Remove 11 30 leaves-prices-are-falling-november-newsletter
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Expectations for 2023 in Seattle/King County Real Estate

Will Springer Realtor

Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. In its place, rising everything – home prices, mortgage rates and inflation (Why are eggs so expensive? What’s next?

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Expectations for 2024 in Seattle/King County Real Estate

Will Springer Realtor

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. In an economic downturn, the housing market typically experiences slower sales and lower prices. All this, coupled with a taming of the inflation rate, is leaving experts optimistic about the direction of our economy.

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100+ YEARS IN, ZONING LAWS INCH TOWARD HOUSING EQUITY

Will Springer Realtor

Since Veterans Day falls on a Saturday this year, you can expect far more people and far less available parking. are a bit like that one quirky relative at family gatherings – they have their benefits, they have their drawbacks, and sometimes, they just leave you scratching your head in bewilderment. . Entry is free on Nov.

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PREDICTIONS, PARKING, POLLUTED PIPES

Will Springer Realtor

We have enjoyed working with many of you this year and providing informative stories and features in this newsletter as well as on the Living the Dream blog and social media platforms. 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.

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HOMEOWNERS ASSOCIATIONS AND FAIR HOUSING RISKS

Will Springer Realtor

Roughly 84% of newly built, single-family homes sold in 2022 were part of an association, according to U.S. or more of the home’s sales price to help incentivize buyers to purchase. Here we are again, facing a protracted geo-political battle that has repercussions around the globe. Census data. The figure was 70% only 10 years ago.

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UNDERSTANDING THE TRUE COST OF HOMEOWNERSHIP

Will Springer Realtor

When considering housing affordability, the focus often falls on the upfront expenses of buying a home. The soaring prices of insurance and energy have dealt a two-pronged blow to homeowners’ wallets, with no relief in sight. rise in 2022-2023. Source ) Locally, Puget Sound Energy raised electric rates by 1.7%