Listing Spark

DECEMBER 23, 2020

Across the major markets in Texas, our December real estate market update shows clear data points that we are ending the year in one of the strongest seller’s markets we have seen in modern history. . 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

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Real Estate Marketing Inventory Modernization 36

Will Springer Realtor

AUGUST 11, 2023

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. In the 1990s, one-third of new homes were smaller than 1800 sq.

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Buyers Development Construction New Listings 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.

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Architecture Design Buyers Construction 36

Will Springer Realtor

MAY 9, 2023

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 new listings for the month just before the pandemic began was 4021.

Real Estate 36

Real Estate Modernization Construction Supply Chain 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.

Construction 36

Construction Supply Chain Real Estate Development 36

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

Inventory 36

Inventory New Listings HOA Buyers 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

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

FEBRUARY 13, 2025

Well, thats starting to feel a lot like modern home design. The projected slowdown could also reduce demand for new construction even though experts estimate our national housing shortage is about 4M units today. Builders, therefore, are being forced into [constructing] smaller houses. The formal dining room?

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Property Taxes Design Buyers Market Value 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

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

JANUARY 9, 2024

BY THE NUMBERS >> Seattle metro leads the nation with construction cranes – 45 – according to a Q3 summary from the RLB Crane Index. That includes 36 new cranes since the previous report, and it is more than larger U.S. That includes 36 new cranes since the previous report, and it is more than larger U.S.

Mortgage 36

Mortgage Real Estate Lending Law 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.

Housing Market 36

Housing Market Marketing Real Estate Buyers 36

Will Springer Realtor

SEPTEMBER 12, 2023

A modern version of the regrade is taking place along the downtown waterfront (pictured above) with the addition of Overlook Walk, a breathtaking pedestrian bridge and viewing deck that will soon connect with Pike Place Market and other attractions in downtown. The few homes that are available are selling quickly and at or above list price.”

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Sellers Development Retail Real Estate 36

Will Springer Realtor

AUGUST 9, 2021

And, Seattle’s attempt to force building developers to incorporate more affordable homes within their new residential endeavors yielded only 21 units in 2020 out of a swell of 224 construction projects. Developers opted to pay fees to the city totaling $68M instead, funds that help construct affordable homes in other parts of the city.

Construction 36

Construction Inventory Property Taxes Development 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

Housing Market 36

Housing Market Marketing Inventory New Listings 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.

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

DECEMBER 12, 2023

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.

Real Estate 36

Real Estate Buyers Housing Market Law 36

Will Springer Realtor

JULY 9, 2021

A new door improves curb appeal, adds modern technology to the house and, based on my observations, doesn’t make as much noise as older models! Construction is underway on the 48-story, 459-unit, ultra-luxe residence with about 70% of inventory presold (minimum 5% down at signing). On to new listings, and we start far away.

Buyers 36

Buyers Development Transportation Inventory 36

Will Springer Realtor

DECEMBER 10, 2024

Immigration policies may impact labor availability, a critical factor given the construction workforce’s reliance on immigrants. PERSISTENT BUILDING CHALLENGES There are roughly 1M fewer workers in construction trades than during the 2007 housing boom, just before the Great Recession. to get ahead of the competition.

Construction 36

Construction Real Estate Development Buyers 36

Will Springer Realtor

SEPTEMBER 11, 2024

The most interesting developments came within the single-family-home category: The number of new listings in August fell 7.5% in one month, to 2242 homes, according to data from the Northwest Multiple Listing Service – signaling the start of a seasonal slowdown. Those modern beauties include some 3100 units.

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Real Estate Modernization Government Construction 36