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Category: Industry News
Industry News
Oregon bans “love letters” in real estate transactions
Oregon lawmakers put the kibash on the use of “love letters” for real estate transactions, making the Beaver State the first in the nation to ban them. House hunters who hope to have their purchase offer favored by sellers can no longer include communications that convey their love of the [..]
Industry News
Former SKCR staffer launches new venture
Val (Towler) Taylor, who worked at Seattle King County REALTORS™ for 12+ years before relocating to North Carolina, has taught herself various art mediums over the years. During the COVID-19 lockdowns, she concentrated on learning to draw with watercolors and soft pastels. SKCR’s former director of membership and communications turned [..]
Industry News
Coalition documents gaps between renter wages and cost of rental housing
In no state, metropolitan area, or county can a full-time minimum-wage worker afford a modest two-bedroom rental home. Even a modest one-bedroom apartment is beyond the means of these workers in 93% of U.S. counties, according to Out of Reach 2021: The High Cost of Housing report. Researchers ranked Washington [..]
Industry News
SKCR Events Calendar
Date Event Time Where Phone August 12 Affiliate Council 9 a.m.-10 a.m. Zoom 425-974-1011 August 17 – 18 SKCR Planning All Day SKCR 425-974-1011 August 18 Affiliate Food Drive 8:30 a.m.-5:00 p.m. SKCR 425-974-1011 For updates visit: www.nwrealtor.com and look under “Events”
Industry News
Large gap exists between what homebuyers expect to pay and actual prices
Newly-built homes are out of reach for buyers in the lower one-fourth of the market, according to an analysis of recent Census data and surveys by the National Association of Home Builder (NAHB). With inventory of homes at historically low levels (about 2.5 months of supply nationally), and prices for [..]
Industry News
Issues & Impacts: July 2021
Issues & Impacts is a quarterly publication produced by the SEATTLE KingCounty REALTORS® to inform members about current issues and successes within your Governmental Affairs Department. SEATTLE KingCounty REALTORS® (SKCR) is ensuring that public policies support homeownership and your business’s bottom line. View the full publication
Industry News
News In Brief
With coastal states like Florida, North Carolina and Maine among the most popular places people relocated to last year, the personal-finance website WalletHub today released its report on 2021’s Best Beach Towns to Live in, as well as accompanying videos. To determine the most livable beachside communities, WalletHub compared 191 [..]
Industry News
Sales of newly-built homes shrink, prices still climb due to market disruptions
Sales of newly-constructed single family homes declined 5.9% during May to a seasonally adjusted annual rate of 769,000 – the lowest in a year, according to estimates from the Census Bureau. Analysts say builders slowed sales due to higher material costs and declining availability of labor, material and lots. Despite [..]
Industry News
Pandemic prompted remote workers to snatch up vacation homes
Vacation home purchases skyrocketed during 2020, with the trend continuing this year, according to a report from the National Association Realtors®. Workers with the ability to log on from anywhere are credited with spurring the surge. “Vacation homes are a hot commodity at the moment,” said Lawrence Yun, NAR’s chief [..]