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Category: Industry News
Industry News
Africatown project underway for affordable housing with Afrocentric inspired amenities, community spaces
Construction of a long-anticipated development encompassing 126 affordable housing units and flexible, Afrocentric inspired amenities and community spaces is underway in Seattle’s Central District. The seven-story structure culminates years of negotiation and planning coupled with unique financing to create a project that addresses affordability, displacement, and gentrification in the area. [..]
Industry News
Builder confidence sinks amid growing affordability challenges
Growing affordability challenges are causing builder confidence in the housing market to erode, according to the National Association of Home Builders. NAHB believes these challenges are growing. The latest NAHB/Wells Fargo Housing Marketing Index (HMI) showed an eight point drop in builder confidence for newly built single-family homes in May, [..]
Industry News
Existing home sales shrink, price appreciation grows
Existing home sales around the country continued to slide in April, falling to the lowest level since June 2020. Analysts at the National Association of Home Builders attributed the decline to rising mortgage rates and higher home prices, stating that combination is pricing out first-time and young buyers. Citing data [..]
Industry News
Mandatory education on Fair Housing now in effect
Real estate licensees in Washington must complete a new 6-hour Fair Housing course under a law that went into effect on June 1. Additionally, only pre-approved schools or instructors may offer the mandatory course titled “Washington Real Estate Fair Housing (6-hr) (3-hr).” This is the only course approved to date. [..]
Industry News
News In Brief: June 2022
The Evergreen State ranked No. 1 as the best state for nurses, according to a recent WalletHub study. WalletHub said it compared all 50 states using 21 metrics and Washington took home the top spot, edging Maine, New Mexico, Minnesota, New Hampshire and Oregon, respectively. Some of the criteria included [..]
Industry News
News In Brief: May 2022
A recent Stessa report reported by KOMO News found what many Seattle-area residents already know: rent is pricier in the Emerald City than it is in just about any other metro. The report from Stessa – a finance tool that helps real estate investors “maximize their profits” with rental properties [..]
Industry News
Seattle dad and son start company to process hard-to-recycle items
Consumers who are looking for ways to sustainably dispose of items not allowed by many curbside services may have a new option thanks to Ridwell, a fast-growing Seattle-based company started in 2017 by a dad and his then 6-year-old son. Offering regular front porch pick-ups to its member-subscribers, the company [..]
Industry News
SKCR Events Calendar: May 2022
Date Event Time Where Phone May 1 – 6 NAR Legislative Meetings National Harbor 425-974-1011 May 18 YRN Brunch & Networking 10:00 a.m. – 12:00 p.m. WAC 425-974-1011 For updates visit: www.nwrealtor.com and click “events”
Industry News
City-County agreement will yeild 81 homes for low-income households
Nearly three acres of land that has been vacant for 15 years will be developed for mixed income housing under an agreement between the city of Tacoma and Pierce County. The county agreed to transfer the property on Pacific Avenue in Tacoma based on a proposal by Mercy Housing Northwest. [..]
Industry News
Washington among best work from home states
Washington is among the top 10 work from home (WFH) states, according to rankings compiled by WalletHub. Using 12 key metrics to compare the 50 states and District of Columbia, that personal finance website ranked Washington #8. New Jersey was #1. Analysts at Wallet Hub also used two key dimensions, [..]