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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

You would be hard-pressed to find economists proclaiming that today’s housing environment in the PNW is nearing anything close to the 2008-type bust. the highest percentage since Q3 of 2008. ” The increased number of listings and slight slow-down of the market have helped boost inventory numbers.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. The figure was 37% lower than a year ago and, for context, the five-year average of new listings for the month just before the pandemic began was 4021.

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FINDING THE KEY TO UNLOCK ‘STUCK’ HOMEOWNERSHIP RATE

Will Springer Realtor

The rate today is the same as in the late 1960s, except during the housing bubble of 2008-2010 when ownership rose – and we know how that ended up! >> Seattle homeowners pay a median $4580 in property taxes, based on data collected by LendingTree.com. New York City is No. 1 ($8602), followed by San Jose, Calif.

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