‘Great Reshuffling’ winds down as COVID hotspots and tech hubs cool

Cities in the West that saw prices soar during the pandemic are now cooling while metros in the Northeast and Midwest are showing more resilience, according to a new analysis. Continue reading

There are 1.25 million fewer million-dollar homes in America in 2023

The share of $1 million homes in the U.S. dropped from a high of 8.6 percent in June 2022 to approximately 7 percent in January, due in part to higher mortgage rates that have cut into homebuyer purchasing power. Continue reading

Leading Seattle team departs Sotheby’s for Engel & Völkers

The three-person Nielsen Group brings a collective 25 years of industry experience and an average annual sales volume of over $50 million to Engel & Völkers. Continue reading

Home showings dip in December, but slowdown may be easing

Showings were way down year over year but only dipped a little bit month over month, according to a new report from ShowingTime. They remain up compared to pre-pandemic levels. Continue reading

This is the ‘fastest-slowing’ housing market in the US, new data shows

The slowdown in housing has been swiftest on the West Coast, where prices in some markets have already fallen by 2 percent since July, according to a new analysis on Wednesday by Redfin. Continue reading

Will Compass’ changes to agent pay slow its growth?

The brokerage has grown rapidly thanks to generous handouts of cash and stocks to newly onboarded real estate agents. But amid leaner times, those perks are going away. Continue reading

Kenny G’s former Seattle estate lists for a record $85M

Previously, the priciest listing in the greater Seattle area was a $60 million property listed about two years ago, which was also located in the Hunts Point community. Continue reading

Remote work’s impact on real estate will linger — possibly forever

The CEO of IBM, which employs hundreds of thousands of people, recently described remote work as “the new normal.” And that translates to permanent changes to the housing market. Continue reading

Homebuyers ‘win with cash’ as Homeward launches in West Coast

The company, which provides cash backing to homebuyers, will now operate in both Oregon and Washington, bringing the total number of states in which Homeward operates to seven. Continue reading

The Agency sails into Seattle with new franchise

The office marks the firms 35th franchise to date, and its fourth location in the Pacific Northwest. Continue reading