Listing Spark

OCTOBER 13, 2022

What should buyers and sellers be doing right now? How the housing market affects the rest of the economy How to approach the current housing market as a seller Final advice for buyers in the current housing market Are buyers pulling out of contracts at the last minute? How to vet real estate agents as a seller.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

JUNE 9, 2021

Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. The spring season is nearly over and the number of listings hitting the market has already started to decline, a few weeks earlier than most years.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

JUNE 8, 2022

The multi-pronged effort includes legislative and administrative actions to increase the number of affordable units and overall inventory. >> Homeowners are open to space-saving tradeoffs in new construction, with 85% willing to consider island seating over a separate dining space in the kitchen. months, Pierce at 0.8

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

SEPTEMBER 8, 2021

There are no signs of a real estate crisis, particularly in the Puget Sound region, where prices keep rising – up about 20% the past year and 68% in Seattle alone since 2016, by one measure – amid a dearth of inventory and surge of buyers. Active listings as of Sept. A drying up of listings sent inventory figures lower.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”).

Buyers 36

Buyers Development Construction New Listings 36

Will Springer Realtor

APRIL 8, 2021

To help increase affordable housing inventory, lawmakers are reviewing whether to remove requirements that homeowners must live on-site. The image was taken from a drone above The Parc, a condo in Belltown, where I am promoting one of my new listings. month (or 18 days of inventory), down from 0.9 STATE CAPITAL UPDATE.

Inventory 36

Inventory New Listings HOA Buyers 36

Will Springer Realtor

AUGUST 9, 2022

The cities of Seattle and Renton offer pre-approved ADU designs to help streamline the government-approval process which can often be onerous. Don’t get me started about Seattle’s design review exercise!) . Inventories are on the rise, so much so that one area is now considered a buyer’s market. Kirkland gets it too.

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

OCTOBER 8, 2021

To be sure, the market is still leaning heavily in the sellers’ favor and listings are slimmer than a strand of spaghetti. New listings are up 6.3% Condo sales are in a similar boat, with new listings higher – by 4.3% Inventories improved fractionally. 1 vs. Sept. There is now 0.7 months, up from 0.5

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

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% While the number of new listings in June jumped 8.2%

Housing Market 36

Housing Market Marketing Inventory HOA 36

Will Springer Realtor

MAY 9, 2022

>> Insights from 12,000 consumers and over 300 architectural designers show that 51% of residents will work from home in 2022, up from 33% before the pandemic. >> The Puget Sound region suffered from a severe lack of new construction in the decade ending in 2020, according to U.S. a month ago. and Seattle (1.1).

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Architecture Design Buyers Construction 36

Will Springer Realtor

FEBRUARY 9, 2022

People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. HB 1951 would remove “Don’t Know” from the Seller Disclosure Statement that owners complete with the sale of a home. Inventory remains a big concern. months (6 days) of single-family inventory. There are 0.4

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

JULY 9, 2021

In calling for rezoning laws to accommodate this concept, Gladney identified five keys that communities should keep in mind when designing their 15-minute neighborhood: Think in terms of mixed-use development, such as a blend of housing, commercial usage and small-scale manufacturing. Inventory across our area remains extremely low.

Buyers 36

Buyers Development Transportation Inventory 36

Will Springer Realtor

DECEMBER 12, 2023

Inventory continues to shrink to levels not seen since the days of disco, shag carpets and pet rocks. That, in turn, will finally move the market forward with additional sellers and buyers. Only 1513 listings hit the market in the month for all home types, a devastating 30% decline in one month. List price: $8.98M ($1273/sq.

Real Estate 36

Real Estate Buyers Housing Market Law 36

Will Springer Realtor

MAY 12, 2021

>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. Compare that to the end-April total of 4551 Active listings for the two counties, as well as 0.6

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

AUGUST 9, 2021

Some highlights from the Northwest Multiple Listing Service (through July): The combined number of condo, townhome and single-family homes on the market as of Aug. However, we are miles from a balanced market, with King County total active listings still 31% fewer than this time last year. months of inventory available compared with 0.3

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Construction Inventory Property Taxes Development 36