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Will Springer Realtor - Untitled Article

Will Springer Realtor

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.

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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

ADUs also help local economies by providing housing to people on the lower-to-middle economic scale to live within typically pricy urban areas that are closer to job centers and greater public transportation options. Don’t get me started about Seattle’s design review exercise!) . CONDO NEWS. Kirkland gets it too.

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IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

Construction could start as soon as 2022 on an ambitious three-tower project known as Cloudvue. Buyers will likely snap up any home to be within walking distance of the new transportation hubs. Coincidentally, one of my listings currently is in the UDistrict, three blocks from the rail station. New listings are up 6.3%

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

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. million more home listings across the U.S. >> NAHB reported an estimated 15% of all new-construction home sales in the U.S. We are on the right track.

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PREDICTIONS, PARKING, POLLUTED PIPES

Will Springer Realtor

This dynamic of private vehicle vs. public transportation will play out first in dense areas – like Seattle, Bellevue, Federal Way – and will be interesting to watch. POLLUTED PIPES We cap this month’s news with yet another “P” story. The Eastside led the way with a 33% drop-off in new listings (420) and Seattle fell 31% (586).

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JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

In calling for rezoning laws to accommodate this concept, Gladney identified five keys that communities should keep in mind when designing their 15-minute neighborhood: Think in terms of mixed-use development, such as a blend of housing, commercial usage and small-scale manufacturing. On to new listings, and we start far away.

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