Housing Wire

SEPTEMBER 12, 2023

The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. So, the author tried to use new construction prices from back in April to describe the whole U.S. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers.

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Contracts Inventory Housing Market Buyers 366

Housing Wire

NOVEMBER 5, 2023

In light of the recent NAR lawsuit outcome , seller leads are even more crucial. This area could be around a new listing, a recently sold property, or any other geographic location, such as an up-and-coming neighborhood, the area in which they live, or even an area selected based on price point. You’re not alone.

Real Estate 206

Real Estate Tools Real Estate Agent Agents 206

Appraisal Today

AUGUST 25, 2023

I have seen this type information before, but mostly from contacting companies, recruiters or government databases. The sellers custom built the home between 2007 and 2009, using high-end materials and finishes, including a wall of windows and 26-foot-high ceilings in the great room. The 900 sq.ft. to develop and report appraisals.

Appraisal 79

Appraisal Real Estate Agent Agents Real Estate 79

Will Springer Realtor

FEBRUARY 13, 2024

And, despite the rise in new listings, the number of homes still on the market on Feb. The figures were promising from the single-family-home category as well, with new listings jumping 129% (1335) from December in King and up a negligible 0.5% The federal government updated inflation numbers on Feb.

New Listings 53

New Listings Buyers Inventory Lending 53

Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. Buyers and sellers tiptoed through caution. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. Um, bye-bye! in King County.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

MARCH 12, 2024

As a result, home buyers and sellers across Seattle/King County saw a mixed bag of activity in February, according to the Northwest Multiple Listing Service (MLS). About two-thirds of all King County listings sold last month at the list price or above, signaling a competitive environment and extending this long-running sellers’ market.

Buyers 55

Buyers Construction Sellers Inventory 55

Will Springer Realtor

MAY 13, 2024

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.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

APRIL 11, 2023

Pending sales are one of our favorite housing market data points – along with the number of mortgage applications and new listings – to track buyer intent and market intensity. The one-page report includes new listings, pending sales, sold homes and prices for any area – a city, ZIP code or even a street.

Housing Market 36

Housing Market Marketing Buyers Sellers 36

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. The few homes that are available are selling quickly and at or above list price.” fewer new listings, the number of sales rose 1.7% While there were 5.8%

Sellers 36

Sellers Development Retail Real Estate 36

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. October figures from the Northwest Multiple Listing Service strongly suggest prospective buyers and sellers are taking a wait-and-see approach. New listings in King were off 26% month-to-month (1583) and Active listings were down 9.4% (2296).

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

APRIL 8, 2021

If enacted, city and county governments could still maintain owner-occupancy requirements on lots containing an ADU but also provide for exemptions, such as age, illness, financial hardship or disability. Local governments would have two years to adopt a system for reviewing hardship cases or lose the right to require owner-occupancy status.

Inventory 36

Inventory New Listings HOA Buyers 36

Will Springer Realtor

AUGUST 9, 2022

Many local governments permit at least one dwelling unit with the main residence and some locales accept an attached and detached unit on the same property. The cities of Seattle and Renton offer pre-approved ADU designs to help streamline the government-approval process which can often be onerous. I have written on this topic before.

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

FEBRUARY 9, 2022

Take this example, courtesy ListReports, based on a conservative $300,000 loan and when the interest-rate difference was a half percentage point: A typical mortgage in King County could easily be double the amount in the above example, and the Mortgage Bankers Association reported in late January the average new mortgage hit a record $441,100.

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

JULY 13, 2023

We’ll have new incentives, and quite frankly, this will inform our budget,” he said. We are charting new territory and success will be measured by creativity and collaboration. Local government, developers, architects and others will need to step up and take responsibility for the sake of our city. List: $2.7M ($1484/sq.

Construction 36

Construction Supply Chain Real Estate Development 36

Will Springer Realtor

MAY 9, 2022

Let’s just hope government leaders and other influencers remember to bring everyone along for the ride. That includes 621 fewer Pending contracts in April 2022 than the previous April, as the net number of new listings remains on average lower than in years past. DID SOMEBODY SAY, ‘HOUSING BUBBLE?’. Are we in a housing bubble?

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Architecture Design Buyers Construction 36

Will Springer Realtor

MAY 12, 2021

For example, House lawmakers added a provision late in the drafting process that allows local governments to indefinitely retain owner-occupancy requirements on properties with an ADU if the municipalities hold two public meetings and demonstrate a need. Listed at $1,995,000 ($725/sq. Sellers typically ask for back-up buyers.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

DECEMBER 12, 2023

That, in turn, will finally move the market forward with additional sellers and buyers. The federal government is offering to cover the costs of ripping out and replacing the lead pipes – buried deep in soil, concrete or asphalt – but not for locating them. Oregon turned down $37M from the federal government, AP reported.

Real Estate 36

Real Estate Buyers Housing Market Law 36

Will Springer Realtor

AUGUST 9, 2021

The report also noted 3% of Seattle listings are at or above $3M and 1% are above $5M in the city, which had a median home price of $857,000 at the time of the survey. >> 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.

Construction 36

Construction Inventory Property Taxes Development 36