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. King County new listings fell 13% from June to July (2158), led by a 20% slide in Seattle (690). on the Eastside. The county saw a 4.9%

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Sellers Buyers New Listings Inventory 60

Housing Wire

JUNE 21, 2021

. “I never know how my day is going to go, because when a new listing comes on the market in Knoxville, the race is on. ” Poveda said he usually discourages his buyers from waiving an appraisal — a popular tactic that has popped up during the housing craze of the last 18 months. It’s like a horse race.

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Housing Market Marketing Realtors Inventory 424

Housing Wire

MARCH 16, 2021

MBA’s homebuilder application survey showed new, single-family home sales running at a seasonally adjusted annual rate of 748,000 units in February 2021 – down 17.3% Total, MBA estimated that there were 65,000 new home sales in February 2021, down from 69,000 new home sales in January.

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Inventory New Listings Mortgage Buyers 271

Housing Wire

SEPTEMBER 12, 2023

The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. So, the author tried to use new construction prices from back in April to describe the whole U.S. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers.

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Contracts Inventory Housing Market Buyers 363

Lamacchia Realty

MARCH 29, 2022

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for February 2022 compared to February 2021. Miami-Dade & Palm Beach Counties. What's Ahead?

New Listings 53

New Listings Inventory Realty Buyers 53

Housing Wire

NOVEMBER 28, 2022

The downturn in the LEI reflects consumers’ worsening outlook amid high inflation and rising interest rates, as well as declining prospects for housing construction and manufacturing. In addition, we have a lot of two-unit construction built, which will bring more supply online. NAR total inventory data: 1,220,000 listings.

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Transportation Construction Housing Market Mortgage 520

Raleigh Realty

JULY 12, 2022

for overall real estate prospects Houses spend less than half the amount of time on the market than in 2021 Houses sell for almost $5,000 less than the national median price Over half of Raleigh residents own their home Raleigh Real Estate Demand Raleigh real estate trends show an increase in demand for housing in The Triangle.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Will Springer Realtor

SEPTEMBER 8, 2021

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. And many of the new projects are larger than in years past. BY THE NUMBERS. >> Buyers secured 3.8

Construction 36

Construction Inventory Buyers Real Estate 36

Lamacchia Realty

FEBRUARY 25, 2022

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for January 2022 compared to January 2021. Broward County. Miami-Dade & Palm Beach Counties. What's Ahead?

New Listings 41

New Listings Inventory Realty Buyers 41

GoForrmz

OCTOBER 26, 2022

In 2021 , we saw houses receive multiple offers and sell for thousands of dollars over asking price within hours. From virtual tours to real estate apps, it now takes less time and effort to communicate between sellers and buyers. Convert a pdf to a fillable form or easily create a new form from scratch–no code required.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

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% homes in 2021, for comparison.

Finance 68

Finance Inventory Construction Buyers 68

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. The big twist? A sharp increase in interest rates.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

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. Though buyer shouldn’t be alarmed.

Housing Market 41

Housing Market Marketing Sellers Buyers 41

Will Springer Realtor

JUNE 13, 2023

Unfortunately for buyers, both figures – prices and rates – are climbing, raising the hurdle to homeownership even higher for many. Today’s YoY declines underscore just how far the market has shifted from 2021 and 2022. Despite high interest rates, some hungry buyers are competing over limited inventory. in Seattle.

Buyers 36

Buyers Inventory Construction Finance 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 change in rates caused homes to immediately become significantly more expensive for buyers. This comes largely as a result of a steeper run up in prices in 2021.

Real Estate 36

Real Estate Marketing Inventory Sellers 36

Listing Spark

JANUARY 12, 2023

Sales were down 25% in Austin, Texas compared to 2021, and values are likely to continue decreasing in 2023. Builders will continue to target first-time home buyers with incentives. Home sellers should focus on their local market and pull out all the stops when listing a house. Episode Highlights. Key Takeaways. [0:03:13]

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Real Estate Marketing Home Value Inventory 36

McKissock

MAY 9, 2021

Industry News. 4 Essential Steps for Winning With Buyers and Builders. “New-home construction is an appealing option for many buyers, particularly those who have grown tired of being outbid in multiple offer situations. Policy News. NAR Advances 2021 REALTOR Policy Priorities.

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Real Estate Agent Real Estate Agents Buyers 52

Will Springer Realtor

DECEMBER 11, 2022

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. The number of active King County listings, as of Dec. 1, was about 17% lower than Nov.

Inventory 36

Inventory Construction Supply Chain Buyers 36

Will Springer Realtor

JANUARY 10, 2023

The number of new listings for all home types – single-family, townhomes and condos combined – in King (887) fell 47% from November and declined 36% from December 2021. In fact, the numbers of new single-family (701) and condo listings (186) in the county were 44%+ lower than November figures. from the year before.

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. 2) Interest rates skyrocketed and buyer demand plummeted Interest rates were the biggest story of 2023. trillion in 2021. trillion in 2021.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

APRIL 11, 2023

Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.”  Locally, the number of home buyers signing pending-sale contracts has risen for four consecutive months – indicating an increase in demand.

Housing Market 36

Housing Market Marketing Buyers Sellers 36

Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. Buyers and sellers tiptoed through caution. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. Um, bye-bye!

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

JUNE 8, 2022

They include shortages caused by restrictive zoning that limit the number and type of housing units built on a given parcel, a “not in my backyard” resistance to new construction in traditionally single-family-home neighborhoods, and layers of regulations, processes and fees that dissuade developers from building in certain areas.

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

JANUARY 11, 2023

The number of new listings for all home types – single-family, townhomes and condos combined – in King (887) fell 47% from November and declined 36% from December 2021. The construction crane was recently removed from the 8 th Avenue and Columbia Street location and interiors are being filled out with high-quality finishes.

Housing Market 36

Housing Market Contracts Architecture Buyers 36

Will Springer Realtor

JUNE 9, 2021

Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. Is this the beginning of a housing bubble, 2021-style? “I Couple that with the return of international buyers – absent from the U.S.

Housing Market 36

Housing Market Marketing Inventory New Listings 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

AUGUST 9, 2022

Also known as a mother-in-law or cottage, the dwellings can offer viable housing to younger buyers seeking to save for their first home or enable seniors to age within a familiar neighborhood. in Q1 of 2021 and is the highest rate of home flipping in the 21 st century. of all U.S. That’s up from 4.9% AUGUST HOUSING UPDATE.

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Inventory Buyers New Listings Construction 36

Will Springer Realtor

OCTOBER 11, 2022

At least buyers will have more options and time to weigh their decision to purchase a home – but at what cost to the bottom line? The next 12-24 months are likely going to be quite a challenge for prospective buyers. >> About six out of 10 Hispanic American buyers are searching for their first home, nearly double the U.S.

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Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

OCTOBER 8, 2021

I also heard the same question from buyers this year. While early to mid-spring was frenzied – featuring waves of cash-carrying buyers with their contingency-absent offers – the housing environment settled down to a somewhat civilized pace by September and likely for the next few months. And that answer appears to be “yes.”

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

AUGUST 9, 2021

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. Developers opted to pay fees to the city totaling $68M instead, funds that help construct affordable homes in other parts of the city.

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

JULY 9, 2021

In addition to “more space,” prospective buyers were on the hunt for a quiet location (28%) and updated kitchen (25%), as the chart notes. While most buyers focus on the standards of kitchens and bathrooms, research shows the best ROI is from replacing the garage door. A full 53% of 2021 vacation-home sales have involved all cash.

Buyers 36

Buyers Development Transportation Inventory 36

Listing Spark

DECEMBER 23, 2020

Median Sales Price: $270,000 (up 12%) Closed Sales: 9,660 (up 28.1%) Active Listings: 29,948 (down 27% from this time last year) 2.2 For the buyers who are looking to buy for the first time or trade up in to a bigger home, historically low rates are pulling them in to the market. Here is a list of some of the companies moving to Texas.

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Real Estate Marketing Inventory Modernization 36

Will Springer Realtor

JULY 13, 2023

Our urban area accounts for about half of the city’s economic activity, and the Seattle Chamber noted that rising office vacancies coupled with less construction could lead to $2B in decreased revenue. 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

APRIL 8, 2021

More buyers are making larger down payments. Buyers in the U.S. offers made on every sold home in February, NAR reported, and properties across the nation are currently finding a buyer in a record-low 20 days on average. >> million new homes as of the start of this year. BY THE NUMBERS. There were an average 4.1

Inventory 36

Inventory New Listings HOA Buyers 36

Will Springer Realtor

OCTOBER 11, 2023

Suburban residents can be almost assured of the peaceful enjoyment of their home without worrying about a neighbor constructing a rollercoaster or baseball stadium next door. >> A full 19,396 apartment units are under construction in Seattle metro, according to a Q2 report from Berkadia, a U.S. . = Zoning laws in the U.S.

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Law Development Design Government 36

Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers.

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Real Estate Inventory Buyers Construction 36

Will Springer Realtor

DECEMBER 12, 2023

Prospective buyers this year have mostly watched the housing market pass from the sidelines. That, in turn, will finally move the market forward with additional sellers and buyers. Prices, sadly for buyers, will likely continue their trend higher. POLLUTED PIPES We cap this month’s news with yet another “P” story.

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Real Estate Buyers Housing Market Law 36