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Some say Austin’s rental market might collapse. That’s not reality

Housing Wire

“Apartment rents have dropped by nearly 15% in two years, which is warp speed for the housing market. Austin fits the classic example of a boom/bust housing market, where a collapse is taking place.” A better way to describe Austin’s market is “stabilizing,“ Whitaker said.

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Expanding Supply, Easing Prices Bring Relief to King County Housing Market

Will Springer Realtor

home price forecasts into 2028.) The experts forecast a cumulative price increase of 20% for the five years through 2028, or an average of 4.0% We’ve never returned to the level of building that would be necessary to adequately house Americans.” Year-to-year, single-family prices were mostly higher, led by a 5.9% decline YoY.

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Upgrading Technology Can Be a Driving Force in Today’s Housing Market

Eppraisal

Why Technology Sells Smart technology’s robust demand renders residential properties more marketable. smart home market’s estimated revenue was $34.7 Experts project that by 2028, smart tech’s household penetration rate will reach 75.1%. billion in 2023. In other words, three in every four U.S.

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The LA wildfires are a reminder of the cost burden of reconstruction

Housing Wire

Hamilton also pointed out that the 2028 Summer Olympics will be held in Los Angeles, which he said is likely to further increase the pressure to rebuild quickly. It will likely cause prices to continue to rise, potentially even pricing out current residents.

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WEIGHING SEATTLE’S FUTURE WITH FEWER OFFICES

Will Springer Realtor

In addition, the rate of Seattle homes under contract within 30 days on the market fell from 62% in April to 57% last month; Eastside homes found buyers in four weeks or less 71% of the time in May, down from 74% in April. That means there will likely be no new traditional condo inventory in Seattle until 2028 at the earliest.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

This should ensure investors and prospective homeowners can thrive in a housing market designed to serve the broader needs of society. Market watchers remain cautious, however, in anticipation of cheaper borrowing costs next year. However, demand currently far outweighs supply. Please check with venues to confirm details.

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Stewart Announces Contract Extension for CEO

Appraisal Buzz

Eppinger to amend and restate his employment agreement, extending the term for another three years through the end of 2028. Since assuming the CEO position, Eppinger has led the company through a global pandemic and driven sustained growth and momentum through one of the worst housing markets in history.

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