Will Springer Realtor

SEPTEMBER 8, 2021

Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. And many of the new projects are larger than in years past. Builders began construction on just under a million single-family homes in 2020. This is one of the most popular topics on my blog.

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Appraisal Today

JUNE 21, 2024

Appraisers Riding the Waves of Up and Down Mortgage Rates Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! We are seeing more new listings across the country, and it’s something we’re also seeing locally. baths, 13,690sqft 5.8

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Appraisal Architecture Contracts Design 78

Will Springer Realtor

AUGUST 15, 2023

The season has been shaped by slumping new listings, a slowly climbing number of homes sitting on the market from previous months, fewer closed sales compared to last year and prices moving plus/minus five percentage points year-on-year (YoY). monthly decline in available Seattle listings (793). The county saw a 4.9%

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Sellers Buyers New Listings Inventory 61

Will Springer Realtor

MARCH 12, 2024

The picture was somewhat similar for single-family homes as a stand-alone category, with new listings up 38% (1845) and sales 41% (1064) stronger month-to-month, but the YoY numbers were more telling, up 31% and down 4.2%, respectively. Because new home construction hasn’t kept up. What does this mean?

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Buyers Construction Sellers Inventory 58

Lamacchia Realty

FEBRUARY 25, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by fall into winter, which in turn caused prices to continue to increase significantly. Broward County.

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New Listings Inventory Realty Buyers 41

Will Springer Realtor

JANUARY 10, 2023

This marks the introduction of a new feature. Each month, this blog will publish a fresh assessment of the King County area housing market. The article will include the latest monthly data from the Northwest Multiple Listing Service, analysis from national and local experts and a glimpse ahead at what to expect in the coming weeks.

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Housing Market Marketing Inventory Real Estate 36

Will Springer Realtor

FEBRUARY 13, 2024

And, despite the rise in new listings, the number of homes still on the market on Feb. The figures were promising from the single-family-home category as well, with new listings jumping 129% (1335) from December in King and up a negligible 0.5% fewer (1842) than on Jan. from a year ago. more versus January 2023.

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New Listings Buyers Inventory Lending 55

Will Springer Realtor

MARCH 10, 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. (See The structures have been topped out and construction cranes are coming down.

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Construction Modernization Inspection Buyers 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!)

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Inventory Supply Chain Construction Buyers 36

Will Springer Realtor

JANUARY 9, 2024

I went into greater detail on this topic in a recent blog post.)In The new program will be funded by an increase in county recording fees. (A A blog post will be published on Jan. BY THE NUMBERS >> Seattle metro leads the nation with construction cranes – 45 – according to a Q3 summary from the RLB Crane Index.

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Mortgage Real Estate Lending Law 36

Will Springer Realtor

JULY 13, 2023

Our urban area accounts for about half of the city’s economic activity, and the Seattle Chamber noted that rising office vacancies coupled with less construction could lead to $2B in decreased revenue. We certainly see that in all forms of residential real estate – from new construction to finding items for the home.

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Construction Supply Chain Real Estate Development 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.

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Marketing Buyers Inventory Sellers 36

Will Springer Realtor

AUGUST 11, 2023

Click to expand any image or graphic from my newsletters and blog posts.) Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). The national trend for new construction, however, is generally moving in the opposite direction.

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Buyers Development Construction New Listings 36

Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. County economists forecast a 2024 decline in new construction, slipping to $9.9B

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Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

JUNE 11, 2024

The single-family-home category – which includes townhomes – shows a 25% climb in new listings (3198) from April and a 33% rise year-on-year (YoY), and many of those homes remain on the market. One wonders, as the number of active listings climbs when will supply meet demand. Sales of those new homes fell 4.7%

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Buyers Inventory Finance Housing Market 61

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.

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Real Estate Modernization Construction Supply Chain 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. Read a more detailed assessment of the King County area housing market in my most recent blog post: King County Housing Market Stumbles to 2022 Finish Line.

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Housing Market Architecture Contracts Buyers 36

Will Springer Realtor

JUNE 13, 2023

It’s true, there is a welcome increase in new listings from month to month – up 18% across all home types in King from April and 19% higher for the single-family-home category – but isn’t that what you would expect in the typically busiest periods of the housing season? In March, 33% of homes listed for sale in the U.S.

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Buyers Inventory Construction Finance 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.

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HOA Transportation Construction Buyers 36

Will Springer Realtor

APRIL 11, 2023

Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.”  Pending sales are one of our favorite housing market data points – along with the number of mortgage applications and new listings – to track buyer intent and market intensity.

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Housing Market Marketing Buyers Sellers 36

Will Springer Realtor

OCTOBER 11, 2023

Suburban residents can be almost assured of the peaceful enjoyment of their home without worrying about a neighbor constructing a rollercoaster or baseball stadium next door. >> A full 19,396 apartment units are under construction in Seattle metro, according to a Q2 report from Berkadia, a U.S. . = Zoning laws in the U.S.

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Law Development Design Government 36

Will Springer Realtor

SEPTEMBER 12, 2023

Here’s a blog post on the topic from last summer.) A concrete and steel cover connecting First Hill to downtown, for example, would reduce traffic noise, potentially add more parkland and encourage construction of new housing. fewer new listings, the number of sales rose 1.7% While there were 5.8% Going Green, Oct.

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Sellers Development Retail Real Estate 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%

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Housing Market Buyers Inventory Real Estate 36

Listing Spark

MARCH 9, 2023

In this blog post, we’ll take a closer look at Texas’ real estate market activity — exploring recent developments, analyzing short-term trends, and making predictions about what we might expect. Compared to 2021’s extremely low months supply of inventory of 0.6 Month-to-Month Pending sales: 2,581 (Down 16%YOY) Up 32.4%

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Real Estate Marketing Inventory Sellers 36

Will Springer Realtor

AUGUST 9, 2022

The market recalibration continues across King County with a sharp drop in new listings, Pending sales and closings while prices decline. The number of new homes for sale fell 19% (4009) across the county from June to July and 9.5% CONDO NEWS. Looking for a sweet deal on a new-construction condo?

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Inventory Buyers New Listings Construction 36

Will Springer Realtor

FEBRUARY 13, 2025

The projected slowdown could also reduce demand for new construction even though experts estimate our national housing shortage is about 4M units today. new homes will be built per year in 2025-2035 and drop to about 800K units a year in 2035-2045, levels well below the 1.8M Insert audible gasp here, perhaps?

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Property Taxes Design Buyers Market Value 36

Will Springer Realtor

MAY 12, 2021

I don’t usually tout the work on my Living the Dream blog except for a brief mention at the bottom of each newsletter in the “In case you missed it …” section. One blog post has been on my radar since last summer, and I was finally able to pull together enough detail and visuals to tell the story right. 3-D PRINTED WHAT?? this year. >>

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Real Estate Inventory Buyers Construction 36

Will Springer Realtor

OCTOBER 11, 2022

Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. New listings and housing supply are on the rise as buyer activity took a dive in September, based on the latest assessment of data from the Northwest Multiple Listing Service. List: $2.9M ($853/sq.

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Housing Market Marketing Real Estate Buyers 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

Listing Spark

FEBRUARY 7, 2024

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. We didn’t see a wave of panic selling like we did in 2008. People had equity and affordable payments due to low rates, so they just stayed put to wait out the market.

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Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

FEBRUARY 14, 2023

The number of Pending sales soared 51% since December for all home types in King County to 1820 listings under contract, including a 69% boost on the Eastside (480) and a 47% jump in Seattle (610). Another positive sign: The number of new listings surged from the previous month.

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Housing Market Marketing Inventory Buyers 36

Will Springer Realtor

AUGUST 9, 2021

I have covered this topic both within the newsletter and on my blog and hear from people in real estate about their frustration over the lack of significant action. Developers opted to pay fees to the city totaling $68M instead, funds that help construct affordable homes in other parts of the city. POTENTIAL TAX SAVINGS.

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Construction Inventory Property Taxes Development 36

Will Springer Realtor

JUNE 8, 2022

They include shortages caused by restrictive zoning that limit the number and type of housing units built on a given parcel, a “not in my backyard” resistance to new construction in traditionally single-family-home neighborhoods, and layers of regulations, processes and fees that dissuade developers from building in certain areas.

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Design Construction Development Property Taxes 36

Will Springer Realtor

DECEMBER 12, 2023

We have enjoyed working with many of you this year and providing informative stories and features in this newsletter as well as on the Living the Dream blog and social media platforms. I am finishing up my annual blog post that looks back at 2023 and takes a glimpse ahead at the full picture – housing, economy, jobs and new technology.

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Real Estate Buyers Housing Market Law 36

Will Springer Realtor

JULY 9, 2021

Construction is underway on the 48-story, 459-unit, ultra-luxe residence with about 70% of inventory presold (minimum 5% down at signing). Constructed for condo living more than a decade ago, the building originally opened as an apartment. I am planning a blog post real soon on this reinvented, 8-story option. below the $7.2M

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Buyers Development Transportation Inventory 36

Will Springer Realtor

NOVEMBER 12, 2024

The number of new listings across King fell by roughly 20% from September, a common occurrence this time of year as households shift their focus to family, football and festivities. home sales in 2024 (excluding new construction). In September, 16% of all homes sold were new construction, about double the typical rate.

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Housing Market Marketing Buyers Inventory 54

Will Springer Realtor

DECEMBER 10, 2024

Immigration policies may impact labor availability, a critical factor given the construction workforce’s reliance on immigrants. Its in my annual blog post, this year entitled Expectations for 2025 in Seattle/King County Real Estate, which is scheduled to appear here on Dec. There is a lot to weigh as 2025 approaches.

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