NEWS & INSIGHTS
What’s Happening
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
Issues & Impacts: July 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
Industry News
Brokers, home buyers welcome growing inventory and market returning to “some sense of normalcy”
KIRKLAND, Washington (July 6, 2022) – Housing statistics from Northwest Multiple Listing Service for June show signs of a shifting market, creating opportunities for some buyers. Compared to a year ago, Northwest MLS (NWMLS) brokers reported a healthy jump in inventory, double-digit drops in both pending and closed sales, and the [..]
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 [..]
Monthly Market Update
Brokers, home buyers welcome growing inventory and market returning to “some sense of normalcy”
Housing statistics from Northwest Multiple Listing Service for June show signs of a shifting market, creating opportunities for some buyers. Compared to a year ago, Northwest MLS (NWMLS) brokers reported a healthy jump in inventory, double-digit drops in both pending and closed sales, and the smallest year-over-year (YOY) increase in [..]
Press Release
Northwest Multiple Listing Service again updates rules and forms to enhance transparency and flexibility for brokers and consumers
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 compensation. The changes, effective October 3, 2022, provide greater flexibility [..]
Industry News
Builder confidence sinks amid growing affordability challenges
Growing affordability challenges are causing builder confidence in the housing market to erode, according to the National Association of Home Builders. NAHB believes these challenges are growing. The latest NAHB/Wells Fargo Housing Marketing Index (HMI) showed an eight point drop in builder confidence for newly built single-family homes in May, [..]
Industry News
Africatown project underway for affordable housing with Afrocentric inspired amenities, community spaces
Construction of a long-anticipated development encompassing 126 affordable housing units and flexible, Afrocentric inspired amenities and community spaces is underway in Seattle’s Central District. The seven-story structure culminates years of negotiation and planning coupled with unique financing to create a project that addresses affordability, displacement, and gentrification in the area. [..]
Industry News
SKCR Events Calendar
Date Event Time Where Phone June 13 Charity Golf Tournament 11:00 a.m. – 5:00 p.m. Redmond Ridge 425-974-1011 June 14 Gov’t Affairs Committee 10:30 a.m. – 1:00 p.m. SKCR 425-974-1011 June 15 YRN Brunch & Networking 10:00 a.m. – 12:00 p.m. WAC 425-974-1011 July 4 Holiday – Office Closed For [..]
Industry News
White House “Housing Supply Action Plan” draws praise from housing industry leaders
An ambitious Housing Supply Action Plan unveiled last month by President Biden aims to close the country’s housing supply shortfall within five years. Using a combination of legislative and administrative initiatives, the plan — which the administration called the most comprehensive “all-of-government” effort in history — drew a generally positive [..]