Remove 2017 Remove Construction Remove New Listings Remove Sellers
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Patience is Key in This Housing Market

Berkshire Hathaway

The trend this year seems to be among buyers “why is it so hard to find a house” Well one of the answers is we are in the ultimate sellers’ market, which means the market it very competitive for buyers right now. Low inventory in the housing market isn’t new, but it is becoming a lot harder to navigate.

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IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

To be sure, the market is still leaning heavily in the sellers’ favor and listings are slimmer than a strand of spaghetti. Construction could start as soon as 2022 on an ambitious three-tower project known as Cloudvue. on an average of 16 sales a month, according to the Northwest Multiple Listing Service. 1 vs. Sept.

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IS THE HOUSING MARKET HEADED FOR A CRASH?

Will Springer Realtor

Even if a household faced the prospect of foreclosure, buyers would be happy to take the home off an owner’s hands – likely at a profit for sellers – while providing needed inventory. million people work in residential construction, or about 2.8% The average King County single-family listing sold in May 9.5% >> About 4.4

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Now, home builders would need to construct as many as 1.2 This was the fastest pace for combined single-family and multi-family construction since June 2006. million more home listings across the U.S. >> NAHB reported an estimated 15% of all new-construction home sales in the U.S. We are on the right track.

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PREDICTIONS, PARKING, POLLUTED PIPES

Will Springer Realtor

That, in turn, will finally move the market forward with additional sellers and buyers. >> A survey of the largest 50 cities determined Redmond is the 10 th -most active for new apartment construction. Only 1513 listings hit the market in the month for all home types, a devastating 30% decline in one month.