Will Springer Realtor

JUNE 8, 2021

and strong climbs such as the pandemic-induced shock of rising single-family home prices amid a dearth of new listings. The enigma is the Seattle condo market – where prices remain steady or are even declining in some pockets as new listings outnumber sales. Today we are witnessing an enigma wrapped in a metaphor.

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Will Springer Realtor

APRIL 9, 2024

That was highlighted by a 30% month-to-month gain in total home sales (single-family, townhome and condos combined) across the county in March and unseasonably low supply for buyers. The 2166 single-family new listings in King are the lowest of any March since records were archived online in 1991. above the list price.

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Will Springer Realtor

JUNE 11, 2024

King County home buyers are witnessing the greatest supply of single-family, condo and townhomes since before the pandemic and a rising number of listings have dropped prices after sitting on the market. This is leaving many prospective buyers burdened by the cost of owning a home. across the county (2743). Not exactly.

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Lamacchia Realty

JANUARY 24, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. 2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. Broward County. Miami-Dade & Palm Beach Counties. What's Ahead?

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New Listings Inventory Buyers Realty 45

Will Springer Realtor

MAY 13, 2024

Sellers accused NAR and other defendants of unlawfully inflating compensation paid to agents to bring financially qualified buyers to homes.Potential members of the class action can send objections or comments about the settlement to the court. With the settlement, a wave of new listings hit the market in the past several weeks.

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Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% While there were 5.8% against the previous month.

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Lamacchia Realty

OCTOBER 27, 2021

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. 2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. Local buyers are going to have to be prepared to compete for homes.

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New Listings Realty Inventory Buyers 48

Lamacchia Realty

NOVEMBER 26, 2021

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. 2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. Buyer Resources. What's Ahead? Additional Resources. April 8, 2021.

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Will Springer Realtor

SEPTEMBER 12, 2023

Here’s a blog post on the topic from last summer.) It has been discussed in this newsletter the sharp decline in Seattle office occupancy; most recent stats show weekday worker foot traffic in downtown at 55% of July 2019 traffic, a figure that will likely increase – but by how much more? fewer new listings, the number of sales rose 1.7%

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Will Springer Realtor

MARCH 14, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. Notably, there are 185% more listings available today across the Eastside of the county compared with February 2022. Portland, Ore.,

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Listing Spark

MARCH 9, 2023

But as potential buyers and sellers begin mapping out their plans for the future, understanding how the state’s real estate market is shifting is essential. This change in rates caused homes to immediately become significantly more expensive for buyers. That trend continued throughout 2022 and into January of 2023. up from 1.3

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Will Springer Realtor

OCTOBER 11, 2023

King County acknowledged receiving a little under $1B in federal aid for homelessness and housing since 2019, yet the local homeless rate rose 14% this past year. This is the season when buyers can take advantage of homeowners wishing to sell before the holidays and who show a willingness to budge on price or make other concessions.

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Will Springer Realtor

JUNE 13, 2023

Unfortunately for buyers, both figures – prices and rates – are climbing, raising the hurdle to homeownership even higher for many. The pandemic housing market was super-charged by historically low interest rates and buyers seeking more spacious properties amid global health fears. In March, 33% of homes listed for sale in the U.S.

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Lamacchia Realty

JULY 28, 2022

This is likely because single family sales last year were through the roof due to the mad rush for buyers to secure their own space after the pandemic. Despite mortgage rate increases, the prevalence of cash buyers as well as lingering competition have helped keep prices rising. Condo/townhome sales decreased by 6.2%

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Will Springer Realtor

JULY 13, 2023

urban centers remain mostly higher than in 2019. The national office vacancy rate stands at 16% through March , up from 11% at the end of 2019 – just before life changed for you, me and the world. Check out my blog post on the topic. Home prices continued to confound buyers by climbing toward record highs as summer began.

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Will Springer Realtor

JULY 11, 2023

The Seattle/King County housing market inched forward – and a little sideways – as the number of new and unsold listings continued to expand in June while fresh signs of a slowdown approached. Home prices continued to confound buyers by climbing toward record highs as summer began. New single-family-home listings rose 3.8%

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Will Springer Realtor

AUGUST 17, 2021

Employees completed the shift from their Bellevue office high-rise in 2019 only to have the Interbay grand opening squelched within a few weeks by the pandemic. That will scare away many buyers and likely prompt them to look onto the next hill. That includes big corporate players in Seattle such as Expedia Group.

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Will Springer Realtor

SEPTEMBER 8, 2021

It’s particularly true among homes priced at or below $500,000 in King County, where only 737 of those properties sold in August (36% fewer than in August 2019). The good news comes from major national builders who have shared their forecasts for growth in the coming years. This is one of the most popular topics on my blog.

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Will Springer Realtor

JULY 8, 2022

Even stock investments, the source of many down payments for buyers, have taken a heavy blow. Any prospective home buyer working outside the tech sector may be watching from the sidelines until the economy becomes less volatile. FOR FIRST-TIME BUYERS, NOW WHAT? The portion of first-time buyers among the pool of U.S.

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Will Springer Realtor

FEBRUARY 14, 2023

From a macro perspective, the 2023 outlook for home buyers is the best it’s been for three years. Danielle Hale, chief economist for realtor.com, said: “There will be more homes for sale, homes will likely take longer to sell and buyers will not face the extreme competition that was commonplace over the past few years.”

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Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers.

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Will Springer Realtor

AUGUST 9, 2021

I have covered this topic both within the newsletter and on my blog and hear from people in real estate about their frustration over the lack of significant action. Housing affordability decreased in 45 of the 50 states from 2012 to 2019. A surprising 3% used the time to build a new house. percentage points.

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Will Springer Realtor

JUNE 8, 2022

The pandemic has made attaining ownership more difficult, particularly in housing-starved Seattle (pictured) and across King County where the number of homes on the market (Active listings) has trended lower for most of the past decade-plus. Snohomish County’s Active listings more than doubled – to 1182 – from 500 from a year ago.

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Will Springer Realtor

JULY 9, 2021

In addition to “more space,” prospective buyers were on the hunt for a quiet location (28%) and updated kitchen (25%), as the chart notes. While most buyers focus on the standards of kitchens and bathrooms, research shows the best ROI is from replacing the garage door. increase in single-family permits over 2019. >>

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Will Springer Realtor

FEBRUARY 9, 2024

The figure is a 20% jump from 2019 and represents 43% of all city households, the sixth-highest total in the nation. SPOTTING TRENDS Builders are hearing from prospective buyers: Developers are being asked to create stylish and functional homes with little compromise on size and at lower prices. Census Bureau. of resold properties. >>

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