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 60

Sellers Buyers New Listings Inventory 60

Annarbor Appraisal

FEBRUARY 26, 2021

This information is from the Ann Arbor Area Board of Realtors MLS run on a monthly basis, and includes all the Ann Arbor school district, single family detached housing only, no new construction or to be built, no condominium units. Data tracks from 1/1/19 forward and it includes several things that we watch as appraisers.

Realtors 78

Realtors Contracts Construction Marketing 78

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. Now, if you’re a home seller in Austin, patience is the name of the game.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Lamacchia Realty

APRIL 6, 2022

Shauna is a member of the 2019 and 2021 President’s Club and also qualified for the 2021 President’s Club ELITE ! Kelly joined forces with Lamacchia Realty in January 2019, after having owned James Marcora Realty in Billerica, MA since 2006. Cyndi thrives to make her buyers and sellers her top priority.

Realtors 69

Realtors Realty Real Estate Agents 69

Appraisal Today

JANUARY 26, 2024

However, new construction back then really struggled, but today in light of so many sellers sitting in the existing market, builders have been thriving. Slow market with 100% seller financing. The article will wrap up with a discussion of the Davis, CA residential real estate market between 2019 and now. percent from 6.75

Contracts 85

Contracts Appraisal Mortgage Inspection 85

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 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. But is it because sellers are rushing to list their homes? It’s easy to pin this on sellers rushing to list, but that’s NOT the case. This is actually about fewer buyers getting into contract.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Houston Properties

JANUARY 12, 2022

Why We're Fearful: Buyer & Seller Mistakes. Why We’re Fearful: Buyer & Seller Mistakes. "A 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.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

DECEMBER 13, 2022

Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. (In In his estimate: “Homebuilding’s going to contract.”. Figures are for resale homes only and not new construction.).

Real Estate 36

Real Estate Buyers Construction Sellers 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

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. Just more than 4,000 homes went under contract last month across all home types in King, a 4.3%

Construction 36

Construction Inventory Buyers Real Estate 36

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

Renovations 382

Renovations Investing Real Estate Marketing 382

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

DECEMBER 14, 2021

Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. That’s far higher than YoY figures at the end of 2020 (up 1.7%) or 2019 (2.5%). However, only 29% of office workers have returned to the core of Seattle, compared with figures from 2019, according to the Downtown Seattle Association.

Real Estate 69

Real Estate Buyers Construction Sellers 69

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. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

Marketing 36

Marketing Buyers Inventory Sellers 36

Lamacchia Realty

DECEMBER 28, 2021

From offering dramatically over asking price, putting down massive deposits, waiving home inspection contingencies or not doing home inspections at all, waiving mortgage contingencies, agreeing to close whenever sellers want, and more. Home sellers are usually motivated to list when they see homes on the market that they want to buy.

Sellers 74

Sellers Inventory Buyers Realtors 74

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. New Construction The new home construction sector has taken much of the residential spotlight this year. times more than at the end of 2019.

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

JUNE 13, 2023

Yes, there are few buyers in an inflation-heavy economy with high interest rates, but for home prices to go down there needs to be fewer buyers than sellers – and that is just not within the realm of possibility today. Supply of resale housing (as opposed to new construction) is shrinking across our region. There are 1.3 a month ago.

Buyers 36

Buyers Inventory Construction Finance 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

APRIL 11, 2022

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.”. between 2019 and 2020 – the largest annual increase on record – to 65.5%, according to a report released by NAR. For buyers, they can only hope. BY THE NUMBERS. >>

Construction 36

Construction Development Inventory Buyers 36

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

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

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

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

OCTOBER 8, 2021

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. Among the 389 units, 16 are actively for sale, six are under contract and another 43 homes have sold so far in 2021.

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

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. – average is $8800 per person.

Law 36

Law Inventory Real Estate Government 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

JUNE 9, 2021

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. 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

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. Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. The deal varies for each builder and the amount of the buyer’s down payment.

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

I am often asked by sellers what home projects should they address to get the highest return on investment. increase in single-family permits over 2019. >> It is truly the epitome of a sellers’ market and experts I hear from are saying, basically, get used to it. THE ROI OF HOME RENOVATION. >> A whopping 3.8

Buyers 36

Buyers Development Transportation Inventory 36