article thumbnail

Mortgage market affordability and inventory challenges

Housing Wire

In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings. In Seattle, Dan Keller reported 47% of all listings had price reductions. Slow construction and restrictive zoning laws.

Inventory 393
article thumbnail

100+ YEARS IN, ZONING LAWS INCH TOWARD HOUSING EQUITY

Will Springer Realtor

Zoning laws in the U.S. 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. The laws also play a role in community planning. The laws can be a double-edged sword.

Law 36
Insiders

Sign Up for our Newsletter

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

article thumbnail

Raleigh Real Estate Trends + Forecast for 2022

Raleigh Realty

As supply chain issues cause construction material prices to soar, buyers are more likely to consider purchasing a resale home vs. a new construction home. 4,840 new apartments were constructed in Raleigh throughout 2021. Triangle MLS) In Q1 of 2022, prices for construction materials have increased anywhere from 6.2

article thumbnail

CITIES FACE DAUNTING OFFICE-VACANCY CHALLENGE

Will Springer Realtor

Our urban area accounts for about half of the city’s economic activity, and the Seattle Chamber noted that rising office vacancies coupled with less construction could lead to $2B in decreased revenue. We certainly see that in all forms of residential real estate – from new construction to finding items for the home.

article thumbnail

ROOTING HARD FOR LOWER MORTGAGE RATES

Will Springer Realtor

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. Olympia also established a law, effective Jan. That includes 36 new cranes since the previous report, and it is more than larger U.S. Thanks for reading!

article thumbnail

HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). The national trend for new construction, however, is generally moving in the opposite direction. In the 1990s, one-third of new homes were smaller than 1800 sq.

Buyers 36
article thumbnail

Will Springer Realtor - Untitled Article

Will Springer Realtor

The pending law is on the governor’s desk awaiting his signature. Whether it was cutting red tape and construction costs or ensuring our cities allow more affordable options near transit and jobs, these bills, working together, mean more homes, at more affordable prices, in communities all across our state.”