Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. If there is a silver lining for those in the market for a home, it’s that prices should fall as demand eases. housing market is experiencing a price “correction,” defined as a 10% price drop from its most recent peak.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

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

AUGUST 11, 2023

“The share of first-time buyers has dropped to a 41-year low [26%], the racial divide in homeownership has grown to the widest point in a decade and the share of single women entering [the market] has declined.” The national trend for new construction, however, is generally moving in the opposite direction.

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Buyers Development Construction New Listings 36

Will Springer Realtor

JULY 13, 2023

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.

Construction 36

Construction Supply Chain Real Estate Development 36

Will Springer Realtor

JANUARY 9, 2024

Harvard researchers suggest that this reduced household mobility can lead to inefficiencies in the labor market, hindering Americans from relocating to more productive or high-demand areas. BY THE NUMBERS >> Seattle metro leads the nation with construction cranes – 45 – according to a Q3 summary from the RLB Crane Index.

Mortgage 36

Mortgage Real Estate Law Lending 36

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. The city expects about eight projects to qualify for the exemption each year, with a total of about 725 units of new housing. . = Zoning laws in the U.S.

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Law Development Design Government 36

Will Springer Realtor

SEPTEMBER 12, 2023

A modern version of the regrade is taking place along the downtown waterfront (pictured above) with the addition of Overlook Walk, a breathtaking pedestrian bridge and viewing deck that will soon connect with Pike Place Market and other attractions in downtown. topped the list. fewer new listings, the number of sales rose 1.7%

Sellers 36

Sellers Development Retail Real Estate 36

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. This is far beyond a “seasonal norm” and reflects a market correction following two-plus years of pandemic-driven price appreciation. The market had to slow down at some point.

Inventory 36

Inventory Construction Supply Chain Buyers 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 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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Architecture Design Buyers Construction 36

Will Springer Realtor

APRIL 8, 2021

Rossell sees this as a case of extreme demand pushing prices into inflationary zones for items ranging from hotel rooms, tickets to theme parks, flights and “all kinds of little weird, funky markets we haven’t even thought of at this point.”. housing markets. million new homes as of the start of this year. Take gas for the car.

Inventory 36

Inventory New Listings HOA Buyers 36

Will Springer Realtor

AUGUST 9, 2022

What is true is that every time we lean in and face the headwinds of economic weakness the housing market is a welcome refuge.As cities to determine the fastest-rising housing markets and two in our area ranked in the Top 25. Inventories are on the rise, so much so that one area is now considered a buyer’s market.

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

MAY 12, 2021

Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

JUNE 9, 2021

Fast forward to today and markets here and across our nation are going through serious inflationary pressures. Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5 market during the pandemic – and there is great anticipation for strong demand.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

DECEMBER 12, 2023

= I wrote in this newsletter 12 months ago about the bumpy – maybe even bruising – housing market of 2022 across Puget Sound and most of the country. Ready to complete another year, the residential real estate market has not improved – some might say it got a little worse. at this time in 2023 (quite optimistic!). San Jose, Calif.,

Real Estate 36

Real Estate Buyers Housing Market Law 36

Will Springer Realtor

JUNE 8, 2022

The pandemic has made attaining ownership more difficult, particularly in housing-starved Seattle (pictured) and across King County where the number of homes on the market (Active listings) has trended lower for most of the past decade-plus. With scarcity comes price appreciation. BY THE NUMBERS. >> JUNE HOUSING UPDATE.

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Design Construction Development Property Taxes 36

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.

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Construction Inventory Property Taxes Development 36

Will Springer Realtor

JULY 9, 2021

Others are in pursuit of a tight-knit community that has a market, pharmacy, restaurants, coffee shop – and an amusement ride like our Great Wheel (just kidding!) – within a short drive, transit ride or easy walk. They are often surprised by my answer. My information is based on an annual report from Hanley Wood, a D.C.-based households.

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Buyers Development Transportation Inventory 36