Will Springer Realtor

AUGUST 9, 2021

And, Seattle’s attempt to force building developers to incorporate more affordable homes within their new residential endeavors yielded only 21 units in 2020 out of a swell of 224 construction projects. Developers opted to pay fees to the city totaling $68M instead, funds that help construct affordable homes in other parts of the city.

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

AUGUST 9, 2022

The market recalibration continues across King County with a sharp drop in new listings, Pending sales and closings while prices decline. Inventories are on the rise, so much so that one area is now considered a buyer’s market. The number of new homes for sale fell 19% (4009) across the county from June to July and 9.5%

Inventory 36

Inventory Buyers New Listings Construction 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

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

APRIL 8, 2021

. >> Counting both the demand for single-family and multi-family housing needed to meet current needs (plus factoring in demolished or lost housing), NAR projects we have a backlog in construction of 3.2 million new homes as of the start of this year. month (or 18 days of inventory), down from 0.9 STATE CAPITAL UPDATE.

Inventory 36

Inventory New Listings HOA Buyers 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. Falling new inventory is constraining transaction volumes while also supporting higher home prices. And, opening this year, Graystone.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

OCTOBER 11, 2022

Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. New listings and housing supply are on the rise as buyer activity took a dive in September, based on the latest assessment of data from the Northwest Multiple Listing Service. months’ inventory.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

JANUARY 9, 2024

BY THE NUMBERS >> Seattle metro leads the nation with construction cranes – 45 – according to a Q3 summary from the RLB Crane Index. That includes 36 new cranes since the previous report, and it is more than larger U.S. That includes 36 new cranes since the previous report, and it is more than larger U.S. But by how much?

Mortgage 36

Mortgage Real Estate Law Lending 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. >> 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. million units.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

DECEMBER 12, 2023

Inventory continues to shrink to levels not seen since the days of disco, shag carpets and pet rocks. Amid unusually low inventory and an anticipated growing buyer pool, the median price of a single-family home will climb beyond $1M in Seattle’s summer months. List: $10.25M ($2362/sq. at this time in 2023 (quite optimistic!).

Real Estate 36

Real Estate Buyers Housing Market Law 36

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! Home prices are going to continue to go up until the inventory comes back bit,” said Rick Sharga, EVP at real estate information provider Realty Trac. Looking for selection?

Buyers 36

Buyers Development Transportation Inventory 36