Will Springer Realtor

SEPTEMBER 12, 2023

fewer new listings, the rate of sales rose 1.7% Two data points stood out from the latest report by the Northwest Multiple Listing Service: The aforementioned new listings for all homes in the county – 2684 – is at a low not seen for an August since records were shared with brokers (like me) dating back to the mid-1990s.

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

JANUARY 10, 2023

The number of new listings for all home types – single-family, townhomes and condos combined – in King (887) fell 47% from November and declined 36% from December 2021. The number of Pendings (1206) has fallen for five consecutive months and is the lowest of any month since December 2008 (1167). Economists across the U.S.

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

Listing Spark

DECEMBER 23, 2020

Median Sales Price: $270,000 (up 12%) Closed Sales: 9,660 (up 28.1%) Active Listings: 29,948 (down 27% from this time last year) 2.2 Here is a list of some of the companies moving to Texas. The good news is, home owners have more equity, homes are rapidly appreciating in value, we have an extreme shortage in homes. San Antonio.

Real Estate 36

Real Estate Marketing Inventory Modernization 36

Will Springer Realtor

MARCH 14, 2023

The number of new listings of all home types (single-family, townhome and condo) in King County climbed 6.4% (1866 units) from January to February, as expected, and total inventory at the start of March (2064) was 111% higher than a year ago. This, along with higher building costs, will lead to a construction slowdown this year.

Marketing 36

Marketing Buyers Inventory Sellers 36

Will Springer Realtor

JANUARY 11, 2023

The number of new listings for all home types – single-family, townhomes and condos combined – in King (887) fell 47% from November and declined 36% from December 2021. The number of Pendings (1206) has fallen for five consecutive months and is the lowest of any month since December 2008 (1167).

Housing Market 36

Housing Market Architecture Contracts Buyers 36

Will Springer Realtor

MAY 9, 2022

just as Google opens another office building in Kirkland and Microsoft expands its 120-structure Redmond campus with plans for 17 new office buildings. All this tech construction gives new meaning to IT architecture! “A BY THE NUMBERS. >> The average size of a newly constructed single-family home is now 2524 sq.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

JULY 11, 2023

The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4% While that percentage may appear strong, it’s nothing compared to the April-to-May rise of 18%, signaling a probable cooling of new listings in the future. New single-family-home listings rose 3.8%

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Listing Spark

FEBRUARY 7, 2024

We didn’t see a wave of panic selling like we did in 2008. 5) New construction in Texas surged in 2023 Three major Texas metro areas made the top 10 list of highest new home construction rates in the nation. Houston took the number 1 spot, DFW was 2nd and Austin was number 7.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

NOVEMBER 14, 2023

Sales activity across the county is at historic lows; no October has experienced fewer listings in King County – not even close – since at least 1992 when records were first archived online. New listings for all home types in King County stood at 2157, a whopping 25% drop from September to October. Closed sales fell 0.9%

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Inventory Buyers Sellers New Listings 36

Appraisal Today

JUNE 21, 2024

We are seeing more new listings across the country, and it’s something we’re also seeing locally. Listings have increased much more in portions of Texas and Florida especially, so it’s important to recognize the trend isn’t the same in everywhere. MORE INVENTORY IS CHANGING THE VIBE: We are no longer at pandemic lows.

Appraisal 69

Appraisal Architecture Contracts Design 69

Will Springer Realtor

APRIL 8, 2021

. >> Counting both the demand for single-family and multi-family housing needed to meet current needs (plus factoring in demolished or lost housing), NAR projects we have a backlog in construction of 3.2 million new homes as of the start of this year. STATE CAPITAL UPDATE. That figure is roughly 0.7% MARCH HOUSING UPDATE.

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Inventory New Listings HOA Buyers 36

Will Springer Realtor

MAY 13, 2024

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. An annual survey released this month by the Federal Reserve Bank of New York said renters put the probability of ever owning a home at 40%, down from 44% last year.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

MAY 12, 2021

Now, home builders would need to construct as many as 1.2 This was the fastest pace for combined single-family and multi-family construction since June 2006. million more home listings across the U.S. >> NAHB reported an estimated 15% of all new-construction home sales in the U.S. We are on the right track.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

MAY 9, 2023

Whether it was cutting red tape and construction costs or ensuring our cities allow more affordable options near transit and jobs, these bills, working together, mean more homes, at more affordable prices, in communities all across our state.” The home was constructed for olive-oil importer John Vittucci. This 5-bed, 4-bath , 6500 sq.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

JUNE 9, 2021

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. million people work in residential construction, or about 2.8% The average King County single-family listing sold in May 9.5%

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

JUNE 8, 2022

The rate today is the same as in the late 1960s, except during the housing bubble of 2008-2010 when ownership rose – and we know how that ended up! Fudge noted that supporting the construction of manufactured and 3-D printed homes were avenues “being discussed” at HUD. BY THE NUMBERS. >> month to month (436) and 6.1%

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Design Construction Development Property Taxes 36

Housing Wire

NOVEMBER 16, 2024

Weekly housing inventory data Two weeks ago, housing inventory fell a bit more than I anticipated and so did the new listings data. I assumed that maybe the election held some people back from listing their homes. Even so, it’s nice to see this data line continue to show growth year over year. Weekly inventory change (Nov.

Mortgage 508

Mortgage Inventory New Listings Housing Market 508

Movoto

NOVEMBER 12, 2024

Is it construction? And I think the coming out of the last housing crisis and you know, from 2008 to 2000, you know, 11 or so, it was construction because when you stop construction for three or four years, you don’t recover from that quickly. What is the cause of the inventory issue? Is it consumer sentiment?

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Real Estate Marketing Housing Market Construction 69