Will Springer Realtor

OCTOBER 11, 2023

The first makes permanent a pandemic-related policy that exempts affordable housing from the design review process. The city expects about eight projects to qualify for the exemption each year, with a total of about 725 units of new housing. Seattle alone saw a 29% (1213) monthly increase in new listings.

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Will Springer Realtor

AUGUST 11, 2023

“The share of first-time buyers has dropped to a 41-year low [26%], the racial divide in homeownership has grown to the widest point in a decade and the share of single women entering [the market] has declined.” New York City saw the most development over the past decade, with 98% of its 242K permits comprised of multi-family units.

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Will Springer Realtor

MAY 13, 2024

Baby Boomers still have a significant impact on various aspects of society, including the housing market, healthcare and the economy. MAY HOUSING UPDATE Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. But for how long? By 2035, they will be between 73 and 91.

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Will Springer Realtor

MAY 9, 2022

just as Google opens another office building in Kirkland and Microsoft expands its 120-structure Redmond campus with plans for 17 new office buildings. All this tech construction gives new meaning to IT architecture! “A The housing market has become bubbly,” said economist Enrique Martinez-Garcia of the Federal Reserve Bank of Dallas.

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Will Springer Realtor

APRIL 8, 2021

Rossell sees this as a case of extreme demand pushing prices into inflationary zones for items ranging from hotel rooms, tickets to theme parks, flights and “all kinds of little weird, funky markets we haven’t even thought of at this point.”. housing markets. The screws are tightening on an already tight housing market.

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Will Springer Realtor

DECEMBER 11, 2022

Some might argue the cold is emanating from the near-frigid Q4 real estate market, knocking the bloom straight off the housing-market rose in our region. This is far beyond a “seasonal norm” and reflects a market correction following two-plus years of pandemic-driven price appreciation. The market had to slow down at some point.

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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!) . What is true is that every time we lean in and face the headwinds of economic weakness the housing market is a welcome refuge.As

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Will Springer Realtor

JULY 13, 2023

We certainly see that in all forms of residential real estate – from new construction to finding items for the home. The brighter news is that labor shortages and supply-chain disruptions are improving but it’s hardly “back to normal.” New single-family-home listings rose 3.8% New single-family-home listings rose 3.8%

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Will Springer Realtor

SEPTEMBER 8, 2021

One of the hottest search phrases on Google today is, “When is the housing market going to crash?”. Not “ Will the housing market crash?” We shared in a previous newsletter the many factors driving our buoyant housing market – and there is no end in sight to home appreciation. Active listings as of Sept. but “When.”.

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Will Springer Realtor

MAY 12, 2021

Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.

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Will Springer Realtor

JUNE 9, 2021

Fast forward to today and markets here and across our nation are going through serious inflationary pressures. Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5 market during the pandemic – and there is great anticipation for strong demand.

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Will Springer Realtor

DECEMBER 12, 2023

= I wrote in this newsletter 12 months ago about the bumpy – maybe even bruising – housing market of 2022 across Puget Sound and most of the country. Ready to complete another year, the residential real estate market has not improved – some might say it got a little worse. at this time in 2023 (quite optimistic!).

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Real Estate Buyers Housing Market Law 36

Will Springer Realtor

JUNE 8, 2022

The pandemic has made attaining ownership more difficult, particularly in housing-starved Seattle (pictured) and across King County where the number of homes on the market (Active listings) has trended lower for most of the past decade-plus. Snohomish County’s Active listings more than doubled – to 1182 – from 500 from a year ago.

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Will Springer Realtor

AUGUST 9, 2021

About 57% of all new housing was classified multifamily (four or more units in one location). A sliver of a silver lining developed in our still-hot housing market, as King County saw more homes for sale at the end of July than 31 days earlier. The number of new listings for all home types (4428) fell 7.8% months (0.6

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Will Springer Realtor

JULY 9, 2021

Others are in pursuit of a tight-knit community that has a market, pharmacy, restaurants, coffee shop – and an amusement ride like our Great Wheel (just kidding!) – within a short drive, transit ride or easy walk. Make sure residents can get to their employer and to a jobs center. They are often surprised by my answer.

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