article thumbnail

Affordability boosts Indianapolis housing market 

Housing Wire

Indianapolis, which had 880,600 residents as of July 2022, offers a very strong and steady real estate market that attracts buyers looking for a more affordable lifestyle. In 2024, she is optimistic that sellers will sell and more buyers will come to the market, as there is a big pent-up demand.

article thumbnail

Can we still avoid a recession?

Housing Wire

In addition, prices paid for transportation of products from China to the U.S. Now, this stressful aspect of transportation costs is gone and the fear of a downturn in the freight industry is taking hold. However, the biggest component of inflation isn’t the transportation cost of goods from China to the U.S.,

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

In turn, builders are offering concessions, such as offering lower-priced products and less costly features, in hopes of luring in buyers to the market, the report noted. New York – The residential sales and rental markets showed further signs of cooling in late 2022. However, housing affordability worsened.

Inventory 402
article thumbnail

Will Springer Realtor - Untitled Article

Will Springer Realtor

Government planners in our four-county region have until the end of this year to revise and then implement by mid-2025 their Comprehensive Plans for growth management to provide adequate space for housing, transportation and services (among many other aspects) to all its residents for the next 20 years. The listing video is mesmerizing.

HOA 36
article thumbnail

SEATTLE ‘WALKING’ TOWARDS URBAN CONNECTEDNESS

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 few homes that are available are selling quickly and at or above list price.” fewer new listings, the number of sales rose 1.7% While there were 5.8%

Sellers 36
article thumbnail

IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

I also heard the same question from buyers this year. While early to mid-spring was frenzied – featuring waves of cash-carrying buyers with their contingency-absent offers – the housing environment settled down to a somewhat civilized pace by September and likely for the next few months. And that answer appears to be “yes.”

article thumbnail

A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

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.