Housing Wire

NOVEMBER 29, 2023

Snatching up first-time homebuyers is akin to striking gold — since developing a relationship with them can mean a loyal client for life. Your approach to connecting with buyers should be as diverse and dynamic as the market itself, adapting to changes and embracing new technologies.

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Will Springer Realtor

APRIL 9, 2024

It was particularly true on the Eastside, where sales surged 52% from February to March and 9% year-on-year (YoY) and inventory narrowed to under a month (29 days) before all homes for sale would theoretically be under contract if no others hit the market. However, we are missing the typical boost of sellers.

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Hank Miller Team

JANUARY 9, 2024

We can however, develop supported opinions by combining recent data, extensive local experience and cautious interpretation of the variables mentioned above. Number of Homes in Greater Atlanta Listings typically trail contracts and closings, that's clear as listings ballooned as rates jumped. They cannot.

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Will Springer Realtor

DECEMBER 12, 2023

The Eastside led the way with a 33% drop-off in new listings (420) and Seattle fell 31% (586). By comparison, there were exactly 2900 new listings across our county in November 20 years ago. Notably, the Eastside saw a 25% decline in Pending sales (homes under contract) but are still 9.2% higher YoY.

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Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. Lowest number homes listed in recorded history, decreased by 15.1% Consequently, we’re witnessing the lowest number of new listings since 2000.

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Empire Appraisal Group

MARCH 16, 2023

Houses received multiple strong offers soon after a house went on the market, often going under contract within a matter of days. Over time, as more houses closed at higher prices, comps continued to support atypical list prices. Sellers were uniquely positioned to make out handsomely.

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Eppraisal

NOVEMBER 2, 2021

They should know which subdivisions, developments or specific areas are selling quickly and which ones are not. Contract and Negotiation Skills It's key that your buyer's agent is able to write a real estate contract well. Most contracts are written by attorneys and agents fill in the blanks.

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Will Springer Realtor

AUGUST 15, 2023

The season has been shaped by slumping new listings, a slowly climbing number of homes sitting on the market from previous months, fewer closed sales compared to last year and prices moving plus/minus five percentage points year-on-year (YoY). monthly decline in available Seattle listings (793). The county saw a 4.9% drop (542).

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Birmingham Appraisal

JUNE 1, 2022

If financing were not an issue, and the buyer couldn’t care less about how their contract price compared to other similar properties, it would just be a matter of connecting the buyer with the seller and signing on the dotted line, but life isn’t always so easy. Of course, we may start to see less of this as interest rates rise.

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Appraisal Today

AUGUST 25, 2023

To read more and lots of interesting photos click here == RPR® Backs Up MLSs During Vendor Outage (From NAR) August 17, 2023 Excerpts: In markets affected by the cyberattack on MLS vendor Rapattoni, NAR members have another way to access listing data: RPR®. But the MLS is also finding new benefits in its partnership with RPR®.

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Listing Spark

SEPTEMBER 25, 2023

Fewer New Listings The number of new listings hitting the markets has continued to fall, mainly because a substantial segment of the market that was both buying and selling has essentially disappeared. Staying informed about price adjustments and properties going under contract within your market is essential.

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Will Springer Realtor

MAY 13, 2024

Even with aggressive changes to state and local zoning and fewer obstacles for building developers, the highly regarded Urban Institute estimates that by 2044 the Puget Sound region will be 140K homes shy of real demand. About three-quarters of the 459 residences are under contract with a target opening late this year.

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Will Springer Realtor

SEPTEMBER 12, 2023

fewer new listings, the rate of sales rose 1.7% Two data points stood out from the latest report by the Northwest Multiple Listing Service: The aforementioned new listings for all homes in the county – 2684 – is at a low not seen for an August since records were shared with brokers (like me) dating back to the mid-1990s.

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Will Springer Realtor

JANUARY 11, 2023

The number of new listings for all home types – single-family, townhomes and condos combined – in King (887) fell 47% from November and declined 36% from December 2021. Homes going under contract (Pending sales) dropped 25% from the previous month and 30% year-on-year (YoY) – staggering drop-offs. .

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Will Springer Realtor

OCTOBER 10, 2023

First a look at September’s numbers: A wave of last-chance listings for the year hit the market after Labor Day. That increased new listings by 7.5% (2884) and available homes on the market by 12% (3602) between Sept. Seattle alone saw a 29% (1213) monthly increase in new listings. 1 and Oct. on the year.

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Will Springer Realtor

DECEMBER 11, 2022

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. A little more than a third of inventory is under contract. Prices declined 5.4%

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Will Springer Realtor

JULY 11, 2023

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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Will Springer Realtor

OCTOBER 11, 2023

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 effort was led by lawyer Edward Bassett, who went on to develop freeways and parkways. Seattle alone saw a 29% (1213) monthly increase in new listings.

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Will Springer Realtor

MAY 9, 2022

While these are promising developments, there will always be the affordability question. That includes 621 fewer Pending contracts in April 2022 than the previous April, as the net number of new listings remains on average lower than in years past. CONDO NEWS. List price: $3.495M ($782/sq. bath , 6920 sq.

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Will Springer Realtor

JUNE 8, 2022

Well, I am only a single real estate professional with one opinion but, for me, the solution includes enacting a blend of corporate and federal dollars toward incentivizing the development of affordable for-purchase housing that targets under-served communities whose residents would otherwise find homeownership difficult to achieve.

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PennyMac

JULY 20, 2021

Find an agent who really understands the different contracts you need and how to properly fill them out, the legal obligations you’ll run into, and the financial side of the business. Understanding unique issues like the schools, historic district designations, development plans, and even traffic patterns is essential.

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Will Springer Realtor

JULY 13, 2023

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

JUNE 9, 2021

One aspect of rising housing prices is ballooning materials costs for new home builders. You have read here before how lumber prices have soared about 250% in the past year, prompting real concern among developers who are seeing profits dwindle. The average King County single-family listing sold in May 9.5% months (from 0.7)

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Will Springer Realtor

JUNE 13, 2023

It’s true, there is a welcome increase in new listings from month to month – up 18% across all home types in King from April and 19% higher for the single-family-home category – but isn’t that what you would expect in the typically busiest periods of the housing season? The share of U.S. builders offering incentives in May was 54%.

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Will Springer Realtor

AUGUST 9, 2022

. >> The City of Seattle includes about 375,000 homes and estimates it needs to build 152,000 market-rate units by 2045 to catch up with the city’s growing population, according to the Office of Planning and Community Development. The number of new homes for sale fell 19% (4009) across the county from June to July and 9.5%

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Will Springer Realtor

MAY 9, 2023

month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Legislation related to transit-oriented development did not pass. Except for the pandemic year of 2020, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available.

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Will Springer Realtor

SEPTEMBER 8, 2021

It is developing several single-family and multifamily communities in King and Snohomish counties. The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. ” Forward-thinking developers will go beyond trails and lap pools, “which have become ordinary,” suggests the experts from Burns.

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Will Springer Realtor

JULY 9, 2021

Urban planners have a name for it: the 15-minute neighborhood and it is already in development in parts of the country, including Seattle. Where would you like to see this type of neighborhood development? Canadian developer Westbank is on point for the residential project, its third underway in the city. Send me a message.

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Will Springer Realtor

FEBRUARY 9, 2022

The House version, HB 1782 , is backed by developer and Realtor® lobbyists, Habitat for Humanity and environmental groups, according to The Seattle Times. For example, Seattle enjoyed a 125% month-to-month surge in new listings in January (308) but experienced a 15% decline in active listings on Feb. CONDO NEWS.

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Will Springer Realtor

OCTOBER 11, 2022

People love experiences to fill their memory bank and social media feed – and real estate developers are listening. Residents want to enjoy memorable moments within their community, according to research from The New Homes Trends Institute. The number of new listings in the previous month and remaining on the market as of Oct.

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Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. While the number of new listings in June jumped 8.2% The fresh data show a clear slowing of the housing market. since May and down 22% YoY.

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Will Springer Realtor

OCTOBER 8, 2021

As part of the project, developers are sketching out plans for a pair of office towers at least 41 stories tall on a 4.6-acre New listings are up 6.3% Condo sales are in a similar boat, with new listings higher – by 4.3% across King and up 17% in Seattle and the Eastside – while active listings are falling 3.3%

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Will Springer Realtor

MAY 12, 2021

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 Another issue: New condo buyers must declare in writing at closing how they intend to use the home – as a primary or secondary residence or as a rental property.

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