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Category: Industry News
Industry News
Women’s Council of Realtors Seattle Metro
“Generational knowledge is power in this industry,” observed Georgia Stevens, a second-generation REALTOR® and moderator at last month’s program of the Women’s Council of Realtors® – Seattle Metro. The event featured a panel of mothers and daughters who shared their “trials, tribulations and successes.” Stevens quizzed each duo on their [..]
Industry News
State groups receive $3 million in HUD grants to boost homeownership
Nonprofits and self-help housing organizations that encourage homeownership opportunities for hard-working, low-income families and individuals will receive $12.5 million in grants from the U.S. Department of Housing and Urban Development (HUD). Of that amount, Community Frameworks programs in Washington state will receive $3.5 million. Community Frameworks expects to leverage its [..]
Industry News
Innovators of building products are boosting bottom lines
Innovations in air conditioning, plumbing, and walls and ceilings are among products manufacturers are bringing to market to boost revenues, according to the New Home Trends Institute team at John Burns Research and Consulting. Researchers attribute the innovations to recent regulations intended to promote the responsible use of natural resources, [..]
Industry News
Retired Seattle Storm Champion Sue Bird receives 2023 “First Citizen” Award
Retired Seattle Storm player Sue Bird received the 2023 Seattle King County First Citizen Award before more than 200 friends and fans at a civic banquet on May 18. Described as “the most decorated champion this city has ever seen,” the future Hall of Famer is the 85th recipient of [..]
Industry News
News In Brief: June 2023
The Metropolitan Improvement District (MID) has been renewed for another 10-year term. In a unanimous vote, Seattle City Council’s decision to renew will extend cleaning, safety, and hospitality services until 2033. MID is managed by the Downtown Seattle Association (DSA) and funded by downtown businesses and property owners. One hundred [..]
Industry News
Technology, communications, and new tools highlighted at NWMLS spring membership meetings
Technology will continue to push Northwest Multiple Listing Service forward stated Tom Hurdelbrink, president and CEO, at the NWMLS spring membership meetings. Both in-house and external sources will be used to develop and support technology to strengthen member brokerages and the MLS itself. Technology was listed as one of five [..]
Industry News
Homeownership a major factor in wealth-building
Middle-income homeowners experienced 68% appreciation in their homes in the past decade, according to a new report by the National Association of Realtors®. The report, Wealth Gains by Income and RacialEthnic Group, showed middle-income owners accumulated $122,100 in wealth in the last 10 years. Middle-income homeowners in the Seattle-Tacoma-Bellevue metro [..]
Industry News
NAR reports on home buyers and sellers generational trends
Baby boomers made up 39% of home buyers last year– more than any other generation, and up from 29% in 2021, according to the 2023 Home Buyers and Sellers Generational Trends report from the National Association of Realtors®. Millennials (now ages 24 to 42) had been the top homebuying cohort since [..]
Industry News
Affordable Housing Week offers full slate of education and advocacy events
More than a dozen events are scheduled for this year’s Affordable Housing Week (AHW), being observed May 7-13 throughout King County. Now in its 8th year, the event features a series of education and advocacy events highlighting the role affordable housing plays in stabilizing communities. AHW kicks off on Monday, [..]