Will Springer Realtor

MAY 18, 2021

(This is an updated post from one originally published in January 2019.). In the case of the initial deposit, sellers who have agreed to accept an offer are expecting the buyer, as the contract from the Northwest MLS states, “deliver the earnest money by the delivery date” listed on the first page.

Buyers 36

Buyers Sellers Real Estate Contracts 36

Cornerstone

MAY 4, 2021

But before you sign any contracts, keep in mind that there’s something unique going on in today’s housing market. Compared to 2019, millennials are spending 60-percent more on home improvement and doing on average 30-percent more projects.”. appeared first on Cornerstone Blog. projects, followed by Gen X at 2.8 per household.

Renovations 41

Renovations Home Improvement Loan Officers Real Estate Agent 41

Cornerstone

OCTOBER 26, 2021

In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. Based on CoreLogic data, this graph shows the rate at which appraisal gaps have been increasing: How might this impact you as a buyer or a seller? Home values are climbing at nearly historic levels.

Sellers 57

Sellers Buyers Appraisal Loan Officers 57

Appraisal Today

FEBRUARY 24, 2023

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post – Bias, Cost cutting, slow business, unusual homes, mortgage origination stats, etc. The average contract interest rate for 15-year fixed-rate mortgages increased to 5.98

Appraisal 52

Appraisal Architecture Valuation Business 52

Appraisal Today

JANUARY 26, 2024

NOTE: Please scroll down to read the other topics in this long blog post on forecasts for mortgage rates, a look back at the 80s a very similar mortgage market, appraising in a changing market, unusual homes, mortgage origination stats, etc. == A Redesigned $48.5M Slow market with 100% seller financing. baths, 16,225 sq.ft.,

Contracts 85

Contracts Appraisal Mortgage Inspection 85

Appraisal Today

JULY 29, 2022

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on USPAP Update Mistakes on Bias, Real Estate Market analysis, the FED raises interest rates, unusual homes, mortgage origination stats, etc. With four bedrooms and 4.5

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. The number of single-family homes going under contract (Pending sales) fell 8.7% The market has, ahem , evolved in the four years since.

Sellers 58

Sellers Buyers New Listings Inventory 58

Hood Homes Blog

SEPTEMBER 23, 2019

Updated 9/23/2019; Originally published 4/9/2018. The Seller’s Disclosure is required by law, but ultimately not very useful Do your own due diligence on a property, including a third party inspection ! The seller is responsible to keep the seller’s disclosure updated. Texas Seller’s Disclosure Law.

Inspection 54

Inspection Sellers Agents Law 54

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Lamacchia Realty

DECEMBER 21, 2021

2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. Homes still do sell over the holidays so motivated sellers can still take advantage of the serious pool of buyers who are out there looking. Just like sales, 2021 prices are up higher when compared to 2019 as well by 24.2%

Sellers 66

Sellers Buyers Landlords Tenants 66

Will Springer Realtor

MAY 13, 2024

SETTLEMENT FOLLOW-UP A judge has preliminarily approved the $418M antitrust class-action settlement involving sellers’ compensation to brokers/agents in residential real estate sales. The favorable boost in supply is the result of fewer buyers and sellers compared with most spring seasons. Details still need to be ironed out, but U.S.

HOA 36

HOA Transportation Construction Buyers 36

Appraisal Today

SEPTEMBER 1, 2023

NOTE: Please scroll down to read the other topics in this long blog post on MLS hacked, Wells Fargo discrimination, unusual homes, mortgage origination = $274K Bedford, Pennsylvania Mansion Comes With Its Own Jail Excerpts: 5 bedroom, 1.5+ The average contract interest rate for 15-year fixed-rate mortgages remained unchanged at 6.72

Appraisal 78

Appraisal Contracts Mortgage Real Estate 78

Will Springer Realtor

APRIL 9, 2024

It was particularly true on the Eastside, where sales surged 52% from February to March and 9% year-on-year (YoY) and inventory narrowed to under a month (29 days) before all homes for sale would theoretically be under contract if no others hit the market. However, we are missing the typical boost of sellers. since February and 9.8%

Marketing 59

Marketing Inventory Buyers Sellers 59

Will Springer Realtor

DECEMBER 13, 2022

Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. (The 14 – after the publication of this blog post – when it will likely announce another rate rise.). That’s down 0.3%

Real Estate 36

Real Estate Buyers Construction Sellers 36

Will Springer Realtor

MARCH 14, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

Marketing 36

Marketing Buyers Inventory Sellers 36

Will Springer Realtor

DECEMBER 14, 2021

Welcome to the fourth annual Living the Dream blog predictions and projections in real estate and beyond. Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. That’s far higher than YoY figures at the end of 2020 (up 1.7%) or 2019 (2.5%). Consumer prices are going up and up – 6.5%

Real Estate 69

Real Estate Buyers Construction Sellers 69

Will Springer Realtor

JULY 13, 2023

urban centers remain mostly higher than in 2019. The national office vacancy rate stands at 16% through March , up from 11% at the end of 2019 – just before life changed for you, me and the world. Check out my blog post on the topic. Another sale followed 11 days later and six others are under contract preparing to close.

Construction 36

Construction Supply Chain Real Estate Development 36

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. times more than at the end of 2019. At least that’s what some economists have expressed. Scary, indeed, but are these signs of a pending housing recession?

Finance 67

Finance Inventory Construction Buyers 67

Will Springer Realtor

JUNE 13, 2023

Yes, there are few buyers in an inflation-heavy economy with high interest rates, but for home prices to go down there needs to be fewer buyers than sellers – and that is just not within the realm of possibility today. That share from 2000–2019 was an average of 13%. In March, 33% of homes listed for sale in the U.S. in Pierce, 4.3%

Buyers 36

Buyers Inventory Construction Finance 36

Will Springer Realtor

JULY 12, 2022

Currently, homes under contract (Pending sales) are down 19% YtD across King and by 20% for single-family homes, including down 36% in the combined neighborhoods of Magnolia and Queen Anne. The number of homes for sale in King (4207 as of July 1) is higher than at any time since October 2019, as this chart shows. Across the U.S.,

Housing Market 41

Housing Market Marketing Buyers Contracts 41

Will Springer Realtor

JULY 11, 2023

The slippage in listings under contract – which is currently at the third-slowest annual pace this century (after 2008 and 2009) – is a barometer for future sales. The number of unsold (Active) listings in King is 49% fewer today than on July 1, 2019. However, that’s only up 7% year-on-year (YoY) and is half the level from June 2019.

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Will Springer Realtor

SEPTEMBER 8, 2021

It’s particularly true among homes priced at or below $500,000 in King County, where only 737 of those properties sold in August (36% fewer than in August 2019). Here’s a negotiating tactic that you may not have thought of: Sellers who “spy” on buyers when they are visiting the home. This is one of the most popular topics on my blog.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

FEBRUARY 14, 2023

Pending Sales – Another leading indicator, these are the homes that go under contract and typically complete the transaction within two months. The number of Pending sales soared 51% since December for all home types in King County to 1820 listings under contract, including a 69% boost on the Eastside (480) and a 47% jump in Seattle (610).

Housing Market 36

Housing Market Marketing Inventory Buyers 36

The Robert Weiler Company

NOVEMBER 10, 2021

If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. Regarding COVID-19, US office vacancy rates have increased from 9 percent in the fourth quarter of 2019 to 17.2 If it seems as if you’re over-leveraged you won’t get the loan.

Real Estate 78

Real Estate Retail Investing Tenants 78

Will Springer Realtor

MARCH 14, 2022

off their 2022 high of 3.92% (the highest level since May 2019). Most owners will contract work out for major renovation projects while doing DIY work on replacing flooring, painting or improving outdoor space, the survey from LendingHome showed. This past month’s stories on my Living the Dream blog focused on buyers.

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. For more information on where the economy and local housing market is headed, flip over to my blog for a recently published article with charts and analysis.

Housing Market 36

Housing Market Marketing Inventory HOA 36

Will Springer Realtor

MAY 12, 2021

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. Sellers typically ask for back-up buyers. The sellers are asking for $2.1M ($472/sq. 3-D PRINTED WHAT??

Real Estate 36

Real Estate Inventory Buyers Construction 36

K.W. Appraisals

MARCH 9, 2019

Realtors reported that seller traffic weakened in January 2019 compared to conditions one year ago. in 2019 and the strength in consumer spending will mean that the expansion is expected to set a new record length by mid year. Year-over-year contract signings, however, declined 2.3 percent to 103.2 in December.

Marketing 28

Marketing Contracts Realtors Government 28

Will Springer Realtor

NOVEMBER 10, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. October figures from the Northwest Multiple Listing Service (MLS) strongly suggest prospective buyers and sellers are taking a wait-and-see approach. Homes at Graystone start at $419.9K, or about $669/sq. Need an incentive to buy? I love my Seattle!

HOA 36

HOA Buyers Law Supply Chain 36

Will Springer Realtor

JUNE 8, 2022

The unprecedented housing price increases in our region – up 39% in King for all home types since May 2019 – will possibly stunt homeownership rates going forward. The change follows Oregon’s lifting in 2019 of zoning restrictions on housing to help address the housing shortage. With scarcity comes price appreciation.

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

JUNE 9, 2023

This net gain for Millennials is interesting when you factor our nation’s population growth has slowed for three consecutive years (2019-2021) to 100-year lows. The sellers, Cannabidiol business owners, are reportedly downsizing their living arrangements. The Harvard research did not have access to 2022 U.S. Census data.)

Buyers 36

Buyers Transportation Housing Market Law 36

Will Springer Realtor

JULY 9, 2021

I am often asked by sellers what home projects should they address to get the highest return on investment. increase in single-family permits over 2019. >> It is truly the epitome of a sellers’ market and experts I hear from are saying, basically, get used to it. THE ROI OF HOME RENOVATION. >> A whopping 3.8

Buyers 36

Buyers Development Transportation Inventory 36