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For buyers, you may want to link to newlistings that fit their must-haves. Use snippets from your longer content (like blogs) for your newsletter and include links to direct your audience back to your website. You can do the same with your social media channels.
Plus, what will it take to modernize the appraisal process? Read on for this week’s appraisal news and insights. “Higher mortgage rates will end double-digit price growth and newlistings will hit a 10-year high,” predicts Redfin. Opinion: The path to modernizing the appraisal process.
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. Active listings as of Sept. ——-.
Have you ever gotten a newlisting, took one look and started scratching your head and asking yourself how you are going to describe this to prospective clients? But what do you do when you have a more recently constructed property? Something funky, modern-looking or new could fall under that category.
Have you ever gotten a newlisting, took one look and started scratching your head and asking yourself how you are going to describe this to prospective clients? But what do you do when you have a more recently constructed property? Something funky, modern-looking or new could fall under that category.
The number of newlistings 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. The structures have been topped out and construction cranes are coming down.
This year’s “cold down” is stark, with 36% fewer newlistings 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. List price: $43M ($5548/sq. Prices declined 5.4% in King ($468K), 6.3% baths , 3700 sq.
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
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 newconstruction, however, is generally moving in the opposite direction. In the 1990s, one-third of new homes were smaller than 1800 sq.
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.
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.
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 newconstruction to finding items for the home.
Well, thats starting to feel a lot like modern home design. The projected slowdown could also reduce demand for newconstruction 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?
. >> 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
The market recalibration continues across King County with a sharp drop in newlistings, 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?
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.
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.
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.
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.
Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. Newlistings 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.
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.”
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.
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
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 newconstruction in traditionally single-family-home neighborhoods, and layers of regulations, processes and fees that dissuade developers from building in certain areas.
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.
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 newlistings, and we start far away.
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.
The most interesting developments came within the single-family-home category: The number of newlistings 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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