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Report: Rising home prices push Seattle homebuyers to get creative

Report: Rising home prices push Seattle homebuyers to get creative

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Report: Rising home prices push Seattle homebuyers to get creative
Report: Rising home prices push Seattle homebuyers to get creative
Report: Rising home prices push Seattle homebuyers to get creative
Report: Rising home prices push Seattle homebuyers to get creative
bizjournals bizjournals | 1 year ago
More than 1 in 8 Seattleites have used cryptocurrency for their home or put it toward a down payment, Bank of America found.
More than 1 in 8 Seattleites have used cryptocurrency for their home or put it toward a down payment, Bank of America found.
Report: Rising mortgage rates push home prices lower in Tampa Bay
Report: Rising mortgage rates push home prices lower in Tampa Bay
Report: Rising mortgage rates push home prices lower in Tampa Bay
Report: Rising mortgage rates push home prices lower in Tampa Bay
bizjournals bizjournals | 1 year ago
The housing market's cooldown will continue through the end of the year as surging mortgage rates are turning away potential homebuyers, the latest Redfin report finds.  For the first time since March 2021, the average home sells for less than its listing price, but high mortgage rates still impact what people can afford.  The Redfin report highlighted that home touring has dropped significantly by 38% since January over the last four weeks, with declining demand that led a near-record share...
The housing market's cooldown will continue through the end of the year as surging mortgage rates are turning away potential homebuyers, the latest Redfin report finds.  For the first time since March 2021, the average home sells for less than its listing price, but high mortgage rates still impact what people can afford.  The Redfin report highlighted that home touring has dropped significantly by 38% since January over the last four weeks, with declining demand that led a near-record share...
Rising mortgage rates push first-time homebuyers out of the market, A&M report says
Rising mortgage rates push first-time homebuyers out of the market, A&M report says
Rising mortgage rates push first-time homebuyers out of the market, A&M report says
Rising mortgage rates push first-time homebuyers out of the market, A&M report says
bizjournals bizjournals | 1 year ago
Buying a home is getting more difficult for potential buyers across the state.
Buying a home is getting more difficult for potential buyers across the state.
Seattle-area home prices still rising, just not as fast
Seattle-area home prices still rising, just not as fast
Seattle-area home prices still rising, just not as fast
Seattle-area home prices still rising, just not as fast
bizjournals bizjournals | 1 year ago
Median home sale prices in July increased only around 2% year over year in King County, while jumping nearly 13% in Pierce County.
Median home sale prices in July increased only around 2% year over year in King County, while jumping nearly 13% in Pierce County.
I-135 backers push to get public housing authority measure on Seattle ballot
I-135 backers push to get public housing authority measure on Seattle ballot
I-135 backers push to get public housing authority measure on Seattle ballot
I-135 backers push to get public housing authority measure on Seattle ballot
bizjournals bizjournals | 1 year ago
Supporters of the Seattle initiative got a boost last week as LIHI endorsed the effort. The Housing Development Consortium, of which LIHI is a member, has not endorsed the measure.
Supporters of the Seattle initiative got a boost last week as LIHI endorsed the effort. The Housing Development Consortium, of which LIHI is a member, has not endorsed the measure.
U.S. homebuyers are getting discouraged by rising rates and prices
U.S. homebuyers are getting discouraged by rising rates and prices
U.S. homebuyers are getting discouraged by rising rates and prices
U.S. homebuyers are getting discouraged by rising rates and prices
In-depth analysis, data and st... In-depth analysis, d... | 2 years ago
U.S. consumers expect mortgage rates to increase substantially over the next several years, with households on average projecting rates of 6.7% a year from now and 8.2% in three years, according to a survey released by the New York Federal Reserve.
U.S. consumers expect mortgage rates to increase substantially over the next several years, with households on average projecting rates of 6.7% a year from now and 8.2% in three years, according to a survey released by the New York Federal Reserve.
Report: Home prices drop, but Tampa Bay homebuyers see little relief
Report: Home prices drop, but Tampa Bay homebuyers see little relief
Report: Home prices drop, but Tampa Bay homebuyers see little relief
Report: Home prices drop, but Tampa Bay homebuyers see little relief
bizjournals bizjournals | 1 year ago
The latest reading on the U.S. housing market shows signs of a shift, but there is still minimal price relief for buyers. A report from online brokerage Redfin shows that 15% of home sellers dropped their asking price during the four-week period ending May 1, compared to 9% of sellers during the same period a year ago. This is the largest annual gain on record in Redfin’s weekly housing data, tracked through 2015. The report also states that new homebuyers have been squeezed out of the marke...
The latest reading on the U.S. housing market shows signs of a shift, but there is still minimal price relief for buyers. A report from online brokerage Redfin shows that 15% of home sellers dropped their asking price during the four-week period ending May 1, compared to 9% of sellers during the same period a year ago. This is the largest annual gain on record in Redfin’s weekly housing data, tracked through 2015. The report also states that new homebuyers have been squeezed out of the marke...
Report: Seattle-area homebuyers see big drop-off in competition
Report: Seattle-area homebuyers see big drop-off in competition
Report: Seattle-area homebuyers see big drop-off in competition
Report: Seattle-area homebuyers see big drop-off in competition
bizjournals bizjournals | 1 year ago
The percentage of home offers in the Seattle area that faced competition is about half of what it was a year ago.
The percentage of home offers in the Seattle area that faced competition is about half of what it was a year ago.
Seattle-area homebuyers get some relief as supply soars and sales decline
Seattle-area homebuyers get some relief as supply soars and sales decline
Seattle-area homebuyers get some relief as supply soars and sales decline
Seattle-area homebuyers get some relief as supply soars and sales decline
bizjournals bizjournals | 1 year ago
One expert thinks annual price changes will trend negative next spring, but says the correction will be short-lived.
One expert thinks annual price changes will trend negative next spring, but says the correction will be short-lived.
Record-High Home Prices, Rising Mortgage Rates, and a Glimmer of Hope for Homebuyers
Record-High Home Prices, Rising Mortgage Rates, and a Glimmer of Hope for Homebuyers
Record-High Home Prices, Rising Mortgage Rates, and a Glimmer of Hope for Homebuyers
Record-High Home Prices, Rising Mortgage Rates, and a Glimmer of Hope for Homebuyers
www.realtor.com www.realtor.com | 1 year ago
Homebuyers are facing the perfect storm in the form of rising mortgage rates combined with yet another month of record-shattering home prices. In April, median home prices soared to an all-time high of $425,000, according to a recent Realtor.com® report. That’s a whopping 14.2% rise compared with last year. Meanwhile, skyrocketing mortgage rates averaged 5.1% by the end of April for 30-year fixed-rate loans. And there is still a severe shortage of homes on the market. So how does this double...
Homebuyers are facing the perfect storm in the form of rising mortgage rates combined with yet another month of record-shattering home prices. In April, median home prices soared to an all-time high of $425,000, according to a recent Realtor.com® report. That’s a whopping 14.2% rise compared with last year. Meanwhile, skyrocketing mortgage rates averaged 5.1% by the end of April for 30-year fixed-rate loans. And there is still a severe shortage of homes on the market. So how does this double...