Remove Inventory Remove Modernization Remove New Listings Remove Renovations
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Will Springer Realtor - Untitled Article

Will Springer Realtor

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. such renovations to these homes (between 20 and 39 years old), with about 200,000 of those projects running north of $25K each.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. months of inventory. Inventories across the county for all home types now stand at 2.2

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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

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. King County new listings fell 13% from June to July (2158), led by a 20% slide in Seattle (690). Tickets Tour Modern Homes, Sept. Pittsburgh).

Buyers 36
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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. Compare that to the end-April total of 4551 Active listings for the two counties, as well as 0.6

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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

Many dug into savings and had their homes renovated or repaired. A surprising 3% used the time to build a new house. 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. months of inventory available compared with 0.3

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JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

THE ROI OF HOME RENOVATION. A new door improves curb appeal, adds modern technology to the house and, based on my observations, doesn’t make as much noise as older models! Home prices are going to continue to go up until the inventory comes back bit,” said Rick Sharga, EVP at real estate information provider Realty Trac.

Buyers 36