Remove 2000 Remove Construction Remove Real Estate Remove Sellers
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Why the US MLS system is the envy of other countries

Housing Wire

As an Irish immigrant to the United States in 1996 who became a real estate broker in 2000, I can tell you this: The U.S. That kind of drawn-out timetable is typical for the majority of western nations that use the auctioneer system where a seller works with one, perhaps two, auctioneers. fee to the seller.

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The new home sales recession continues

Housing Wire

So for now, the builders will take their time with the homes under construction and make sure they offer enough incentives to unload the new home supply they’re dealing with. This is below the recession levels of 2000 and back to 1996 levels. This time, we have less production of homes and more multifamily construction.

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New home sales are up 28% — but don’t believe the hype

Housing Wire

In fact, new home sales are below the recession level of 2000 and back to 1996 levels already. They are good at selling their inventory much quicker than existing home sellers, who might still be stingy on prices. The builders will pull back on construction when the supply is 6.5 months are under construction, 1.86

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REAL ESTATE SETTLEMENT WILL UNSETTLE BUYERS

Will Springer Realtor

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. While the NAR denies any wrongdoing, the proposed settlement promises significant changes in how business is conducted in the real estate market.

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Builders rediscover a tool from the 1980s that keeps new home prices from falling

Housing Wire

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory. Source: AEI Housing Center, www.AEI.org/housing.

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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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Expectations for 2022 in Seattle/King County Real Estate

Will Springer Realtor

Forecasting the direction of the economy and residential real estate is never easy, particularly in a pandemic and following a mini-recession. Welcome to the fourth annual Living the Dream blog predictions and projections in real estate and beyond. That was the average national figure in 2000.). By the Numbers.