The Northwest Multiple Listing Service (NWMLS) released a press release that signals good news for home buyers, as April 2019 data revealed increasing inventory, slowing price growth rates, and low mortgage rates.
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Following the release of the latest S&P Case Shiller Home Price Index, the Seattle Times once again proclaimed the decline of residential home prices in the Seattle metropolitan area. Contrary to headlines, however, trendlines give way to a more nuanced story. Some are using the Case Shiller Index to reinforce misleading growth reports, so let’s have a look at the data used to calculate the Index and compare it to results gathered from sales data in the Northwest Multiple Listing Service (NWMLS).
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