Appraisal Today

MARCH 8, 2024

This outlook implies that 30-year mortgage rates will climb further to around 6.8% – exacerbating affordability headwinds for the housing market, especially for prospective first-time home buyers. Advice for residential real estate appraisers In summary, appraisers must strike a balance in today’s housing market. percent the previous week.

Appraisal 83

Appraisal Contracts Real Estate Housing Market 83

Will Springer Realtor

AUGUST 11, 2023

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. An index score of 100 means that a buyer with a median U.S. The national trend for new construction, however, is generally moving in the opposite direction.

Buyers 36

Buyers Development Construction New Listings 36

Housing Wire

NOVEMBER 16, 2023

New findings from the National Association of Realtors (NAR) show a fresh picture of who’s buying and selling homes, with more first-time buyers entering the market and families looking for homes that fit multiple generations. Advertising on Zillow can put your brand in front of millions of potential buyers and sellers.

Real Estate 402

Real Estate Marketing Real Estate Agent Tools 402

Will Springer Realtor

MARCH 10, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. at the Estates, which will share space with a new InterContinental Hotel. 1-story, mid-century modern home with basement.

Construction 36

Construction Modernization Buyers Inspection 36

Will Springer Realtor

MAY 13, 2024

Sellers accused NAR and other defendants of unlawfully inflating compensation paid to agents to bring financially qualified buyers to homes.Potential members of the class action can send objections or comments about the settlement to the court. With the settlement, a wave of new listings hit the market in the past several weeks.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

JANUARY 9, 2024

It’s a positive shift that could soon reshape the landscape of the housing market, offering hope and opportunities for those eager to embark on a new homeownership journey. 1, that requires buyers wishing to work with a licensed real estate broker to sign a services contract. List price: $6.499M ($1161/sq.

Mortgage 36

Mortgage Real Estate Law Lending 36

Will Springer Realtor

OCTOBER 11, 2023

This is the season when buyers can take advantage of homeowners wishing to sell before the holidays and who show a willingness to budge on price or make other concessions. We are starting to see all those signs following the release of September housing data from the Northwest Multiple Listing Service (MLS). This 3-bed, 2.5-bath

Law 36

Law Development Design Government 36

Will Springer Realtor

MAY 9, 2023

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. The figure was 37% lower than a year ago and, for context, the five-year average of new listings for the month just before the pandemic began was 4021.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

DECEMBER 11, 2022

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. The number of active King County listings, as of Dec. 1, was about 17% lower than Nov.

Inventory 36

Inventory Construction Supply Chain Buyers 36

Will Springer Realtor

OCTOBER 11, 2022

At least buyers will have more options and time to weigh their decision to purchase a home – but at what cost to the bottom line? The next 12-24 months are likely going to be quite a challenge for prospective buyers. >> About six out of 10 Hispanic American buyers are searching for their first home, nearly double the U.S.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

SEPTEMBER 12, 2023

A modern version of the regrade is taking place along the downtown waterfront (pictured above) with the addition of Overlook Walk, a breathtaking pedestrian bridge and viewing deck that will soon connect with Pike Place Market and other attractions in downtown. Only buyers and sellers who must move are doing so. While there were 5.8%

Sellers 36

Sellers Development Retail Real Estate 36

Will Springer Realtor

APRIL 8, 2021

More buyers are making larger down payments. Buyers in the U.S. >> Through February, the number of existing home listings across the U.S. offers made on every sold home in February, NAR reported, and properties across the nation are currently finding a buyer in a record-low 20 days on average. >>

Inventory 36

Inventory New Listings HOA Buyers 36

Will Springer Realtor

MAY 9, 2022

That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. Sidenote: Adjustable-rate mortgages (ARMs), which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for new buyers financing a home.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

JULY 8, 2022

Even stock investments, the source of many down payments for buyers, have taken a heavy blow. Any prospective home buyer working outside the tech sector may be watching from the sidelines until the economy becomes less volatile. FOR FIRST-TIME BUYERS, NOW WHAT? The portion of first-time buyers among the pool of U.S.

Housing Market 36

Housing Market Marketing Inventory HOA 36

Will Springer Realtor

AUGUST 9, 2022

Also known as a mother-in-law or cottage, the dwellings can offer viable housing to younger buyers seeking to save for their first home or enable seniors to age within a familiar neighborhood. The market recalibration continues across King County with a sharp drop in new listings, Pending sales and closings while prices decline.

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

SEPTEMBER 8, 2021

The Institute outlined four ways innovative builders could accommodate the emerging buyer wants: Immersion into nature. Here’s a negotiating tactic that you may not have thought of: Sellers who “spy” on buyers when they are visiting the home. Those surveyed said they wanted to listen in on what buyers do and don’t like about the homes.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

JULY 13, 2023

JULY HOUSING UPDATE The Seattle/King County housing market inched forward – and a little sideways – as the number of new and unsold listings continued to expand in June while fresh signs of a slowdown approached. Home prices continued to confound buyers by climbing toward record highs as summer began. List: $6.895M ($1556/sq.

Construction 36

Construction Supply Chain Real Estate Development 36

Will Springer Realtor

DECEMBER 12, 2023

Prospective buyers this year have mostly watched the housing market pass from the sidelines. That, in turn, will finally move the market forward with additional sellers and buyers. Prices, sadly for buyers, will likely continue their trend higher. at this time in 2023 (quite optimistic!).

Real Estate 36

Real Estate Buyers Housing Market Law 36

Will Springer Realtor

JUNE 9, 2021

Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. 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 range won’t last forever.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

JUNE 8, 2022

As home prices surge and people delay – or forgo – nuptials, buyers are pooling their finances with unmarried partners, roommates or friends to purchase a place. >> Since 1980, cash buyers paid about 11% less on a home than those using a mortgage, according to a study from researchers at the University of California-San Diego.

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

AUGUST 9, 2021

The Biden administration’s $2T infrastructure plan includes $213B allocated for housing, with a focus on low- and middle-income homeowners and potential buyers. Both are welcome signs for buyers but they should not be interpreted as a trend. The number of new listings for all home types (4428) fell 7.8% There is 1.1

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

JULY 9, 2021

In addition to “more space,” prospective buyers were on the hunt for a quiet location (28%) and updated kitchen (25%), as the chart notes. While most buyers focus on the standards of kitchens and bathrooms, research shows the best ROI is from replacing the garage door. THE ROI OF HOME RENOVATION. They are often surprised by my answer.

Buyers 36

Buyers Development Transportation Inventory 36