Oregon Eyes Housing, Focusing on Energy Efficiency

Oregon Eyes Housing, Focusing on Energy Efficiency State Rep. Pam Marsh said most of the upcoming legislation for new and existing buildings will come from recommendations made by the Resilient Buildings Task Force, a committee made up of legislators and a… Read More OPB https://www.opb.org/article/2023/01/20/oregon-climate-change-energy-efficient-housing-green-renters-government/

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Florida Home Values Rose More Than Every Other State in 2022

Florida Home Values Rose More Than Every Other State in 2022 The average value of a Florida home, per the most recent publicly available data measured in December 2022, was just under $405,000 — That’s up more than $56,000 from $345,305 in January 2022. Read More WFLA https://www.wfla.com/news/florida/florida-home-values-rose-more-than-every-other-state-in-2022-data-shows/

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1/24/2023 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Existing home sales slip for 11th straight month, but median sales price still up 2.3 percent year-on-year Existing-home sales faded for the eleventh straight month to a seasonally adjusted annual rate of 4.02 million. Sales waned 1.5% from November and 34.0% from one year ago. The median existing-home sales price climbed 2.3% from the previous year to $366,900. Existing-home sales totaled 5.03 million in 2022, down 17.8% from 2021, as last year’s rapidly escalating interest rate environment weighed on the residential real estate market.…

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Adding Color to Midcentury

Adding Color to Midcentury A Northwest Custom Woodwork fireplace wall built from wood slats serves as the living room centerpiece. Circular accents in the guest bathroom and an Ann Sacks backsplash nod to the era’s obsession with geometry. Read More SeattleMet https://www.seattlemet.com/home-and-real-estate/2023/01/edmonds-washington-colorful-midcentury-modern-home-remodel-the-residency-bureau

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01-20-2023 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Purchase loan apps soar 25% in first year of 2023, but down 35% year-on-year The Market Composite Index for mortgage applications increased 27.9 percent on a seasonally adjusted basis from one week earlier, with purchase loans rising 25 percent (but down 35 percent year-on-year) and refinance activity rising 34 percent (but down 81 percent year-on-year). The adjustable-rate mortgage (ARM) share of activity decreased to 6.6 percent of total applications. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to…

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