Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 417

Inventory Housing Market Marketing Construction 417

Will Springer Realtor

MAY 13, 2024

In March 2023, we had an undersupply of 1.7M Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. home sales in 2023, the highest level since 2014. We are now experiencing historic shortages. shy of the need.

HOA 36

HOA Transportation Construction Buyers 36

Listing Spark

FEBRUARY 7, 2024

The 5 most notable events in Texas real estate from 2023 1) Home values flattened or declined in most of the major markets It’s no surprise that soaring home prices came down to earth in 2023. For example, in the city of Austin, home prices were essentially flat at $523,250 for the year (down only 0.43% in 2023).

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

FEBRUARY 13, 2024

The number of newly listed homes more than doubled from December and increased moderately compared with the same time last year, according to data from the Northwest Multiple Listing Service (MLS). The final months of 2023 were among the quietest periods in recent memory for residential real estate amid a slow year overall.

New Listings 54

New Listings Buyers Inventory Lending 54

Will Springer Realtor

AUGUST 15, 2023

After a pandemic-induced free-for-all, where newly listed homes could be off the market in hours and prices soared into a stratosphere more recognizable by the Blue Angels, we are now “enjoying” a period of rest and re-evaluation in summer 2023. monthly decline in available Seattle listings (793). The county saw a 4.9%

Sellers 60

Sellers Buyers New Listings Inventory 60

Will Springer Realtor

SEPTEMBER 12, 2023

fewer new listings, the rate of sales rose 1.7% Two data points stood out from the latest report by the Northwest Multiple Listing Service: The aforementioned new listings for all homes in the county – 2684 – is at a low not seen for an August since records were shared with brokers (like me) dating back to the mid-1990s.

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

JANUARY 10, 2023

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. Homes going under contract (Pending sales) dropped 25% from the previous month and by 30% year-on-year (YoY) – staggering drop-offs. Economists across the U.S.

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. annualized for 2023 but only 3.4% by the end of 2024. YoY in 2024.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

APRIL 11, 2023

After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

Housing Market 36

Housing Market Marketing Buyers Sellers 36

Will Springer Realtor

JANUARY 9, 2024

1, that requires buyers wishing to work with a licensed real estate broker to sign a services contract. The pact clarifies certain terms, including whether they will have an exclusive contract with the broker or non-exclusive, and how brokers will be compensated for their services. (I Olympia also established a law, effective Jan.

Mortgage 36

Mortgage Real Estate Law Lending 36

Will Springer Realtor

FEBRUARY 14, 2023

From a macro perspective, the 2023 outlook for home buyers is the best it’s been for three years. Pending Sales – Another leading indicator, these are the homes that go under contract and typically complete the transaction within two months. Another positive sign: The number of new listings surged from the previous month.

Housing Market 36

Housing Market Marketing Inventory Buyers 36

Will Springer Realtor

OCTOBER 11, 2023

Suburban residents can be almost assured of the peaceful enjoyment of their home without worrying about a neighbor constructing a rollercoaster or baseball stadium next door. >> A full 19,396 apartment units are under construction in Seattle metro, according to a Q2 report from Berkadia, a U.S. . = Zoning laws in the U.S.

Law 36

Law Development Design Government 36

Will Springer Realtor

OCTOBER 11, 2022

I’m not going to answer that – my crystal ball is broken – but if some economists had their way, it would be a definite possibility for 2023. in 2023 for single-family homes. Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. from today’s U.S. figure of 8.3%.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

OCTOBER 8, 2021

Construction could start as soon as 2022 on an ambitious three-tower project known as Cloudvue. The Knight Frank survey covered 49 global markets. >> Seattle is on pace to have one of the slowest annual growths in apartment-unit construction in the U.S. New listings are up 6.3% 1 vs. Sept. Median condo prices were up 1.9%

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

JULY 9, 2021

As of this writing, about 47% of the 262 units are under contract or sold – including this 36-floor, sub-penthouse with stunning West-facing views. Construction is underway on the 48-story, 459-unit, ultra-luxe residence with about 70% of inventory presold (minimum 5% down at signing). Target opening is spring/summer 2023.

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Buyers Development Transportation Inventory 36