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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

Inventory 394
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Things To Remember About Tax Appeals

Cleveland Appraisal Blog

As January rolls around each year, homeowners begin receiving their property tax bills. That’s why my tax appeal work often picks this time of the year. Property values have been increasing in many areas for years, with 2020 being a record year for home appreciation in many neighborhoods. – APPRAISAL TODAY.

Appraisal 217
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Will Springer Realtor - Untitled Article

Will Springer Realtor

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. Legislation related to transit-oriented development did not pass. Property taxes are steep at $60K a year. And, opening this year, Graystone.

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

While these are promising developments, there will always be the affordability question. ” The increased number of listings and slight slow-down of the market have helped boost inventory numbers. Inventories rose in the past month across the county (0.8 a month ago. Total supply on the Eastside (0.7 and Seattle (1.1).

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WEIGHING SEATTLE’S FUTURE WITH FEWER OFFICES

Will Springer Realtor

Developing interest from real estate movers and shakers for a high-risk facelift will be a great challenge amid rising financing and construction costs. The business group describes our area’s varied development mix, which also includes stadiums, music venues and restaurants, as akin to having a “diverse stock portfolio.”

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Reconsideration of Value and Appraisers

Appraisal Today

Excerpts: What does the appraiser do with the three different values that may be developed? Respectfully, if they had read my report and not just looked at the values, they would know exactly why they are different and how I developed them. I include this to show that you don’t need to spend millions of dollars to get a mansion! =.

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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

And, Seattle’s attempt to force building developers to incorporate more affordable homes within their new residential endeavors yielded only 21 units in 2020 out of a swell of 224 construction projects. Developers opted to pay fees to the city totaling $68M instead, funds that help construct affordable homes in other parts of the city.