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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

You would be hard-pressed to find economists proclaiming that today’s housing environment in the PNW is nearing anything close to the 2008-type bust. >> Insights from 12,000 consumers and over 300 architectural designers show that 51% of residents will work from home in 2022, up from 33% before the pandemic. bath , 17,599 sq.

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FINDING THE KEY TO UNLOCK ‘STUCK’ HOMEOWNERSHIP RATE

Will Springer Realtor

The rate today is the same as in the late 1960s, except during the housing bubble of 2008-2010 when ownership rose – and we know how that ended up! >> Homeowners are open to space-saving tradeoffs in new construction, with 85% willing to consider island seating over a separate dining space in the kitchen. bath , 5123 sq.

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Signs of Inflation Expand Well Beyond Housing Prices

Will Springer Realtor

Here’s the key difference between now and 2008-2010: Homeowners have record levels of equity and should be able to tap into that to sell their homes – probably for a profit in this sellers’ market – and avoid foreclosure. The image was taken from a drone above The Parc, a condo in Belltown, where I am promoting one of my new listings.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

were flipped last year, down 29% from 2022 and the largest annual drop since 2008. seconds – when not parked in a penthouse high atop a gleaming new urban condo. This specially designed British supercar comes with a super price tag – about $1.7M. though the home is not currently listed on the MLS. .

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IS THE HOUSING MARKET HEADED FOR A CRASH?

Will Springer Realtor

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. The average King County single-family listing sold in May 9.5% The listing agent calls it “modern farmhouse.” bath , 5466 sq.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. There was plenty of excess in our region too, with about 23,700 listings (comprising all home types) across King and Snohomish counties in July 2008 (green). Listed at $1,995,000 ($725/sq.