CB Bain Training From: Sent: To: Subject: John Deely Friday, August 17, 2018 12:53 PM John Deely This Week s News Links My mission in life is not merely to survive, but to thrive; and to do so with some passion, some compassion, some humor, and some style. ~ Maya Angelou $1 Million Cities on the Rise in the U.S. The United States has 197 $1 million cities according to Zillow s $1 Million City List, which identifies cities with median home values of $1 million or more https://thinkrealty.com/1-million-cities/ _ The U.S. Will Gain 23 New $1 Million Cities Within the Next Year Over the next year, 23 more cities across the U.S. will make Zillow's "$1 Million City List," defined as a city with a median home value of $1 million or more, includes Bellevue http://zillow.mediaroom.com/2018-08-09-the-u-s-will-gain-23-new-1-million-cities-within-the-next-year Adventuress Pam Lyford lists coveted Medina waterfront estate for $35 million A postcard-perfect Medina waterfront property belonging to adventuress Pam Lyford is on the market for $35 million. https://www.bizjournals.com/seattle/news/2018/08/10/pam-lyford-chuck-medina-waterfront-home-for-sale.html New trend shows Seattle home price increases are gradually slowing Finally there is some good news for people struggling to buy a home in the Seattle area's red-hot real estate market. https://komonews.com/news/local/new-trend-shows-seattle-home-price-increases-slowing Real Estate Roundup: A construction boom for senior living It's a segment of the housing market that doesn't always catch the most attention, but right now it's hard to ignore: senior living. https://www.bizjournals.com/portland/news/2018/08/16/real-estate-roundup-a-construction-boom-for-senior.html _ 1
Portland's Hottest 'Hoods: The neighborhoods with the priciest home sales in Q2 Sure, by many markers, Portland's housing market is slowing down. But by one very critical marker, the market remains as bustling as ever. https://www.bizjournals.com/portland/news/2018/08/02/portlands-hottest-hoods-heres-where-homes-cost-the.html _ Seattle residents continue shift from home ownership to renting Rentership is on the rise in Seattle and most of the largest cities in the U.S. as homeownership grows increasingly unaffordable. https://www.bizjournals.com/seattle/news/2018/08/15/seattle-residents-continue-shift-from-home.html Housing tipping back to a buyer's market as sellers cut prices Approximately 14 percent of all listings in June had undergone a price cut, that's up from a recent low of 11.7 percent at the end of 2016, according to a new report from Zillow. https://www.cnbc.com/2018/08/16/housing-tipping-back-to-a-buyers-market-as-sellers-cut-prices.html US homebuilding slowing; labour market strong US homebuilding rebounded less than expected from a nine-month low in July, suggesting the housing market was likely to tread water for the rest of this year against the backdrop of rising construction costs and labor shortages. https://www.businesstimes.com.sg/real-estate/us-homebuilding-slowing-labour-market-strong This is the No. 1 place to live on earth Vienna, Austria is the most livable city, according to a new report https://moneyish.com/ish/this-is-the-no-1-place-to-live-on-earth/ Blistering U.S. economy still surging at midsummer, leading index shows Leading U.S. economic indicators jump 0.6% in July https://www.marketwatch.com/story/blistering-us-economy-still-surging-at-midsummer-leading-index-shows-2018-08- 17 U.S. Home Prices in July Grew at Slowest Pace in Two Years Sales price increased 5.3% year-over-year, Redfin finds https://www.mansionglobal.com/articles/u-s-home-prices-in-july-grew-at-slowest-pace-in-two-years-105998 Luxury Home Sales in California's Bay Area Up 32% Transactions of properties priced at over $3 million increased more than any other price segment 2
https://www.mansionglobal.com/articles/luxury-home-sales-in-california-s-bay-area-up-32-105702 You'll Never Guess Where Homeowners Are Moving the Most, Really There are some parts of the country where locals seem to have their bags packed practically from birth ready to move at a moment's notice. And then there are others where they put down deep roots, sometimes forever. https://www.realtor.com/news/trends/homeowners-fleeing-popularcities/?link=td_mansionglobal_new_mansion_global.11147f181987fd93&utm_source=mansionglobal_new_mansion_gl obal.11147f181987fd93&utm_campaign=circular&utm_medium=move 5 Kitchen Design Layouts That Can Actually Change Your Life In the decade or so since the Great Recession hit, the economy has been mending itself; the job market has seen strong growth, and home values are climbing back up -- especially in Seattle. https://www.realtor.com/advice/home-improvement/which-kitchen-design-layout-is-right-foryou/?iid=rdc_news_hp_carousel_thelatest Jackie Gleason's Spaceship-Like Party House in the Woods Is Listed for $12M In the early 1950s, high-flying TV comedian Jackie Gleason embarked on a project to build a one-of-a-kind party house in the woods north of New York City. https://www.realtor.com/news/celebrity-real-estate/jackie-gleason-spaceship-party-house/ De Beers diamond heiress lists spaceship-inspired estate near Yelm for $11 million A futuristic showstopper mansion, owned by diamond mining company heiress Rebecca Oppenheimer, the granddaughter of former De Beers Consolidated Mines Chairman Harry Oppenheimer, isthe most expensive house to ever come on the market in Pierce, Kitsap or Thurston counties https://www.bizjournals.com/seattle/news/2018/08/11/cool-pads-de-beers-diamond-heiress-yelm-spaceship.html Washington state no longer has the nation s fastest-climbing home prices 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. https://www.seattletimes.com/business/real-estate/washington-state-no-longer-has-the-nations-fastest-climbinghome-prices/ Google expanding again in Seattle, with new tower next to Amazon Google, already set to become one of Seattle s biggest employers, is expanding again right in the heart of Amazon country. 3
https://www.seattletimes.com/business/real-estate/google-expanding-again-in-seattle-with-new-tower-next-toamazon/ Courtney Love Dumping Abandoned Washington Property Though it s in need of what listing details call everything, the all-but-decrepit two-story main residence, somewhat grandly fronted by deep, double-stacked porches, has three bedrooms and two bathrooms in just over 2,300 square feet. https://variety.com/2018/dirt/real-estalker/courtney-love-washington-property-1202903733/ Market Hotness Index Metro Hotness - Zip Code and County Hotness https://www.realtor.com/research/reports/hottest-markets/ HOUSING STATISTICS Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more. http://www.nahbclassic.org/reference_list.aspx?sectionid=819&channelid=311 CoreLogic Home Price Insights The most geographically comprehensive and current home price index. http://www.corelogic.com/about-us/researchtrends/corelogic-home-priceinsights.aspx?wt.mc_id=crlg_151103_ahqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqcampaignid=2692&elqaid =7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl Bureau of Economic Analysis U.S. Economy at a Glance http://www.bea.gov/index.htm U.S. Housing Market Tracker The U.S. housing market has struggled to find equilibrium after the bubble of the past decade. Here s a look at where various gauges of supply and demand stand today. http://graphics.wsj.com/us-housing-market/ Mortgage Market Survey Archive Compilation of Weekly Survey Data for 2015 http://www.freddiemac.com/pmms/archive.html 4
Housing Economics NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry. https://www.nahb.org/en/research/housing-economics.aspx This Weeks Links are compiled by John Deely John M. Deely, CRB Principal Managing Broker Coldwell Banker Bain Seattle, Lake Union Office Desk: 206.216.2365 Cellular: 206.972.6706 johndeely@cbbain.com www.johndeely.com 5