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February 2020

Found 2 blog entries for February 2020.

The latest housing market outlook from Zillow projects that the nearly two-year slowdown in the housing market may be coming to an end right as home shopping season kicks off.

U.S. home values grew 3.8% year-over-year to $245,193, less than one-hundredth of a percentage point slower than the previous month, according to the January Zillow Real Estate Market Report. Annual home value appreciation has slowed in each month since April 2018, but this is the smallest drop from one month to the next during that period.

Though the number of homes listed for sale increased from record lows a month earlier, inventory is down 8% annually -- the biggest annual drop since March 2018, Zillow said. There were 1,500,262 homes on the market in January, up 4,295

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Not enough housing has been built in Washington to meet in-migration and job growth, which has fueled home price and rent escalation, longer commutes as people drive farther for affordable housing, and lower quality of life, according to a January report that calls for more high-density housing walkable to transit corridors and other amenities. More high- and medium density housing and fewer single-family homes would improve lifestyles, the environment, Gross State Product (GSP) and tax revenues, it projected.

The report, Housing Underproduction in Washington State: Economic, Fiscal, and Environmental Impacts of Enabling Transit-Oriented Accessible Growth to Address Washington’s Housing Affordability Challenge, was authored by Up For Growth, a

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