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100+ YEARS IN, ZONING LAWS INCH TOWARD HOUSING EQUITY

Will Springer Realtor

The first successful zoning laws were established in 1916 to determine building heights in New York City, soon followed by the zoning of residential and business districts. The effort was led by lawyer Edward Bassett, who went on to develop freeways and parkways. Seattle alone saw a 29% (1213) monthly increase in new listings.

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Real Estate Market Trends for 2023 – Real Estate Real Fast EP11

Listing Spark

Sales were down 25% in Austin, Texas compared to 2021, and values are likely to continue decreasing in 2023. 2022 Market Trends: Decrease in sales, values, and new listings in Austin, TX; median home value up 9.9% In Austin, Texas, sales were down 25% in 2022 compared to 2021. Episode Overview. Episode Highlights.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

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. My favorite listing this month is this North Issaquah, 2-story gem – a 5-bed, 6.75-bath List: $4.45M ($575/sq. Fishing pier. Water wheel.

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

While these are promising developments, there will always be the affordability question. >> Insights from 12,000 consumers and over 300 architectural designers show that 51% of residents will work from home in 2022, up from 33% before the pandemic. >> Neilsen research shows that 11.5% That’s down from 12.9%

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CITIES FACE DAUNTING OFFICE-VACANCY CHALLENGE

Will Springer Realtor

We’ll have new incentives, and quite frankly, this will inform our budget,” he said. We are charting new territory and success will be measured by creativity and collaboration. Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

It is developing several single-family and multifamily communities in King and Snohomish counties. The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities.

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HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

The House version, HB 1782 , is backed by developer and Realtor® lobbyists, Habitat for Humanity and environmental groups, according to The Seattle Times. The median home price rose 17% in 2021 to a record $317,500, according to a report from ATTOM Data Solutions. at the end of 2021, second-highest among big U.S. home buyers.

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