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SFR, fix-and-flip sectors are in a ‘bit of a malaise’

Housing Wire

Barber added that, unfortunately, the current profit-margin mark “could easily be wiped out by flipping carrying costs — mainly mortgage payments, renovation costs and property taxes.” The National Association of Home Builders estimates that 69,000 BFR homes started construction last year, up 33% year over year.

Investors 414
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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

All this tech construction gives new meaning to IT architecture! “A A growing diversified base of technology companies continue to proclaim the Eastside market as one of the best living and job opportunities in the country,” noted local commercial property firm Broderick Group in a report issued last month. “A million sq.

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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

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. Developers opted to pay fees to the city totaling $68M instead, funds that help construct affordable homes in other parts of the city.