Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades. shy of the need.

HOA 36

HOA Transportation Construction Buyers 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. month (or 18 days of inventory), down from 0.9 BY THE NUMBERS.

Inventory 36

Inventory New Listings HOA Buyers 36

Will Springer Realtor

MAY 9, 2023

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. Falling new inventory is constraining transaction volumes while also supporting higher home prices.

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. months of inventory. Inventories across the county for all home types now stand at 2.2

Inventory 36

Inventory Construction Supply Chain Buyers 36

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. New data show this subset of buyers accounted for 2.8%

Construction 36

Construction Inventory Buyers Real Estate 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. The 802 new listings last month were a low not seen since records were archived online from 1990. List price: $6.499M ($1161/sq.

Mortgage 36

Mortgage Real Estate Law Lending 36

Will Springer Realtor

MAY 9, 2022

based on 2020 data from the U.S. >> The Puget Sound region suffered from a severe lack of new construction in the decade ending in 2020, according to U.S. Kitsap County had the fewest number of units built per household formed between 2010 and 2020 (0.55). That’s up from 2333 sq. That’s down from 12.9%

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. That’s according to Census Bureau data averaged out over the five years between 2016 and 2020 and reported by The Seattle Times.

Housing Market 36

Housing Market Marketing Inventory HOA 36

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. Inventory levels are mounting in King, now at 1.9

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

MAY 12, 2021

>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. The median price in the West was $493,300, up 17% from March 2020. >> The price of framing lumber is now running about $1200 per thousand board feet – up 243% since April 2020 when the price was roughly $350.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

JUNE 9, 2021

Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. 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. BY THE NUMBERS. >>

Housing Market 36

Housing Market Marketing Inventory New Listings 36

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. Skyrocketing property values in our area have their downsides.

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

JUNE 8, 2022

The multi-pronged effort includes legislative and administrative actions to increase the number of affordable units and overall inventory. King County experienced a 28% jump in Active listings (homes on the market on June 1) compared with the start of May. Yes, finally buyers can pore over more home options before making a bid.

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

JULY 9, 2021

A new door improves curb appeal, adds modern technology to the house and, based on my observations, doesn’t make as much noise as older models! 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).

Buyers 36

Buyers Development Transportation Inventory 36