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Lance Lambert highlights that single-family home prices in the Seattle, WA metro area are currently down 2.2 percent year-over-year. This data, sourced from the Freddie Mac House Price Index, points to a decline in the region’s housing market after decades of growth.
Lambert previously reported that national home price growth is trailing both income gains and inflation. He has also flagged a rise in FHA mortgage delinquencies. The recent drop in Seattle home prices follows these broader shifts in housing and mortgage data.