Listing Spark

SEPTEMBER 25, 2023

A Dip in New Mortgages With interest rates soaring to unexpected heights, many prospective homebuyers have taken a step back from applying for new mortgages. The Rise of New Construction Homes New construction is stepping up to fill the void in the market. YOY) Months Supply of Inventory: 3.3

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Listing Spark

JANUARY 12, 2023

2022 Market Trends: Decrease in sales, values, and new listings in Austin, TX; median home value up 9.9% New Construction: Slowing down due to an increase in inventory and a declining market; builders targeting first-time home buyers. Listing Agents: Be careful when selecting listing agents who only charge 1% commission.

Real Estate 36

Real Estate Marketing Home Value Inventory 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). The good news comes from major national builders who have shared their forecasts for growth in the coming years. And many of the new projects are larger than in years past.

Construction 36

Construction Inventory Buyers Real Estate 36

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.” monthly decline in available Seattle listings (793).

Sellers 60

Sellers Buyers New Listings Inventory 60

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% Another sign of the times: fewer mortgage applications. While there were 5.8% There are 7.4%

Finance 68

Finance Inventory Construction Buyers 68

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

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?

New Listings 49

New Listings Inventory Buyers Realty 49

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. An annual survey released this month by the Federal Reserve Bank of New York said renters put the probability of ever owning a home at 40%, down from 44% last year.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

MARCH 14, 2023

However, many potential buyers appeared to be in a wait-and-see mode amid a backdrop of rising mortgage rates that usually spell affordability challenges. Notably, there are 185% more listings available today across the Eastside of the county compared with February 2022. With rates surging today – to near 7.0% Portland, Ore.,

Marketing 36

Marketing Buyers Inventory Sellers 36

Will Springer Realtor

JUNE 13, 2023

Home prices and mortgage rates. That changed in March 2022 when mortgage rates started their steady climb into the 4s, then into the 5s in May and 6s by September. Supply of resale housing (as opposed to new construction) is shrinking across our region. In March, 33% of homes listed for sale in the U.S.

Buyers 36

Buyers Inventory Construction Finance 36

Will Springer Realtor

AUGUST 11, 2023

NAR’s Housing Affordability Index is a good measure of whether a household earns enough to qualify for a mortgage on a typical home. Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). >> Bellevue is rated No.

Buyers 36

Buyers Development Construction New Listings 36

Will Springer Realtor

JULY 11, 2023

The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4% While that percentage may appear strong, it’s nothing compared to the April-to-May rise of 18%, signaling a probable cooling of new listings in the future. New single-family-home listings rose 3.8%

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Will Springer Realtor

SEPTEMBER 12, 2023

A concrete and steel cover connecting First Hill to downtown, for example, would reduce traffic noise, potentially add more parkland and encourage construction of new housing. New owners here spend an average of $232.5K The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates.

Sellers 36

Sellers Development Retail Real Estate 36

Housing Wire

OCTOBER 20, 2020

above the September 2019 rate of 1.274 million, the Bureau said. ” Mortgage Bankers Association Senior Vice President and Chief Economist Mike Fratantoni noted that single-family permits jumped 24.3% above the September 2019 rate of 1.437 million. above the revised August estimate of 1.388 million and 11.1%

Construction 483

Construction New Listings Housing Market Inventory 483

Will Springer Realtor

APRIL 8, 2021

were putting down $24,500 in the most recent survey, up a whopping 82% from Q4 2019 ($13,441). The boost in equity was helped most simply by saving more while in “pandemic hibernation” and from many homeowners refinancing mortgages amid generationally low interest rates. >> million new homes as of the start of this year.

Inventory 36

Inventory New Listings HOA Buyers 36

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

MAY 9, 2022

just as Google opens another office building in Kirkland and Microsoft expands its 120-structure Redmond campus with plans for 17 new office buildings. All this tech construction gives new meaning to IT architecture! “A And just to the East in the Spring District, Meta has committed to a total of 1.8 million sq.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

FEBRUARY 14, 2023

Mortgage Applications – The number of consumers seeking a mortgage, the earliest sign of home-buying intent in the purchasing funnel, is averaging 9% above the trough of Q4, though still down about 30% from a year ago. Another positive sign: The number of new listings surged from the previous month.

Housing Market 36

Housing Market Marketing Inventory Buyers 36

Housing Wire

MARCH 16, 2021

Mortgage applications for new homes dropped 9% from January to February, but overall applications are still up 9.2% year-over-year for homebuilders, according to the latest report from the Mortgage Bankers Association. A December report from Homesnap showed total new listings increased.22%

Inventory 385

Inventory New Listings Mortgage Buyers 385

Will Springer Realtor

OCTOBER 8, 2021

The Federal Reserve, which has been buying mortgage-related securities for more than a year to artificially keep interest rates low, has signaled a desire to taper its bulk purchases within the next month or so. A 30-year mortgage in our area could be had for about 3.125%, up from about 2.875% a month ago. New listings are up 6.3%

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. Now, home builders would need to construct as many as 1.2 points at 34.

Real Estate 36

Real Estate Inventory Buyers Construction 36

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. With scarcity comes price appreciation. What is the answer? asks Maxim Lissak, a Bellevue, Wash.,

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

AUGUST 9, 2021

Housing affordability decreased in 45 of the 50 states from 2012 to 2019. Washington state now (right) has less than 45% of all households able to afford the median priced home (as of 2019, when the state’s median figure was more than $100,000 less than today). percentage points. POTENTIAL TAX SAVINGS.

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

JUNE 9, 2021

Adjustable-rate mortgages were cheap and easy to acquire, home prices were artificially inflated and supply plentiful. The Federal Reserve is supporting the purchase of mortgage-backed securities as well as helping to sustain low interest rates for mortgages. Then the housing bubble burst. range won’t last forever.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

JULY 9, 2021

Hispanic households fare better with 32% of this segment being able to afford the mid-priced new home. Among non-Hispanic white households, 44% have sufficient income to qualify for a mortgage using standard underwriting criteria. increase in single-family permits over 2019. >> >> A whopping 3.8

Buyers 36

Buyers Development Transportation Inventory 36