Remove Development Remove Modernization Remove Property Taxes Remove Supply Chain
article thumbnail

Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

Department of Housing and Urban Development ( HUD ) , that 200,000 represented close to 20% of all single-family homes supplied to the market in 2019. More Affordable than New Homes Not surprisingly, housing supplied by new homebuilders is higher priced than housing supplied by distressed property renovators.

Inventory 380
article thumbnail

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 – modern and spacious, when possible – as households live in their homes for longer. In many cases, the long lag time to complete projects is no longer from dreaded supply-chain issues. Property taxes are steep at $60K a year.

article thumbnail

UNDERSTANDING THE TRUE COST OF HOMEOWNERSHIP

Will Springer Realtor

. >> Seattle metro has benefitted from 6138 new apartment units in 2023, according to data compiled by John Burns Research and Consulting, which forecasts another 25,687 units in development. 1 with a combined 75,274 units newly completed or being developed. Annual property taxes are, gulp! I’m ready to help!