Posts tagged Realogics Sotheby's International Realty
Slower (Not Lower) Home Price Growth

S&P Dow Jones recently released the Case-Shiller Home Price Index for August 2018, revealing that Seattle home price growth continues to slow. Up until just two months before that, Seattle led the nation in single-family home price gains for 21 consecutive months, but that run was ended as Las Vegas took over the lead.

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Seattle Continues Its Streak with Hottest Housing Market for 11 Straight Months

S&P Case-Shiller released their latest home price index last week, which showcases sustained growth for the Seattle market, with the Emerald City leading the nation for the hottest housing market for 11 consecutive months. As Mike Rosenberg of Seattle Times reports, “the Seattle metro area saw single-family home prices surge 13.5 percent during the 12 months ended in July,” according to Case-Shiller.

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Seattle Sees Foreign Buyer Surge from Vancouver

The July announcement of British Columbia's 15 percent transfer tax on foreign buyers and entities representing them sent ripples through the Pacific Northwest's real estate market. Those ripples seem to be shifting the waves in Seattle's favor, however. In the following months many articles and blogs were released stating that Seattle has become the new Vancouver. The shift began immediately and Vancouver saw a year-over-year reduction in selling volume in the year 2016; and by year's end, the number of sales over $1 million CAD were 16 percent lower than 2015.

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