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Industry News
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Date Event Time Where Phone Jan 20 HOLIDAYOffice Closed Jan 22 WR Committees Hotel RLOlympia 425-974-1011 Jan 23 Hill Day Hotel RLOlympia 425-974-1011 Jan 29 Board of Directors 9:30 a.m.-12:30 p.m. SKCR 425-974-1011 Feb 4 Govt. Affairs Committee 10:30 am – 1:30 pm SKCR 425-974-1011 [..]
Industry News
Washington one of few states with population growth
Washington was one of few states to experience population growth during 2019 (up 1.2%), according to newly-released estimates by the U.S. Census Bureau. Overall, the nation’s population grew by only 0.5% between 2018 and 2019 – the slowest pace in decades. Census Bureau officials attribute the meager gain to various [..]
Industry News
Americans moving at slow rates
Fewer Americans moved in 2018-2019 (for the year ending in March) than any other year since the Census Bureau started tracking that metric in 1947. A report released last month revealed only 9.8% of Americans moved during the latest tracking period; that also marked the first time it fell below [..]
Industry News
Frustrated buyers say high prices are biggest obstacle
Prices proved to be the biggest obstacle for would-be home buyers. Of buyers who have been looking for at least three months, 45% said they can’t find a home at a price they can afford. Nearly a third (32%) of frustrated buyers also said not being able to find a [..]
Industry News
Home prices appreciating locally and nationally
The pace of home price appreciation picked up in September, led by Seattle, according to the Case-Shiller U.S. National Home Price Index. Analysts credit strong demand and tight inventory as factors, and cite lower mortgage rates and “a solid labor market” for boosting demand. Three metro areas – San Francisco, [..]
Industry News
Millennials outpacing Gen X, Boomers in home buying, financing
Millennials continue to outpace other segments of the population when it comes to home buying, according to a recent report from Realtor.com. This cohort accounted for 46% of mortgage originations during third quarter 2019, up 3% from a year ago. During the same timeframe, Gen X accounted for 35% of [..]
Industry News
“November Surprise” brings “plenty of buyers,” uptick in home sales, prices
KIRKLAND, Washington (December 5, 2019) – Brokers with Northwest Multiple Listing Service reported “plenty of buyers” competing for sparse inventory during November, which ended with a 7% year-over-year increase in pending sales. The volume of mutually accepted offers rose even more (9.2%) in the tri-county Puget Sound region consisting of [..]
Industry News
News In Brief
Looking for a safe city in Washington to settle down in? Duvall is a top choice, according to a new study. The town of just under 8,000 was named atop the Top 50 safest cities in Washington by Security Baron. The study analyzed FBI rankings of crime rates in 116 [..]
Industry News
Number of prospective home buyers who are actively searching shrinks
Of the 12% of American adults who plan to purchase a home in the next 12 months, 44% are actively looking. That’s a slightly smaller share than a year ago when 47% of prospective buyers were actively searching. Researchers at the National Association of Home Builders (NAHB) who analyzed the [..]
Industry News
ORCA For All
Motivated by twin beliefs that mobility is a human right, and a shift to low-carbon modes of transportation is urgently needed to avert climate catastrophe – a nonprofit social welfare organization has launched ORCA for All. The campaign is designed to persuade more employers, “especially larger employers than can more [..]