Housing Wire

APRIL 15, 2022

Nicollette Chapman: One of my first jobs in the real estate industry was working as a business development representative for a title company. It was 2000, and the real estate market was fairly uneventful – rates were around 8% and house prices were affordably flat. And then, in the blink of an eye, 9/11 happened.

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Housing Wire

JUNE 24, 2022

family houses in May 2022 were at a seasonally adjusted annual rate of 696,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. Census: For Sale Inventory and Months’ Supply The seasonally?adjusted This is 10.7 percent (±18.9 percent (±22.0

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Housing Wire

NOVEMBER 23, 2022

From Census: New Home Sales Sales of new single-family houses in October 2022 were at a seasonally adjusted annual rate of 632,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. We are well below the 2000 recession level and back to 1996 levels.

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Housing Wire

OCTOBER 26, 2022

New home sales are now below the recession levels of 2000 and have fallen all the way to 1996 levels, when interest rates were near 8%. From Census : New Home Sales of new single-family houses in September 2022 were at a seasonally adjusted annual rate of 603,000, according to estimates released jointly today by the U.S. This is 10.9

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Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. family houses in July 2022 were at a seasonally adjusted annual rate of 511,000, according to estimates released jointly today by the U.S. This is 12.6 percent (±16.9

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Appraisal Today

JUNE 23, 2023

He designed the estate, completed in 2000, from the ground up. Fannie has been upfront about its interest in developing appraisal “alternatives.” In addition to harming homeowners, systemic biases in valuations, either too low or too high, hurt neighborhoods, distort the housing market, and impact the tax base.

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Will Springer Realtor

OCTOBER 10, 2023

We are starting to see all of those signs following the release of September housing data from the Northwest Multiple Listing Service (MLS). Unfortunately for buyers, a combination of the typical seasonal trend and higher borrowing costs has slowed housing market activity to an excruciatingly slow pace – and there are concerning signs ahead.

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Will Springer Realtor

JUNE 13, 2023

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. months’ total inventory in the county, down from 1.4 in Seattle.

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Will Springer Realtor

DECEMBER 14, 2021

A shortage of homes for sale sparked some of the fastest-moving deals in memory, particularly on the Eastside, where single-family homes “sat” on the market for a median 5.4 What will the 2022 Seattle/King County housing market offer? That was the average national figure in 2000.). days (November 2021). =. Hale notes.

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Will Springer Realtor

FEBRUARY 9, 2022

People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. The aim is to generate more multi-family housing, from duplexes to fourplexes. Among other bills in the works, as of this writing: House Bill 1908 relates to the conversion of surplus public property to affordable housing.

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Will Springer Realtor

AUGUST 9, 2021

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).

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Will Springer Realtor

NOVEMBER 10, 2023

These private, rule-setting associations – of which there are more than 350,000 in the nation – are growing in number but they should also be a waving caution flag to Fair Housing watchdogs. Horton, Lennar and Toll Brothers: National builders comprise 41% of the new home market; D.R. The overall total was only 19% in 2000.

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Will Springer Realtor

JULY 9, 2021

Others are in pursuit of a tight-knit community that has a market, pharmacy, restaurants, coffee shop – and an amusement ride like our Great Wheel (just kidding!) – within a short drive, transit ride or easy walk. Where would you like to see this type of neighborhood development? JULY HOUSING UPDATE. Send me a message.

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Will Springer Realtor

MARCH 11, 2024

By embracing a comprehensive understanding of the true cost of homeownership, individuals can navigate the turbulent waters of the housing market with confidence, ensuring a secure and sustainable future for themselves and their families. 1 with a combined 75,274 units newly completed or being developed. ELECTION YEAR EFFECT?

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Will Springer Realtor

FEBRUARY 9, 2024

To address the issue, Dr. Vivek Murthy developed six pillars that spotlight a need for social connectedness. SPOTTING TRENDS Builders are hearing from prospective buyers: Developers are being asked to create stylish and functional homes with little compromise on size and at lower prices. THE YEAR OF HOUSING 2.0 In fact, the U.S.

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