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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

“Consumer spending increased slightly, with some retailers reporting more robust sales over the holidays. Other retailers noted that high inflation continued to reduce consumers’ purchasing power, particularly among low-and moderate-income households,” the report said.

Inventory 409
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SEATTLE ‘WALKING’ TOWARDS URBAN CONNECTEDNESS

Will Springer Realtor

The few homes that are available are selling quickly and at or above list price.” fewer new listings, the number of sales rose 1.7% That’s when Avenue Bellevue is scheduled to open its two-tower luxury condo, hotel and retail district. BY THE NUMBERS >> A survey of 2000 adults across the 50 largest U.S.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Except for the pandemic year of 2020, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. The figure was 37% lower than a year ago and, for context, the five-year average of new listings for the month just before the pandemic began was 4021.

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PREDICTIONS, PARKING, POLLUTED PIPES

Will Springer Realtor

This dynamic of private vehicle vs. public transportation will play out first in dense areas – like Seattle, Bellevue, Federal Way – and will be interesting to watch. POLLUTED PIPES We cap this month’s news with yet another “P” story. The Eastside led the way with a 33% drop-off in new listings (420) and Seattle fell 31% (586).

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JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

Create options for multiple modes of transport – bikes, cars and transit should all be factored in. David Goldberg, chair of the Land Use & Transportation Committee of the Seattle Planning Commission, is helping to lead the city’s own 15-minute neighborhood. On to new listings, and we start far away. below the $7.2M

Buyers 36