Remove 2000 Remove Construction Remove Housing Market Remove New Listings
article thumbnail

U.S. Housing Market Collapse? Nowhere in Sight

Empire Appraisal Group

Housing Market Collapse? Housing Market Collapse? The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. NEW YORK – The rock-hard foundation of the U.S. Housing Market Collapse?

article thumbnail

Higher rates flip the homebuilders’ fortunes (again)

Housing Wire

As we can see in the chart below, we are still below the recession levels of 2000 and really trending at 1996 levels. months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6 To get more inventory you need more Americans to list their homes. When supply is 4.3

Inventory 464
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CITIES FACE DAUNTING OFFICE-VACANCY CHALLENGE

Will Springer Realtor

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.

article thumbnail

Affordability Woes Keep King County Housing Activity on Slow Burn

Will Springer Realtor

It’s the bacon and eggs of the housing market – two staples that are often linked to one another. The pandemic housing market was super-charged by historically low interest rates and buyers seeking more spacious properties amid global health fears. In March, 33% of homes listed for sale in the U.S. in Seattle.

Buyers 36
article thumbnail

SEATTLE ‘WALKING’ TOWARDS URBAN CONNECTEDNESS

Will Springer Realtor

A concrete and steel cover connecting First Hill to downtown, for example, would reduce traffic noise, potentially add more parkland and encourage construction of new housing. BY THE NUMBERS >> A survey of 2000 adults across the 50 largest U.S. topped the list. fewer new listings, the number of sales rose 1.7%

Sellers 36
article thumbnail

IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

There is a strong need for a once-in-a-generation response to address decades of underinvestment in housing. million housing units since 2001. annually between 1968 and 2000 but has since dropped to an average rate of 0.7% About 57% of all new housing was classified multifamily (four or more units in one location).

article thumbnail

JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

The National Association of Realtors® recently announced a new partnership with the LGBTQ+ Real Estate Alliance, a nonprofit that promotes homeownership and advocates for greater equality in housing. were flipped in Q1, the lowest level since 2000, according to ATTOM. JULY HOUSING UPDATE. below the $7.2M asking price.

Buyers 36