Seattle Real Estate News
Seattle
U.S. Pending Home Sales Dip 3.9 Percent in April
The National Association of Realtors is reporting this week U.S. pending home sales slipped in April 2022, as contract activity decreased for the sixth consecutive month.
U.S. New Home Sales Dive 27 Percent Year-Over-Year in April
According to the National Association of Home Builders, in a further sign of a housing slowdown, new home sales posted a double-digit percentage decline in April 2022, falling to their weakest pace in two years, as rising mortgage interest rates and worsening affordability conditions continue to take a toll on the housing market.
U.S. Mortgage Applications Dip in Mid-May
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending May 20, 2022, U.S. mortgage applications decreased 1.2 percent from one week earlier.
Economic Headwinds, Rising Rates Stall Single Family Housing Starts in the U.S.
According to the National Association of Home Builders, the single-family housing market continued to show signs of slowing in April 2022 as rising mortgage rates and ongoing supply chain disruptions continue to raise housing costs and take a toll on the housing market.
