Listing Spark

DECEMBER 23, 2020

Across the major markets in Texas, our December real estate market update shows clear data points that we are ending the year in one of the strongest seller’s markets we have seen in modern history. . Months of Inventory (1.2 Months of Inventory (1.2 Months of Inventory (Compared to 3.3

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Appraisal Today

MARCH 8, 2024

It’s not a black and white answer: There’s not one black-and-white answer that applies to every house, price range, location, or market. I’m always looking for something new = Shifting Tides in the Housing Market: A February 2024 Perspective By Kevin Hecht Excerpts: As we navigate through the early months of 2024, the U.S.

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Appraisal Contracts Real Estate Housing Market 81

Will Springer Realtor

MARCH 10, 2023

MARCH HOUSING UPDATE The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers. It’s a 4-bed, 4.75-bath

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Construction Modernization Buyers Inspection 36

Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. If there is a silver lining for those in the market for a home, it’s that prices should fall as demand eases. housing market is experiencing a price “correction,” defined as a 10% price drop from its most recent peak.

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Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

JULY 8, 2022

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Not really sure.”.

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Housing Market Marketing Inventory HOA 36

Will Springer Realtor

MAY 9, 2023

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. 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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Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

DECEMBER 11, 2022

Some might argue the cold is emanating from the near-frigid Q4 real estate market, knocking the bloom straight off the housing-market rose in our region. This is far beyond a “seasonal norm” and reflects a market correction following two-plus years of pandemic-driven price appreciation. The market had to slow down at some point.

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Will Springer Realtor

APRIL 8, 2021

Rossell sees this as a case of extreme demand pushing prices into inflationary zones for items ranging from hotel rooms, tickets to theme parks, flights and “all kinds of little weird, funky markets we haven’t even thought of at this point.”. housing markets. The screws are tightening on an already tight housing market.

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Inventory New Listings HOA Buyers 36

Will Springer Realtor

JANUARY 9, 2024

Harvard researchers suggest that this reduced household mobility can lead to inefficiencies in the labor market, hindering Americans from relocating to more productive or high-demand areas. The 802 new listings last month were a low not seen since records were archived online from 1990. But by how much? It’s a 5-bedroom, 4.25-bathroom

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Mortgage Real Estate Law Lending 36

Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. The City of Renton reported in June that 92% of the 7800 new units in the permitting pipeline are expected to be market-rate rentals.

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Will Springer Realtor

AUGUST 9, 2022

What is true is that every time we lean in and face the headwinds of economic weakness the housing market is a welcome refuge.As cities to determine the fastest-rising housing markets and two in our area ranked in the Top 25. Inventories are on the rise, so much so that one area is now considered a buyer’s market.

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Inventory Buyers New Listings Construction 36

Will Springer Realtor

MAY 9, 2022

just as Google opens another office building in Kirkland and Microsoft expands its 120-structure Redmond campus with plans for 17 new office buildings. All this tech construction gives new meaning to IT architecture! “A The housing market has become bubbly,” said economist Enrique Martinez-Garcia of the Federal Reserve Bank of Dallas.

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Will Springer Realtor

SEPTEMBER 8, 2021

One of the hottest search phrases on Google today is, “When is the housing market going to crash?”. Not “ Will the housing market crash?” We shared in a previous newsletter the many factors driving our buoyant housing market – and there is no end in sight to home appreciation. Active listings as of Sept. but “When.”.

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Will Springer Realtor

MAY 12, 2021

Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.

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Real Estate Inventory Buyers Construction 36

Will Springer Realtor

JUNE 9, 2021

Fast forward to today and markets here and across our nation are going through serious inflationary pressures. Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. Then the housing bubble burst.

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Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

DECEMBER 12, 2023

= 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. Ready to complete another year, the residential real estate market has not improved – some might say it got a little worse. at this time in 2023 (quite optimistic!).

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Real Estate Buyers Housing Market Law 36

Will Springer Realtor

AUGUST 9, 2021

About 57% of all new housing was classified multifamily (four or more units in one location). A sliver of a silver lining developed in our still-hot housing market, as King County saw more homes for sale at the end of July than 31 days earlier. The number of new listings for all home types (4428) fell 7.8% months (0.6

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Construction Inventory Property Taxes Development 36

Will Springer Realtor

JUNE 8, 2022

The pandemic has made attaining ownership more difficult, particularly in housing-starved Seattle (pictured) and across King County where the number of homes on the market (Active listings) has trended lower for most of the past decade-plus. Snohomish County’s Active listings more than doubled – to 1182 – from 500 from a year ago.

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Will Springer Realtor

JULY 9, 2021

Others are in pursuit of a tight-knit community that has a market, pharmacy, restaurants, coffee shop – and an amusement ride like our Great Wheel (just kidding!) – within a short drive, transit ride or easy walk. They are often surprised by my answer. My information is based on an annual report from Hanley Wood, a D.C.-based households.

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