Will Springer Realtor

AUGUST 11, 2023

Is the dream of homeownership going the way of the dodo? Click to expand any image or graphic from my newsletters and blog posts.) In 2022, the index fell off the cliff: Homeownership remains a great way to build wealth, especially for the middle class and people of color, who may have few investments. Forget saving for a home.

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Will Springer Realtor

JUNE 13, 2023

Unfortunately for buyers, both figures – prices and rates – are climbing, raising the hurdle to homeownership even higher for many. Price appreciation is more extreme for single-family homes across our county. The figures are down a smidge further in the single-family category. Single-family home prices in King jumped 4.0%

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Will Springer Realtor

SEPTEMBER 8, 2021

They informed shareholders of a 23% year-on-year increase of land purchases and about a 30% boost in single-family permits across the U.S. It is developing several single-family and multifamily communities in King and Snohomish counties. Builders began construction on just under a million single-family homes in 2020.

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Will Springer Realtor

DECEMBER 13, 2022

14 – after the publication of this blog post – when it will likely announce another rate rise.). My blog post on how mortgage rates are set is a good side topic.). Locally, permits for single- and multi-family home construction are down about 20% from this time last year. (The Fed board was scheduled to meet on Dec.

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Will Springer Realtor

AUGUST 9, 2022

Most of us tend to understand the need to improve our housing shortage, with one recent quality-of-life survey of 700 Seattle registered voters in favor of policy changes: Local governments are finally acting. home sales in Q1 were fix-and-flips of single-family and condo homes, according to ATTOM Data Solutions. of all U.S.

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Will Springer Realtor

JUNE 8, 2022

homeownership rate, stuck at about 65% for a half-century? Owning a home is the primary mechanism for typical households – whether comprised of single/married, gay/straight people – to build wealth for retirement. Efforts over many decades to steadily increase homeownership have failed. What is the answer?

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Will Springer Realtor

JANUARY 7, 2022

Amid a shortage of homes for sale, prices will continue to rise – likely by about 5% for all home types combined in King County and about 9% for single-family homes. Single-family-home price appreciation is even more pronounced in pockets of the Eastside. Plus, John L. Scott produced its forecast report for King County.

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Will Springer Realtor

JUNE 7, 2022

The Gallup survey said that 20% of all Gen Z people report being part of the LGBTQ+ community. In a survey of its members, the alliance reported nearly 20% experienced high levels of unconscious bias within their local real estate industry. Gallup shared that the number of U.S. But there is still a high volume of discrimination.”

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Will Springer Realtor

NOVEMBER 10, 2023

Roughly 84% of newly built, single-family homes sold in 2022 were part of an association, according to U.S. A third of those builders offering the promotion are giving full-term buydowns, according to a recent survey by John Burns Research and Consulting. Census data. The figure was 70% only 10 years ago. CoworkingCafe ranked U.S.

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HOA Buyers Law Supply Chain 36

Will Springer Realtor

AUGUST 9, 2021

I have covered this topic both within the newsletter and on my blog and hear from people in real estate about their frustration over the lack of significant action. The report also noted 3% of Seattle listings are at or above $3M and 1% are above $5M in the city, which had a median home price of $857,000 at the time of the survey. >>

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Will Springer Realtor

JUNE 9, 2023

If we’re right about this, it means fixing this one – admittedly massive – challenge could make our lives much better than we realize by lowering the entry to homeownership for many, thus providing access to better jobs via improved commuting distances and a more cohesive community. The long-range outlook is hopeful and optimistic.

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Will Springer Realtor

JULY 9, 2021

In last month’s newsletter , I shared eye-opening stats from a survey of 5,000 U.S. The National Association of Realtors® recently announced a new partnership with the LGBTQ+ Real Estate Alliance, a nonprofit that promotes homeownership and advocates for greater equality in housing. increase in single-family permits over 2019. >>

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Will Springer Realtor

MARCH 11, 2024

A survey revealed that nine in 10 consumers are anxious about escalating homeowners insurance costs, with 27% contemplating relocation to escape the financial strain. The economy does what it’s going to do and it is much bigger than any single actor,” Rossell said. Next month, we will look at single-family-home prices by city.

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