Realblvd

Rent pricing is following home sales 📉

Renters Hit Breaking Point in a Sudden Reversal for Landlords Affordability pressures and inflation are holding back tenants, forcing landlords to ease off big increases.

"According to Northwest MLS statistics, active listings have nearly doubled since last year, going from 7,948 available single family homes and condos to 15,381 — an increase of 93.5%."

‘Cups overflowing with options’ for Puget Sound homebuyers According to Northwest MLS statistics, active listings have nearly doubled since last year, going from 7,948 available single family homes and condos to 15,381 — an increase of 93.5%.

Opendoor, one of the nation's largest corporate home buyers/home sellers, is fined $62 million from the FTC for deceiving home sellers.

See full FTC press release in comments

Home buying firm settles deceptive marketing claims for $62 million. The Federal Trade Commission accused Opendoor of deceiving customers into offering their properties to the online platform for less than they would have made on the open market.

"Although we are pausing the project, we strongly believe in Seattle’s market and growth and will continue to keep a close eye on market conditions," the developer said in a statement.

Bosa Development says it's pausing work on Seattle condo skyscraper - Puget Sound Business Journal

The Seattle-based real estate tech startup cited rising interest rates and lower demand for housing as reasons for the layoffs.

Flyhomes lays off 20% of its employees as housing market slows The Seattle-based real estate tech startup raised $150 million last year. It cited rising interest rates and lower demand for housing as reasons for the layoffs.

Redfin, the Seattle-based real estate brokerage, says it will lay off 8% of its employees as the housing market cools off.

Redfin CEO announces layoffs at Seattle-based firm, citing housing market slowdown Redfin, the Seattle-based real estate brokerage, says it will lay off 8% of its employees as the housing market cools off. According to a published report, CEO Glenn Kelman announced the layoffs Tuesday, telling employees, “With May demand 17% below expectations, we don’t have enough wor...

Are pricing subsiding in your city? Seattle is starting to see a change.

Seattle's median home price fell by over $120,000 from April to May - Puget Sound Business Journal In Pierce County, the days of multiple offers and waived contingencies are over, one expert said.

During his latest CNBC appearance, Redfin CEO Glenn Kelman said rising mortgage rates, softening home price growth and changing buyer attitudes are all signs of an impending shift.

Redfin CEO Glenn Kelman: 'Sellers are starting to freak out' Redfin CEO Glenn Kelman said rising mortgage rates, softening home price growth and changing buyer attitudes are all signs of an impending market shift.

Home market still at 'shock and awe levels' even as lending rates rise

We maximize your home's sales price with quick pre-listing home updates, hassle-free, at no upfront costs to you!
Learn how our Turnkey program can benefit you and your wallet when selling your house.
realblvd.com/turnkey

"Originations of “jumbo” U.S. residential mortgage loans could hit $550 billion this year, a level not seen since the run-up to the 2008 financial crisis"

Jumbo home-loan originations near pre-2008 crisis levels Lenders are on pace to underwrite about $550 billion of U.S. jumbo home loans this year, a level last seen in the runup to the 2008 global financial crisis,...