Housing Wire

JUNE 21, 2021

“I never know how my day is going to go, because when a new listing comes on the market in Knoxville, the race is on. You set your appointments the night before, and when you get there that morning, they might already be under contract.” Generally, they go under contract in a day or two.”

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Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

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Listing Spark

FEBRUARY 7, 2024

As we enter into 2024, we are stepping out of one of the most turbulent years for real estate in Texas in some time. In this article, we will recap what exactly happened to the real estate market in Texas last year and discuss some predictions for the rest of this year. Some markets were affected more than others.

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Housing Wire

JANUARY 19, 2024

Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. This is why the Altos Research numbers we cite are always smaller than the NAR numbers, which accounts for all home types and those in contract.

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Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. There are no signs of any surge in listings, and as a result we’ve seen a floor on home prices. New contracts dipped as affordability is out of reach for so many. housing market now. This week continues that trend.

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Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. Buyers and sellers tiptoed through caution. a year ago.

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Housing Wire

FEBRUARY 25, 2021

All four areas saw contract transactions increase from a year-over-year standpoint. Realtor.com’s Housing Market Recovery Index showed yet another month of significant contract growth, especially in Austin, San Antonio, Denver and Sacramento. Making housing more affordable by bridging the affordable supply gap.

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Will Springer Realtor

OCTOBER 8, 2021

Puget Sound Business Journal this month described Bellevue’s real estate market as “arguably the West Coast’s hottest.”. We already anticipate 25,000 new Amazon employees to be based in Bellevue within a few years, but nearly every week a company is announcing the addition of 500 workers here or 1500 workers there. “We

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Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

MAY 13, 2024

A year later, the same real estate consultancy estimates the number has expanded to 2.1M, a jump of 24%. Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. We are now experiencing historic shortages. shy of the need.

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Will Springer Realtor

SEPTEMBER 8, 2021

Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. And many of the new projects are larger than in years past. Builders began construction on just under a million single-family homes in 2020. real estate sales from international buyers.

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Will Springer Realtor

FEBRUARY 13, 2024

The final months of 2023 were among the quietest periods in recent memory for residential real estate amid a slow year overall. We know buyers are eager to purchase properties, as 39% more homes went under contract in January (1719 units) compared with the previous – admittedly quiet – month. fewer (1842) than on Jan.

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Will Springer Realtor

MAY 12, 2021

Now, home builders would need to construct as many as 1.2 This was the fastest pace for combined single-family and multi-family construction since June 2006. >> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. million more home listings across the U.S. this year. >>

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Will Springer Realtor

JULY 13, 2023

“Workers are in the driver’s seat now because they are in such short supply,” said Rossell, speaking to an international group of real estate professionals. Rossell also expects “significant” losses to occur for commercial real estate holders and that the issue of low office vacancies could drag on for decades.

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Will Springer Realtor

SEPTEMBER 12, 2023

There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% Every month, the number of permits authorized to erect new single-family homes has gone up.

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Will Springer Realtor

JANUARY 9, 2024

NEW LAWS AFFECT HOME BUYERS Washington lawmakers last year set out to make our corner of the country one of the most consumer-friendly real estate environments anywhere. 1, that requires buyers wishing to work with a licensed real estate broker to sign a services contract. But by how much?

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Will Springer Realtor

MAY 9, 2023

month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Compounding the demand is a consumer public determined to stay put for several more years rather than dive into a real estate market clouded by higher interest rates. Kitchen and bath professionals are reporting 3.9-month

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Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

JANUARY 10, 2023

The article will include the latest monthly data from the Northwest Multiple Listing Service, analysis from national and local experts and a glimpse ahead at what to expect in the coming weeks. Homes going under contract (Pending sales) dropped 25% from the previous month and by 30% year-on-year (YoY) – staggering drop-offs.

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Will Springer Realtor

JANUARY 11, 2023

December is typically the slowest time of year for local residential real estate sales, but the final few weeks capped what turned into the slowest year in a decade for the purchase and sale of homes across King County. JANUARY HOUSING UPDATE. The Northwest MLS monthly housing report described it best: “December ends with a ‘whimper’”.

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Will Springer Realtor

DECEMBER 11, 2022

Some might argue the cold is emanating from the near-frigid Q4 real estate market, knocking the bloom straight off the housing-market rose in our region. There is definitely a belief that home prices will go down,” noted Ali Wolf, chief economist for real estate consultancy Zonda. since October to $817.5K. LUXURY LIVING.

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Will Springer Realtor

APRIL 11, 2023

The signs are generally pointing in the right direction for our local (and national) residential real estate scene, but it is taking more time than usual to turn a cruise-ship-sized sector around without leaving damage in its wake. Let me know if you would like to begin receiving customized summaries via email.

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Housing Market Marketing Buyers Sellers 36

Will Springer Realtor

JUNE 13, 2023

These are the two most frequently discussed items by both the people working in residential real estate and the customers and clients they serve. Supply of resale housing (as opposed to new construction) is shrinking across our region. Interestingly, a higher proportion of home sales are now coming from new construction.

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Will Springer Realtor

JULY 11, 2023

The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4% While that percentage may appear strong, it’s nothing compared to the April-to-May rise of 18%, signaling a probable cooling of new listings in the future. New single-family-home listings rose 3.8%

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Will Springer Realtor

MARCH 14, 2023

Today, real estate is ‘nobody’s market,’” notes realtor.com’s chief economist Danielle Hale. Desirable areas, good school districts and good quality homes are still going to sell well and [still] face bidding wars,” says Ali Wolf, chief economist at real estate consultancy Zonda. But that’s not going to be the norm.”

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Will Springer Realtor

OCTOBER 11, 2022

The Fed is determined to cool inflation, and they’re willing to throw housing under the bus to do so,” Devyn Backman, senior researcher at John Burns Real Estate Consulting, told realtor.com. People love experiences to fill their memory bank and social media feed – and real estate developers are listening. Dining out.

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Will Springer Realtor

MAY 9, 2022

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 He was one of the authors of a recent report that found signs of a housing bubble in the real estate market.

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Will Springer Realtor

FEBRUARY 14, 2023

The first month of the year in residential real estate is typically one of resetting and preparing for the spring rush, which can start as early as February (despite the groundhog’s forecast of six more weeks of winter). ” Economists and real estate geeks like me look for any signs that may raise hope.

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Will Springer Realtor

OCTOBER 11, 2023

Suburban residents can be almost assured of the peaceful enjoyment of their home without worrying about a neighbor constructing a rollercoaster or baseball stadium next door. >> Seattle remains a top destination for technology talent, according to a report from global real estate services firm CBRE.

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Will Springer Realtor

AUGUST 9, 2022

A climate-risk assessment published by the Risky Business Project estimated that between $66B and $160B worth of real estate will be below sea level by 2050. The market recalibration continues across King County with a sharp drop in new listings, Pending sales and closings while prices decline. of all U.S.

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Will Springer Realtor

JUNE 9, 2021

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. The problem is very real here in our region. million people work in residential construction, or about 2.8% of the U.S.

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Will Springer Realtor

JUNE 8, 2022

Well, I am only a single real estate professional with one opinion but, for me, the solution includes enacting a blend of corporate and federal dollars toward incentivizing the development of affordable for-purchase housing that targets under-served communities whose residents would otherwise find homeownership difficult to achieve.

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Will Springer Realtor

JULY 9, 2021

A new door improves curb appeal, adds modern technology to the house and, based on my observations, doesn’t make as much noise as older models! based real estate research and publishing firm. Construction is underway on the 48-story, 459-unit, ultra-luxe residence with about 70% of inventory presold (minimum 5% down at signing).

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