Housing Wire

APRIL 29, 2024

The weekly volume of new listings is now higher than at anytime last year. It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. Mortgage rates are at 7.5% Mortgage rates are now topping 7.5%, the highest levels seen this year. orate further?

Sellers 471

Sellers Marketing Inventory Contracts 471

Will Springer Realtor

NOVEMBER 9, 2022

The housing market in and around King County was moving along swimmingly at the start of 2022, with homes selling briskly and buyers taking advantage of interest rates in the 3s. and jump in mortgage rates of 4 percentage points has created a housing market belly flop. They’re also down 19% in Seattle and 4.0%

New Listings 36

New Listings Housing Market Inventory Buyers 36

Will Springer Realtor

SEPTEMBER 12, 2023

New owners here spend an average of $232.5K on first-year costs, including a 20% down payment, closing costs, monthly mortgage, insurance and property taxes. SEPTEMBER HOUSING UPDATE There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days.

Sellers 36

Sellers Development Retail Real Estate 36

Will Springer Realtor

MAY 9, 2023

Compounding the demand is a consumer public determined to stay put for several more years rather than dive into a real estate market clouded by higher interest rates. Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

MAY 9, 2022

DID SOMEBODY SAY, ‘HOUSING BUBBLE?’. Are we in a housing bubble? The housing market has become bubbly,” said economist Enrique Martinez-Garcia of the Federal Reserve Bank of Dallas. He was one of the authors of a recent report that found signs of a housing bubble in the real estate market.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

FEBRUARY 9, 2022

“That’s a triple whammy hitting potential homebuyers,” notes Len Kiefer, deputy chief economist at Freddie Mac, which buys many of our mortgage loans from lenders. People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. The new fees will take effect on April 1. “As

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

AUGUST 9, 2021

In another study , released earlier this month, Seattle’s housing affordability index fell 20%, the second-sharpest year-on-year decline after Phoenix (23%) among major U.S. The index showed a growing difficulty to afford a home even while household income and mortgage rates improved compared to last year. POTENTIAL TAX SAVINGS.

Construction 36

Construction Inventory Property Taxes Development 36