NEWS & INSIGHTS
What’s Happening
Industry News
Mandatory education on Fair Housing now in effect
Real estate licensees in Washington must complete a new 6-hour Fair Housing course under a law that went into effect on June 1. Additionally, only pre-approved schools or instructors may offer the mandatory course titled “Washington Real Estate Fair Housing (6-hr) (3-hr).” This is the only course approved to date. [..]
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
Support for Ukraine, urgent need for medical supplies and more
A NWMLS broker is working directly with the Washington State Ambassador to Ukraine to collect funds for humanitarian aid. Many hospitals in Ukraine have been destroyed and there is a critical need for medical supplies. You can help by making a donation to the Ukrainian Association of Washington State. You [..]
Industry News
News In Brief: June 2022
The Evergreen State ranked No. 1 as the best state for nurses, according to a recent WalletHub study. WalletHub said it compared all 50 states using 21 metrics and Washington took home the top spot, edging Maine, New Mexico, Minnesota, New Hampshire and Oregon, respectively. Some of the criteria included [..]
Industry News
Existing home sales shrink, price appreciation grows
Existing home sales around the country continued to slide in April, falling to the lowest level since June 2020. Analysts at the National Association of Home Builders attributed the decline to rising mortgage rates and higher home prices, stating that combination is pricing out first-time and young buyers. Citing data [..]
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 [..]
Monthly Market Update
Western Washington housing market “more balanced, and not so crazy – and that’s a good thing”
"Home sellers really need to re-think their expectations," suggested Mike Larson, a member of the board of directors at Northwest Multiple Listing Service (NWMLS) when commenting on statistics summarizing May activity.
Industry News
Seattle ranks high in three categories, but below-average on the environment
Seattle ranks among the top 10 large cities based on AARP’s recently redesigned Livability Index with a score of 60, placing it 8th on the list. The Emerald City notched strong performances in the transportation, neighborhood, and health categories, but was below the national average on its environment score. AARP [..]
Industry News
Affordable Housing Week: May 8 – 14 All in for Housing
Affordable Housing Week will be observed May 8-14 when the Housing Development Consortium hosts a stellar lineup of speakers and panelists who will discuss homelessness and affordable housing in King County. Now in its seventh year, this year’s event is focused on the theme “All in for Housing.” It will [..]
Industry News
News In Brief: May 2022
A recent Stessa report reported by KOMO News found what many Seattle-area residents already know: rent is pricier in the Emerald City than it is in just about any other metro. The report from Stessa – a finance tool that helps real estate investors “maximize their profits” with rental properties [..]