Remove 2014 Remove Contracts Remove Design Remove Inspection
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Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. There had been nearly one-third of buyers who waived an inspection or appraisal contingency, but the last month it fell to just over 20% for both.

Realtors 395
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Fannie Mae: No Appraisals Required? 3-10-23

Appraisal Today

First, “third party” inspections. And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. Secondly, the 3rd party inspection is sent to a licensed appraiser. Mortgage Lending In Q4 Hit Lowest Point Since 2014 Refinance mortgage originations hit low point this century.

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NAR Appraisal Survey 2022

Appraisal Today

The multistory home bucks convention, boasting an eccentric, inverted design. Stewart Burns acquired the property in 2014 for $2,300,000. Other risks include getting injured during an inspection, plus the risks we all have of a serious medical problem. The average contract interest rate for 5/1 ARMs increased to 5.36

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Will Springer Realtor - Untitled Article

Will Springer Realtor

home sales in 2023, the highest level since 2014. Every key data point from the Northwest Multiple Listing Service (MLS) gained ground against the previous month – as often happens with the spring housing season taking stride – including the number of new and active listings, homes going under contract and final sales.

HOA 36
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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

The spread between a 30-year and ARMs – in which rates can be adjusted typically after 5 or 7 years – is the widest since 2014. >> Insights from 12,000 consumers and over 300 architectural designers show that 51% of residents will work from home in 2022, up from 33% before the pandemic. Talk to your lender to learn more.

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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

The cities of Seattle and Renton offer pre-approved ADU designs to help streamline the government-approval process which can often be onerous. Don’t get me started about Seattle’s design review exercise!) . 48% own homes, reflecting a steady rise since 2014. Kenmore allows ADUs of up to 1500 sq. Kirkland gets it too.