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Seattle-area housing market sees shortage of homes, multiple offers

SEATTLE – 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. Even as the novel coronavirus pandemic continues to change some of the ways people buy and sell houses, the housing market in the […]

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Despite pandemic, Seattle region’s pending home sales outrun last year’s level | Coronavirus Economy daily chart

Despite pandemic, Seattle region’s pending home sales outrun last year’s level | Coronavirus Economy daily chart By Seattle Times business staff Buyers of single-family homes overcame the obstacles of the coronavirus shutdown and managed to clinch more deals last week than in the comparable week of 2019. The pace of sales was more than double the […]

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Surprise! Weekly Mortgage Applications are up.

Surprise! Weekly Mortgage Applications are up. If the number of recent weekly mortgage applications are any indication, they point to a remarkable (and unexpectedly early) recovery in homebuying.- Purchase volume was just 1.5% lower than a year ago, a rather stunning recovery from just over a month ago, when purchase volume was down 35% annually. […]

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The W-Shaped Rebound

The rebound of the U.S. housing market will not look like a “V” or a “U.” Rather it would be a “W,” according to the updated 2020 forecast of real estate listings website Realtor.com. According to the company’s economics team, national home sales will improve in July, August and September, largely driven by demand from […]

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Facebook grows to 5,000 employees in Seattle region, opens its 18th office at downtown tower

Facebook grows to 5,000 employees in Seattle region, opens its 18th office at downtown tower BY MONICA NICKELSBURG on September 26, 2019 at 10:21 am Facebook’s Seattle site lead, Vijaye Raji, speaks at an event Thursday at the company’s newest Seattle-area building. (GeekWire Photo / Monica Nickelsburg) Facebook’s footprint in the Seattle area continues to grow as the […]