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100+ YEARS IN, ZONING LAWS INCH TOWARD HOUSING EQUITY

Will Springer Realtor

The first makes permanent a pandemic-related policy that exempts affordable housing from the design review process. King County acknowledged receiving a little under $1B in federal aid for homelessness and housing since 2019, yet the local homeless rate rose 14% this past year. >> The rate of homelessness in the U.S.

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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). The price of new construction has jumped, too; the National Association of Home Builders estimates costs have risen about 35% since 2019. New price: $70M ($3978/sq.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

>> The number of people working in downtown Seattle offices is about 52% of the daily foot traffic seen in 2019 – a year before the start of the pandemic. seconds – when not parked in a penthouse high atop a gleaming new urban condo. This specially designed British supercar comes with a super price tag – about $1.7M.

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Signs of Inflation Expand Well Beyond Housing Prices

Will Springer Realtor

were putting down $24,500 in the most recent survey, up a whopping 82% from Q4 2019 ($13,441). The national median family income rose just 4% from 2019 to 2020, according to the Department of Housing and Urban Development, while most home prices are jumping each year by 10% or more. Buyers in the U.S. from the previous quarter.

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

Between 2011 and 2019, the median household income in our area increased by about 34% but housing prices jumped 78%. Microsoft has committed $750M since 2019 to help support the creation of more affordable homes in Seattle metro. It has also set its sights on rezoning portions of the city to increase housing density. bath , 17,599 sq.

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CITIES FACE DAUNTING OFFICE-VACANCY CHALLENGE

Will Springer Realtor

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.

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RISING INFLATION, RATES TRIP UP HOUSING MARKET

Will Springer Realtor

That’s according to a survey of 1,002 Hispanic Americans by NAR. >> Washington, at 6.6%, was among the leading states to experience an increase in tech worker jobs from pre- to post-pandemic (December 2019 to December 2021). While the number of new listings in June jumped 8.2% List: $5.65M ($730/sq. months, up from 1.0,