Remove 2000 Remove Development Remove Housing Market Remove New Listings
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Higher rates flip the homebuilders’ fortunes (again)

Housing Wire

New home sales From Census : Sales of new single-family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. percent (±20.4 percent (±13.1

Inventory 456
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King County Home Sales Cool as Interest Rates Inch Toward 8%

Will Springer Realtor

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. First a look at September’s numbers: A wave of last-chance listings for the year hit the market after Labor Day.

Buyers 64
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SEATTLE ‘WALKING’ TOWARDS URBAN CONNECTEDNESS

Will Springer Realtor

These findings provide a strong economic base and cement walkable urban places and development as the wave of the future, as we move toward a more connected, environmentally sustainable way of life.” In addition, discussions are well underway between city leadership, neighborhood advocates and developers to consider placing a “lid” over I-5.

Sellers 36
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CITIES FACE DAUNTING OFFICE-VACANCY CHALLENGE

Will Springer Realtor

We’ll have new incentives, and quite frankly, this will inform our budget,” he said. We are charting new territory and success will be measured by creativity and collaboration. Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

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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
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HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

The aim is to generate more multi-family housing, from duplexes to fourplexes. The House version, HB 1782 , is backed by developer and Realtor® lobbyists, Habitat for Humanity and environmental groups, according to The Seattle Times. For our housing market, it’s time to have that talk. CONDO NEWS.

Buyers 36
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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).