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With low inventory, house hunters are in full safari mode

Housing Wire

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. The perplexing part: Why are home prices not declining in this environment? through the first quarter of 2024.”

Inventory 452
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How to Check for Flood Risk During Home Buying

Will Springer Realtor

The Flood Factor rating system, developed by the nonprofit First Street Foundation, works on a 1-10 scale: 1 — minimal risk 2 — minor risk 3 to 4 — moderate risk 5 to 6 — major risk 7 to 8 — severe risk 9+ — extreme risk The consumer-friendly Flood Factor site , recently renamed to Risk Factor, lets you search by property address.

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3 things you need to know if you’re considering an ADU

Housing Wire

What are the zoning laws in my locality? Some municipalities have mandates in place to ensure that connection and utility fees remain reasonable, so as not to discourage the development of ADUs. Therefore, with the exception of tiny homes on wheels, the ADU would be sold as part of the property.

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PARKING AND THE IMPACT ON CLIMATE CHANGE

Will Springer Realtor

With each stall in a commercial garage costing tens of thousands of dollars to build, parking requirements can impose significant costs on property developers, owners and renters. Rather than allocating parking that goes unused, developers could propose sharing available space in nearby buildings. and rising home prices (still!).

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Will Springer Realtor - Untitled Article

Will Springer Realtor

annually in home improvements across the U.S., Improvements include remodels, replacements and additions to homes. The $180B kitchen and bath market is leading the home-improvement charge and, despite economic headwinds for many households, industry experts see no end in this modernization movement.

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JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

Urban planners have a name for it: the 15-minute neighborhood and it is already in development in parts of the country, including Seattle. Cities and neighborhoods are where we all should answer our questions about home and community. Where would you like to see this type of neighborhood development? Send me a message.

Buyers 36