Housing Wire

MAY 24, 2022

months and above, the builders will pull back on construction. My biggest thing is getting total inventory back to 2018-2019 levels, which can range from 1.52-1.93 However, this isn’t going to help much because the existing home sales market has a different inventory channel. When supply is 4.4 When supply is 6.5

Housing Market 417

Housing Market Inventory Construction Marketing 417

Raleigh Realty

FEBRUARY 19, 2022

Not only does this help new agents learn all the inventory in their local markets but it also gets them familiar with driving through all the subdivisions and neighborhoods. Be careful with marketing programs that need 6 months or even one-year contracts. Do read the fine print about canceling the contract. Learn the contracts.

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Houston Properties

JANUARY 13, 2021

From March to November of 2020, Americans made $1 trillion more than they did from March to November of 2019. We also believe these trends will create limited appreciation for inner loop neighborhoods known for small lots, choppy floor plans, with lots of construction from the 1990’s – 2010, especially zoned to not-top-ranked schools.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Miller Samuel

MARCH 19, 2019

An earlier version of this post appeared in my weekly Housing Notes, March 15, 2019 edition. A large swath of high-end condo market activity of the past five years are non-primary residences which include pieds-a-terres but most are investor purchases that are subsequently rented after the unit closes when construction was completed.

Real Estate 370

Real Estate Law Development Investors 370

Appraisal Today

MAY 26, 2023

From 2008 to 2019, Roberts fraudulently inflated the value of at least 18 different easements by violating industry norms and making false statements. Some appraisers feel that lenders should not provide them with the purchase and sale contract. Then that contract does not serve to color, cloud, or otherwise bias a value opinion.

Easement 52

Easement Contracts Appraisal Inspection 52

Listing Spark

SEPTEMBER 25, 2023

Increasing Days on Market and Months Supply of Inventory Days on market and the months’ supply of inventory have witnessed a steady climb, indicating that homes on the market are taking longer to sell. The Rise of New Construction Homes New construction is stepping up to fill the void in the market.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

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. A drying up of listings sent inventory figures lower. in the last 12 months.

Construction 36

Construction Inventory Buyers Real Estate 36

Appraisal Today

JULY 29, 2022

The three-year renovation was completed in 2019, including a new roof, windows, landscaping, and updated plumbing, HVAC, and electrical. We’ve seen a massive change in housing inventory. This is actually about fewer buyers getting into contract. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.95

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Houston Properties

JANUARY 12, 2022

Re-sale: 2019. Hurricane Harvey (2017), Tropical Storm Imelda (2019), and the other recent cases of flooding made buyers hyper-aware of the risks of buying properties in areas with flooding history. Case Study #2: Buying “Pretty” New Construction, Overlooking Limited Land & Freeway Proximity. Re-sale: 2019.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

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. years, according to a University of Wisconsin report issued in March and based on data from 2019-2021. Seattle is also No. King ranked No.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

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. Inventory was little changed from July to August. months’ inventory, down from 1.5 Condo inventory stayed at 1.8

Finance 67

Finance Inventory Construction Buyers 67

Will Springer Realtor

MARCH 14, 2023

“The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.” Still, home appreciation remains solidly higher between 2019 and today, at least out West. Condo inventory stands at 1.7 Eastside inventory is 1.4 Portland, Ore.,

Marketing 36

Marketing Buyers Inventory Sellers 36

Will Springer Realtor

JUNE 13, 2023

Despite high interest rates, some hungry buyers are competing over limited inventory. Supply of resale housing (as opposed to new construction) is shrinking across our region. months’ total inventory in the county, down from 1.4 Eastside inventories are at 1.2 were in various stages of construction. There are 1.3

Buyers 36

Buyers Inventory Construction Finance 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

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. Mortgage rates are high, home prices are high, there’s no inventory.” The result: generally rising prices amid limited inventory.

Sellers 59

Sellers Buyers New Listings Inventory 59

Lamacchia Realty

DECEMBER 28, 2021

The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. Even though the inventory of homes for sale at any given time all year stayed lower than ever, it did not decrease sales overall. 2021 Recap. Yes, you read that correctly, worse. It is a real problem.

Sellers 74

Sellers Inventory Buyers Realtors 74

Will Springer Realtor

DECEMBER 13, 2022

That real estate party of unquenchable buyer demand against a backdrop of low inventory is over. Contributing to improving the mood should be the anticipated 900,000 or so two-unit-plus housing under construction across our country that will start to come online in 2023. In his estimate: “Homebuilding’s going to contract.”.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Will Springer Realtor

DECEMBER 14, 2021

That’s far higher than YoY figures at the end of 2020 (up 1.7%) or 2019 (2.5%). There are too many consumers searching for homes and clearly not enough inventory, however that still means costs around goods, services and housing are going to inflate. Consumer prices are going up and up – 6.5% this year nationally and 3.8%

Real Estate 69

Real Estate Buyers Construction Sellers 69

Will Springer Realtor

FEBRUARY 8, 2023

Facebook (Meta) is evolving its office arrangements, leaving space in Seattle and Bellevue and contemplating additional contraction while opening a new lab (Frank Gehry-designed Building X) in Redmond later this year. in mid-2019. The company recently confirmed it was also pulling out of an office tower with about 370K sq.

Retail 36

Retail Design Development Landlords 36

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

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

APRIL 11, 2022

This year’s buying and selling campaign will be marked by increasing inventory (good!), Yun offers a silver lining: “I expect the pace of price appreciation to slow as demand cools and as supply improves somewhat due to more home construction.”. Inventories for condos were little changed from month to month, standing at 0.6

Construction 36

Construction Development Inventory Buyers 36

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. million.

Real Estate 38

Real Estate Marketing Construction Clients 38

Will Springer Realtor

MAY 9, 2022

All this tech construction gives new meaning to IT architecture! “A Another 1350 are under construction with delivery in the next two years, including the high-end Avenue Bellevue. Between 2011 and 2019, the median household income in our area increased by about 34% but housing prices jumped 78%. million sq.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

MARCH 14, 2022

off their 2022 high of 3.92% (the highest level since May 2019). Without their spirit to rebuild, our thinning housing inventory would be more dire than it is today. New construction is not likely to keep up with demand and bring that median age [of a home] down. Rates fall as money flows into Treasurys.

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Will Springer Realtor

OCTOBER 8, 2021

Construction could start as soon as 2022 on an ambitious three-tower project known as Cloudvue. The Knight Frank survey covered 49 global markets. >> Seattle is on pace to have one of the slowest annual growths in apartment-unit construction in the U.S. Inventories improved fractionally. There is now 0.7 months, up from 0.5

Real Estate 36

Real Estate Buyers Inventory Housing Market 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 We are on the right track. million units.

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. Low mortgage rates and an inventory crunch (limited supply) fuel the US housing market fire. new construction pipeline of nearby buildings. Do you have a paper trail?

Real Estate 78

Real Estate Retail Investing Tenants 78

Will Springer Realtor

NOVEMBER 12, 2021

In a review of 45 years’ data, a 2019 study claims adverse zoning laws wiped out 36% of potential economic growth and negatively affected each worker by more than $8700 in annual wages. Also, affected by the disruptions: builders and homeowners seeking to construct or update homes. Some parts of the U.S. –

Law 36

Law Inventory Real Estate Government 36

Will Springer Realtor

JUNE 9, 2021

Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. One-tenth surveyed said they have added language to contracts that require buyers to share in the materials costs if they continue to rise. of the U.S.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

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. Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines.

HOA 36

HOA Buyers Law Supply Chain 36

Will Springer Realtor

JULY 9, 2021

increase in single-family permits over 2019. >> Home prices are going to continue to go up until the inventory comes back bit,” said Rick Sharga, EVP at real estate information provider Realty Trac. Inventory across our area remains extremely low. >> A whopping 3.8 Looking for selection?

Buyers 36

Buyers Development Transportation Inventory 36