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Record apartment supply is good for mortgage ratesĀ 

Housing Wire

Without rents taking off, the CPI data would look much more tame, like what we saw from the years 2000-2019. However, because of the COVID-19 delays, we are still working through a backlog of homes under construction. As you can see in the chart below, we have a historic number of 5-unit construction in the works. Since 44.4%

Mortgage 486
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Solving the Housing Shortage

DataMaster

The building rate of the previous decade struggled to keep up with the pace of the 2000s when homes were being built at nearly twice the rate ! The number of constructed homes dropped below the million mark in 2008 for the first time since 1992. Clearly, construction is not keeping up. either quit or lost their jobs.

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article thumbnail

Solving the Housing Shortage

DataMaster

The building rate of the previous decade struggled to keep up with the pace of the 2000s when homes were being built at nearly twice the rate ! The number of constructed homes dropped below the million mark in 2008 for the first time since 1992. Clearly, construction is not keeping up. either quit or lost their jobs.

article thumbnail

Solving the Housing Shortage

DataMaster

The building rate of the previous decade struggled to keep up with the pace of the 2000s when homes were being built at nearly twice the rate ! The number of constructed homes dropped below the million mark in 2008 for the first time since 1992. Clearly, construction is not keeping up. either quit or lost their jobs.

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Washington Legislators Drive Home More Real Estate Measures in 2024

Will Springer Realtor

Despite a short session this year, lawmakers in Olympia were successful in passing 14 known pieces of legislation that serve to help home buyers and sellers as well as landlords and tenants. One of the top bills that failed would have permitted larger residential lots to be split to as small as 2000 sq.

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CITIES FACE DAUNTING OFFICE-VACANCY CHALLENGE

Will Springer Realtor

Our urban area accounts for about half of the cityā€™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 ā€“ from new construction to finding items for the home.

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UNDERSTANDING THE TRUE COST OF HOMEOWNERSHIP

Will Springer Realtor

OLYMPIA HOUSING UPDATE Despite a short session this year, lawmakers in Olympia were successful in passing 11 known pieces of legislation that serve to help home buyers and sellers as well as landlords and tenants. List: $13.9M ($2000/sq. Possibly the most notable bill to reach Gov. Timeless living ā€“ a home of a lifetime. about $67K.