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SEATTLE ‘WALKING’ TOWARDS URBAN CONNECTEDNESS

Will Springer Realtor

Here’s a blog post on the topic from last summer.) It has been discussed in this newsletter the sharp decline in Seattle office occupancy; most recent stats show weekday worker foot traffic in downtown at 55% of July 2019 traffic, a figure that will likely increase – but by how much more?

Sellers 36
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100+ YEARS IN, ZONING LAWS INCH TOWARD HOUSING EQUITY

Will Springer Realtor

The effort was led by lawyer Edward Bassett, who went on to develop freeways and parkways. Constraints on housing creation, especially among so-called starter homes, arguably limit the number of workers who can access high-producing jobs. Zoning laws in the U.S. The benefits of zoning are innumerable.

Law 36
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Affordability Woes Keep King County Housing Activity on Slow Burn

Will Springer Realtor

Home prices and mortgage rates. from April and 13% since the start of the year to $816,750. Median prices were up 2.2% ($905,125) between April and May and 13% YtD in Seattle and unchanged ($1.45M) in May on the Eastside but up 9.8% It’s the bacon and eggs of the housing market – two staples that are often linked to one another.

Buyers 36
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High Financing Hurdles Lead to Low Housing Activity in Seattle/King County

Will Springer Realtor

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. The inability to loosen rates – and therefore reduce monthly payments on future home purchases – has put a stranglehold on sales activity. While there were 5.8% Unlikely. “I

Finance 67
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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. Rainier-esque peak of a decade past! Thank you, Millennials!