Industry News Market Update News

Washington state no. 2 for fastest-climbing home prices in nation

Photo by Jéan Béller on Unsplash

Mike Rosenberg | Seattle Times

For the first time in a year and a half, Washington is no longer the state with the hottest housing market in the country, though not because homes here have suddenly become cheap.

Home prices grew faster in Washington than in any other state starting in January 2016 and, after being briefly overtaken by Oregon later that year, this remained the hottest state in the country since December 2016, according to CoreLogic.

But the new numbers show Nevada had the biggest home-price increase in the nation in June, with Washington second.

Buyers shouldn’t start celebrating much, however. Like in King County, the market statewide is also cooling, but just from red-hot to slightly-less-hot.

Read the rest here: Washington state no longer has the nation’s fastest climbing home prices

Find the original article here.

Related posts

From ‘brutal’ to ‘boring:’ Puget Sound housing market projected to mellow out in 2023

jlspr

Nation’s largest MLS will get even bigger this year

jlspr

Gloomy prediction for home buyers: Prices will continue to rise in 2023, despite a cooling housing market

jlspr