Seattle Real Estate News
Seattle
Foreign Investment in U.S. Residential Properties Plummet 21 Percent Over Last 12 Months
According to a new report from the National Association of Realtors, foreign buyers purchased $42 billion worth of U.S. existing homes from April 2023 through March 2024
U.S. Housing Rents Growing Fastest in Unexpected Places in 2024
While rents are highest in large coastal markets like New York City, the San Francisco Bay Area, and Boston, the fastest-growing rents are appearing in unexpected places.
Apartment Building Permits in U.S. Drop Nearly 30 Percent Since Pandemic
Based on new data from Redfin, U.S. builders obtained permits to construct 13 multifamily housing units for every 10,000 people in the U.S. so far this year, down nearly 30% from an average of 18 during the same periods in 2021-2023.
America's Home Affordability Issues Worsen in Mid 2024
According to ATTOM's newly released second-quarter 2024 U.S. Home Affordability Report, the median-priced single-family homes and condos remained less affordable compared to historical averages in 99 percent of counties.
