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

APRIL 8, 2021

. >> Counting both the demand for single-family and multi-family housing needed to meet current needs (plus factoring in demolished or lost housing), NAR projects we have a backlog in construction of 3.2 million new homes as of the start of this year. Month-to-month or 2021 vs. 2019 comparisons are the best options.).

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Inventory New Listings HOA Buyers 36

Will Springer Realtor

OCTOBER 11, 2022

Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. New listings and housing supply are on the rise as buyer activity took a dive in September, based on the latest assessment of data from the Northwest Multiple Listing Service. List: $2.9M ($853/sq.

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Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

AUGUST 9, 2022

The cities of Seattle and Renton offer pre-approved ADU designs to help streamline the government-approval process which can often be onerous. Don’t get me started about Seattle’s design review exercise!) . in Q1 of 2021 and is the highest rate of home flipping in the 21 st century. Kenmore allows ADUs of up to 1500 sq.

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Inventory Buyers New Listings Construction 36

Will Springer Realtor

OCTOBER 8, 2021

This newsletter started 2021 raving about the explosive growth across the Eastside and there is no sign of a letup. Construction could start as soon as 2022 on an ambitious three-tower project known as Cloudvue. New listings are up 6.3% Condo sales are in a similar boat, with new listings higher – by 4.3%

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Real Estate Buyers Inventory Housing Market 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. Among that group, 10% of current owners plan to put their homes on the market in 2021, translating into about 1.5 million more home listings across the U.S.

Real Estate 36

Real Estate Inventory Buyers Construction 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.

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Design Construction Development Property Taxes 36

Will Springer Realtor

JUNE 9, 2021

Is this the beginning of a housing bubble, 2021-style? “I One survey estimated Americans’ personal savings increased 15% in a year (April 2021), down from a high mark of 28% a month earlier. million people work in residential construction, or about 2.8% The problem is very real here in our region. >> About 4.4

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

DECEMBER 12, 2023

POLLUTED PIPES We cap this month’s news with yet another “P” story. The 2021 infrastructure law provides $15B to replace lead pipes across the U.S. >> A survey of the largest 50 cities determined Redmond is the 10 th -most active for new apartment construction. List price: $8.98M ($1273/sq. San Jose, Calif.,

Real Estate 36

Real Estate Buyers Housing Market Law 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. Developers opted to pay fees to the city totaling $68M instead, funds that help construct affordable homes in other parts of the city.

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

JULY 9, 2021

In calling for rezoning laws to accommodate this concept, Gladney identified five keys that communities should keep in mind when designing their 15-minute neighborhood: Think in terms of mixed-use development, such as a blend of housing, commercial usage and small-scale manufacturing. >> A whopping 3.8 They now account for 6.7%

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Buyers Development Transportation Inventory 36