NEWS & INSIGHTS
What’s Happening
Industry News
Housing affordability challenges face home buyers and renters
Describing the housing market as being at an inflection point, authors of The State of the Nation’s Housing 2022 expect both record-breaking home prices and rents to cool as interest rates climb. They also found troubling racial and ethnic disparities, along with persistent affordability challenges. This year’s report from the [..]
Industry News
Housing briefing for public officials explores solutions for attainable housing
To set the stage for a discussion on “missing middle housing,” featured speaker Karen Parolek presented some key data on shifting household demographics: Today, 30% of households are single persons; By 2025, 75-85% of households will not have children; By 2030, 1 in 5 Americans will be 65+; Increasingly, multi-cultural [..]
Industry News
News In Brief: August 2022
Washington state is one of the nation’s best for wellness, according to a new study from lifeextension.com. The wellness company used 11 metrics across three main categories in all 50 states and the District of Columbia: physical and mental health, access to national parks and nature, interest in integrative health [..]
Monthly Market Update
Brokers say all parties in housing transactions need to recalibrate during shifting market
New statistics from Northwest Multiple Listing Service confirm reports of a shifting housing market, prompting one industry leader to suggest "all parties involved in a transaction today have to recalibrate."
Industry News
Remembering beloved REALTOR Van Anderson
During a distinguished real estate career that spanned nearly six decades, Evangeline (Van) Anderson didn’t tally the number of transactions she wrote or commissions she earned. For her, the greatest rewards were the REALTOR® and client friends she made. (More than 1,200 were Facebook friends.) Several of Van’s colleagues gathered [..]
Industry News
Developers rethinking amenities as consumer preferences shift
Trend tracking research from The New Homes Trends Institute (NHTI) indicate what consumers want in master planned and rental communities is changing, requiring developers to rethink their offerings. Researchers identified three low cost, high impact amenities that merit consideration as add-ons: Concierge and rental services Amenities that facilitate working from [..]
Industry News
NWMLS again updates rules and forms to enhance transparency and flexibility for brokers and consumers
Revisions relate to broker compensation to promote innovation and competition Northwest Multiple Listing Service (“NWMLS”), building on updates implemented in 2019, announced additional revisions to its rules and forms. These member-driven revisions further enhance transparency regarding broker compensation and create additional opportunities for consumers and brokers to discuss and negotiate [..]
Industry News
Housing Connector marks milestones in assisting the unhoused
Heralding their tool as a win-win example of what can happen when businesses join forces with communities around a shared vision, the founders and initial supporters of Housing Connector are celebrating recent milestones. Housing Connector is a business-to-business nonprofit that functions as the bridge that connects private multifamily property owners [..]
Industry News
News In Brief: July 2022
The Emerald City boasts the third-fastest-rising rent year over year in the country, according to a new report from Redfin. The Seattle-based real estate company found the median monthly asking rent in the United States in May surpassed $2,000 a month for the first time, up 15.2 percent year over [..]