Archive
Category: Industry News
Industry News
Brokers seeing “simple economic recipe for a softening housing market”
KIRKLAND, Washington (July 5, 2018) – Home buyers around many parts of Washington state had more choices and less competition during June, prompting some industry leaders to comment on “a feeling of change in the market.” “Inventory is up and demand has dropped,” reported Robert Wasser, an officer with the [..]
Industry News
NWMLS Monthly Market Snapshot
Share on Social Media You are able to download the infographic to republish on your website or provide to clients. Usage Terms Subscribers may provide NWMLS’s Market Snapshot infographics to clients and prospective clients. Subscribers may republish NWMLS’s Market Snapshot infographics on websites, blogs, e-mails, newsletters, postcards, etc. Subscribers may [..]
Industry News
News In Brief
June was National Safety Month. With the U.S. recently hit hard by tragedies from hurricanes to mass shootings, the personal-finance website WalletHub today released its report on 2018’s Safest States in America. In order to help families find the most secure places to settle down, WalletHub compared the 50 states [..]
Industry News
REALTORS employ technology, training and instincts to reduce chances of becoming crime victims
Although not singled out on USA Today‘s list of 25 most dangerous jobs in America, real estate brokers face potentially unsafe situations every day. A vivid example occurred last weekend when a broker sustained serious injuries when he was assaulted during an open house in Snohomish County. Industry groups are [..]
Industry News
Seattle startup uses multiple data sources to uncover underutilized properties in quest to improve housing supply
CityBldr, a Seattle startup, aims to “unlock the development potential of communities,” and much more. It uses proprietary technology and big data to help property owners understand their property’s highest and best use, and promises to bring stakeholders together to create win-win solutions. Last month, the company announced it would [..]
Industry News
REALTORS offer timely tips to “work smart, stay safe”
September is officially observed as REALTOR® Safety Month, but the National Association of REALTORS® reminds its members to take extra safety precautions when previewing, showing and attending open houses. “Stay aware, be empowered 24 / 7 / 365” is the overarching advice. Even though only 20 percent of members have [..]
Industry News
45,000 newcomers move to Seattle each year
Seattle was the destination for more than 45,000 newcomers who relocated here each year from 2012 to 2016, and many of them are affluent, according to an analysis by columnist Gene Balk, the “FYI Guy” at The Seattle Times. While the perception may be they’re all tech workers, the reality [..]
Industry News
Kent, Renton among recipients of Smart Communities Awards
Two King County cities, Kent and Renton, were among winners of a 2018 Smart Communities Award. The program, now in its 13th year, recognizes achievements by local leaders who promote smart growth planning and projects that contribute to thriving communities, a prosperous economy, and sustainable infrastructure in the State of [..]
Industry News
Responding to Seattle’s “market pivot,” developer will build condo tower instead of apartments
What was initially planned as downtown Seattle condominiums, and then reconceived as luxury apartments, will, in fact, be condos. Developers announced the switch in mid-June, shortly before breaking ground. Named SPIRE, the slender 41-story tower on a triangular shaped site near the Seattle Center, will encompass 352 residences with prices [..]
Industry News
Seattle among areas where house-buying power is eroding
Years of pent-up demand resulting in a supply imbalance, a long run of historically low levels of new home construction, existing owners who are increasingly reluctant to list their homes, and rising mortgage rates are creating an ultra-competitive market and in some areas, eroding purchasing power, according to First American’s [..]