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Category: Industry News
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
How to find, renovate, or build a home suitable for aging-in-place
Three out of four people would prefer to continue to reside in their family home through their golden years. With only one percent of properties suitable for aging-in-place, the majority of homes are not quite ready for that move, however. To bring their home up to safe standards for aging-in-place, [..]
Industry News
Construction underway for Everett’s first waterfront housing projects
Groundbreaking ceremonies for the Waterfront Place Apartments at Fisherman’s Harbor marked the start of construction for the first housing projects that are part of the redevelopment of the Port of Everett. The apartments will consist of two mid-rise buildings that bring housing to the waterfront for the first time in [..]
Industry News
Elections, rules changes, service enhancements among agenda items at NWMLS member meetings
Fall meetings for member brokers across the Northwest MLS service area covered a variety of topics from elections to rules changes and service updates. This year’s elections for board of director positions in several districts will be conducted paperlessly via a voting platform called Election Buddy. That software, designed for [..]
Industry News
Sparse supply spurring more competition among motivated home buyers in Western Washington
KIRKLAND, Washington (November 7, 2019) – “People are moving here, home prices will continue to increase, inventory shortages will occur. That’s our future,” remarked Dick Beeson, principal managing broker at RE/MAX Northwest in Gig Harbor, upon viewing the October statistics from Northwest Multiple Listing Service. Active listings of homes and [..]
Industry News
News In Brief
Those who work in Washington enjoy the fourth-highest median wage in the nation, but it turns out that money only goes so far… Business.org compared each state’s (plus the District of Columbia) median wage to the cost of renting a 1 bedroom apartment and found that as a whole, Washington [..]
Industry News
Real estate pros raising funds for tiny homes village being built for homeless veterans in Pierce County
“It takes a village to make a village,” say the backers of Orting Veterans Village, a development that will encompass 35 tiny homes for homeless veterans clustered around a large community building. It is being built in Orting on a 5+ acres. The parcel is leased from the Department of [..]
Industry News
Builders compare generational differences in “What Home Buyers Really Want” report
Millennials desire outdoor activity spaces. This demographic also values walkability and accessibility to retail spaces, according to a survey by the National Association of Homebuilders (NAHB). In its latest “What Home Buyers Really Want” report, NAHB asked prospective and recent home buyers to rate 175 home- and community-related features using [..]