Remove 2014 Remove Construction Remove Inventory Remove New Listings
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Can lower mortgage rates stop the housing recession?

Housing Wire

People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% We saw this in 2013-2014 and 2018-2019. We see some of this in the active listing data as new listings are declining. Also, we have to know that we aren’t working from a high level of inventory data as well.

Mortgage 498
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Will Springer Realtor - Untitled Article

Will Springer Realtor

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades. shy of the need.

HOA 36
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Will Springer Realtor - Untitled Article

Will Springer Realtor

“Whether it was cutting red tape and construction costs or ensuring our cities allow more affordable options near transit and jobs, these bills, working together, mean more homes, at more affordable prices, in communities all across our state.” Falling new inventory is constraining transaction volumes while also supporting higher home prices.

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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

48% own homes, reflecting a steady rise since 2014. The market recalibration continues across King County with a sharp drop in new listings, Pending sales and closings while prices decline. Inventories are on the rise, so much so that one area is now considered a buyer’s market. Single-family inventory stands at 2.5

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

just as Google opens another office building in Kirkland and Microsoft expands its 120-structure Redmond campus with plans for 17 new office buildings. All this tech construction gives new meaning to IT architecture! “A BY THE NUMBERS. >> The average size of a newly constructed single-family home is now 2524 sq.

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JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

Since 2014, prices have risen across the board for all the projects ranked in the report, but this year has seen a spike in prices. Home prices are going to continue to go up until the inventory comes back bit,” said Rick Sharga, EVP at real estate information provider Realty Trac. Inventory across our area remains extremely low.

Buyers 36