Remove 2011 Remove Buyers Remove Construction Remove Modernization
article thumbnail

Making housing more affordable by bridging the affordable supply gap

Housing Wire

Since 2011, the number of existing single-family homes for sale has declined more than 30%. As Candace Taylor writes in The Wall Street Journal , “These days, buyers eschew the large, ornate houses built in [previous] years in favor of smaller, more-modern looking alternatives.”

Finance 368
article thumbnail

HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

Builders began construction on just under a million single-family homes in 2020. The Institute outlined four ways innovative builders could accommodate the emerging buyer wants: Immersion into nature. Here’s a negotiating tactic that you may not have thought of: Sellers who “spy” on buyers when they are visiting the home.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Will Springer Realtor - Untitled Article

Will Springer Realtor

Buyers are finally receiving a break on prices, falling sharply from October for single-family homes and among all home types (single-family, townhome and condo combined). The four-county region of King, Snohomish, Pierce and Kitsap is on a pace to be the slowest year for total home sales since 2011. 1, was about 17% lower than Nov.

article thumbnail

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

HOA 36
article thumbnail

SEATTLE POPULATION SPURT FUELS HOUSING DEMAND

Will Springer Realtor

They found that the number of households headed by 25- to 34-year-olds grew by 300,000 per year in 2016-2021, up sharply from an average annual growth of 45,000 households between 2011 and 2016, a difference of 260,000 additional households per year. Affordability continues to be the No. 1 roadblock to ownership. Atlantic City, N.J.,

Buyers 36
article thumbnail

Freddie Advice: How to Avoid Using “Bad” Words

Appraisal Today

Originally constructed in 1973, an 1100 ht.sq.ft. addition in 2011 expanded its footprint and modernized its features also adding a 4-car garage. Additions may be constructed, outbuildings added, and zoning regulations updated. A highlight of this exceptional home is its recently updated kitchen, completed in 2022.

article thumbnail

CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

All this tech construction gives new meaning to IT architecture! “A Another 1350 are under construction with delivery in the next two years, including the high-end Avenue Bellevue. Between 2011 and 2019, the median household income in our area increased by about 34% but housing prices jumped 78%. million sq.