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Strong demand and extremely tight supplies of both for-sale and for-rent homes are pushing up housing costs. Consequently, affordability pressures are at near record levels, according to findings in the latest State of the Nation’s Housing report. “Addressing the scale and complexity of need requires a renewed national commitment to expand the range of housing…

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KIRKLAND, Washington (June 6, 2017) – Would-be buyers who have been shut out of the real estate market should test the “real estate waters” during the summer months suggests one industry leader. “Summer might provide some competitive relief for weary buyers,” said Gary O’Leyar, owner of Berkshire Hathaway HomeServices Signature Properties, pointing to some of…

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The Seattle Times reports that the median sales price of homes hit $700,000, up $60,000 over the past year. Demand — propelled by rising employment numbers, growing salaries and tenants desperate to escape soaring rents — has far outstripped a supply of homes for sale that reached an all-time low in February, creating intense competition…

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Seattle-area home prices hit record highs, according to the S&P CoreLogic Case-Shiller Seattle Home Price NSA Index released today. The headline to the press release read, HOME PRICE INCREASES EASE IN MAY ACCORDING TO THE S&P CORELOGIC CASESHILLER INDICES, but the index, at 199.86, is 3.9% higher than the peak of July 2007, and is…

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