Empire Appraisal Group

SEPTEMBER 8, 2022

home prices are about to tumble as demand for new houses ‘craters,’ an economist warns.” Scary times: builders are slashing home prices and slowing construction as buyers pull back, survey shows” (MarketWatch). As expected, mortgage applications have dropped off a cliff – to the lowest level since 2000. BusinessInsider).

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Housing Wire

FEBRUARY 24, 2023

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 452

Inventory Construction Housing Market Mortgage 452

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

JUNE 13, 2023

It’s true, there is a welcome increase in new listings from month to month – up 18% across all home types in King from April and 19% higher for the single-family-home category – but isn’t that what you would expect in the typically busiest periods of the housing season? In March, 33% of homes listed for sale in the U.S.

Buyers 36

Buyers Inventory Construction Finance 36

Will Springer Realtor

SEPTEMBER 12, 2023

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. The few homes that are available are selling quickly and at or above list price.”

Sellers 36

Sellers Development Retail Real Estate 36

Will Springer Realtor

AUGUST 9, 2021

annually between 1968 and 2000 but has since dropped to an average rate of 0.7% 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. The nation has faced a shortfall of 5.5

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

JULY 9, 2021

were flipped in Q1, the lowest level since 2000, according to ATTOM. Construction is underway on the 48-story, 459-unit, ultra-luxe residence with about 70% of inventory presold (minimum 5% down at signing). Constructed for condo living more than a decade ago, the building originally opened as an apartment. below the $7.2M

Buyers 36

Buyers Development Transportation Inventory 36