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Affordability boosts Indianapolis housing market 

Housing Wire

It also boasts a strong labor market, adding 28,500 jobs in November 2023 compared to November 2022, according to data released by the Bureau of Labor Statistics (BLS). 10, 2023. “The There is always a big slowdown between Thanksgiving and New Year. 19, down from 54.79% on Nov. Things will pick up in the next week or two.”

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Can we still avoid a recession?

Housing Wire

The question now is whether there is a way to avoid the job-loss recession we’re facing in 2023. New and existing home sales are falling, along with housing permits and starts, as we have too many new homes for the builders to issue new permits. With all the data we now have in front of us, we can say that the U.S.

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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

The information and data for the current Beige Book was collected on or before January 9, 2023 and was based on interviews with bank and branch directors, community organizations and economists. Demand for new and existing single-family housing fell modestly across the district, primarily driven by high prices and mortgage costs.

Inventory 421
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Will Springer Realtor - Untitled Article

Will Springer Realtor

In March 2023, we had an undersupply of 1.7M home sales in 2023, the highest level since 2014. The reason, beyond the seasonal spring burst of new listings, may be tied to a recent legal settlement between Insignia’s Homeowners Association and Bosa Development Washington on a litany of building defect claims.

HOA 36
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SEATTLE ‘WALKING’ TOWARDS URBAN CONNECTEDNESS

Will Springer Realtor

The few homes that are available are selling quickly and at or above list price.” fewer new listings, the number of sales rose 1.7% BY THE NUMBERS >> A survey of 2000 adults across the 50 largest U.S. metros showed 78% would be willing to pay more for a home in a walkable community. While there were 5.8%

Sellers 36
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IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

Buyers will likely snap up any home to be within walking distance of the new transportation hubs. Coincidentally, one of my listings currently is in the UDistrict, three blocks from the rail station. New listings are up 6.3% Condo sales are in a similar boat, with new listings higher – by 4.3%

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PREDICTIONS, PARKING, POLLUTED PIPES

Will Springer Realtor

at this time in 2023 (quite optimistic!). I am finishing up my annual blog post that looks back at 2023 and takes a glimpse ahead at the full picture – housing, economy, jobs and new technology. POLLUTED PIPES We cap this month’s news with yet another “P” story. cities, up a notch from the 2023 report.