to advance the revised plans for
the redevelopment that now include an ice hockey
center, offices for NHL Seattle, the team ownership,
and a second hotel.
______________________________________________________________________________________________
 
 
 
 
 
 
 
 
 
 
 
 
 
 
“Mama was my greatest teacher, a teacher of compassion,
love and fearlessness. If love is sweet as a flower, then my
mother is that sweet flower of love.”
~Stevie Wonder
__________________________
____________________________________________________________________________________
______________________________________________________________________________________________________________
These Are the Best Days of the
Year to Sell Your Home
If you’re on the fence about listing your home, now is the
perfect time to take the dive. According to a recent ATTOM
Data Solutions analysis, 19 of the 20 best days to sell during
the calendar year fall in May or June.
______________________________________________________________________________________________________________
Tech Tools Should Advance—
Not Replace—Relationships
 
While technology is vital to real estate success, practitioners
should constantly review their tools to determine whether they
have outlived their usefulness, says
______________________________________________________________________________________________________________
 
Good News: There Are More
Starter and Trade-Up Homes.
Bad News: It’s Not What You
Think
For the first time since Q3 2016, the number of U.S. homes for
sale did not decline year-over-year in Q1. Although the
inventory of premium homes fell 4.5%, the inventory of starter
and trade-up homes rose 3.5% and 4.8%, respectively,
compared to a year ago.
__________________________________________________________________________________________________________
Northwest MLS Housing Report
for April Signals Good News for
Home Buyers
Housing activity during April signaled good news for buyers in
Western Washington as inventory continued to grow, the rate
of price increases was slowing in many areas (and even
decreasing in a few counties), and mortgage rates remained low.
______________________________________________________________________________________________________________
Record Setting 22 Percent of all
Millennials in U.S. Still Live with
Mom
Based on new research by Zillow, more people age 23-37 are
living with their moms in the U.S. than at any time this century.
Nearly 22% of American millennials – more than 14 million in
total – live with their mom or both parents, the highest share for
this age group since at least 2000.\
______________________________________________________________________________________________________________
U.S. Foreclosures Down to
Lowest Levels Since 2008
According to ATTOM Data Solutions newly released Q1 2019
U.S. Foreclosure Market Report, a total of 161,875 U.S.
properties with a foreclosure filing during the first quarter of
2019, down 23 percent from the previous quarter and down 15
percent from a year ago to the lowest level since Q1 2008.
______________________________________________________________________________________________________________
Power is Shifting To Buyers in
Most California Housing Markets
in 2019 ( Seattle #7 and Portland #8
on Market cool down list.)
 
High prices still make it difficult to afford a home in many US
markets
__________________________________________________________________________________________________________
Who’s Searching for Homes in
Your Neighborhood: Locals or
Out-of-Towners?
In metros where housing costs are higher, out-of-towners’
searches skew towards relatively expensive neighborhoods. But
in cheaper metros the opposite is true – out-of-towners target
less pricey areas.
__________________________________________________________________________________________________________
Where the Next Buyer Is Coming
From! We Are The CB the Real
Estate Brand Harnessing
Artificial Intelligence & Machine
Learning
We have the best system to predict where the next buyer is
coming from with CBx. Only our company and brand can offer
you this. ”Competitors talk about big data and AI being the
future of real estate. At Coldwell Banker, the future is already
here.
______________________________________________________________________________________________________________
These Homes Are Thoroughly
Modern for $1.5 Million
A classic midcentury-modern in Magnolia, and 21st-century
mods in Madison Park and Kirkland
______________________________________________________________________________________________________________
Seattle Luxury Living: The
Mandarin Guide to Seattle and
the East Side
From the Seattle magazine team, a regional introduction for
international newcomers.
www.seattlemag.com/news-and-features/seattle-luxury-living-mandarin-guide-seattle-and-east-side______________________________________________________________________________________________________________
Seattle home prices fall as
market become less emotional
Buyers and sellers are approaching the market “with more
caution and a focus on an analytical versus emotional approach,”
(Subscription Required)
______________________________________________________________________________________________________________
Portland area real estate: 15
most in-demand neighborhoods
A cooler, calmer housing market is settling in across the
Portland metro area. Homes are selling more slowly and
prices aren’t rising at the frenetic pace of a few years ago
______________________________________________________________________________________________________________
Young Real Estate Flippers Get
Their First Taste of Losing
One property in Sunnyvale, near Apple Inc.’s headquarters, left
Pan and his partners with a $400,000 loss. “I ate it so hard,”
he says.
______________________________________________________________________________________________________________
In rapidly changing South Lake
Union, architecture tour sets
sights on what works in Seattle
tech hub
Anyone else who might have their own take on what’s being
built in SLU, or a desire to hear from professionals who could
offer that take, can take a walk of their own on Saturday with
the Seattle Architecture Foundation.
______________________________________________________________________________________________________________
Redfin’s losses shoot up 84% to
$67M as revenue rises 38% to
$110M
Redfin’s losses in the first quarter grew faster than revenue, but
the tech-powered real estate brokerage met or beat Wall Street
expectations on key metrics.
______________________________________________________________________________________________________________
 
Redfin looks to disrupt real
estate again with new program
letting homebuyers make direct
offers online without an agent
Redfin quietly launched a new feature that lets homebuyers
without an agent make offers on homes directly through its
website, bringing back an initiative the company first tried
more than a decade ago.
______________________________________________________________________________________________________________
Ex-Sonics stars Durant, Kemp
have put their mansions on the
market
Two of Seattle’s favorite former Sonics have been active
in the real estate market recently — one locally, and the
other in Southern California.
______________________________________________________________________________________________________________
Seattle-area homebuyers get
good news as prices cool,
choices grow — but competition
still hot in some spots
Seattle-area homebuyers have a bit of good news as the middle
of the housing market continues to come down from what one
local housing economist calls last summer’s “sugar high.”
(Subscription Required)
__________________________________________________________________________________________________________
Image is everything: Photos
help bring updated Portland
property values into focus
Ligon Durham and Erasmo Benitez of Plano, Texas,-based T
yler Technologies are photographing more than 20,000
properties, the images to be used as building blocks in an
ongoing revaluation that will determine property taxes in fiscal
year 2021.
__________________________________________________________________________________________________________
Remodeling to Age-In-Place
Remains Strong, Still Mostly for
Older Home Owners
According to NAHB’s Remodeling Market Index (RMI) survey
for the 4th quarter of 2018, over three-fourths of professional
remodelers undertake projects designed to allow home owners
to Age-in-Place.
______________________________________________________________________________________________________________
How ADU legislation could rein
in Seattle’s McMansions
Legislation to make backyard cottages more accessible could
also prevent future massive single-family homes
______________________________________________________________________________________________________________
 
18 wildflower hikes to explore
near Seattle
As more miles of paths become snow-free, the stunning
mountain views aren’t the only reward for hikers frolicking in
the thinning air.
______________________________________________________________________________________________________________
Prices of Building Materials
Edge Higher in April
Prices paid for goods used in residential construction increased
0.8% in April (not seasonally adjusted) according to the latest
Producer Price Index (PPI) released by the Bureau of Labor
Statistics. Prices have risen more quickly thus far in 2019
(+3.2%) than they did during the same period in 2018 (+2.8%)
and are at their highest level since last October
___________________________________________________________________________________________________ 
___________________________________________________________________________________________________
Market Hotness Index
Metro Hotness – Zip Code and County Hotness
___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials), 
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
_________________________________________________________________________________________________________________________________________________________________ 
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.                                                   
______________________________________________________________________________________________________________
Mortgage Market Survey Archive 
Compilation of Weekly Survey Data for 2018 
_________________________________________________________________________________________ ____________________o
Seattle Architectural Styles
      Through the Years 
Real Estate Changes by Decade
blog.seattlepi.com/seattlewaterfronthomes/2010/07/23/seattle-architectural-styles-through-the-years-real-estate-changes-by decade/                                                                                                                                                 _________________________________________________________________________________________ _________________________________
Seattle Gives Green Light to Northgate
Mall Redevelopment Plan with New
NHL Seattle Facility
 
The NHL is coming to Seattle, and the group that will
bring a team to the Emerald City has announced that
it would make its home at the Northgate Mall, where
developer Simon Property Group is looking to
transform an ageing retail destination into one of the
region’s most vibrant new neighborhoods and
experience centers. This week, the project owners
also received approval at a second Early Design
Guidance meeting to advance the revised plans for
the redevelopment that now include an ice hockey
center, offices for NHL Seattle, the team ownership,
and a second hotel.
 
______________________________________________________________________________________________________________________________________________________________________________________________________
 
“At last came the golden month of the wild folk– honey-sweet
May, when the birds come back, and the flowers come out,
and the air is full of the sunrise scents and songs of the
dawning year.”
― Samuel Scoville Jr.
__________________________
____________________________________________________________________________________
______________________________________________________________________________________________________________
New Wave Of Millennial Home
Buyers Sets The Stage For
Tighter Starter-Home Market
It’s about to get even harder for Millennials to buy their first
homes. Nearly 45 million Americans will reach the typical age
for first-time home buyers within the next 10 years, 3.1 million
more than the past decade, creating stumbling blocks in an
already challenging market for those racing for a spot in the
starter home market.
______________________________________________________________________________________________________________
The Top Five Most Popular
Destinations For Millennials To
Move And Stay
For generations, the bright lights and big opportunities of major
urban centers have lured potential first-time home buyers
looking for the right place to settle down.
 
______________________________________________________________________________________________________________
 
West Leads GDP Growth In 2018
Washington state recorded the highest growth rate at 5.7% was 
the leading contributors to the increase in real GDP
__________________________________________________________________________________________________________
Top Home Technology Features
According to the latest edition of NAHB’s study, What Home
Buyers Really Want, 46 percent of recent and prospective home
buyers want a security camera in their home, more than any
other home technology feature listed in the survey.
eyeonhousing.org/2019/05/top-home-technology-features/______________________________________________________________________________________________________________
What Home Buyers Want in 2019
Laundry rooms and energy-saving features such as Energy Star
appliances, windows and whole house certification are among
the most wanted home features
______________________________________________________________________________________________________________
$237M for housing projects
statewide
The Washington State Housing Finance Commission this spring
approved $237 million in financing for construction or
preservation of 966 affordable apartments statewide
______________________________________________________________________________________________________________
S&P/Case-Shiller WA-Seattle
Home Price Index
WA-Seattle Home Price Index
__________________________________________________________________________________________________________
 
S&P/Case-Shiller OR-Portland
Home Price Index
OR-Portland Home Price Index
fred.stlouisfed.org/series/POXRSA__________________________________________________________________________________________________________
Case-Shiller continues to show:
Seattle’s no longer the hottest
spot in the country
In their latest home price index report, Case-Shiller finds that
year over year nationwide home prices rose 4% in February,
the most recent month for which data was available. And
though that’s a drop from the month before (home prices rose
4.2% in January), it’s not as steep a drop in home growth as
Seattle, which grew 2.8% from a year ago.
______________________________________________________________________________________________________________
Pending Home Sales Skyrocket
in March, Signaling a Spring
Rebound for Housing
Rates for home loans slumped, another reminder of the “lower
for longer” conditions that have dogged financial markets since
the 2008 financial crisis.
______________________________________________________________________________________________________________
Home price growth screeches
to a 6 1/2-year low, Case-Shiller
says
Home price gains of 3% might be a sweet spot: some equity
appreciation for owners, a fighting shot for would-be buyers
______________________________________________________________________________________________________________
U.S. creates 263,000 jobs in
April, unemployment falls to
3.6%
The economy generated a stronger than expected 263,000
new jobs in April, helping to drive down the unemployment
rate to a 49-year low of 3.6%.
______________________________________________________________________________________________________________
Why That Personal Offer Letter
Doesn’t Always Work
Home buyers seeking an edge during offers are increasingly
writing personal offer letters directly to the seller to try to win
over their hearts. But a new article at realtor.com calls into
question whether this popular strategy works. In some cases,
it may backfire, some agents say.
______________________________________________________________________________________________________________
Mortgage rates tumble as one
economist waves the white flag
So far this year, the 30-year fixed has averaged 4.31%, down
from 4.54% in 2018
______________________________________________________________________________________________________________
Sell your home with a Realtor
or an algorithm? Maybe both.
Keller Williams, the sprawling national real estate franchisor,
plans to launch an instant offer service later this year, another
indication of the future path of residential real estate transactions.
______________________________________________________________________________________________________________
Instagrammable Moments In R
etail Design Were On Trend Even
Before Instagram Was Born
77 Degrees, a new rooftop bar in Midtown Houston, is an
Instagrammer’s dream. A dynamic view of Downtown, the
El Loco — a pineapple bowl stuffed with seasonal fresh fruits,
assorted gummy candies and Flaming Hot Cheetos drizzled
with chamoy and Tajin —  and a pair of bar swings are drawing
the eyes, and more importantly, the lenses, of visitors.
______________________________________________________________________________________________________________
 
Since 2008, Only High-Income
People Have Seen Their Housing Costs Drop
The 1 percent may be hoarding America’s wealth, but the 25
percent are hoarding its housing opportunity.
______________________________________________________________________________________________________________
Washington 2018 Labor Market
and Economic Annual Report:
Washington experienced
continued economic growth in
2018
Data in the 2018 Labor Market and Economic Report are
gathered by the Employment Security Department and
other government agencies, such as the Bureau of Labor
Statistics and the Census Bureau, as well as from the
private sector.
______________________________________________________________________________________________________________
The Dow Is Gaining After the
Federal Reserve Left Interest
Rates Unchanged
Job categories are aggregations of the detailed projects reported
in the AHS: Outside attachments include decks, porches, patios,
garages, and carports. Exterior replacements include roofing,
siding, windows, and doors. Interior replacements include f
looring, paneling, ceiling, and insulation. Systems and
equipment replacements include plumbing, electrical, HVAC,
and appliances. Lot or yard includes septic tanks; driveways or
walkways; fencing or walls; swimming pools, tennis courts, or
other recreational structures; sheds, detached garages, or other
detached buildings; and landscaping or sprinkler systems (only
since 2015).
__________________________________________________________________________________________________________
Seattle-area housing market
splits into 2 dramatically
different pieces
 
The Seattle-area housing market has clearly split into two: B
uyers looking for higher-end homes in pricier cities like Seattle
and Bellevue aren’t paying any more than they did a year ago.
__________________________________________________________________________________________________________
5 cheap ways to stage your
home like a pro
If you’re selling your house, the place has to look its best so
buyers can see its potential and imagine themselves living there.
That’s what home-staging is all about.
______________________________________________________________________________________________________________
Washington lawmakers pass tax
bills ahead of adjournment
The revenue package has several elements, including moving
the real estate excise tax from a flat tax to a graduated one based
on the selling price of the home.
______________________________________________________________________________________________________________
 
Renting in Seattle: What will
$2,400 get you?
We’ve rounded up the latest rental offerings via rental site
Zumper to get a sense of what to expect when it comes to
hunting down housing in Seattle with a budget of $2,400/
month.
______________________________________________________________________________________________________________
Spencer Rascoff reveals his
post-Zillow life after longtime
CEO departed real estate giant
in February
U.S. homebuilding dropped to a near two-year low in March,
pulled down by persistent weakness in the single-family unit s
egment, suggesting the housing market continued to struggle
despite falling mortgage rates.
 
___________________________________________________________________________________________________ 
___________________________________________________________________________________________________
Market Hotness Index
Metro Hotness – Zip Code and County Hotness
___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials), 
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
_________________________________________________________________________________________________________________________________________________________________ 
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.                                                   
______________________________________________________________________________________________________________
Mortgage Market Survey Archive 
Compilation of Weekly Survey Data for 2018 
_________________________________________________________________________________________ ____________________o
Seattle Architectural Styles
      Through the Years 
Real Estate Changes by Decade
blog.seattlepi.com/seattlewaterfronthomes/2010/07/23/seattle-architectural-styles-through-the-years-real-estate-changes-by decade/                                                                                                                                               __________________________________________________________________________________________________________________________
Seattle Gives Green Light to Northgate
Mall Redevelopment Plan with New
NHL Seattle Facility
 
The NHL is coming to Seattle, and the group that will
bring a team to the Emerald City has announced that
it would make its home at the Northgate Mall, where
developer Simon Property Group is looking to
transform an ageing retail destination into one of the
region’s most vibrant new neighborhoods and
experience centers. This week, the project owners
also received approval at a second Early Design
Guidance meeting to advance the revised plans for
the redevelopment that now include an ice hockey
center, offices for NHL Seattle, the team ownership,
and a second hotel.
______________________________________________________________
 

“If we give our children sound self-love, they will be able to
deal with whatever life puts before them.”
–bell hooks
__________________________
____________________________________________________________________________________
______________________________________________________________________________________________________________
The Week’s Most Expensive
Listing Is a $52M Megamansion
With the Coolest Pool We’ve
Ever Seen
A luxury home in Los Angeles almost always comes with a pool.
And you can bet we’ve seen quite a few high-end versions, from
indoor to edgeless. But this week’s most expensive new listing
might just take the grand prize for our favorite pool yet.
www.realtor.com/news/trends/most-expensive-new-listing-megamansion-with-cool-pool/
______________________________________________________________________________________________________________
6 Ways To Get Your Home
Ready For A Spring Sale
Selling your home in the spring doesn’t mean you have to
actually wait until spring to prepare your home for a sale. After
the holiday whirlwind of festivities and guests, it’s time to get
your house in order this winter for a successful spring sale.
www.forbes.com/sites/brendarichardson/2019/02/03/6-ways-to-get-your-home-ready-for-a-spring-sale/#70ca17d56f98
______________________________________________________________________________________________________________
Why You Should Sell Your Home
in 2019
Stein’s Law, an economic theory articulated by presidential
adviser Herb Stein in 1976, states that: “If something cannot go
on forever, it will stop.”

Strike While the Market’s Still Hot! 10 Data-Backed Reasons to Sell Your House in 2019


______________________________________________________________________________________________________________
Strike While the Market’s Still
Hot! 10 Data-Backed Reasons
to Sell Your House in 2019
Coldwell Banker Hero of the Year Award! Our own Michelle
McLean, Coldwell Banker Bain! The awards recognize Coldwell
Banker affiliated real estate professionals who exemplify the
core values of the organization

Coldwell Banker Real Estate Announces 2018 Leadership Award Winners


______________________________________________________________________________________________________________
Bathroom Linen Closets Are
Most Wanted Bathroom Feature
A majority of home buyers – 78 percent — expressed that a
‘linen closet in the master bathroom’ is a desirable (52 percent)
or an essential/must have bathroom feature (26 percent),
putting it in first place in the most wanted bathroom features
list (Figure 1).

Bathroom Linen Closets Are Most Wanted Bathroom Feature


______________________________________________________________________________________________________________
Consumer Confidence Slips in
March
After rebounding from the effects of the partial government
shutdown in February, consumer confidence unexpectedly
dropped in March. This is the fourth time decline in the past
five months.

Consumer Confidence Slips in March


__________________________________________________________________________________________________________
Job Gains in February
Total nonfarm employment, seasonally adjusted (SA) increased
by 2.5 million jobs, year-over-year (YoY), or 1.7% from February
2018 to February 2019. During this time, total nonfarm
employment in the Western and Southern regions increased by
1.7%. The Midwest and the Northeast recorded the lowest
gains at 0.7% and 0.8% respectively, during this time.

Florida Leads Job Gains in February


__________________________________________________________________________________________________________
Home prices in January see
smallest gain in nearly 4 years:
S&P Case-Shiller
Home prices are rising, but the gains are shrinking, since fewer
buyers are able to afford the homes available for sale.
www.cnbc.com/2019/03/26/home-prices-in-january-see-smallest-gain-in-nearly-4-years-sp-case-shiller.html
__________________________________________________________________________________________________________
S&P CoreLogic Case-Shiller
Seattle Home Price NSA Index
The S&P CoreLogic Case-Shiller Seattle Home Price NSA Index
measures the average change in value of residential real estate
in Seattle given a constant level of quality
fred.stlouisfed.org/series/SEXRNSA
______________________________________________________________________________________________________________
S&P/Case-Shiller OR-Portland
Home Price Index
S&P Dow Jones Indices LLC, S&P/Case-Shiller OR-Portland
Home Price Index [POXRSA], retrieved from FRED, Federal
Reserve Bank of St. Louis;
fred.stlouisfed.org/series/POXRSA
______________________________________________________________________________________________________________
Here’s what the first Tesla solar
roofs look like in the wild
Customers are sharing photos of the new solar tiles—and how
well they perform
www.curbed.com/2017/8/3/16090066/tesla-solar-roof-installation-elon-musk
______________________________________________________________________________________________________________
Top 15 Home Features That Will
Sell Your Home Fast—and for
More Cash
It’s one of the (many) high-stakes gambles of homeownership:
that awesome new feature or design improvement you’ve been
wishin’ and hopin’ (and of course savin’) for might ultimately
hurt, not help, your place’s resale value.
www.realtor.com/news/trends/top-15-home-features-to-boost-your-homes-value-and-sell-it-faster/?identityID=5ba13acfad01bfed780047ca&MID=2019_0322_WeeklyNL&RID=5430775982&cid=eml_promo_Marketing_NonPRSL_WeeklyNL_cons.10811782_2019_0322_WeeklyNL-blog_1_top15features-blogs_trends
______________________________________________________________________________________________________________
Scared of Stocks? Buy a House
Instead
New research shows that real estate is both a better and safer
investment than previously believed.
www.bloomberg.com/opinion/articles/2019-03-21/buy-a-house-it-s-safer-than-the-stock-market
______________________________________________________________________________________________________________
Feng Shui Living: Tips to Get
Ready for Spring
Feng shui has long withstood the test of time and many claim to
attribute much of their success to this ancient Chinese practice.
Here are tips on how to use Feng Shui to refresh your home’s
energy just in time for spring.

Feng Shui Living: Tips to Get Ready for Spring


______________________________________________________________________________________________________________
‘White-Boxing’ Is the Hot New
Real Estate Strategy That Lets
Buyers Visualize Their Dream
Home
As the spring home buying season kicks off, a new
survey from the National Association of Realtors®
shows that 83 percent of buyers’ agents say that staging
makes it easier for buyers to visualize a property as their
future home, according to NAR’s 2019 Profile of Home
Staging, www.nar.realtor/reports/profile-of-home-staging (link is external).
www.nar.realtor/newsroom/more-than-80-percent-of-realtors-say-staged-houses-help-buyers-visualize-them-as-homes
______________________________________________________________________________________________________________
More Than 80 Percent of
Realtors® Say Staged Houses
Help Buyers Visualize Them as
Homes
Cowlitz County’s housing market remained strong in February,
and despite a little softening, it’s still a good time to sell a house,
according to statistics from the Northwest Multiple Listing
Service and area real estate agents.
tdn.com/news/local/cowlitz-county-housing-market-still-hot-in-february/article_d5181055-e34d-5fd1-bf60-62f22b3e53a4.html
__________________________________________________________________________________________________________
Seattle-area home price cool-
down stands out among U.S.
cities
Since the local market peaked last spring, single-family home
prices have fallen twice as fast in the Seattle metro area as in
any other region in the country, according to the monthly Case-
Shiller home-price index, released Tuesday.
www.seattletimes.com/business/real-estate/seattle-area-home-price-cooldown-stands-out-amid-u-s-cities/
__________________________________________________________________________________________________________
US charges Facebook with high-
tech housing discrimination
The federal government charged Facebook with high-tech
housing discrimination Thursday for allegedly allowing
landlords and real estate brokers to systematically exclude
groups such as non-Christians, immigrants and minorities
from seeing ads for houses and apartments.
www.seattletimes.com/business/facebook-facing-housing-discrimination-charges-from-hud/
______________________________________________________________________________________________________________
Portland-area home prices
climb at slowest rate in 6 years
Home prices in the Portland metro continued their upward
climb in January but at their slowest rate since 2012.
www.oregonlive.com/business/2019/03/portland-area-home-prices-climb-at-slowest-rate-in-6-years.html
______________________________________________________________________________________________________________
Portland new condo market
slows slightly, redevelopment
projected
The number of Portland condominiums sold leveled out in
2018, a trend that coincides with national trends.
www.mainebiz.biz/article/20190325/NEWS01/190329968
______________________________________________________________________________________________________________
Paul Allen Had An Enormously
Valuable Real Estate Portfolio
When He Died
When Microsoft co-founder Paul Allen died in October, he left
behind a huge portfolio of real estate. From a Manhattan
penthouse to a 4,000-acre retreat in Idaho to a mega-yacht,
Allen had a home for any mood. He could stay in the city while
in New York, Beverly Hills, or Portland.
www.celebritynetworth.com/articles/billionaire-news/paul-allen-had-an-enormously-valuable-real-estate-portfolio-when-he-died/
_______________________________________________________________________________________________________________
More homeowners are opting to
remodel instead of move
Home remodeling is expected to grow over the next two years as
more of the nation’s homeowners elect to fix up rather than sell
off the roofs over their heads.
www.seattletimes.com/business/real-estate/more-homeowners-are-opting-to-remodel-instead-of-move/

___________________________________________________________________________________________________
___________________________________________________________________________________________________
Market Hotness Index
Metro Hotness – Zip Code and County Hotness

Market Hotness Index


___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials),
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl
_________________________________________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
www.bea.gov/index.htm
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.
graphics.wsj.com/us-housing-market/
______________________________________________________________________________________________________________
Mortgage Market Survey Archive
Compilation of Weekly Survey Data for 2018
www.freddiemac.com/pmms/archive.html
_________________________________________________________________________________________ ____________________o
Seattle Architectural Styles
Through the Years
Real Estate Changes by Decade
blog.seattlepi.com/seattlewaterfronthomes/2010/07/23/seattle-architectural-styles-through-the-years-real-estate-changes-by decade/ _________________________________________________________________________________________ _________________________________
Seattle Gives Green Light to Northgate
Mall Redevelopment Plan with New
NHL Seattle Facility

The NHL is coming to Seattle, and the group that will
bring a team to the Emerald City has announced that
it would make its home at the Northgate Mall, where
developer Simon Property Group is looking to
transform an ageing retail destination into one of the
region’s most vibrant new neighborhoods and
experience centers. This week, the project owners
also received approval at a second Early Design
Guidance meeting to advance the revised plans for
the redevelopment that now include an ice hockey
center, offices for NHL Seattle, the team ownership,
and a second hotel.

Seattle Gives Green Light to Northgate Mall Redevelopment Plan with New NHL Seattle Facility

“Yesterday is gone. Tomorrow has not yet come. We have only
today. Let us begin.”
― Mother Theresa
__________________________
____________________________________________________________________________________
______________________________________________________________________________________________________________
Even with snowmageddon, there
were as many houses that came
on the market as off in February
It was a damper, but not a deal-breaker for many home buyers
It was a damper, but not a deal-breaker for many home buyers
______________________________________________________________________________________________________________
Real Estate Analysis Shows
Amazon Is Poised to Become
the Largest Tech Employer in
Portland
In 2016 and 2017, Amazon quietly rented properties on S
outhwest Broadway across from each other in downtown
Portland.
www.wweek.com/technology/2019/03/07/real-estate-analysis-shows-amazon-is-poised-to-become-the-largest-tech-employer-in-portland/
__________________________________________________________________________________________________________
Bellevue in for ‘real estate
frenzy’ as Amazon moves in
“We’ve always seen a lot of Amazon and Microsoft employees
buying homes on the Eastside because of its suburban
atmosphere and highly rated schools,”

Report: Bellevue in for ‘real estate frenzy’ as Amazon moves in


__________________________________________________________________________________________________________
Millennial homebuyers milked
January’s low interest rates,
says Ellie Mae
Millennials took the opportunity to refinance their mortgages
when interest rates dwindled in January. Their refinances were
at their highest since February last year, accounting for 13% of
all closed loans
www.mpamag.com/news/millennial-homebuyers-milked-januarys-low-interest-rates-says-ellie-mae-161515.aspx
__________________________________________________________________________________________________________
USA & Canada Start Daylight
Saving Time on March 10, 2019
Most of the United States, Canada, and Mexico’s northern border
cities start Daylight Saving Time (DST) on
Sunday, March 10, 2019.
www.timeanddate.com/news/time/usa-canada-start-dst-2019.html
DST Facts: www.timeanddate.com/time/dst/
______________________________________________________________________________________________________________
Heavy Snowfall Ices February
Housing Activity Around
Western Washington
Seattle’s snowiest month in 50 years had an obvious chilling
effect on February’s housing activity, agreed officials with
Northwest Multiple Listing Service
www.northwestmls.com/News–Information/page/Latest-Press-Release
______________________________________________________________________________________________________________
Market turnaround? King County
home prices take biggest one-
month jump ever
Despite the shift in the single-family home market, King County
condo prices are falling at their fastest rate in seven years, as are
single-family home prices in neighboring Snohomish County.
www.seattletimes.com/business/real-estate/market-turnaround-king-county-home-prices-take-biggest-one-month-jump-ever/
______________________________________________________________________________________________________________
The No. 1 Thing Millennials Hate
About Their Home Is Not What
You’d Expect
Life is full of regrets, from the risks you never took to the fashion
choices you unfortunately made (shoulder pads, really?). But for
many millennial homeowners, their biggest regrets may have to
do with the homes they’ve purchased.
www.realtor.com/news/trends/what-millennials-regret-about-their-home/
______________________________________________________________________________________________________________
The Most Expensive Neighbor-
hood in Every State in America
We’re curious. There’s no other way to explain our fascination—
make that obsession—with the biggest, the best, and the richest.
www.realtor.com/news/trends/2019-most-expensive-neighborhoods-in-every-state/
______________________________________________________________________________________________________________
Rocky Mountain and the Far
West Led GDP Growth in the T
hird Quarter of 2018
Washington, recorded the highest real GDP growth rate of 5.8%
for the third quarter of 2018 Real gross domestic product (GDP)
increased in 49 states and the District of Columbia, in the third
quarter 2018 compared to the second quarter of 2018. U.S.
Bureau of Economic Analysis reported

Rocky Mountain and the Far West Led GDP Growth in the Third Quarter of 2018


______________________________________________________________________________________________________________
MBA: Rising mortgage rates put
a damper on application volume
Applications for 30-year fixed rate rise 2.5%

MBA: Rising mortgage rates put a damper on application volume


______________________________________________________________________________________________________________
Tenant bill of rights will ‘protect
and empower’ residents of
privatized housing
Following visits to military housing units, where they saw
firsthand some of the problems military families are facing, the
service secretaries have announced a joint tenant bill of rights
to help address the problems.
www.militarytimes.com/pay-benefits/2019/03/07/service-secretaries-tenant-bill-of-rights-will-protect-and-empower-residents-of-privatized-housing/
______________________________________________________________________________________________________________
The Best North Seattle
Neighborhoods Near Light Rail
Though the light rail stations are not set to open until 2021 in
the North End, real estate agents have already started featuring
this mass-transportation option in their advertisements
www.seattlemag.com/news-and-features/best-north-seattle-neighborhoods-near-light-rail
__________________________________________________________________________________________________________
From the Viaduct to Link Light
Rail, Seattle Continues to
Change
As our city begins to undergo one of the most epic physical
changes that’s likely to occur during most of our lifetimes—the
teardown of the Viaduct and the development of a new water-
front downtown—it’s only fitting that our annual best neighbor-
hoods issue focuses on a huge city and regional initiative:
transportation, specifically light rail.
www.seattlemag.com/news-and-features/viaduct-link-light-rail-seattle-continues-change
__________________________________________________________________________________________________________
What is Co-Living and How Can
It Ease The Pain of Today’s
Housing Crisis?
Co-living (short for “communal living”, sometimes spelled
“coliving”) is a term that has gained a lot more prominence in
recent years due to today’s whirlwind housing economy. When
searching for a new home, prospective residents traditionally
looked for entire units to stay in. As housing prices continue to
skyrocket and the middle class continues to dwindle, co-living
is a concept that is gaining popularity out of necessity.

What is Co-Living and How Can It Ease The Pain of Today’s Housing Crisis?


______________________________________________________________________________________________________________
Cricket League Owner Agrees
To Buy Gwinnett Place Mall For
20,000-Seat Stadium
An ailing mall close to Atlanta is on the verge of being
repurposed into a stadium to watch one of the world’s most
popular sports.
www.bisnow.com/atlanta/news/mixed-use/gwinnett-place-mall-under-contract-for-future-cricket-stadium-97690?&utm_source=outbound_pub_75&utm_campaign=outbound_issue_1181&utm_content=outbound_link_1&utm_medium=email
______________________________________________________________________________________________________________
A look at NHL Seattle’s
ambitious plans for reimagined
Northgate Mall
Seattle’s soon-to-be-named NHL team is getting ready to play in
a renovated KeyArena, but that’s not all the city will have to offer
in terms of facilities. Details regarding the team’s practice facility
— and accompanying retail and living spaces — were recently
released, laying out ambitious plans for what’s currently the
home of the country’s first outdoor mall in Northgate.

A look at NHL Seattle’s ambitious plans for reimagined Northgate Mall


______________________________________________________________________________________________________________
Thousands of New Millionaires
Are About to Eat San Francisco
Alive
Uber, Lyft, Airbnb and Pinterest plan to go public. California’s
newly minted rich will be hungry for parties, houses, boats,
bikes — and ice sculptures.

_______________________________________________________________________________________________________________
5 places to buy a luxury home
in 2019 if you want to get a deal
A leading global real estate consultancy has picked the high-end
neighborhoods set to outperform the rest
www.marketwatch.com/story/5-places-to-buy-a-luxury-home-in-2019-if-you-want-to-get-a-deal-2019-03-07?mod=real-estate-personal-finance
______________________________________________________________________________________________________________
Seattle Condo Market Is Active,
Will It Last?
Have you guys been watching the Seattle condo market?
In the last 7 days there have been 25 units in Downtown Seattle
that have gone under contract. See here. The list includes our
sub-penthouse listing at Madison Tower – it will be a record
busting sale on both a price per foot basis and sale price.

Seattle Condo Market Is Active, Will It Last?


______________________________________________________________________________________________________________
Amazon rethinks Seattle plan
Amazon is abandoning a prominent downtown Seattle office
project 10 months after it threatened to do so if the city imposed
a new business tax.
www.arkansasonline.com/news/2019/mar/03/amazon-rethinks-seattle-plan-20190303/?business
______________________________________________________________________________________________________________
Strategies for the Post-Chinese
Buyer Boom, Rebounding U.S.
Home Sales and More
Mansion Global’s daily round-up of the latest luxury real estate news from around the world
www.mansionglobal.com/articles/mansion-global-daily-strategies-for-the-post-chinese-buyer-boom-rebounding-u-s-home-sales-and-more-123700
______________________________________________________________________________________________________________
Power is Shifting To Buyers in
Most California Housing
Markets in 2019
According to Zillow’s Buyer-Seller Index, in 20 of the 35 largest
U.S. metros, market conditions favor buyers more than they
did a year ago. The index is based on the share of listings with a
price cut, how long it takes to sell a home, and the sale-to-list
price ratio. By comparing each metro across time, this analysis
shows whether the market is cooler (favoring buyers) or hotter
(favoring sellers) than it was in the past.
www.worldpropertyjournal.com/real-estate-news/united-states/laguna-beach/zillow-housing-reports-2019-home-buyer-trends-in-2019-real-estate-news-zillow-buyer-seller-index-skylar-olsen-california-real-estate-news-11293.php
______________________________________________________________________________________________________________
The World’s Best Places to
Retire in 2019 Revealed
The World’s Best Places to Retire in 2019 Revealed
www.worldpropertyjournal.com/real-estate-news/panama/panama-city-real-estate-news/best-places-to-retire-in-2019-international-living-panama-editor-jessica-ramesch-international-living-2019-annual-global-retirement-index-best-cities-to-live-in-for-expats-in-2019-vacation-real-estate-news-11201.php
___________________________________________________________________________________________________
___________________________________________________________________________________________________
Market Hotness Index
Metro Hotness – Zip Code and County Hotness

Market Hotness Index


___________________________________________________________________________________________________
___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials),
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl
_________________________________________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
www.bea.gov/index.htm
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.
graphics.wsj.com/us-housing-market/
______________________________________________________________________________________________________________
Mortgage Market Survey Archive
Compilation of Weekly Survey Data for 2018
www.freddiemac.com/pmms/archive.html
_________________________________________________________________________________________ ____________________o
Seattle Architectural Styles
Through the Years
Real Estate Changes by Decade
blog.seattlepi.com/seattlewaterfronthomes/2010/07/23/seattle-architectural-styles-through-the-years-real-estate-changes-by decade/ _________________________________________________________________________________________ _________________________________
Seattle Gives Green Light to Northgate
Mall Redevelopment Plan with New
NHL Seattle Facility

The NHL is coming to Seattle, and the group that will
bring a team to the Emerald City has announced that
it would make its home at the Northgate Mall, where
developer Simon Property Group is looking to
transform an ageing retail destination into one of the
region’s most vibrant new neighborhoods and
experience centers. This week, the project owners
also received approval at a second Early Design
Guidance meeting to advance the revised plans for
the redevelopment that now include an ice hockey
center, offices for NHL Seattle, the team ownership,
and a second hotel.

Seattle Gives Green Light to Northgate Mall Redevelopment Plan with New NHL Seattle Facility


______________________________________________________________________________________________________________

“Life is an unfoldment, and the further we travel the more
truth we can comprehend…”
– Hypatia of Alexandria
__________________________
____________________________________________________________________________________
______________________________________________________________________________________________________________
Happy Home-Wreckers: Trees
A limb falls on the house, triggering a chance to tackle home
improvements along with necessary repairs.
www.mansionglobal.com/articles/happy-home-wreckers-trees-122956
______________________________________________________________________________________________________________
Michael Jackson’s Neverland
Ranch for sale: Listing price
slashed 70 percent to $31M
Michael Jackson’s infamous Neverland Ranch residence
has returned to the market for significantly less than when
it was first listed in 2015.
www.usatoday.com/story/life/people/2019/02/28/listing-price-michael-jacksons-neverland-ranch-drops-70-percent/3013342002/
__________________________________________________________________________________________________________
Pending Home Sales Warm Up
A Brighter Forecast for Spring?

Pending Home Sales Warm Up


__________________________________________________________________________________________________________
Oregon Passes 1st-In-Nation
Statewide Rent Control
The Oregon House of Representatives has approved 35-25 a
first-of-its-kind statewide rent control bill previously passed
by the Oregon Senate. Everywhere else in the nation, rent
control — when it has existed — has been a local matter.
www.bisnow.com/national/news/multifamily/oregon-passes-1st-in-nation-statewide-rent-control-97729?&utm_source=outbound_pub_19&utm_campaign=outbound_issue_713&utm_content=outbound_link_2&utm_medium=email
______________________________________________________________________________________________________________
Seattle Apartment Market
Softens In 2018 After Long
Run Of Growth
Multifamily property sales in urban King County, which
includes the Seattle area, softened slightly in 2018 despite
setting a record for price per square foot, according to Colliers
International’s 2019 Apartment Market Study
www.bisnow.com/seattle/news/multifamily/seattle-apartment-softens-in-2018-after-long-run-of-growth-97707?&utm_source=outbound_pub_19&utm_campaign=outbound_issue_713&utm_content=outbound_link_5&utm_medium=email
______________________________________________________________________________________________________________
Amazon’s future in Seattle un-
certain as neighboring city
looks more and more like HQ2
For years, Amazon has gobbled up office space in Seattle at a
breakneck pace, creating a red-hot commercial real estate
market in the city’s urban core.
www.geekwire.com/2019/amazons-future-seattle-uncertain-neighboring-city-looks-like-hq2/
______________________________________________________________________________________________________________
Multifamily Developers Are
Planning For Long-Term Partner-
ships With Short-Term Rental
Operators
Turning apartments into furnished short-term stay units has
long been an eleventh-hour move — a developer’s “Hail Mary”
when units are not leasing at the anticipated rate. But the
presence of nationwide short-term operators means leasing out
part of a building as furnished rental units is looking less like a
last resort and more like a common sense financial decision.
www.bisnow.com/portland/news/economy/multifamily-developers-are-planning-for-long-term-partnerships-with-short-term-rental-operators-97512
______________________________________________________________________________________________________________
Important Steps in the Home
Selling Process
Know what to expect when you sell your home
www.thebalance.com/home-selling-path-a-to-z-1799042
______________________________________________________________________________________________________________
Portland Attracts More San
Franciscans Than Anywhere
Else
For every 10,000 LinkedIn members 4.47 moved to Portland,
topping the list ahead of Seattle at 4.3.
Anecdotal evidence has long supported the idea that talented
San Francisco workers are leaving the city to look for similar
jobs in cities where the cost of living is lower.
www.bisnow.com/portland/news/economy/portland-attracts-more-san-franciscans-than-anywhere-else-74663
______________________________________________________________________________________________________________
Seattle real estate market
cooling faster than any U.S.
city, report finds
In yet another sign that the local real estate market is cooling
rapidly, a new report has found that the time required to sell a
home has grown more in Seattle than any other city in the
nation.
komonews.com/news/local/seattle-real-estate-market-cooling-faster-than-any-us-city-report-finds
__________________________________________________________________________________________________________
Seattle home price hikes
continue downward spiral, says
new report
Home price increases are continuing to plummet in the Seattle
area as the city’s once smoking-hot real estate market cools
down to a more glacial pace, says a new report.
komonews.com/news/local/seattle-home-price-hikes-continue-downward-spiral-says-new-report
__________________________________________________________________________________________________________
Amazon Backs Out of Lease at
Heart of Tax Fight With Seattle
Amazon.com Inc., which scrapped a deal this month to open
offices in New York after clashing with local politicians, is
pulling out of a lease in Seattle that was at the center of a battle
with the city council.
www.bloomberg.com/news/articles/2019-02-27/amazon-backs-out-of-lease-at-center-of-tax-fight-with-seattle
______________________________________________________________________________________________________________
S&P/Case-Shiller WA-Seattle
Home Price Index
WA-Seattle Home Price Index
fred.stlouisfed.org/series/SEXRNSA
______________________________________________________________________________________________________________
S&P/Case-Shiller OR-Portland
Home Price Index
OR-Portland Home Price Index
fred.stlouisfed.org/series/POXRSA
______________________________________________________________________________________________________________
A Numerical Look At How The
Housing Market Has Recovered
Since 2009
Here are the numbers on the country’s housing market recovery
since 2009. LendingTree recently crunched the data on 50 top
metros around the country analyzing the impact of the housing
market recovery since 2009.
www.forbes.com/sites/ellenparis/2019/02/28/look-at-the-numbers-on-how-the-housing-market-has-recovered-since-2009/#3de6a55b2a36
_______________________________________________________________________________________________________________
LendingTree Reveals the Most
Valuable Cities in America
Seattle #8! The real estate wealth is not evenly distributed
across the country and is largely concentrated in metropolitan
areas. But which are the most valuable cities in America?
www.lendingtree.com/home/most-valuable-cities/
______________________________________________________________________________________________________________
Pending home sales roar back,
suggesting a spring uptick for
housing
‘The reopening of the government (was) very beneficial to the
market,’ the Realtors say
www.marketwatch.com/story/pending-home-sales-roar-back-suggesting-a-spring-uptick-for-housing-2019-02-27
______________________________________________________________________________________________________________
Why aren’t there enough
houses to buy?
It’s a familiar refrain any time housing data is released:
There’s strong demand, but limited supply. Data from the
National Association of Realtors
www.marketwatch.com/story/why-arent-there-enough-houses-to-buy-2017-08-31
______________________________________________________________________________________________________________
Portland home prices increased
faster than incomes
Portland had 9th highest home price increase of 50 largest cities

Report: Portland home prices increased faster than incomes


______________________________________________________________________________________________________________
Seattle’s plan to upzone 27
neighborhoods clears key
hurdle, set for final vote
The upzones would allow for taller buildings and trigger the
city’s the Mandatory Housing Affordability policy.
www.seattletimes.com/seattle-news/politics/seattles-plan-to-upzone-27-neighborhoods-clears-key-hurdle-set-for-final-vote/
______________________________________________________________________________________________________________
What Housing-Starved Cities
Can Learn From This Major
City’s Single-Family Zoning Ban
The term “Manhattanization” is often wielded in city planning
meetings around the U.S. to stoke fear of high prices and
displacement that could come from density luxury developments.
www.bisnow.com/national/news/multifamily/what-the-rest-of-the-us-can-learn-from-the-minneapolis-single-family-zoning-ban-97311
___________________________________________________________________________________________________
___________________________________________________________________________________________________
Market Hotness Index
Metro Hotness – Zip Code and County Hotness

Market Hotness Index


___________________________________________________________________________________________________
___________________________________________________________________________________________________
HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials),
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311
______________________________________________________________________________________________________________
CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl
_________________________________________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________________________________________
Bureau of Economic Analysis
U.S. Economy at a Glance
www.bea.gov/index.htm
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.
graphics.wsj.com/us-housing-market/
______________________________________________________________________________________________________________
Mortgage Market Survey Archive
Compilation of Weekly Survey Data for 2018
www.freddiemac.com/pmms/archive.html
_________________________________________________________________________________________ ____________________o
Seattle Architectural Styles
Through the Years
Real Estate Changes by Decade
blog.seattlepi.com/seattlewaterfronthomes/2010/07/23/seattle-architectural-styles-through-the-years-real-estate-changes-by decade/ _________________________________________________________________________________________ _________________________________
Seattle Gives Green Light to Northgate
Mall Redevelopment Plan with New
NHL Seattle Facility

The NHL is coming to Seattle, and the group that will
bring a team to the Emerald City has announced that
it would make its home at the Northgate Mall, where
developer Simon Property Group is looking to
transform an aging retail destination into one of the
region’s most vibrant new neighborhoods and
experience centers. This week, the project owners
also received approval at a second Early Design
Guidance meeting to advance the revised plans for
the redevelopment that now include an ice hockey
center, offices for NHL Seattle, the team ownership,
and a second hotel.

Seattle Gives Green Light to Northgate Mall Redevelopment Plan with New NHL Seattle Facility

“To appreciate the beauty of a snowflake it is necessary to stand out in the cold.”
~ Aristotle

Seattle Weather Blog-Snow
Stats
Seattle averages just 5.9 inches of snow a winter, although
several winters—especially during the 1950s and 60s—have seen
much more.
www.seattleweatherblog.com/snow-stats/
__________________________________________________________________________________________________________
Snow and Other Weathers —
Seattle and King County
The Puget Sound region used to be known as the
Mediterranean of the Pacific, a place as balmy as a Greek island,
if also rainy.
www.historylink.org/File/3681
__________________________________________________________________________________________________________
Home Buyers’ Perceptions on
Affordability Are Largely
Unchanged
In addition to analyzing buyers’ perceptions about housing
availability, the quarterly Housing Trends Report (HTR) also
explores perceptions about housing affordability.

Home Buyers’ Perceptions on Affordability Are Largely Unchanged


__________________________________________________________________________________________________________
Hottest Zip Codes of Q4 2018
Hottest Zip Codes Q4 2018 Highlights:

Click to access HOUSING-TRENDS-REPORT-Q418.pdf


______________________________________________________________________________________________________________
The Property Brothers Reveal
One Thing That Really Dates a
Kitchen, Bad
“Property Brothers” stars Drew and Jonathan Scott have been
renovating up a storm in Nashville, TN, but this week on their
self-titled show they take their services north—to Calgary,
Canada.
www.realtor.com/advice/home-improvement/property-brothers-reveal-what-dates-a-kitchen/
______________________________________________________________________________________________________________
Seattle-area home prices drop
to lowest point in two years —
down $116,000 since last spring
Homebuyers are starting to leverage the cooling market to their
advantage, convincing sellers to take on closing costs and knock
tens of thousands of dollars off their asking price.
www.seattletimes.com/business/real-estate/seattle-area-home-prices-drop-to-lowest-point-in-two-years-down-116000-since-last-spring/
______________________________________________________________________________________________________________
2018 slowdown in action:
Seattle experienced its slowest
home price growth in 5 years
Just how slow is Seattle’s real estate market growing? According
to a new report from CoreLogic, it’s the slowest it’s been in five
years.
www.seattlepi.com/realestate/article/Seattle-real-estate-home-price-growth-decline-13594960.php
______________________________________________________________________________________________________________
King County Cities Attract
Development With Tax
Exemption
A multifamily tax exemption is often touted as a powerful
incentive, but its effectiveness may vary.

King County Cities Attract Development With Tax Exemption


______________________________________________________________________________________________________________
U.S. Banks Report Expectations
of Tightening Standards on
Loans in 2019
The survey’s respondents reported, on the whole, that they
tightened standards on Commercial Real Estate (CRE) loans

U.S. Banks Report Expectations of Tightening Standards on Loans in 2019


______________________________________________________________________________________________________________
Unexpected Gain for New Home
Sales in November
Data for November indicated a surprise gain for the seasonally
adjusted annual rate of new single-family home sales.

Unexpected Gain for New Home Sales in November


______________________________________________________________________________________________________________
Home buyers scouring Kitsap
real estate market
Fewer than 4,500 single-family home sales closed last year,
down 7.4 percent over the year before
www.kitsapsun.com/story/news/2019/02/04/home-buyers-scouring-kitsap-real-estate-market/2734851002/
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Big decline in Vancouver, B.C.,
home prices could be just tip of
iceberg
Metro Vancouver’s composite home price index fell 4.5 percent
in January from a year earlier. Canadian real estate experts see
more troubling indicators.
www.seattletimes.com/business/real-estate/big-decline-in-vancouver-b-c-home-prices-could-be-just-tip-of-iceberg/
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8 Things To Know Before Buy-
ing A Retirement Condo
Before purchasing the condo, the Williamses didn’t know they
should have scrutinized a document called the reserve study,
an independent analysis of the condo association’s reserve fund
for large expenditures
www.forbes.com/sites/nextavenue/2019/02/01/8-things-to-know-before-buying-a-retirement-condo/#3cc033c14c55
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Tacoma gets discovered – again
Nothing sets off my inner Tacoma curmudgeon more than
breathless pronouncements from those who have “discovered”
Tacoma.

Tacoma gets discovered – again


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Condos built at historic former
Portland West End church to be
sold at auction
Expensive condominiums that were created out of a historic
West End church property are headed to the auction block.

Condos built at historic former Portland West End church to be sold at auction


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Portland’s Affordable Housing
Crisis – What’s Being Done?
The January 24, 2019 meeting of the Oregon Chapter of NAIOP,
the Commercial Real Estate Development Association, featured
a panel of affordable housing experts who described the root
causes of Portland’s affordable housing crisis, and what is being
done to fix it.
www.jdsupra.com/legalnews/portland-s-affordable-housing-crisis-17923/
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Fewer homes affordable for
middle-class buyers, analysis
finds
Not quite this time. Home purchases in many areas of the
country have dipped, and price gains have slowed. Yet a rising
number of middle-class Americans are finding that home
ownership is unaffordable.
www.pbs.org/newshour/economy/fewer-homes-affordable-for-middle-class-buyers-analysis-finds
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Falling home sales not helping
middle-class buyers
Not quite this time. Home purchases in many areas of the
country have dipped, and price gains have slowed. Yet a rising
number of middle-class Americans are finding that home
ownership is unaffordable
komonews.com/news/business/analysis-falling-home-sales-not-helping-middle-class-buyers
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$47.2 billion: Looking back at
Washington’s 2018 real estate
Some balance came to the market, but everything kept growing
www.seattlepi.com/realestate/article/Washington-real-estate-market-2018-review-Seattle-13549841.php
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100 Best Places to Retire in the
USA
To identify the best places to retire, U.S. News analyzed data for
the 100 largest metropolitan areas in the USA to assess how well
they meet Americans’ retirement needs and expectations. Top
criteria include the happiness of local residents, housing
affordability, tax rates and healthcare quality.
realestate.usnews.com/places/rankings/best-places-to-retire
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Your kitchen: Likely the most
important room in your house
Your kitchen is most likely the most important room in your
house: where the kids do their homework, where your friends
come for coffee, where you pay your bills and — for most of us
— where we cook our meals.

Your kitchen: Likely the most important room in your house


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This Unexpected Part of the
Home Got Some Attention at
CES 2019
Learn about the new product that’s reinventing the electric
socket, and how it could transform your home.

This Unexpected Part of the Home Got Some Attention at CES 2019


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As the expansion ages, Seattle
continues to turn in top
economic performance
No single trick will turn a locality into a world-beater. In
Seattle’s case, much more than Big Tech is behind the strong
performance.
www.seattletimes.com/business/economy/as-the-expansion-ages-seattle-continues-to-turn-in-top-economic-performance/
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Market Hotness Index
Metro Hotness – Zip Code and County Hotness

Market Hotness Index


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HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable
either as Excel or PDF files (updated weekly). Housing data and
primary indicators of the industry are housed in one easy-to navi-
gate location containing historical and current sets of statistics
such as:Housing Starts (by Region & Structure Type), Homes
Sold by Region, Producer Price Indexes(for Building Materials),
Manufactured Homes, New Home Characteristics, Residential
Vacancy & Absorption Rates,Units Under Construction, Value of
New Construction, and many more.
www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311
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CoreLogic Home Price Insights
The most geographically comprehensive and current home
price index.
www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl
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Bureau of Economic Analysis
U.S. Economy at a Glance
www.bea.gov/index.htm
______________________________________________________________________________________________________________
U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after
the bubble of the past decade. Here’s a look at where various
gauges of supply and demand stand today.
graphics.wsj.com/us-housing-market/
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Mortgage Market Survey Archive
Compilation of Weekly Survey Data for 2018
www.freddiemac.com/pmms/archive.html
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Seattle Architectural Styles
Through the Years
Real Estate Changes by Decade
blog.seattlepi.com/seattlewaterfronthomes/2010/07/23/seattle-architectural-styles-through-the-years-real-estate-changes-by decade/ _________________________________________________________________________________________ _________________________________
Seattle Gives Green Light to Northgate
Mall Redevelopment Plan with New
NHL Seattle Facility

The NHL is coming to Seattle, and the group that will
bring a team to the Emerald City has announced that
it would make its home at the Northgate Mall, where
developer Simon Property Group is looking to
transform an ageing retail destination into one of the
region’s most vibrant new neighborhoods and
experience centers. This week, the project owners
also received approval at a second Early Design
Guidance meeting to advance the revised plans for
the redevelopment that now include an ice hockey
center, offices for NHL Seattle, the team ownership,
and a second hotel.

Seattle Gives Green Light to Northgate Mall Redevelopment Plan with New NHL Seattle Facility

“The time is always right to do what is right.”
~Martin Luther King Jr.
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Buy your own Frank Lloyd Wright
house for $695K
The Boulter House hits the market this Friday
www.curbed.com/2019/1/15/18183632/frank-lloyd-wright-house-for-sale-boulter-house
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Mortgage rates stay subdued,
bringing relief to slumping
housing market
Americans flocked to line up financing for home purchases as
rates for home loans remained favorable, suggesting the recent
housing downturn may be easing.
www.marketwatch.com/story/mortgage-rates-stay-subdued-bringing-relief-to-slumping-housing-market-2019-01-17
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Tech brought prosperity and a
housing crisis to Seattle.
Microsoft just stepped forward
with $500M and a plan
The tech giant will fund construction for lower-priced homes

Tech brought prosperity and a housing crisis to Seattle. Microsoft just stepped forward with $500M and a plan


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FBI searches Portland business
run by man convicted of fraud,
money laundering
Investigation revealed the business engaged in “at least 30
owner-financed residential real estate transactions” from
Sept. 4, 2015 to May 25, 2017, the document states.
www.caller.com/story/news/crime/2019/01/17/fbi-search-portland-business-run-man-convicted-fraud/2609157002/
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Student debt hinders millennial
homeownership
New Fed study estimates 400,000 more young adults would be
homeowners, if not for student debt burdens
www.curbed.com/2019/1/17/18186772/credit-student-debt-millennial-homeownership
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3 outside-the-box alternatives
for home buyers in a tough
housing market
As the housing crunch continues, would-be buyers may want to
consider these unorthodox options
www.marketwatch.com/story/as-the-housing-market-crunch-continues-here-are-3-unorthodox-alternatives-to-a-wasted-sunday-afternoon-2019-01-09?mod=andrea-riquier
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Don’t Forget To Ask These 14
Questions During Your Property
Inspection
Whether you’re purchasing a home or an investment property,
the final inspection before the sale closes is one of the most
important steps of the process
www.forbes.com/sites/forbesrealestatecouncil/2018/12/14/dont-forget-to-ask-these-14-questions-during-your-property-inspection/#66c61adc181c
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Mortgage rates hit a 9-month
low as government shutdown is
already biting the housing
market
Throughout 2018, the 30-year-fixed averaged 4.54%. So far in
2019, it’s averaged 4.48%
www.marketwatch.com/story/mortgage-rates-hit-a-9-month-low-as-government-shutdown-is-already-biting-the-housing-market-2019-01-10
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Homeowners Love Their D.I.Y.
Remodels
Homeowners looking to add personality and individuality to
their home are more likely to undertake a do it yourself remodel
than hire a professional
www.nar.realtor/newsroom/homeowners-love-their-diy-remodels-says-realtor-survey
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Infographic: 2019 Remodeling
Impact Report: D.I.Y.
47% of consumers completed a home renovation project
themselves (D.I.Y.), while 53% of consumers hired a professional
to do the home renovation project.
www.nar.realtor/infographics/infographic-2019-remodeling-impact-report-diy
This report takes a deep dive into the differences between re-
modeling when hiring a professional compared to individuals who
“do it yourself” (D.I.Y. ).
Download:

Click to access 2019-diy-report-01-03-2019.pdf


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Seattle still has the most cranes
in America, and construction
isn’t losing much steam
Most of the cranes dotting the skyline now are building apartment
high-rises, though there are also several new offices going up at a
time of intense competition for space among companies.
www.seattletimes.com/business/real-estate/seattle-still-has-the-most-cranes-in-america-and-construction-isnt-losing-much-steam/
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Minneapolis to Become First
Major U.S. City to End Single-
Family Zoning
Minneapolis will become the first major U.S. city to end single-
family home zoning. City Council passed Minneapolis 2040, a
plan to permit three-family homes in the city’s residential
neighborhoods. This significant zoning change will also allow
high-density buildings along transit corridors and abolish
parking minimums for all new construction
www.archdaily.com/907764/minneapolis-to-become-first-major-us-city-to-end-single-family-zoning
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More King County residents
moving to Kitsap
Kitsap County has moved up the list of destinations for people
moving out of King County, according to a U.S. Census Bureau
report.
www.kitsapsun.com/story/news/2018/12/26/census-more-king-county-residents-moving-kitsap/2416483002/
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Rich people approach problems
like this — and it helps explain
why they’re wealthy
Optimists are far more likely than pessimists to make smart
money moves, new research reveals.
www.marketwatch.com/story/rich-people-approach-problems-like-this-and-it-helps-explain-why-theyre-wealthy-2019-01-17?mod=MW_story_top_stories
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The deed to your Seattle-area
home may contain racist l
anguage. Here’s how to fix it.
Starting in the 1920s, covenants in force throughout the region
allowed only white people to own property in most neighbor-
hoods in Seattle. The covenants were outlawed in the 1960s, but
now a new state law allows property owners to strike them from
a property deed.
www.seattletimes.com/seattle-news/the-deed-to-your-house-may-contain-racist-covenants-heres-how-to-fix-it/
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Eastside Rail Corridor re-
branding in 2019
The Eastside Rail Corridor (ERC), the multi-purpose corridor
connecting Renton, Bellevue, Kirkland, Woodinville and
Redmond, is getting a new name and brand in 2019.

Eastside Rail Corridor rebranding in 2019