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SELLERS’ MARKET? HOW ABOUT BUILDERS’ MARKET?

Will Springer Realtor

Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8% Who said this is a sellers’ market? “In Lot availability is at multi-decade lows and the construction industry currently has more than 330,000 open positions.”. construction jobs in the U.S.,

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. Homes considered “affordable” tend to be at or below 80% of median family income levels and only 23,877 units have been constructed across the state since 2020 – about 3.3K

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Expectations for 2023 in Seattle/King County Real Estate

Will Springer Realtor

Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. Locally, permits for single- and multi-family home construction are down about 20% from this time last year. and ease to 4.9%

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

In this analysis, we also show you current data along with key lessons from both the 2015 oil price crash and the 2008 great recession. Avoid 9 Costly Mistakes Sellers Make. On the other hand, the four restaurant workers would still need to spend monthly payments for rent, food, transportation, and insurance. Need To Sell?

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Now, home builders would need to construct as many as 1.2 This was the fastest pace for combined single-family and multi-family construction since June 2006. >> NAHB reported an estimated 15% of all new-construction home sales in the U.S. That’s 52% higher than 2018, when Freddie first began looking at housing shortages.