Pressnall, who is vice president of industry relations for realtor.com, says the housing shortage from Seattle started to bleed into Tacoma, where home prices have risen 13.2 percent year-over-year.

Builder confidence amid affordability concerns dropped to its lowest level since the spring of 2015, according to the Wells Fargo Housing Market Index.

Learn the secrets of pitching successful TV shows and how they can be applied to real estate

CoreLogic has acquired HomeVisit, a real estate marketing and photography company, the data analytics firm announced Monday.