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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

. >> The Puget Sound region suffered from a severe lack of new construction in the decade ending in 2020, according to U.S. Kitsap County had the fewest number of units built per household formed between 2010 and 2020 (0.55). And what a thoughtful listing video. It’s modernism in Medina! List: $21.5M ($3107/sq.

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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 β€œmodern farmhouse.”

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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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FINDING THE KEY TO UNLOCK β€˜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! After a continued rise in sales activity through March, the number of Seattle listings under contract and new listings have eased. month to month (436) and 6.1%

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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

>> The City of Kent reported home prices increased 88% between 2010 and 2018, while incomes for homeowners rose 11% in that time. Some highlights from the Northwest Multiple Listing Service (through July): The combined number of condo, townhome and single-family homes on the market as of Aug. List price: $4.698M, $868/sq.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

The narrow area known as Westlake, just west of Lake Union (and, notably, close to Facebook, Google and Amazon offices), has seen the number of people aged 25-34 double from 2010 to 2019 and now comprise 52% of its residents. Listed at $1,995,000 ($725/sq. Sellers typically ask for back-up buyers. This 3-bed , 3.25-bath,