NEWS & INSIGHTS
What’s Happening
Industry News
Seattle startup builds portal for Americans to buy vacation homes in Mexico
A Seattle-based startup aims to simplify buying and selling real estate internationally, with an initial focus on Mexico. FarHomes organizes online listings by destination with current offerings priced from $100,000 to more than $3 million. The options on the portal range from small condos to beachfront mansions. Interested buyers are [..]
Industry News
News In Brief: November 2022
The Highline Public Schools Bond (Proposition 1) earned unanimous endorsement from Seattle King County REALTORS® (SKCR). The measure, which seeks to raise nearly $518.4 million and needs a 60% yes vote to pass, will be on the November 8 General Election ballot. The Realtor endorsement followed a presentation by district [..]
Monthly Market Update
Northwest MLS brokers say motivated home buyers turn to creative financing options
Brokers with NWMLS are reporting a return to some creative financing methods as motivated home buyers and sellers grapple with higher mortgage rates.
Blog
Autumn Home Maintenance
Our Top 8 Tips Whether you are getting ready to put your house on the market, or just need some advice to keep your home in tip-top shape, autumn is the perfect time to prepare your home for the cold months ahead. A well-cared for home not only looks good, [..]
Monthly Market Update
Brokers say home buyers “finally get some relief” with return to “more traditional market”
The report on September activity shows active listings are nearly doubled from a year ago, pending sales declined more than 31%, but prices in most counties are still rising.
Industry News
NAR report shows dips in sales, supply during August, but prices still rose
Existing home sales across the U.S. decreased during August, as did inventory, while the median sales price for existing homes rose from a year ago, according to the National Association of REALTORS® (NAR). The sales drop – down 0.4% from July and 19.9% from the previous year — marked the [..]
Industry News
John Burns Real Estate analysts doubt housing market will evade slump
Many would-be home buyers are handcuffed in the wake of escalating mortgage rates, according to Rick Palacios Jr. at John Burns Real Estate Consulting. With rates above 6%, home sales, construction volumes and even home prices in many markets are falling, he notes. Palacios, a managing principal and the director [..]
Industry News
Home builders report impressive growth between 2020 and 2021
Home builders reported significant growth in activity between 2020 and 2021, according to the latest member census from the National Association of Home Builders. The NAHB report showed the median gross revenue of a member builder in 2021 was $3.3 million, up an impressive 26.9% from the previous year, although [..]
Industry News
Issues & Impacts: October 2022
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