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Category: Industry News
Industry News
Labor costs, availability and building material prices lead list of biggest concerns builders cite for 2018
Labor costs and availability plus prices for building materials lead a list of major concerns builders cite as factors for the construction shortfall and items that concern them most. The same concerns topped the list for 2017. Builders identified 10 significant problems they expect to face in 2018 as part [..]
Industry News
Buyers reveal “essential features” when house-hunting
Having a living room is essential to most prospective home buyers, with 61 percent of first-time buyers listing that feature as their top requirement. Among shoppers who are looking for their second or subsequent home, 72 percent said a laundry room was their top must-have feature. The poll results were [..]
Industry News
Homeownership is top component in household wealth
Homeownership – more than any other financial asset – is key to household wealth, accounting for nearly one-fourth of all assets held by households in 2016. The Survey of Consumer Finances (SCR) valued assets made up of primary residences at $24.2 trillion. Three additional categories accounted for another 55 percent [..]
Industry News
Issues & Impacts
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 (PDF, 20 pages, 206KB)
Industry News
Judge overturns Seattle’s first-in-time rental law
Property owners claimed victory while proponents of a Seattle law known as “first in time,” a law meant to regulate landlords and fight implicit bias against certain renters, vowed to appeal a judge’s ruling siding with landlords. The law had required landlords to rent to the first qualified applicant. Late [..]
Industry News
Housing Market Back to “Pressure Cooker Situation” But Brokers Remind Sellers “Pricing Is Still Important”
KIRKLAND, Washington (April 5, 2018) – Job growth and a recent run-up in mortgage rates has created an “extremely intense market for each new listing,” stated J. Lennox Scott, chairman and CEO of John L. Scott Real Estate in commenting on the latest statistics from Northwest Multiple Listing Service. MLS [..]
Industry News
Millennials lead all homebuyers
Millennials accounted for 36 percent of all home purchases last year, retaining their ranking as the most active generation of buyers for the fifth consecutive year, and improving on the previous year’s figure of 34 percent. Despite that feat, the chief economist at the National Association of Realtors® said the [..]
Industry News
Northwest MLS unveils latest tools, services at member meetings
Membership meetings for the broker-owned Northwest Multiple Listing Service promised a full agenda, and it did not disappoint! MLS staff previewed several new and enhanced tools and provided updates on a variety of industry activities and concerns. Tara Marino, director of communications and training at Northwest MLS, presented an overview [..]
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
King County broker tapped to chair Northwest MLS Board
Jason Wall, president and designated broker at Lake & Company Real Estate in Seattle, has been elected chairman of the Northwest Multiple Listing Service (NWMLS) board of directors. Other new officers for 2018 include Kevin Campbell, vice chairman; Robert Wasser, treasurer, and Randall Fisher, secretary. Joining the officers on the [..]