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

Housing Wire

Available home inventory has remained low since the previous Federal Reserve Beige Book report, which was released in November 2022, as many sellers decided not to list — affecting the New York and Boston districts in particular. However, sellers were offering more concessions to complete transactions.

Inventory 375
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Will Springer Realtor - Untitled Article

Will Springer Realtor

Government planners in our four-county region have until the end of this year to revise and then implement by mid-2025 their Comprehensive Plans for growth management to provide adequate space for housing, transportation and services (among many other aspects) to all its residents for the next 20 years. Prices rose, too, to near-record highs.

HOA 36
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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. bath , 4522 sq.

Buyers 36
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IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

To be sure, the market is still leaning heavily in the sellers’ favor and listings are slimmer than a strand of spaghetti. Buyers will likely snap up any home to be within walking distance of the new transportation hubs. Coincidentally, one of my listings currently is in the UDistrict, three blocks from the rail station.

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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

ADUs also help local economies by providing housing to people on the lower-to-middle economic scale to live within typically pricy urban areas that are closer to job centers and greater public transportation options. The number of new homes for sale fell 19% (4009) across the county from June to July and 9.5% year-on-year (YoY).

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

The county saw new listings and end-month Active listings rise but Pending sales slip, suggesting buyers are no longer snatching every listing on the Northwest MLS as they become available. Listed at $1,995,000 ($725/sq. Sellers typically ask for back-up buyers. The sellers are asking for $2.1M ($472/sq.