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Affordability boosts Indianapolis housing market 

Housing Wire

Indianapolis is a hub for logistics businesses, including the world’s second-largest FedEx Express hub and the divisional headquarters for freight and transportation giant CSX. Lyons is optimistic about 2024, especially if mortgage rates keep declining and new listings keep hitting the market.

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Can we still avoid a recession?

Housing Wire

In addition, prices paid for transportation of products from China to the U.S. Now, this stressful aspect of transportation costs is gone and the fear of a downturn in the freight industry is taking hold. However, the biggest component of inflation isn’t the transportation cost of goods from China to the U.S.,

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

Housing Wire

In some markets, new listings declined as sellers waited for better market conditions, yet inventories of homes for sale increased with the large drop in sales. Kansas City – In residential real estate, builders of new single-family homes noted an uptick in the number of buyer cancellations for projects underway.

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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% BY THE NUMBERS >> A survey of 2000 adults across the 50 largest U.S. metros showed 78% would be willing to pay more for a home in a walkable community. While there were 5.8%

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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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IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

Buyers will likely snap up any home to be within walking distance of the new transportation hubs. Coincidentally, one of my listings currently is in the UDistrict, three blocks from the rail station. New listings are up 6.3% Condo sales are in a similar boat, with new listings higher – by 4.3%

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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

ADUs also help local economies by providing housing to people on the lower-to-middle economic scale to live within typically pricy urban areas that are closer to job centers and greater public transportation options. The number of new homes for sale fell 19% (4009) across the county from June to July and 9.5% year-on-year (YoY).