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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

also the oldest age of a first-timer ever recorded by the National Association of Realtors® (NAR). Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). Bosa developed the twin, 41-story, 698-unit community in 2015-2016.

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Signs of Inflation Expand Well Beyond Housing Prices

Will Springer Realtor

home was $313,000 through February, a sharp 16% higher from a year ago, according to the National Association of Realtors® (NAR). The image was taken from a drone above The Parc, a condo in Belltown, where I am promoting one of my new listings. The median down payment represents 7.7% from the previous quarter. bath, 2610 sq.

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RISING INFLATION, RATES TRIP UP HOUSING MARKET

Will Springer Realtor

The median income for Millennials who are actively buying or intend to buy a home soon is about $82K, according to the National Association of Realtors® (NAR). That’s according to Census Bureau data averaged out over the five years between 2016 and 2020 and reported by The Seattle Times. List: $5.65M ($730/sq. in our region.

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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

There are no signs of a real estate crisis, particularly in the Puget Sound region, where prices keep rising – up about 20% the past year and 68% in Seattle alone since 2016, by one measure – amid a dearth of inventory and surge of buyers. Active listings as of Sept. Every room is perfectly designed. SEPTEMBER HOUSING UPDATE.

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FINDING THE KEY TO UNLOCK ‘STUCK’ HOMEOWNERSHIP RATE

Will Springer Realtor

UNMARRIED AND BUYING TOGETHER For the third consecutive year, a report from the National Association of Realtors® (NAR) noted an increase in unmarried couples purchasing a home. >> Homeowners are open to space-saving tradeoffs in new construction, with 85% willing to consider island seating over a separate dining space in the kitchen.

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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

“There is a strong desire for homeownership across this country, but the lack of supply is preventing too many Americans from achieving that dream,” said Lawrence Yun, chief economist for the National Association of Realtors® (NAR). A surprising 3% used the time to build a new house. BY THE NUMBERS. >> million home sales.