NEWS & INSIGHTS
What’s Happening
Monthly Market Update
Will Increases in Inventory and Lower Mortgage Rates Ease Affordability?
Mortgage rates are at their lowest level since March 2023 (6.35% for a 30-year fixed rate mortgage as of August 29th).
Blog
Analyzing Homes Eligible for the Down Payment Resource Program: Listing Data & Market Trends
Northwest MLS brokers have access to the Down Payment Resource (DPR) program, which connects homebuyers with various down payment assistance programs to help them purchase homes. The DPR program generates a list of potential assistance programs depending on the buyer’s housing and financial criteria. This program is integrated into the [..]
Blog
The Evolution of Training: 40 Years of Powering the Region’s Real Estate Industry
Since our inception, Northwest Multiple Listing Service (NWMLS) has offered comprehensive training to our members to help them get the most out of our products and learn how to run an efficient real estate business. As NWMLS celebrates our 40th anniversary in 2024, let’s take a look back at how [..]
Blog
New Construction Homes: Listing Data & Market Trends
There are many benefits to purchasing a newly-constructed home or condo. With all new everything, from appliances and flooring to plumbing and electrical, new construction is a popular choice for those who are seeking a turn-key home. NWMLS brokers have access to a huge database of available properties and can [..]
NWMLS In The News
NWMLS offers tools and resources to enhance broker marketing strategies
Monthly Market Update
High Interest Rates Still a Problem, but Markets Are Improving
High mortgage interest rates continue to be a drag on home sales, discouraging both potential buyers facing high-rate mortgages and would-be sellers wanting to keep their low-rate mortgages.
Blog
The Evolution of Listing Input: 40 Years of Powering the Region’s Real Estate Industry
As Northwest Multiple Listing Service (NWMLS) celebrates our 40th Anniversary in 2024, let’s take a look back at how the process of inputting for-sale properties into the MLS database has evolved over the last four decades. Before the 1980s – Listing Cards & NCR Paper Forms Before a database was [..]
Blog
Grow Your Business with NWMLS
Interested in learning how NWMLS can enhance your real estate business? In addition to our core Products & Services, here are a few tools and resources specifically designed to help you increase your marketing and client prospecting efforts: Call us at 425-820-9200 for more information how to become a member [..]
Blog
Waterfront Homes: Listing Data & Market Trends
The Pacific Northwest is defined by its abundance of water, from the Pacific Ocean to Puget Sound, plus hundreds of lakes, rivers, and creeks. With so much variety, NWMLS provides brokers with numerous options to list and search for different types waterfront property. We’ve taken a look at the NWMLS [..]
Monthly Market Update
Increased inventory leads the way to market stabilization
Washington counties covered by NWMLS continue to follow seasonal trends with respect to inventory levels yet divert from typical patterns with regard to transaction volume.