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FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. housing market is experiencing a price “correction,” defined as a 10% price drop from its most recent peak. OCTOBER HOUSING UPDATE. We are still seeing stunning homes come on the market.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

A patch of foul weather and persistent economic challenges chilled an already cold housing market. The Northwest MLS monthly housing report described it best: “December ends with a ‘whimper’”. The bar is so low on listings and sales data that one might trip over it. CONDO NEWS. List: $4.45M ($575/sq.

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100+ YEARS IN, ZONING LAWS INCH TOWARD HOUSING EQUITY

Will Springer Realtor

AFFORDABLE HOUSING INITIATIVES The Seattle City Council passed two bills that take significant steps to remove red tape and help push for more affordable housing developments. The first makes permanent a pandemic-related policy that exempts affordable housing from the design review process. List: $3.175M ($1134/sq.

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

just as Google opens another office building in Kirkland and Microsoft expands its 120-structure Redmond campus with plans for 17 new office buildings. All this tech construction gives new meaning to IT architecture! “A DID SOMEBODY SAY, ‘HOUSING BUBBLE?’. Are we in a housing bubble? housing market is unrealistic.

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IS THE HOUSING MARKET HEADED FOR A CRASH?

Will Springer Realtor

Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5 market during the pandemic – and there is great anticipation for strong demand. The average King County single-family listing sold in May 9.5% months of homes on the market (down from 0.4

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PREDICTIONS, PARKING, POLLUTED PIPES

Will Springer Realtor

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. Ready to complete another year, the residential real estate market has not improved – some might say it got a little worse. List price: $8.98M ($1273/sq. To a happy 2024! =

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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

About 57% of all new housing was classified multifamily (four or more units in one location). AUGUST HOUSING UPDATE. A sliver of a silver lining developed in our still-hot housing market, as King County saw more homes for sale at the end of July than 31 days earlier. 1 (2679) is 19% greater than July 1.