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100+ YEARS IN, ZONING LAWS INCH TOWARD HOUSING EQUITY

Will Springer Realtor

Zoning laws in the U.S. The laws also play a role in community planning. The first successful zoning laws were established in 1916 to determine building heights in New York City, soon followed by the zoning of residential and business districts. The laws can be a double-edged sword.

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CITIES FACE DAUNTING OFFICE-VACANCY CHALLENGE

Will Springer Realtor

We’ll have new incentives, and quite frankly, this will inform our budget,” he said. We are charting new territory and success will be measured by creativity and collaboration. Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 The pending law is on the governor’s desk awaiting his signature. Legislation related to transit-oriented development did not pass. Four other residences have traded hands this year and two more are under contract for sale.

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Home Prices Rising Toward Record Highs – Again

Will Springer Realtor

The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4% While that percentage may appear strong, it’s nothing compared to the April-to-May rise of 18%, signaling a probable cooling of new listings in the future. New single-family-home listings rose 3.8%

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HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

We covered this topic of “missing middle” housing last month , and state legislators appear serious about enacting laws that will encourage more building of high-density homes in urban, transit-friendly areas of the state. 1 (210) compared to the start of 2022; a robust 330 homes went under contract last month, a 41% bump from December.

Buyers 36
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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

Most zoning laws grant units up to 1000 sq. Also known as a mother-in-law or cottage, the dwellings can offer viable housing to younger buyers seeking to save for their first home or enable seniors to age within a familiar neighborhood. . >> Seattle received a double dose of bad news on the condo front – and on the same day.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Housing starts – the number of units builders would begin if development kept pace for the next 12 months – increased 19% nationally to a seasonally adjusted annual rate of 1.7 Compare that to the end-April total of 4551 Active listings for the two counties, as well as 0.6 These laws take effect in July. million units.