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Opinion: More can be done to shorten the average time to close

Housing Wire

In fact, if you were to describe the home-buying experience solely upon the things we see in advertisements, the home-buying process would end with the sales contract, and all parties would merrily proceed directly to the handing over of the keys. Dealing with the HOA—a nightmare for all parties involved.

HOA 417
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Opinion: More should be done to shorten the average time to close

Housing Wire

In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing over of the keys. There’s no easy-to-access resource advising how to communicate with every HOA or property management firm.

HOA 402
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HOMEOWNERS ASSOCIATIONS AND FAIR HOUSING RISKS

Will Springer Realtor

That’s the fourth-highest number of residents of any state and it’s only expected to grow as HOAs become increasingly common. We can look back to post-World War II when HOAs helped to create the initial segregation of the suburbs with planned developments – such as Levittown in New York – and gated communities. Census data.

HOA 36
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Will Springer Realtor - Untitled Article

Will Springer Realtor

Every key data point from the Northwest Multiple Listing Service (MLS) gained ground against the previous month – as often happens with the spring housing season taking stride – including the number of new and active listings, homes going under contract and final sales. Prices rose, too, to near-record highs. Please wear soft-soled shoes.

HOA 36
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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

The number of new and active listings (still on the market on May 1) is trending higher in King month-to-month, but since June 2021 Pending sales (homes going under contract) for all residential units in the county have declined compared to the same month the year before. UPDATE: This home is now under contract, pending inspection.

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RISING INFLATION, RATES TRIP UP HOUSING MARKET

Will Springer Realtor

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. LUXURY LIVING King County is well known for its amazing mid-century modern homes. This modern Medina masterpiece can be yours for $10.75M ($1615/sq.

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PARKING AND THE IMPACT ON CLIMATE CHANGE

Will Springer Realtor

Interior work continues on lower floors and the sales team expects to begin closing on contracts within the month. Update: As we prepared to publish this month’s newsletter, the union representing some 300 concrete workers in our area agreed to return to work without a new contract. That is where you will find a 5-bedroom, 5.5-bath