NEWS & INSIGHTS
What’s Happening
Industry News
SKCR Events Calendar: May 2022
Date Event Time Where Phone May 1 – 6 NAR Legislative Meetings National Harbor 425-974-1011 May 18 YRN Brunch & Networking 10:00 a.m. – 12:00 p.m. WAC 425-974-1011 For updates visit: www.nwrealtor.com and click “events”
Industry News
Priced-out trend is real
The priced-out phenomenon is real, explained internationally acclaimed economist and syndicated columnist Elliot Eisenberg, in a recent blog. Dr. Eisenberg compared the median price of a house and interest rates in March 2021 and March 2022. In March 2021, the median price was $326,350 and the interest rate on a [..]
Industry News
City-County agreement will yeild 81 homes for low-income households
Nearly three acres of land that has been vacant for 15 years will be developed for mixed income housing under an agreement between the city of Tacoma and Pierce County. The county agreed to transfer the property on Pacific Avenue in Tacoma based on a proposal by Mercy Housing Northwest. [..]
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 [..]
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
Seattle dad and son start company to process hard-to-recycle items
Consumers who are looking for ways to sustainably dispose of items not allowed by many curbside services may have a new option thanks to Ridwell, a fast-growing Seattle-based company started in 2017 by a dad and his then 6-year-old son. Offering regular front porch pick-ups to its member-subscribers, the company [..]
Industry News
Improving housing inventory, rising costs may bring some “normalcy” to Western Washington market
KIRKLAND, Washington (May 5, 2022) – Rising interest rates and inflation, coupled with slight improvement in inventory, may bring some normalcy to Western Washington’s frenzied housing market suggest some brokers with Northwest Multiple Listing Service. Read the Full Press Release Other resources: Market Report Video Statistical Reports (Members Only)
Monthly Market Update
Improving housing inventory, rising costs may bring some “normalcy” to Western Washington market
Rising interest rates and inflation, coupled with slight improvement in inventory, may bring some normalcy to Western Washington's frenzied housing market suggest some brokers with Northwest Multiple Listing Service.
Press Release
Northwest Multiple Listing Service transitions to OneHome platform to enhance home searching, buying, and selling process
Listings in the Northwest Multiple Listing Service database attracted more than 3.7 million online views during March. The activity reflects views by around 109,000 unique visitors who used the recently launched OneHome™ platform. Northwest Multiple Listing Service (NWMLS), the leading resource for the region’s residential real estate industry, selected CoreLogic’s [..]