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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

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. Kitsap County had the fewest number of units built per household formed between 2010 and 2020 (0.55). with annual property taxes at, gulp! , $233,383!

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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

And, Seattleā€™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. POTENTIAL TAX SAVINGS. Skyrocketing property values in our area have their downsides. The state grew 1.5%

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Will Springer Realtor - Untitled Article

Will Springer Realtor

They have also been spending oodles of money to shape their residences to meet new living needs ā€“ modern and spacious, when possible ā€“ as households live in their homes for longer. The figure was 37% lower than a year ago and, for context, the five-year average of new listings for the month just before the pandemic began was 4021.

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FINDING THE KEY TO UNLOCK ā€˜STUCKā€™ HOMEOWNERSHIP RATE

Will Springer Realtor

. >> Seattle homeowners pay a median $4580 in property taxes, based on data collected by LendingTree.com. That ranks the Emerald City seventh among the top 50 most expensive metros for real estate taxes. New York City is No. Snohomish Countyā€™s Active listings more than doubled ā€“ to 1182 ā€“ from 500 from a year ago.

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