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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 428
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SEATTLE ‘WALKING’ TOWARDS URBAN CONNECTEDNESS

Will Springer Realtor

A concrete and steel cover connecting First Hill to downtown, for example, would reduce traffic noise, potentially add more parkland and encourage construction of new housing. The few homes that are available are selling quickly and at or above list price.” fewer new listings, the number of sales rose 1.7%

Sellers 36
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Will Springer Realtor - Untitled Article

Will Springer Realtor

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.” Homelessness, crime and fewer retailers prompted people to avoid the business district for years.

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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

Create options for multiple modes of transport – bikes, cars and transit should all be factored in. David Goldberg, chair of the Land Use & Transportation Committee of the Seattle Planning Commission, is helping to lead the city’s own 15-minute neighborhood. On to new listings, and we start far away. below the $7.2M

Buyers 36