Raleigh Realty

JULY 12, 2022

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. As construction material prices continue to rise, costs of new builds and renovations also increase.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Will Springer Realtor

MAY 9, 2023

In many cases, the long lag time to complete projects is no longer from dreaded supply-chain issues. 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.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

DECEMBER 11, 2022

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. Read my real estate forecast blog post after you finish the newsletter to learn more!)

Inventory 36

Inventory Construction Supply Chain Buyers 36