Home prices fell more between May and September this year than any previous year
Home prices fell more between May and September this year than any previous year
Between May and September this year, the median sale price of single-family homes in King County has fallen 8.0 percent. Most years home prices rise between May and September. The biggest decline between those months in previous years was 5.7 percent in 2008โฆ
The post Home prices fell more between May and September this year than any previous year appeared first on Seattle Bubble.
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Between May and September this year, the median sale price of single-family homes in King County has fallen 8.0 percent. Most years home prices rise between May and September. The biggest decline between those months in previous years was 5.7 percent in 2008โฆ
The post Home prices fell more between May and September this year than any previous year appeared first on Seattle Bubble.
Between May and September this year, the median sale price of single-family homes in King County has fallen 8.0 percent. Most years home prices rise between May and September. The biggest decline between those months in previous years was 5.7 percent in 2008โฆ
The post Home prices fell more between May and September this year than any previous year appeared first on Seattle Bubble.
Let's have a look at the latest data from the Case-Shiller Home Price Index. According to July data that was released today, Seattle-area home prices were:
Down 1.6 percent July to August
Up 9.6 percent YOY.
Up 31.9 percent from the July 2007 peak
Last year at this time prices were down 0.3 percent month-over-month and year-over-year prices were up 13.2 percent.
The post Case-Shiller: Seattle home prices fell more than anywhere else between July and August. appeared first on Seattle Bubble.
Let's have a look at the latest data from the Case-Shiller Home Price Index. According to July data that was released today, Seattle-area home prices were:
Down 1.6 percent July to August
Up 9.6 percent YOY.
Up 31.9 percent from the July 2007 peak
Last year at this time prices were down 0.3 percent month-over-month and year-over-year prices were up 13.2 percent.
The post Case-Shiller: Seattle home prices fell more than anywhere else between July and August. appeared first on Seattle Bubble.
One economist predicts the housing market will shift in favor of buyers this year.
One economist predicts the housing market will shift in favor of buyers this year.
Pending home sales, a measure of signed contracts on existing homes, dropped a much worse-than-expected 10.2% in September from August, according to the National Association of Realtors. Economists had predicted a 4% decline. Sales were down 31% year over year. This marks the lowest level on the pending sales index since June 2010, excluding April 2020, when the Covid pandemic was in its early days. Realtors point squarely to sharply higher mortgage rates, which had sat at record lows for the fi...
Pending home sales, a measure of signed contracts on existing homes, dropped a much worse-than-expected 10.2% in September from August, according to the National Association of Realtors. Economists had predicted a 4% decline. Sales were down 31% year over year. This marks the lowest level on the pending sales index since June 2010, excluding April 2020, when the Covid pandemic was in its early days. Realtors point squarely to sharply higher mortgage rates, which had sat at record lows for the fi...
Indicators Although of overall economic activity edged down in the first quarter, household spending and employment business have fixed continued investment to remained strengthen strong . Job gains have been strong robust in recent months, and the unemployment rate has declined substantially. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures.
The invasion of Ukraine by Russia i...
Indicators Although of overall economic activity edged down in the first quarter, household spending and employment business have fixed continued investment to remained strengthen strong . Job gains have been strong robust in recent months, and the unemployment rate has declined substantially. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures.
The invasion of Ukraine by Russia i...
Although overallOverall economic activity edgedappears to have picked up after edging down in thein the first quarter, household spending and business fixed investment remained strong.quarter. Job gains have been robust in recent months, and the unemployment rate has declined substantially.remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures.The invasion of Ukraine by Russia is causing tremend...
Although overallOverall economic activity edgedappears to have picked up after edging down in thein the first quarter, household spending and business fixed investment remained strong.quarter. Job gains have been robust in recent months, and the unemployment rate has declined substantially.remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures.The invasion of Ukraine by Russia is causing tremend...
Sales of existing homes in May dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units, according to the National Association of Realtors. Sales were 8.6% lower than in May 2021. April's sales were revised slightly lower as well. This is the weakest reading since June 2020, which was during the early months of the Covid pandemic. Adjusting for that, it is the lowest since January 2020. This reading is based on closings during the month, therefore representing contracts likely...
Sales of existing homes in May dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units, according to the National Association of Realtors. Sales were 8.6% lower than in May 2021. April's sales were revised slightly lower as well. This is the weakest reading since June 2020, which was during the early months of the Covid pandemic. Adjusting for that, it is the lowest since January 2020. This reading is based on closings during the month, therefore representing contracts likely...
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โThe best thing you can do is the right thing, the next best thing you can do is the wrong thing, and the worst thing you can do is nothing.โ General George Patton
Instead of doing nothing, get prepared, and take action! Matt shares 5 steps and 3 beliefs you have to take in order to close the deal and EPIC approach to get the best results out of it!
Learn more about your ad choices. Visit megaphone.fm/adchoices
An eleventh monthly rise in a row saw prices go up by 1% by this metric, leaving the average house price at ยฃ289,099.
Halifax says that compared to May last year, prospective buyers need ยฃ10,000 more to buy a flat and ยฃ50,000 more to buy a detached home.
โDespite the very real cost of living pressures some people are experiencing,โ says managing director Russell Galley, โthe imbalance between supply and demand for properties remains the primary reason...
An eleventh monthly rise in a row saw prices go up by 1% by this metric, leaving the average house price at ยฃ289,099.
Halifax says that compared to May last year, prospective buyers need ยฃ10,000 more to buy a flat and ยฃ50,000 more to buy a detached home.
โDespite the very real cost of living pressures some people are experiencing,โ says managing director Russell Galley, โthe imbalance between supply and demand for properties remains the primary reason...