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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

“There is a strong desire for homeownership across this country, but the lack of supply is preventing too many Americans from achieving that dream,” said Lawrence Yun, chief economist for the National Association of Realtors® (NAR). A surprising 3% used the time to build a new house. List price: $4.698M, $868/sq. This 5-bed, 4.25-bath

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IS THE HOUSING MARKET HEADED FOR A CRASH?

Will Springer Realtor

>> The National Association of Realtors® revised its economic forecasts for 2021 – and things are looking up. Among other revised national forecasts from NAR: New-home sales will rise 20%. The average King County single-family listing sold in May 9.5% The listing agent calls it “modern farmhouse.”

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Signs of Inflation Expand Well Beyond Housing Prices

Will Springer Realtor

home was $313,000 through February, a sharp 16% higher from a year ago, according to the National Association of Realtors® (NAR). The image was taken from a drone above The Parc, a condo in Belltown, where I am promoting one of my new listings. The median down payment represents 7.7% from the previous quarter.

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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

Lawrence Yun, chief economist at the National Association of Realtors® said in late July: “There are indications that mortgage rates may be topping or very close to a cyclical high.” An independent estimate from 2018 claims roughly 40% of the nation is in a flood-risk area. year-on-year (YoY). Will prices continue to fall?

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FINDING THE KEY TO UNLOCK ‘STUCK’ HOMEOWNERSHIP RATE

Will Springer Realtor

UNMARRIED AND BUYING TOGETHER For the third consecutive year, a report from the National Association of Realtors® (NAR) noted an increase in unmarried couples purchasing a home. The number of mortgage applications, a leading housing indicator, is at its lowest levels nationally since late 2018. month to month (436) and 6.1%

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JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

“We envision a country where no matter where you live, or who you are, you can enjoy living in a place that is healthy, prosperous and resilient,” Calvin Gladney, CEO of Smart Growth America, told a group of Realtors® in D.C. On to new listings, and we start far away. home with dramatic Northwest views for $5.25M ($2018/sq.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

That’s 52% higher than 2018, when Freddie first began looking at housing shortages. They have declined for two consecutive months, according to the National Association of Realtors®. But, in speaking to a political-affairs lobbyist for Washington Realtors®, the bill became “watered down.” Listed at $1,995,000 ($725/sq.