Remove 2019 Remove Construction Remove Property Taxes Remove Sellers
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Uncertain future, forgetting the past

Annarbor Appraisal

In June 2019 I wrote a piece about Ann Arbor for Mobility Magazine. Houses in blue, condominium units in orange, new construction included. Buyers, sellers, and the Realtors who work with them are adaptable, and some transactions have continued via virtual showings. What about property taxes and their effect on affordability?

Buyers 78
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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

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). POTENTIAL TAX SAVINGS. percentage points.

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FINDING THE KEY TO UNLOCK ‘STUCK’ HOMEOWNERSHIP RATE

Will Springer Realtor

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
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How to Sell Your House Fast in Chicago with Targeted Updates and Spot-on Pricing

Chicagoland Appraisal Blog

Chicago’s housing options include a wide diversity of architecture, styles, and sizes, including vintage condos, brand-new construction, and 7,000-square-foot homes. Here’s what that means for sellers in the Chicago area: Make key updates if you’re selling a dated home. Updated homes tend to sell faster in Chicago, notes Westhoff.

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AN URGENT CALL FOR CHANGES TO ZONING LAWS

Will Springer Realtor

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
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SEATTLE ‘WALKING’ TOWARDS URBAN CONNECTEDNESS

Will Springer Realtor

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. on first-year costs, including a 20% down payment, closing costs, monthly mortgage, insurance and property taxes. only a few hundred dollars shy of that.

Sellers 36
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WILL WAR IN UKRAINE IMPACT OUR HOUSING MARKET?

Will Springer Realtor

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. with equity-rich property owners, according to ATTOM.