Will Springer Realtor

MAY 9, 2022

While these are promising developments, there will always be the affordability question. That includes 621 fewer Pending contracts in April 2022 than the previous April, as the net number of new listings remains on average lower than in years past. CONDO NEWS. And what a thoughtful listing video. bath , 6750 sq.

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Will Springer Realtor

FEBRUARY 13, 2025

Well, thats starting to feel a lot like modern home design. In a special election last week, voters appear to have approved Proposition 1A to help fund the citys new Social Housing Developer. The formal dining room? SOCIAL HOUSING OUTCOME Seattle voters have spoken! This topic was covered in detail last month.)

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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. Legislation related to transit-oriented development did not pass. Check out the listing’s lookbook and cinematic video flythrough.

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Will Springer Realtor

SEPTEMBER 8, 2021

It is developing several single-family and multifamily communities in King and Snohomish counties. The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. ” Forward-thinking developers will go beyond trails and lap pools, “which have become ordinary,” suggests the experts from Burns.

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Will Springer Realtor

AUGUST 9, 2022

. >> The City of Seattle includes about 375,000 homes and estimates it needs to build 152,000 market-rate units by 2045 to catch up with the city’s growing population, according to the Office of Planning and Community Development. The number of new homes for sale fell 19% (4009) across the county from June to July and 9.5%

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Will Springer Realtor

APRIL 8, 2021

The national median family income rose just 4% from 2019 to 2020, according to the Department of Housing and Urban Development, while most home prices are jumping each year by 10% or more. The image was taken from a drone above The Parc, a condo in Belltown, where I am promoting one of my new listings. housing markets.

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Will Springer Realtor

MAY 13, 2024

Even with aggressive changes to state and local zoning and fewer obstacles for building developers, the highly regarded Urban Institute estimates that by 2044 the Puget Sound region will be 140K homes shy of real demand. With the settlement, a wave of new listings hit the market in the past several weeks. bathroom , 3930 sq.

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Will Springer Realtor

JULY 8, 2022

While the number of new listings in June jumped 8.2% in new listings and 57% in active listings at the start of this month (3256), up 124% from a year ago. Spire was Seattle’s fastest-selling condominium development in 2021, now with a little more than half of all units sold. Give me a ring! bath , 3200 sq.

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Will Springer Realtor

JULY 13, 2023

We’ll have new incentives, and quite frankly, this will inform our budget,” he said. We are charting new territory and success will be measured by creativity and collaboration. Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

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Will Springer Realtor

OCTOBER 11, 2022

People love experiences to fill their memory bank and social media feed – and real estate developers are listening. Residents want to enjoy memorable moments within their community, according to research from The New Homes Trends Institute. The number of new listings in the previous month and remaining on the market as of Oct.

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Will Springer Realtor

SEPTEMBER 12, 2023

These findings provide a strong economic base and cement walkable urban places and development as the wave of the future, as we move toward a more connected, environmentally sustainable way of life.” In addition, discussions are well underway between city leadership, neighborhood advocates and developers to consider placing a “lid” over I-5.

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Will Springer Realtor

MAY 12, 2021

Housing starts – the number of units builders would begin if development kept pace for the next 12 months – increased 19% nationally to a seasonally adjusted annual rate of 1.7 and are on the high side for the unit size, with a median price per square foot of roughly $1045 from a sampling of active listings. We are on the right track.

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Will Springer Realtor

JUNE 8, 2022

Well, I am only a single real estate professional with one opinion but, for me, the solution includes enacting a blend of corporate and federal dollars toward incentivizing the development of affordable for-purchase housing that targets under-served communities whose residents would otherwise find homeownership difficult to achieve.

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Will Springer Realtor

JUNE 9, 2021

One aspect of rising housing prices is ballooning materials costs for new home builders. You have read here before how lumber prices have soared about 250% in the past year, prompting real concern among developers who are seeing profits dwindle. The average King County single-family listing sold in May 9.5% months (from 0.7)

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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. About 57% of all new housing was classified multifamily (four or more units in one location). List price: $4.698M, $868/sq.

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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.

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Will Springer Realtor

JULY 9, 2021

Urban planners have a name for it: the 15-minute neighborhood and it is already in development in parts of the country, including Seattle. Where would you like to see this type of neighborhood development? Canadian developer Westbank is on point for the residential project, its third underway in the city. Send me a message.

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Will Springer Realtor

DECEMBER 10, 2024

For developers today, the shortage of skilled labor represents one of the largest obstacles to meeting demand for homes, offices and infrastructure. This chart highlights the top concerns for real estate developers heading into 2025. Its no wonder prices for newly constructed homes remain high when developers face such steep hurdles.

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Will Springer Realtor

SEPTEMBER 11, 2024

Treasury has also stepped up efforts aimed at boosting affordable housing development. A separate initiative will grant $5M to Seattle in what Housing and Urban Development calls the Pathways to Removing Obstacles to Housing program. Those modern beauties include some 3100 units. List: $5.98M ($1595/sq. bath , 6690 sq.

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