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Existing home sales have more legs to go lower, especially now that newlisting data is falling. A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. million to 1.28
We’ve seen a massive price and payment inflation event with pricing still rising and the biggest mortgage rate increase in a single year in recent modern-day history. To have a balanced housing market, we need active listings to rise yearly, which they typically do; 2020 was an anomaly. Now fast forward to 2022.
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Armour likely got the idea for the shape of his home from the book A Home for All by noted phrenologist, sexologist, and amateur architect Orson Squire Fowler. Fowler extolls the merits of octagonal structures over traditional square or rectangular dwellings in his book. Excerpts: Paul J. percent of total applications from 31.2
The image was taken from a drone above The Parc, a condo in Belltown, where I am promoting one of my newlistings. It’s impossible to beef up inventory when there is a 61% increase in newlistings on the Eastside, as was tabulated in March, and a 63% rise in Pending sales from the previous month. MARCH HOUSING UPDATE.
They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. The figure was 37% lower than a year ago and, for context, the five-year average of newlistings for the month just before the pandemic began was 4021.
Greater savings – Americans put their wallets, credit cards and check books into hibernation for about a year as they sat home and binged on Netflix, Zoom meetings and bread-making. The spring season is nearly over and the number of listings hitting the market has already started to decline, a few weeks earlier than most years.
The seemingly mundane asphalt-covered piece of real estate silently champions the ebb and flow of modern living. Yet, many new home projects across King County (and, honestly, in most urban areas) are brushing aside parking as an extravagance and a burden to include in residential planning. List: $10.25M ($2362/sq.
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