Simonson Real Estate

JULY 10, 2020

Leased Fee Interest – Defined as the ownership interest held by the landlord, which includes the right to receive the contract rent specified in the lease plus the reversionary right when the lease expires. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Appraisal Today

JULY 29, 2022

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on USPAP Update Mistakes on Bias, Real Estate Market analysis, the FED raises interest rates, unusual homes, mortgage origination stats, etc. With four bedrooms and 4.5

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Will Springer Realtor

APRIL 10, 2024

Climate-resilient housing, which is designed and constructed to withstand and adapt to the impacts of climate change, is increasingly recognized as a critical priority for our region. For more news on this topic, please visit my Living the Dream blog for an ongoing series to celebrate Earth Month. Seattle is also No. King ranked No.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

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. We certainly see that in all forms of residential real estate – from new construction to finding items for the home.

Construction 36

Construction Supply Chain Real Estate Development 36

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). Builders began construction on just under a million single-family homes in 2020. This is one of the most popular topics on my blog. in the last 12 months. year-on-year.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

MAY 13, 2024

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. Homes considered “affordable” tend to be at or below 80% of median family income levels and only 23,877 units have been constructed across the state since 2020 – about 3.3K

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

DECEMBER 13, 2022

14 – after the publication of this blog post – when it will likely announce another rate rise.). My blog post on how mortgage rates are set is a good side topic.). (In In his estimate: “Homebuilding’s going to contract.”. Figures are for resale homes only and not new construction.). There are now more people in the U.S.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Appraisal Today

MAY 27, 2022

6 Tips for Appraising New Construction Homes. Excerpts: New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. To read more tips, click here. percent from 5.49

Construction 52

Construction Appraisal Modernization Contracts 52

Portland Appraisal Blog

AUGUST 3, 2019

Data was pulled from the year 2000 to the July 2019. There has been relatively little new construction along the lake with ~3.8% Finally, the “CtL” label stands for “contract-to-list” ratio. As of this post date, there are more properties waiting for offers than are under contract.

Architecture 78

Architecture Contracts Marketing Advertising 78

Will Springer Realtor

SEPTEMBER 12, 2023

The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. New Construction The new home construction sector has taken much of the residential spotlight this year.

Finance 67

Finance Inventory Construction Buyers 67

Will Springer Realtor

DECEMBER 14, 2021

Welcome to the fourth annual Living the Dream blog predictions and projections in real estate and beyond. That’s far higher than YoY figures at the end of 2020 (up 1.7%) or 2019 (2.5%). New construction across King is projected to decline a surprising 11% in dollar terms in 2022. Consumer prices are going up and up – 6.5%

Real Estate 69

Real Estate Buyers Construction Sellers 69

Will Springer Realtor

MARCH 14, 2023

Still, home appreciation remains solidly higher between 2019 and today, at least out West. Since the end of 2019, prices have increased more than 40% in the U.S., Meantime, some of the bigger home builders – who are in the business of constructing and quickly selling product – are showing signs of financial stress.

Marketing 36

Marketing Buyers Inventory Sellers 36

Portland Appraisal Blog

AUGUST 11, 2019

Approximately 6% of sales in the neighborhood were new constructions. Finally, the “CtL” label stands for “contract-to-list” ratio. As of this post date, there are more properties waiting for offers than are under contract. The home was a new construction at the time of the sale and has 4,050 total square feet. #

Contracts 78

Contracts Advertising Construction Marketing 78

Will Springer Realtor

OCTOBER 11, 2023

Suburban residents can be almost assured of the peaceful enjoyment of their home without worrying about a neighbor constructing a rollercoaster or baseball stadium next door. >> A full 19,396 apartment units are under construction in Seattle metro, according to a Q2 report from Berkadia, a U.S. . = Zoning laws in the U.S.

Law 36

Law Development Design Government 36

Will Springer Realtor

JUNE 13, 2023

Supply of resale housing (as opposed to new construction) is shrinking across our region. Interestingly, a higher proportion of home sales are now coming from new construction. were in various stages of construction. That share from 2000–2019 was an average of 13%. There are 1.3 a month ago. Eastside inventories are at 1.2

Buyers 36

Buyers Inventory Construction Finance 36

Portland Appraisal Blog

DECEMBER 1, 2019

Approximately 3% of sales in the neighborhood were new constructions. Finally, the “CtL” label stands for “contract-to-list” ratio. As of this post date, there are more properties under contract than waiting for an offer. The home was a new construction at the time of the sale and has 4,050 total square feet. #

Contracts 78

Contracts Advertising Construction Marketing 78

Will Springer Realtor

JUNE 11, 2024

The number of homes going under contract fell from April to May by 13% in Seattle to 876 units and slipped 1.2% In addition, the rate of Seattle homes under contract within 30 days on the market fell from 62% in April to 57% last month; Eastside homes found buyers in four weeks or less 71% of the time in May, down from 74% in April.

Buyers 52

Buyers Inventory Finance Housing Market 52

Quicken Loans

JUNE 10, 2021

Meanwhile, the number of new construction homes sold according to the Census Bureau and the Department of Housing and Urban Development was down 5.9% Because April 2020 was in the teeth of the pandemic shutdowns, it’s more fair to look at April 2019. If you compare that to April 2019, the pace was only 673,000 sales.

Real Estate 38

Real Estate Marketing Construction Clients 38

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. The number of single-family homes going under contract (Pending sales) fell 8.7% The market has, ahem , evolved in the four years since.

Sellers 58

Sellers Buyers New Listings Inventory 58

Will Springer Realtor

JULY 11, 2023

The slippage in listings under contract – which is currently at the third-slowest annual pace this century (after 2008 and 2009) – is a barometer for future sales. The number of unsold (Active) listings in King is 49% fewer today than on July 1, 2019. However, that’s only up 7% year-on-year (YoY) and is half the level from June 2019.

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Portland Appraisal Blog

JULY 27, 2019

There has been relatively little new construction in the neighborhood with ~5.8% Finally, the “CtL” label stands for “contract-to-list” ratio. As of this post date, there are more properties waiting for offers than are under contract. The following table summarizes important metrics for the neighborhood.

Contracts 78

Contracts Advertising Marketing Appraisal 78

Will Springer Realtor

MARCH 14, 2022

off their 2022 high of 3.92% (the highest level since May 2019). Soaring costs of labor and construction materials is certainly contributing to the rising figure but there is evidence of a sharp increase in home improvements since the start of the pandemic. Rates fall as money flows into Treasurys.

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Will Springer Realtor

FEBRUARY 14, 2023

Pending Sales – Another leading indicator, these are the homes that go under contract and typically complete the transaction within two months. The number of Pending sales soared 51% since December for all home types in King County to 1820 listings under contract, including a 69% boost on the Eastside (480) and a 47% jump in Seattle (610).

Housing Market 36

Housing Market Marketing Inventory Buyers 36

Will Springer Realtor

JUNE 11, 2024

Office buildings across downtown Seattle are a worrisome example, where vacancy rates have jumped from about 10% in late 2019 to 28% after Q1 of this year. times more than in 2019. Developing interest from real estate movers and shakers for a high-risk facelift will be a great challenge amid rising financing and construction costs.

Construction 36

Construction Buyers Real Estate Sellers 36

Will Springer Realtor

MAY 12, 2021

The narrow area known as Westlake, just west of Lake Union (and, notably, close to Facebook, Google and Amazon offices), has seen the number of people aged 25-34 double from 2010 to 2019 and now comprise 52% of its residents. Now, home builders would need to construct as many as 1.2 3-D PRINTED WHAT?? We are on the right track.

Real Estate 36

Real Estate Inventory Buyers Construction 36

The Robert Weiler Company

NOVEMBER 10, 2021

If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. Regarding COVID-19, US office vacancy rates have increased from 9 percent in the fourth quarter of 2019 to 17.2 new construction pipeline of nearby buildings.

Real Estate 78

Real Estate Retail Investing Tenants 78

Will Springer Realtor

JUNE 8, 2022

The unprecedented housing price increases in our region – up 39% in King for all home types since May 2019 – will possibly stunt homeownership rates going forward. The change follows Oregon’s lifting in 2019 of zoning restrictions on housing to help address the housing shortage. With scarcity comes price appreciation.

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

NOVEMBER 10, 2023

The builder prepays the interest due to the mortgage company, which is typically a bank or credit union partnering with the construction company on the project. Anyone who contracts to purchase by the end of November will receive a bonus of between $10K and $30K toward the new home (depending on the number of bedrooms). in Redmond.

HOA 36

HOA Buyers Law Supply Chain 36

Will Springer Realtor

JUNE 9, 2023

This net gain for Millennials is interesting when you factor our nation’s population growth has slowed for three consecutive years (2019-2021) to 100-year lows. Another 14,716 units are under construction and more than 25,000 are in the planning stages, meaning they will likely start construction within about a year.

Buyers 36

Buyers Transportation Housing Market Law 36

Will Springer Realtor

JULY 9, 2021

increase in single-family permits over 2019. >> The one bright spot: King County saw more homes listed in June (4801) than in any month since May 2019, and the number of active listings by month’s end improved to a level not seen since last November – but supply is still below seasonal norms. >> A whopping 3.8

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Buyers Development Transportation Inventory 36