Posted by Hailey Miller 

• The dollar volume of homes purchased by foreigners from April 2018 through March 2019 dropped 36% from the previous year, according to the National Association of Realtors.
• Foreigners bought 183,100 properties with a total value of about $77.9 billion, down from 266,800 properties valued at $121 billion a year earlier.
• “The magnitude of the decline is quite striking, implying less confidence in owning a property in the U.S.,” the Realtors’ chief economist says."

Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, caused a stunning drop in foreign demand for American homes.

The

Posted by Hailey Miller on Monday, July 8th, 2019 at 1:01pm.

• Area Home Prices Increase a Normal 3.5% YTD
• King County Prices Slightly Down
• Inventory, pending sales and prices all increased during June

Buyers getting “some relief” as key indicators point to strong summer for housing market

KIRKLAND, Washington (July 8, 2019) – Inventory, pending sales and prices all increased during June
compared to a year ago, according to the latest report from Northwest Multiple Listing Service. The same
report, which covers 23 counties in Washington state, shows year-over-year drops area-wide in both the
volume of new listings and closed sales.

“Clearly we now see that the market is moderating – that is we’re definitely moving from a