Will Springer Realtor

JANUARY 9, 2024

The National Association of Realtors® noted an estimated 41% of owners remain in their homes for a duration equal to or exceeding the median tenure of 13 years thanks to today’s higher rates. Despite an average single-family home value of about $1.36M, the HQ to Microsoft has seen its population grow 18% between 2017 and 2022.

Mortgage 36

Mortgage Real Estate Law Lending 36

Will Springer Realtor

AUGUST 11, 2023

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. also the oldest age of a first-timer ever recorded by the National Association of Realtors® (NAR). King County new listings fell 13% from June to July (2158), led by a 20% slide in Seattle (690).

Buyers 36

Buyers Development Construction New Listings 36

Will Springer Realtor

AUGUST 9, 2022

Lawrence Yun, chief economist at the National Association of Realtors® said in late July: “There are indications that mortgage rates may be topping or very close to a cyclical high.” SmartAsset used three metrics – home value growth, income growth and housing demand – to reach its findings. >> Returning to work will come with a price.

Inventory 36

Inventory Buyers New Listings Construction 36