Berkshire Hathaway

MAY 5, 2021

The trend this year seems to be among buyers “why is it so hard to find a house” Well one of the answers is we are in the ultimate sellers’ market, which means the market it very competitive for buyers right now. Low inventory in the housing market isn’t new, but it is becoming a lot harder to navigate.

Housing Market 41

Housing Market Marketing Sellers Buyers 41

Lamacchia Realty

JANUARY 24, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. 2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. Broward County. Miami-Dade & Palm Beach Counties. What's Ahead?

New Listings 49

New Listings Inventory Buyers Realty 49

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). The good news comes from major national builders who have shared their forecasts for growth in the coming years. And many of the new projects are larger than in years past.

Construction 36

Construction Inventory Buyers Real Estate 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. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% The new home market was 31% of the total U.S.

Finance 68

Finance Inventory Construction Buyers 68

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

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. Supply of resale housing (as opposed to new construction) is shrinking across our region. There are 1.3

Buyers 36

Buyers Inventory Construction Finance 36

Listing Spark

JANUARY 12, 2023

Home sellers should focus on their local market and pull out all the stops when listing a house. 2022 Market Trends: Decrease in sales, values, and new listings in Austin, TX; median home value up 9.9% Prices have been falling in the market and it is becoming more normal to do a price drop on your listings.

Real Estate 36

Real Estate Marketing Home Value Inventory 36

Listing Spark

MARCH 9, 2023

But as potential buyers and sellers begin mapping out their plans for the future, understanding how the state’s real estate market is shifting is essential. This left sellers either frantically trying to unload their properties or riding out the storm and hoping for values not too badly impacted by this spike in costs.

Real Estate 36

Real Estate Marketing Inventory Sellers 36

Will Springer Realtor

MAY 13, 2024

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. An annual survey released this month by the Federal Reserve Bank of New York said renters put the probability of ever owning a home at 40%, down from 44% last year.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

JULY 11, 2023

The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4% While that percentage may appear strong, it’s nothing compared to the April-to-May rise of 18%, signaling a probable cooling of new listings in the future. New single-family-home listings rose 3.8%

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Will Springer Realtor

JUNE 8, 2022

The pandemic has made attaining ownership more difficult, particularly in housing-starved Seattle (pictured) and across King County where the number of homes on the market (Active listings) has trended lower for most of the past decade-plus. With scarcity comes price appreciation. What is the answer? What happens then? BY THE NUMBERS. >>

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

AUGUST 11, 2023

Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). The national trend for new construction, however, is generally moving in the opposite direction. In the 1990s, one-third of new homes were smaller than 1800 sq.

Buyers 36

Buyers Development Construction New Listings 36

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. We certainly see that in all forms of residential real estate – from new construction to finding items for the home.

Construction 36

Construction Supply Chain Real Estate Development 36

Will Springer Realtor

AUGUST 9, 2021

Housing affordability decreased in 45 of the 50 states from 2012 to 2019. Washington state now (right) has less than 45% of all households able to afford the median priced home (as of 2019, when the state’s median figure was more than $100,000 less than today). A surprising 3% used the time to build a new house.

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

JUNE 9, 2021

Even if a household faced the prospect of foreclosure, buyers would be happy to take the home off an owner’s hands – likely at a profit for sellers – while providing needed inventory. million people work in residential construction, or about 2.8% The average King County single-family listing sold in May 9.5% >> About 4.4

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

FEBRUARY 14, 2023

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). Another positive sign: The number of new listings surged from the previous month. has soared to $88,300 as of late 2022.

Housing Market 36

Housing Market Marketing Inventory Buyers 36

Will Springer Realtor

APRIL 8, 2021

were putting down $24,500 in the most recent survey, up a whopping 82% from Q4 2019 ($13,441). The national median family income rose just 4% from 2019 to 2020, according to the Department of Housing and Urban Development, while most home prices are jumping each year by 10% or more. million new homes as of the start of this year.

Inventory 36

Inventory New Listings HOA Buyers 36

Will Springer Realtor

SEPTEMBER 12, 2023

A concrete and steel cover connecting First Hill to downtown, for example, would reduce traffic noise, potentially add more parkland and encourage construction of new housing. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. While there were 5.8% I know, right?!)

Sellers 36

Sellers Development Retail Real Estate 36

Will Springer Realtor

OCTOBER 8, 2021

To be sure, the market is still leaning heavily in the sellers’ favor and listings are slimmer than a strand of spaghetti. Construction could start as soon as 2022 on an ambitious three-tower project known as Cloudvue. New listings are up 6.3% Condo sales are in a similar boat, with new listings higher – by 4.3%

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

MAY 9, 2022

just as Google opens another office building in Kirkland and Microsoft expands its 120-structure Redmond campus with plans for 17 new office buildings. All this tech construction gives new meaning to IT architecture! “A BY THE NUMBERS. >> The average size of a newly constructed single-family home is now 2524 sq.

Architecture 36

Architecture Design Buyers Construction 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

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. Now, home builders would need to construct as many as 1.2 million more home listings across the U.S.

Real Estate 36

Real Estate Inventory Buyers Construction 36