Tag Archives: inventory

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Price Per Square Foot Rising in Most Markets

As the economy continues to grow jobs, consumer confidence rises and residential rental rates increase, the demand for housing rises. Given a very tight inventory of builder-ready lots, new home construction is trailing demand. As a result, asking prices for both new and existing homes, and ultimately sales prices, are climbing. In some cities prices are literally rocketing.

Dr. Ted Jones is Stewart Title’s Vice President/Chief Economist and Director of Investor Relations. You may read this article on his blog…

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Seattle Housing Market One of the Most Competitive in the U.S.

King 5 Video

Low inventory and interest rates are why Realtors call Seattle one of the most competitive housing markets in the country.

“Good houses are disappearing instantly, you look at it one day online and say honey maybe we should look at this Sunday. By then, it’s already pending,” said Charles Harper, a home buyer.

According to the Northwest Listing Service, the median price of homes in Snohomish County is up 14 percent, and up 10 percent in both King and Pierce Counties.

Read more details and watch the video…