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.

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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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Listing Spark

JANUARY 12, 2023

2022 Market Trends: Decrease in sales, values, and new listings in Austin, TX; median home value up 9.9% New Construction: Slowing down due to an increase in inventory and a declining market; builders targeting first-time home buyers. iBuyers: Collapse of iBuyers presents an opportunity for local investors.

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Real Estate Marketing Home Value Inventory 36

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

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

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

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

JULY 13, 2023

Moody’s Investors Service noted that banks hold approximately half of the $6T in commercial real estate debt, with the largest share maturing within the next three years, according to Reuters. 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

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. San Antonio is still significantly more affordable than Austin which makes it a strong market for first time home buyers, investors and builders.

Real Estate 36

Real Estate Sellers Home Value Inventory 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

Real Estate 68

Real Estate Buyers Sellers Inventory 68

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. MARCH HOUSING UPDATE. months across King, from 1.5

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Housing Wire

NOVEMBER 9, 2023

There’s been a big increase in expireds recently since most agents still had too-short listing agreements in anticipation of the hot seller’s market continuing. Aspirational pricing and competition from new construction has created more expired and withdrawn listings. Is there new construction nearby?

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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

OCTOBER 11, 2022

While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. List: $2.9M ($853/sq. List: $5.2M ($901/sq.

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Housing Market Marketing Real Estate Buyers 36

Will Springer Realtor

JANUARY 9, 2024

The past year witnessed a financial rollercoaster, with interest rates fluctuating between 5.99% and 8.03% for conventional 30-year mortgages, according to Mortgage News Daily. The Fed’s revised lending forecast sparked a celebratory mood among investors, particularly those tracking U.S. Treasurys and mortgage-backed securities.

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Mortgage Real Estate Lending Law 36

Will Springer Realtor

JUNE 9, 2021

Some smaller construction companies are heavily burdened by rising costs for everything from lumber and steel to fuel and labor amid a lack of available employees. million people work in residential construction, or about 2.8% The average King County single-family listing sold in May 9.5% CONDO NEWS. >> About 4.4

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Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

JULY 9, 2021

ATTOM said the gross profit on the typical home flip (the difference between the median sales price and the median price paid by investors) declined in Q1 to $63,500, down from $71,000 in Q4 of last year. Construction is underway on the 48-story, 459-unit, ultra-luxe residence with about 70% of inventory presold (minimum 5% down at signing).

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Housing Wire

FEBRUARY 18, 2025

Under FDR, we had the New Deal, and then under Eisenhower there were a lot of changes as well. And do businesses and investors like things to be predictable or unpredictable? In Texas alone, 25% of the construction industry are undocumented workers. So, it is not unprecedented, but it does create unpredictability.

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Housing Market Marketing Real Estate Government 356

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). As a result, rising rates spooked buyers from seriously moving to a new home.

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Housing Market Marketing Buyers Inventory 54