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Industry News
News In Brief
A new report from the Washington State Department of Commerce found that the state needs to add 1.1 million homes over the next 20 years to keep up with expected population growth. That averages out to more than 50,000 new units a year and Commerce said half of those homes need [..]
Monthly Market Update
Brokers around Washington state say spring market is “finally showing up”
Real estate brokers around Washington state say the market is moving in a positive direction with the spring market “finally showing up in March.” Newly-released statistics from Northwest Multiple Listing Service show declines in some key metrics for March compared to 12 months ago, but steady gains when compared to [..]
Blog
Six Design Trends to Try in 2023
Updating your space can be as easy as applying a new coat of paint or adding timeless treasures from your local thrift shop. Check out these hot design trends for ideas on how to add a little flair to your home in 2023.
Industry News
Amazon invests additional $25 million for state’s affordable housing
Amazon is earmarking $25 million for a new public-private housing fund to build affordable homes near transit across Washington state. The funding is from the company’s $2 billion Housing Equity Fund it announced in 2021 to create or preserve 20,000 affordable homes in its headquarters locations. The tech giant is [..]
Industry News
Racial homeownership gaps still persist
Two recent reports analyzed the persistent gaps in homeownership between white households and people of color. In an analysis by the Joint Center for Housing Studies at Harvard University (JCHS), a researcher concluded coordinated policies and programs, at both state and national levels, are needed to address racial homeownership gaps. [..]
Industry News
Seattle King County REALTORS® joins initiative to boost region’s rate of Black homeownership
Seattle King County REALTORS® (SKCR) deepened its commitment to housing equity by joining the Black Home Initiative network (BHI). The association’s board of directors approved joining the regional program to support the goal of generating 1,500 new low- to moderate-income Black homeowners in the next five years. “Realtors know the [..]
Industry News
Institutional investors may be scaling back in some markets
Institutional investors bought fewer homes during the fourth quarter of 2022 compared with the same period of 2021, but their market share held steady. Those were among the conclusions of a report by Redfin Corp. Its analysis of 40 major U.S. housing markets showed investor purchases plummeted 45.8% annually in [..]
Industry News
Seattle #4 on New Flex Index
Seattle is the 4th most flexible metro area in the United States and Washington ranks 3rd among states, according to a new index from Scoop Technologies. Rankings were tallied from around 4,000 companies with 25,000 office locations and 100 million employees. “Work’s future and success depend largely on flexibility – [..]
Industry News
Northwest Green Home Tour
Join the green movement! This year’s Northwest Green Home Tour, a free-to-the-public showcase, is scheduled for April 29 from 11 AM to 5 PM. Produced by the Northwest EcoBuilding Guild, the event features “projects in all shades of green” around the Puget Sound area. It includes backyard cottages, remodels, energy [..]