Will Springer Realtor

MAY 13, 2024

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. An annual survey released this month by the Federal Reserve Bank of New York said renters put the probability of ever owning a home at 40%, down from 44% last year.

HOA 36

HOA Transportation Construction Buyers 36

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. Active listings as of Sept. year-on-year.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

FEBRUARY 13, 2024

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. And, despite the rise in new listings, the number of homes still on the market on Feb. fewer (1842) than on Jan. from a year ago. from a year ago. sales since 1995.

New Listings 54

New Listings Buyers Inventory Lending 54

Will Springer Realtor

SEPTEMBER 12, 2023

fewer new listings, the rate of sales rose 1.7% Two data points stood out from the latest report by the Northwest Multiple Listing Service: The aforementioned new listings for all homes in the county – 2684 – is at a low not seen for an August since records were shared with brokers (like me) dating back to the mid-1990s.

Finance 68

Finance Inventory Construction Buyers 68

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. Will Springer, Realtor®. The bar is so low on listings and sales data that one might trip over it. Economists across the U.S.

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

Will Springer Realtor

APRIL 11, 2023

After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

Housing Market 36

Housing Market Marketing Buyers Sellers 36

Will Springer Realtor

JANUARY 9, 2024

The National Association of Realtors® noted an estimated 41% of owners remain in their homes for a duration equal to or exceeding the median tenure of 13 years thanks to today’s higher rates. 1, that requires buyers wishing to work with a licensed real estate broker to sign a services contract. and nearly 90% enjoy rates below 6.0%.

Mortgage 36

Mortgage Real Estate Law Lending 36

Listing Spark

FEBRUARY 7, 2024

5) New construction in Texas surged in 2023 Three major Texas metro areas made the top 10 list of highest new home construction rates in the nation. We didn’t see a wave of panic selling like we did in 2008. People had equity and affordable payments due to low rates, so they just stayed put to wait out the market.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

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 BY THE NUMBERS. >> The average size of a newly constructed single-family home is now 2524 sq.

Architecture 36

Architecture Design Buyers Construction 36

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. County economists forecast a 2024 decline in new construction, slipping to $9.9B

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

AUGUST 9, 2022

Lawrence Yun, chief economist at the National Association of Realtors® said in late July: “There are indications that mortgage rates may be topping or very close to a cyclical high.” 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

OCTOBER 11, 2022

That’s according to a survey of 1,002 Hispanic Americans by The National Association of Realtors®. >> Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. The number of new listings in the previous month and remaining on the market as of Oct.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

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. They have declined for two consecutive months, according to the National Association of Realtors®. million more home listings across the U.S. existing home sales.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

JUNE 9, 2021

Some smaller construction companies are heavily burdened by rising costs for everything from lumber and steel to fuel and labor amid a lack of available employees. One-tenth surveyed said they have added language to contracts that require buyers to share in the materials costs if they continue to rise. >> About 4.4 of the U.S.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

JUNE 8, 2022

They include shortages caused by restrictive zoning that limit the number and type of housing units built on a given parcel, a “not in my backyard” resistance to new construction in traditionally single-family-home neighborhoods, and layers of regulations, processes and fees that dissuade developers from building in certain areas.

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

JULY 9, 2021

“We envision a country where no matter where you live, or who you are, you can enjoy living in a place that is healthy, prosperous and resilient,” Calvin Gladney, CEO of Smart Growth America, told a group of Realtors® in D.C. Constructed for condo living more than a decade ago, the building originally opened as an apartment.

Buyers 36

Buyers Development Transportation Inventory 36