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. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises. Buyers and sellers tiptoed through caution.

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Will Springer Realtor

APRIL 10, 2024

One of the most notable changes expected, particularly in our region, is the likelihood that the Northwest Multiple Listing Service (MLS) will discontinue publishing compensation details within listing information. This could add additional costs, potentially ranging from 1% to 2% of the agreed price, to their bottom line.

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Will Springer Realtor

JULY 8, 2022

Economists say the combination of high home prices and inflationary costs has placed about a 51% added cost burden than only a year ago. How much will it affect housing prices? The tech-heavy Nasdaq has been hit especially hard, having lost 31% of its value since reaching an all-time high last November. . Not really sure.”.

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Will Springer Realtor

MAY 9, 2022

Between 2011 and 2019, the median household income in our area increased by about 34% but housing prices jumped 78%. The median sales price of a single-family home today on the Eastside is $1.72M, up 33% from a year ago while condo prices have risen 30% to $674K. And have you ever driven on I-405 during rush hour?!)

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Will Springer Realtor

AUGUST 9, 2021

Shortages are chronic, housing prices skyrocketing. Among those states, the share of households able to afford the median-priced home declined by an average of 7.2 In all these states, the share of households able to afford the median home price declined by more than 15 percentage points. percentage points.

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Will Springer Realtor

AUGUST 11, 2023

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. also the oldest age of a first-timer ever recorded by the National Association of Realtors® (NAR). Housing shortages have helped keep home prices and rents high across the country.

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Appraisal Today

JUNE 23, 2023

The property was built to resort standards,” says listing agent Jessica Grier. Why you need this book Have you ever had to appraise a home with “no comps”? Have you ever turned down assignments such as a retrospective value (going back in time) or a life estate? The best I have ever read.

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Will Springer Realtor

APRIL 11, 2022

Workers will take the ever-expanding Link light rail and increasing number of express bus routes to get around. The conditions of such an agreement may not ever be triggered, reducing car dependency and vehicle miles traveled as well as improving our carbon footprint. and rising home prices (still!). soaring interest rates (bad!)

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Will Springer Realtor

AUGUST 9, 2022

Solving this issue should be the highest need or we all suffer. Let’s not jump to conclusions or make assumptions, but it’s interesting to note that when bad economic times hit our shores mortgage rates tend to be a silver lining. in Q1 of 2021 and is the highest rate of home flipping in the 21 st century. That’s up from 4.9%

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Will Springer Realtor

OCTOBER 8, 2021

Just as seasons change and buds become blooms again, the housing market and its price appreciation will almost certainly continue to blossom (to wear out that flowery metaphor) by the time we get to March. To be sure, the market is still leaning heavily in the sellers’ favor and listings are slimmer than a strand of spaghetti.

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Will Springer Realtor

DECEMBER 14, 2021

What did we see in 2021 Seattle/King County homeowners that were on the ball likely timed their sales at one of the highest temperatures of market hotness in recent years. They took advantage of multiple bids, price surges, waived contingencies and all-cash offers. Home prices will climb at a slower rate than in recent years. =.

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Will Springer Realtor

MARCH 14, 2022

off their 2022 high of 3.92% (the highest level since May 2019). Their values have mostly taken a hit in recent weeks, prompting buyers and lenders to re-evaluate their positions. The greatest impact should be on energy prices, with Russia being one of the top exporters of oil and gas. Rates fall as money flows into Treasurys.

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Will Springer Realtor

JANUARY 7, 2022

The industry is prepared for another high-demand, low-inventory year, even if conditions do not quite hit the fever pitch of 2021. Amid a shortage of homes for sale, prices will continue to rise – likely by about 5% for all home types combined in King County and about 9% for single-family homes. Plus, John L.

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Will Springer Realtor

JULY 12, 2022

That has prompted the Federal Reserve to take aggressive steps to try and control rising prices on everything from groceries and gas to airfare and housing. on an annualized basis – the highest mark since 1981. home prices would rise by anywhere from 2.9% Through June, prices are up 9.1% Through June, prices are up 9.1%

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Will Springer Realtor

DECEMBER 8, 2021

The median price of a brand-new home is $407,700, according to October figures from the U.S. The median annual salary for residential construction jobs is $65,000, with more experienced workers earning upwards of $105,000, according to information from Seattle Central College. BY THE NUMBERS >> U.S. A full 40% of U.S.

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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. Of the top 12 projects that garner the highest return, 11 of them are exterior projects. Since 2014, prices have risen across the board for all the projects ranked in the report, but this year has seen a spike in prices.

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Appraisal Today

SEPTEMBER 22, 2023

The largest appraisal downturn I ever experienced was when interest rates were over 20% from 1981 to 1985. Just get on the list. The Appraisal Subcommittee’s Appraiser Registry currently lists 2,781 active appraisal licenses in Ohio. Nope, you won’t find Boston, Denver, or Seattle on this list. I finally figured out why.

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Housing Wire

MARCH 23, 2022

“Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. Inventory is at a record low and homes are selling within a week of being listed – more than two weeks faster than they did in February 2020.”. “One year ago, 31% of new home sales were priced below $300,000.

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Will Springer Realtor

MAY 9, 2023

The council is seeking feedback from residents before the mandatory deadline to finalize its comprehensive plan hits on June 30, 2024, with changes enacted at the end of next year. The personal finance site reviewed 43 key indicators – from health care/longevity, diet, fitness and green space – to formulate its list. 2 in the U.S.

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Houston Properties

JANUARY 13, 2021

The average household finances are in the best shape they’ve ever been in. Main Concern: the impact of the oil price crash on Houston jobs (about 1/3 of Houston’s jobs are tied to the energy industry). In this analysis, we also show you current data along with key lessons from both the 2015 oil price crash and the 2008 great recession.

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Houston Properties

JANUARY 12, 2022

While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). Sale Price: $465,000. Sale Price: $255,000. Sale Price: $760,000. Caution: Small Lot (Especially For Price/Area).

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Appraisal Today

OCTOBER 6, 2023

I wonder how well the GSE AI works on rural appraisals, “one of a kind” properties, no permits, Highest and Best Use issues, and many more. Mark is the best residential writer I have ever read. Or hit the reply button. The final sale price was around $6 million dollars! Very little competition and good fees.

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McKissock

MARCH 19, 2021

A record-breaking 36% of homes sold above list price in February, due to historic homebuyer competition. economic expansion is expected to accelerate this spring, with real GDP growth hitting 8.4% 36% of homes sold above list price in February, the highest share on record. in Q2 and 6.6%

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McKissock

MAY 30, 2023

Catered to real estate appraisers, agents, and other professionals, this monthly blog series helps you navigate the ever-evolving economic environment so you can make well-informed decisions to support your business and career success. This, coupled with decreasing goods and services prices, should pull overall CPI towards 3-3.5%

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