Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. Lowest number homes listed in recorded history, decreased by 15.1% Lowest number homes listed in recorded history, decreased by 15.1% Sales in New Hampshire declined by 18.9%

Inventory 52

Inventory Sellers Buyers Contracts 52

Listing Spark

SEPTEMBER 25, 2023

Fewer New Listings The number of new listings hitting the markets has continued to fall, mainly because a substantial segment of the market that was both buying and selling has essentially disappeared. decline in home sales by the end of 2023, with a similar trend expected to persist in 2024.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Will Springer Realtor

DECEMBER 12, 2023

The year in residential real estate nears its end amid twists and turns like a good book but it’s waiting for the storyline to improve as we fill out the empty pages in 2024. The Eastside led the way with a 33% drop-off in new listings (420) and Seattle fell 31% (586). Since January 2022 – when home sales were 6.3M higher YoY.

Housing Market 42

Housing Market Marketing New Listings Buyers 42

Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve played the role of Santa Claus and delivered an unexpected present just before Christmas in the form of a forecast for lower interest rates in 2024. The 802 new listings in December was a low not seen since records were archived online from 1990. and a median forecast drop of 75 points (0.75%) in 2024.

Housing Market 61

Housing Market Marketing Inventory Lending 61

Will Springer Realtor

APRIL 9, 2024

New listings (+17%), available homes at the start of April (+5.0%) and listings going under contract – also known as Pending sales – (+24%) were solidly higher when comparing month to month. The 2166 single-family new listings in King are the lowest of any March since records were archived online in 1991.

Marketing 60

Marketing Inventory Buyers Sellers 60

Will Springer Realtor

OCTOBER 11, 2023

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. Those fees are used to fund affordable housing in the city.

Law 36

Law Development Design Government 36

Will Springer Realtor

MARCH 10, 2023

The number of new listings of all home types (single-family, townhome and condo) in King County climbed 6.4% (1866 units) from January to February, as expected, and total inventory at the start of March (2064) was 111% higher than a year ago. The 20-story luxury condo Mari is under construction with a 2024 target opening.

Construction 36

Construction Modernization Buyers Inspection 36

Will Springer Realtor

MAY 13, 2024

Even with aggressive changes to state and local zoning and fewer obstacles for building developers, the highly regarded Urban Institute estimates that by 2044 the Puget Sound region will be 140K homes shy of real demand. With the settlement, a wave of new listings hit the market in the past several weeks. bathroom , 3930 sq.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

AUGUST 11, 2023

The City of Renton reported in June that 92% of the 7800 new units in the permitting pipeline are expected to be market-rate rentals. Some developers are delivering smaller homes in the form of four- and six-plex townhomes on a parcel of land that once featured a single-family house. leading the list. >>

Buyers 36

Buyers Development Construction New Listings 36

Will Springer Realtor

NOVEMBER 14, 2023

Sales activity across the county is at historic lows; no October has experienced fewer listings in King County – not even close – since at least 1992 when records were first archived online. New listings for all home types in King County stood at 2157, a whopping 25% drop from September to October. in 2024 and 4.5M

Inventory 36

Inventory Buyers Sellers New Listings 36

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

AUGUST 15, 2023

The season has been shaped by slumping new listings, a slowly climbing number of homes sitting on the market from previous months, fewer closed sales compared to last year and prices moving plus/minus five percentage points year-on-year (YoY). monthly decline in available Seattle listings (793). by the end of 2024.

Sellers 60

Sellers Buyers New Listings Inventory 60

Will Springer Realtor

MARCH 12, 2024

The picture was somewhat similar for single-family homes as a stand-alone category, with new listings up 38% (1845) and sales 41% (1064) stronger month-to-month, but the YoY numbers were more telling, up 31% and down 4.2%, respectively. Builders have confronted a litany of obstacles in their attempt to develop more homes.

Buyers 57

Buyers Construction Sellers Inventory 57

Will Springer Realtor

MAY 9, 2023

The council is seeking feedback from residents before the mandatory deadline to finalize its comprehensive plan hits on June 30, 2024, with changes enacted at the end of next year. Legislation related to transit-oriented development did not pass. The pending law is on the governor’s desk awaiting his signature.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

OCTOBER 11, 2022

Mark Zandi, chief economist at Moody’s Analytics, is far more bearish, predicting prices will fall about 10% nationally over the next 12-18 months if the country avoids a recession (which is unlikely) and drop roughly 20% by 2024 if the U.S. The number of new listings in the previous month and remaining on the market as of Oct.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

JUNE 13, 2023

This means the negative YoY price decline – which is in a range of minus 7%-11%, depending on the submarket – will slowly return to positive territory, likely by early 2024. They want their money and move to the next project, so it’s not uncommon to see price discounts and other incentives at new construction developments.

Buyers 36

Buyers Inventory Construction Finance 36

Will Springer Realtor

DECEMBER 12, 2023

To a happy 2024! = What does 2024 look like for the national housing scene and across Seattle/King County? I offer two observations gleaned from a lot of reading and speaking with experts: Mortgage rates, falling for roughly the past two months, will likely start with a “6” in the first half of 2024. 19) at 10am PT.

Real Estate 36

Real Estate Buyers Housing Market Law 36

Will Springer Realtor

FEBRUARY 9, 2022

The House version, HB 1782 , is backed by developer and Realtor® lobbyists, Habitat for Humanity and environmental groups, according to The Seattle Times. For example, Seattle enjoyed a 125% month-to-month surge in new listings in January (308) but experienced a 15% decline in active listings on Feb. CONDO NEWS.

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

MAY 9, 2022

While these are promising developments, there will always be the affordability question. Thankfully, the 2024 planned opening of Link light rail ’s East Link Extension to Bellevue and Redmond will present a viable option if living on the other side of Lake Washington. CONDO NEWS. Click here for the full monthly report.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

MAY 12, 2021

Roughly 20 million Millennials will be entering their 30s, typically the time they purchase their first home, between now and 2024. Housing starts – the number of units builders would begin if development kept pace for the next 12 months – increased 19% nationally to a seasonally adjusted annual rate of 1.7 We are on the right track.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

FEBRUARY 9, 2024

To address the issue, Dr. Vivek Murthy developed six pillars that spotlight a need for social connectedness. SPOTTING TRENDS Builders are hearing from prospective buyers: Developers are being asked to create stylish and functional homes with little compromise on size and at lower prices. In fact, the U.S. THE YEAR OF HOUSING 2.0

Development 36

Development Design Housing Market Real Estate 36