Real Estate

ARTICLES

Total value of homes sold in Northwest increases 18%+ in 2016

Closed sales transactions increase for the year
Home values increased in 2016, along with the number of homes sold throughout the year, leading to an increase of more than 18% in the total value of homes sold. The increase in sales, however, is not being replaced with new inventory as the housing shortage continues to grow.
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Housing starts hit best year since 2007

December makes up grounds lost in previous month
December made up for some of its lost ground in November with an increase in housing starts. In fact, 2016 finished off the year as the best year for housing starts since 2007. However, the market remains in desperate need of new housing stock.
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Homebuilders keep confident moving into 2017

But less confident than December
Builder confidence came down off December's high, the highest level for more than 10 years, but remains strong headed into 2017. According to the National Association of Home Builders, many builders are excited for the business conditions that the new administration will bring.
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Clayton Homes announces launch of new home delivery division

Held ribbon-cutting ceremony Dec. 8
Clayton Homes, a Berkshire Hathaway company, opened a new division of its company and will now be transporting its own manufactured houses. It announced it will use the new division to take more control over its homes on the road. Here’s more on the new division, and the training the new drivers will receive.
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Capital Economics: Trump’s wall will constrain housing starts

Constrain, but not derail
President-elect Donald Trump’s plan to build a wall between the U.S. and Mexico could create more competition in an already tight labor force. The construction labor market could see even more tightening, and constrain housing starts over the next couple years if Congress approves funding for the wall.
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Contaminated military housing could be causing leukemia

At least 11 near Laurel Bay military housing diagnosed
Contamination under a military base in South Carolina lead some military moms to believe it could be the cause for their children’s cancer. At least 11 families near the base have children battling leukemia, but are the military’s efforts to fix it too little too late?
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Another Texas city sees record-setting year in 2016

San Antonio home prices rise above $200K for first time
Another city in Texas saw a record-setting year for 2016 with its rising home prices, low housing inventory and high demand. While not on national top 10 lists for booming markets, San Antonio could very soon follow in the footsteps of its neighboring cities as markets in Texas continue to heat up.
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