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Category: Industry News
Industry News
REALTORS® publish 41st edition of research profiling buyers and sellers
First-time buyers made up only 26% of buyers in the 2022 profile of home buyers and sellers report from the National Association of REALTORS®. That marks the lowest share since the data collection reports began in 1981 and was down from the 2021 figure of 34%. The 2022 report reflected [..]
Industry News
Governor’s budget priorities include housing
Gov. Jay Inslee’s budget proposal for 2023-25 includes a referendum that would allow legislators to front-load $4 billion of housing construction over the next six years. The fast-track construction plan recognizes the need to create more than 1 million housing units “for households of all incomes” by 2044. According to [..]
Industry News
PSBJ lists 23 real estate stories to watch in 2023
Of 23 “real estate stories to watch in 2023,” compiled by the Puget Sound Business Journal, about half the items on the list would add housing. The projects are scattered around the Puget Sound region. One of the most ambitious undertakings is Lakepointe Urban Village (formerly Hawk Property Subarea) where [..]
Industry News
Census survey shows most new homes have 3 bedrooms, but lot size is shrinking
Half the new single-family homes built in the Pacific division of the U.S. had 4 bedrooms, according to the Census Bureau’s latest Survey of Construction. This division, which includes Washington, Oregon, and California, ranks only behind the Middle Atlantic Census division (52.5%), the West South Central division (51.5%) and the [..]
Industry News
Unplugging electricity wasting devices can yield energy, money savings
Typical American homes pay about 10% of their electrical bill for “standby power” – electricity used by devices that are switched off or not performing their primary functions. The founder and author of an independent personal finance site recommends using an energy monitor to assess consumption for various devices and [..]
Industry News
Seattle’s 2023 Home & Garden Show returns for nine-day run starting February 25
Hundreds of exhibits, including a showcase of tiny homes, plus dozens of informative seminars will be featured at the 2023 Seattle Home & Garden Show. The event runs from February 25 through March 5 at the Lumen Field Event Center. Builders and remodelers will be joined by exhibitors of the [..]
Industry News
News In Brief
Americans will have two more years to obtain a Real ID driver’s license or identification card, the Department of Homeland Security recently announced and reported by the Seattle Times. U.S. air travelers will be required to present the Real ID credential to board a domestic flight beginning May 7, 2025. [..]
Industry News
Consultants classify Seattle as one of 12 “slowing” markets, with 21 other cities found to be “plateauing” or “falling”
Seattle is one of 12 major metro areas in a “slowing” housing cycle, according to an analysis by John Burns Real Estate Consulting. Researchers at that consulting firm classified 14 cities as “falling” and seven areas as “plateauing.” “While all markets have slowed, the dynamics are not the same,” a [..]
Industry News
Research finds homeowner associations enjoy strong growth, high levels of satisfaction
In a series of reports, The Foundation for Community Association Research released findings from studies on the growth of community associations, residents’ satisfaction with their communities, top trends and benefits of this form of housing, and how states compare. Its latest statistical review, for 2021-2022, shows that 74.2 million Americans [..]