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PREDICTIONS, PARKING, POLLUTED PIPES

Will Springer Realtor

Scott Real Estate. I wrote in this newsletter 12 months ago about the bumpy – maybe even bruising – housing market of 2022 across Puget Sound and most of the country. = I wrote in this newsletter 12 months ago about the bumpy – maybe even bruising – housing market of 2022 across Puget Sound and most of the country.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

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. years, according to recent data, when it was only about five years just before the housing market crash of 2007. for a homeownership rate of 48.6%.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

A year later, the same real estate consultancy estimates the number has expanded to 2.1M, a jump of 24%. An annual survey released this month by the Federal Reserve Bank of New York said renters put the probability of ever owning a home at 40%, down from 44% last year. We are now experiencing historic shortages.

HOA 36
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CITIES FACE DAUNTING OFFICE-VACANCY CHALLENGE

Will Springer Realtor

“Workers are in the driver’s seat now because they are in such short supply,” said Rossell, speaking to an international group of real estate professionals. Rossell also expects “significant” losses to occur for commercial real estate holders and that the issue of low office vacancies could drag on for decades.