Will Springer Realtor

MARCH 14, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

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Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. Compounding the financial squeeze, home prices have risen in many cities outside Seattle. New listings for all home types in King County stood at 2157, a whopping 25% drop from September to October. Closed sales fell 0.9%

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Will Springer Realtor

AUGUST 9, 2022

There is no one-size-fits-all solution to solving our shortage of affordable homes but one answer that appears to have wider appeal is to aggressively advocate for accessory dwelling units (ADUs) – either attached to a structure or detached (DADU) in a backyard. Sit, relax, enjoy the sun and take in the view. You deserve it!

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Will Springer Realtor

OCTOBER 8, 2021

Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. Just as seasons change and buds become blooms again, the housing market and its price appreciation will almost certainly continue to blossom (to wear out that flowery metaphor) by the time we get to March.

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Will Springer Realtor

APRIL 11, 2022

As they loosen regulations on the addition of accessory dwelling units (aka mother-in-laws), so too are municipalities dropping requirements for off-street parking within walking distance of a transit hub. But shouldn’t we incentivize us all to separate the need for parking in urban areas when other options exist?

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Will Springer Realtor

FEBRUARY 9, 2022

The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s That’s a triple whammy hitting potential homebuyers,” notes Len Kiefer, deputy chief economist at Freddie Mac, which buys many of our mortgage loans from lenders.

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Will Springer Realtor

MARCH 14, 2022

Similar fears exist for the energy supply, equity markets, currencies, electric and internet grids, and defense of nations aligned against Russia. Most home buyers focus on the direction of interest rates. Interest rates on a 30-year mortgage have slipped since the start of the conflict, now averaging 3.76% in the U.S.,

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Will Springer Realtor

SEPTEMBER 8, 2021

We have covered over and over the scarcity of homes available for sale. It’s particularly true among homes priced at or below $500,000 in King County, where only 737 of those properties sold in August (36% fewer than in August 2019). and another 10% boost in 2022. That’s the most since 2007. LIFESTYLE CHANGE.

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Will Springer Realtor

DECEMBER 12, 2023

I wrote in this newsletter 12 months ago about the bumpy – maybe even bruising – housing market of 2022 across Puget Sound and most of the country. It was a year of gyrating mortgage rates and stubbornly high home prices. Inventory continues to shrink to levels not seen since the days of disco, shag carpets and pet rocks.

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Will Springer Realtor

JANUARY 7, 2022

We are only a couple of weeks into 2022 and the region’s residential real estate market is already getting back in motion for what should be another year of unprecedented levels of activity and incredibly high demand. Buyers will continue to outstrip sellers but with slightly less intensity than in recent years. “The

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