Remove 2007 Remove Construction Remove Inspection Remove Sellers
article thumbnail

Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Avoid 9 Costly Mistakes Sellers Make. Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. Typically, new construction homes come with a higher purchase premium, and repair and maintenance require too much investment. Need To Sell?

article thumbnail

SELLERS’ MARKET? HOW ABOUT BUILDERS’ MARKET?

Will Springer Realtor

housing starts, when builders break ground and lay a foundation, are forecast to finish this year at 1.04M single-family homes, the first time since 2007 the figure will exceed a million. Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8%

Sellers 36
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Buyer’s vs. Seller’s Market: How to Tell the Difference

Assurance Financial

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Buyer’s vs. seller’s markets are a matter of supply and demand.

article thumbnail

HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

Builders began construction on just under a million single-family homes in 2020. That’s the most since 2007. Here’s a negotiating tactic that you may not have thought of: Sellers who “spy” on buyers when they are visiting the home. Update: The home is now Pending Inspection…sorry!]. SMILE FOR THE CAMERA. ——-.

article thumbnail

Houston Real Estate Market Forecast: Current Data & 2022 Predictions

Houston Properties

Why We're Fearful: Buyer & Seller Mistakes. Why We’re Fearful: Buyer & Seller Mistakes. "A Furthermore, the listing agent also often doesn’t make it easy for Houston homebuyers to get the survey, details and any prior inspection reports so you know really know what you’re buying. Quality of construction.

article thumbnail

CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

All this tech construction gives new meaning to IT architecture! “A Another 1350 are under construction with delivery in the next two years, including the high-end Avenue Bellevue. This looks a lot like the housing boom that we saw prior to the 2007–09 financial crisis.” million sq. The potent combo of rising U.S.

article thumbnail

IS THE HOUSING MARKET HEADED FOR A CRASH?

Will Springer Realtor

There are at least five factors that make this housing environment far different – and more stable – than roughly a decade ago: Low inventory and lack of supply – There were some 4 million homes on the market nationally in July 2007 compared with about 1.1 million people work in residential construction, or about 2.8% of the U.S.