Remove 2011 Remove Contracts Remove Inventory Remove Transportation
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Will Springer Realtor - Untitled Article

Will Springer Realtor

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

HOA 36
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IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

Buyers will likely snap up any home to be within walking distance of the new transportation hubs. The combination of buyers leaving the market, which brings down demand, and the slow but steady increase in new listings has beefed up inventory slightly month-to-month. Inventories improved fractionally. Who needs a car?!

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Expectations for 2023 in Seattle/King County Real Estate

Will Springer Realtor

That real estate party of unquenchable buyer demand against a backdrop of low inventory is over. Fuel to fill our vehicle gas tanks and to transport goods weigh heavily on inflation; 18% of the Consumer Price Index is for transportation costs – the second largest component of the CPI after housing/shelter (42%).