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The standoff between homebuyers and sellers

Housing Wire

We’ve seen a massive price and payment inflation event with pricing still rising and the biggest mortgage rate increase in a single year in recent modern-day history. The last time total inventory grew was in 2014 because we had weak demand. Now fast forward to 2022. for 2022 is going to be wrong and too low.

Sellers 498
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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. new Hispanic homeowner households have joined the market since 2014, bringing the current number of Hispanic-owned homes in the U.S.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

home sales in 2023, the highest level since 2014. The reason, beyond the seasonal spring burst of new listings, may be tied to a recent legal settlement between Insignia’s Homeowners Association and Bosa Development Washington on a litany of building defect claims. >> All-cash purchases accounted for 38% of U.S.

HOA 36
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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

Sidenote: Adjustable-rate mortgages (ARMs), which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for new buyers financing a home. 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. It’s modernism in Medina!

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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. The number of new homes for sale fell 19% (4009) across the county from June to July and 9.5% The other Washington, as in D.C.,

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JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

A new door improves curb appeal, adds modern technology to the house and, based on my observations, doesn’t make as much noise as older models! 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. On to new listings, and we start far away.

Buyers 36