Seattle Real Estate News
Seattle
U.S. Residential Foreclosures Dip 10 Percent Annually in 2024
According to ATTOM's Year-End 2024 U.S. Foreclosure Market Report, foreclosure filings--comprising default notices, scheduled auctions, and bank repossessions--were reported on 322,103 U.S. properties in 2024.
Architecture Industry Sees Mixed Signals as 2025 Approaches
While the AIA/Deltek Architecture Billings Index (ABI) dipped slightly below 50 in November 2024, the score hovered near the threshold, reflecting an almost equal split between firms reporting increases and decreases in billings.
U.S. Residential Asking Rents End 2024 at Lowest Levels in 3 Years
According to Redfin, the median U.S. asking rent fell 0.3% year-over-year in December 2024, reaching $1,594--the lowest figure since March 2022. This represents a 0.1% decline from the previous month and a 6.2% drop from the record high of $1,700 in August 2022.
One Third of U.S. Homeowners Say They Will Never Sell
A recent survey commissioned by Redfin reveals that more than one-third (34%) of U.S. homeowners have no plans to ever sell their home, while an additional 27% say they wouldn't consider selling for at least another 10 years.
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