Remove 2020 Remove Development Remove Modernization Remove New Listings
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100+ YEARS IN, ZONING LAWS INCH TOWARD HOUSING EQUITY

Will Springer Realtor

The first successful zoning laws were established in 1916 to determine building heights in New York City, soon followed by the zoning of residential and business districts. The effort was led by lawyer Edward Bassett, who went on to develop freeways and parkways. Seattle alone saw a 29% (1213) monthly increase in new listings.

Law 36
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Will Springer Realtor - Untitled Article

Will Springer Realtor

Even with aggressive changes to state and local zoning and fewer obstacles for building developers, the highly regarded Urban Institute estimates that by 2044 the Puget Sound region will be 140K homes shy of real demand. With the settlement, a wave of new listings hit the market in the past several weeks. shy of the need.

HOA 36
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Will Springer Realtor - Untitled Article

Will Springer Realtor

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. List price: $43M ($5548/sq. Prices declined 5.4% in King ($468K), 6.3% baths , 3700 sq.

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

While these are promising developments, there will always be the affordability question. based on 2020 data from the U.S. >> The Puget Sound region suffered from a severe lack of new construction in the decade ending in 2020, according to U.S. according to research from the National Association of Home Builders.

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JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

Urban planners have a name for it: the 15-minute neighborhood and it is already in development in parts of the country, including Seattle. Where would you like to see this type of neighborhood development? Make sure residents can get to their employer and to a jobs center. Send me a message. ——-.

Buyers 36
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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

And, Seattle’s attempt to force building developers to incorporate more affordable homes within their new residential endeavors yielded only 21 units in 2020 out of a swell of 224 construction projects. from April 1, 2020, to the same day in 2021, to 7.77M residents. The state grew 1.5% AUGUST HOUSING UPDATE.

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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

It is developing several single-family and multifamily communities in King and Snohomish counties. The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities.