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Owning a condo in Florida is becoming less attractive: Redfin

Housing Wire

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return.

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Raleigh Real Estate Trends + Forecast for 2022

Raleigh Realty

As supply chain issues cause construction material prices to soar, buyers are more likely to consider purchasing a resale home vs. a new construction home. 4,840 new apartments were constructed in Raleigh throughout 2021. Statista) The number of new listings in Raleigh in April 2022 was more than new listings in January 2022.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations. 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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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). King County new listings fell 13% from June to July (2158), led by a 20% slide in Seattle (690). They can sign-up for future missives here.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Compare that to the end-April total of 4551 Active listings for the two counties, as well as 0.6 They range from restrictive zoning (NIMBY) laws, the high cost of building in an urban area and a depleted labor force. The law (once signed by the governor) will lift limits on the number of unrelated people living in an ADU.

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JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

In calling for rezoning laws to accommodate this concept, Gladney identified five keys that communities should keep in mind when designing their 15-minute neighborhood: Think in terms of mixed-use development, such as a blend of housing, commercial usage and small-scale manufacturing. THE ROI OF HOME RENOVATION. below the $7.2M

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