Housing Wire

FEBRUARY 25, 2021

And even with another month-to-month drop, pending home sales were 13% higher in January 2021 than they were in January 2020. There will also be a natural seasonal upswing in inventory in spring and summer after few new listings during the winter months,” Yun said. million in 2020.

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Supply Chain Inventory Housing Market Contracts 402

Listing Spark

DECEMBER 23, 2020

Median Sales Price: $270,000 (up 12%) Closed Sales: 9,660 (up 28.1%) Active Listings: 29,948 (down 27% from this time last year) 2.2 This has been helping the market for years but in 2020 we have seen rates drop even lower. Here is a list of some of the companies moving to Texas. Months of Inventory: (down 1.4 San Antonio.

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Real Estate Marketing Inventory Modernization 36

Housing Wire

JULY 20, 2021

This has dampened new home sales and quickened home-price growth.” ” Mark Palim, deputy chief economist at Fannie Mae , said anecdotal reports of builders delaying or turning down orders to clear a growing construction backlog appears to be borne out by the recent housing starts data. percent,” Palim said Tuesday.

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Housing Market Marketing Inventory Construction 500

Housing Wire

NOVEMBER 28, 2022

The downturn in the LEI reflects consumers’ worsening outlook amid high inflation and rising interest rates, as well as declining prospects for housing construction and manufacturing. In addition, we have a lot of two-unit construction built, which will bring more supply online. NAR total inventory data: 1,220,000 listings.

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Transportation Construction Housing Market Mortgage 531

Listing Spark

SEPTEMBER 25, 2023

Fewer New Listings The number of new listings hitting the markets has continued to fall, mainly because a substantial segment of the market that was both buying and selling has essentially disappeared. 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

Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. And many of the new projects are larger than in years past. Builders began construction on just under a million single-family homes in 2020. in existing-home sales April 2020-March 2021.

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Construction Inventory Buyers Real Estate 36

Raleigh Realty

JULY 12, 2022

According to the latest census, the population in Raleigh grew by almost 64,000 residents between 2010 and 2020. As supply chain issues cause construction material prices to soar, buyers are more likely to consider purchasing a resale home vs. a new construction home. The largest population in Raleigh is 25 to 34 (18.9)

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Real Estate Supply Chain Construction Home Value 78

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. Episode Highlights. in Dallas year over year; closed sales down 30.4%

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Real Estate Marketing Home Value Inventory 36

Lamacchia Realty

JANUARY 24, 2022

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for December 2021 compared to December 2020. Broward County. Miami-Dade & Palm Beach Counties. What's Ahead?

New Listings 49

New Listings Inventory Buyers Realty 49

Will Springer Realtor

JULY 13, 2023

You are not going to get people to come back into the office to the same degree as they did before 2020. Our urban area accounts for about half of the city’s economic activity, and the Seattle Chamber noted that rising office vacancies coupled with less construction could lead to $2B in decreased revenue. The city was No.

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Construction Supply Chain Real Estate Development 36

Housing Wire

JANUARY 20, 2021

fell to a four-month low in January as builders expressed concerns about higher house prices, COVID-related supply chain issues and construction costs. Inventory has been an issue for real estate agents and brokers since early 2020, as well. Homebuilder confidence in the U.S.

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Supply Chain Inventory Housing Market Real Estate 429

Will Springer Realtor

MAY 9, 2023

Whether it was cutting red tape and construction costs or ensuring our cities allow more affordable options near transit and jobs, these bills, working together, mean more homes, at more affordable prices, in communities all across our state.” The home was constructed for olive-oil importer John Vittucci. This 5-bed, 4-bath , 6500 sq.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

DECEMBER 11, 2022

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. Read my real estate forecast blog post after you finish the newsletter to learn more!)

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Inventory Construction Supply Chain Buyers 36

Will Springer Realtor

JANUARY 9, 2024

The downtown area has been through a rough spell since doors to offices, schools and shops closed in March 2020 and slowly returned to a form of normalcy over the past two years. BY THE NUMBERS >> Seattle metro leads the nation with construction cranes – 45 – according to a Q3 summary from the RLB Crane Index.

Mortgage 36

Mortgage Real Estate Law Lending 36

Will Springer Realtor

APRIL 8, 2021

The median down payment on single-family homes and condos purchased with financing jumped 19% in Q4 of 2020 from the previous quarter. trillion in equity in 2020 from a year earlier, according to S&P CoreLogic, a property information and analytics business. million new homes as of the start of this year. BY THE NUMBERS.

Inventory 36

Inventory New Listings HOA Buyers 36

Will Springer Realtor

JANUARY 10, 2023

The number of new listings for all home types – single-family, townhomes and condos combined – in King (887) fell 47% from November and declined 36% from December 2021. The bar is so low on listings and sales data that one might trip over it. That is the lowest annual figure since 2012 (27,601), according to MLS data.

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Housing Market Marketing Inventory Real Estate 36

Will Springer Realtor

MARCH 14, 2023

The number of new listings of all home types (single-family, townhome and condo) in King County climbed 6.4% (1866 units) from January to February, as expected, and total inventory at the start of March (2064) was 111% higher than a year ago. This, along with higher building costs, will lead to a construction slowdown this year.

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Marketing Buyers Inventory Sellers 36

Will Springer Realtor

OCTOBER 8, 2021

Construction could start as soon as 2022 on an ambitious three-tower project known as Cloudvue. for a 2020 population of 149,900. >> A new survey found that 73 million Americans reside within a community association. since this time in 2020. New listings are up 6.3% Newcastle had a healthy 4.2%

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Real Estate Buyers Inventory Housing Market 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.

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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 BY THE NUMBERS. >> The average size of a newly constructed single-family home is now 2524 sq.

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Architecture Design Buyers Construction 36

Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. County economists forecast a 2024 decline in new construction, slipping to $9.9B

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Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

AUGUST 9, 2022

percentage points over the 58 cumulative months of a recession between 1980 and 2020: Average 30-year mortgage rates stood at 5.3% The market recalibration continues across King County with a sharp drop in new listings, Pending sales and closings while prices decline. CONDO NEWS. year-on-year (YoY).

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Inventory Buyers New Listings Construction 36

Will Springer Realtor

MAY 12, 2021

Now, home builders would need to construct as many as 1.2 This was the fastest pace for combined single-family and multi-family construction since June 2006. The median price in the West was $493,300, up 17% from March 2020. >> million more home listings across the U.S. We are on the right track. million units.

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Real Estate Inventory Buyers Construction 36

Housing Wire

MARCH 16, 2021

MBA’s homebuilder application survey showed new, single-family home sales running at a seasonally adjusted annual rate of 748,000 units in February 2021 – down 17.3% from the January pace of 905,000 units, and the slowest annual pace since May 2020. A December report from Homesnap showed total new listings increased.22%

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Inventory New Listings Mortgage Buyers 291

Will Springer Realtor

AUGUST 9, 2021

And, Seattle’s attempt to force building developers to incorporate more affordable homes within their new residential endeavors yielded only 21 units in 2020 out of a swell of 224 construction projects. from April 1, 2020, to the same day in 2021, to 7.77M residents. POTENTIAL TAX SAVINGS. The state grew 1.5%

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

JUNE 9, 2021

Some smaller construction companies are heavily burdened by rising costs for everything from lumber and steel to fuel and labor amid a lack of available employees. Despite reports of a mass exodus, Seattle’s population grew by about 16,400, or 2.2%, for the year (through June 2020), to 769,700. million units annually and dropping).

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Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

JUNE 8, 2022

They include shortages caused by restrictive zoning that limit the number and type of housing units built on a given parcel, a “not in my backyard” resistance to new construction in traditionally single-family-home neighborhoods, and layers of regulations, processes and fees that dissuade developers from building in certain areas.

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

JULY 9, 2021

The commodities market saw prices reach an all-time high of $1711 per thousand board feet in early May of this year after a pre-pandemic price of $303 (March 2020). King County’s 855 single-family permits marked an 8% increase over Q1 of 2020, while Snohomish County’s 656 permits were just 5% above a year ago. >> A whopping 3.8

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Buyers Development Transportation Inventory 36