NEWS & INSIGHTS
What’s Happening
Industry News
Community reuse center notches notable numbers for 2021
The RE Store, a community reuse center that is part of RE Sources, posted some impressive numbers for its waste reduction efforts during 2021. The nonprofit organization operates a retail location in the Fountain District of Bellingham as well as an online store for curbside pick-up. Among last year’s accomplishments [..]
Industry News
Economist expects “rocky road” for homebuyers
Forecasts from some of the country’s largest real estate services firms predict a less frenzied housing market in 2022, with prices rising at a more moderate rate than during 2021. Buyers should expect a rocky road over the next few months, suggested Daryl Fairweather, chief economist at Redfin. Data compiled [..]
Industry News
Responding to drought, Las Vegas bans grass for new homes
Building on existing restrictions for water use, the Southern Nevada Water Authority passed resolutions last month that ban grass for all new housing and commercial developments in the Las Vegas metro area. The not-for-profit water agency also approved a measure to ban evaporative cooling machines, also known as “swamp coolers.” [..]
Monthly Market Update
Northwest MLS brokers end 2021 with depleted inventory, rising prices, weather disruptions
KIRKLAND, Washington (January 6, 2022) – Severe shortages of inventory, record-low temperatures and snow restrained December housing activity around Washington state beyond expected seasonal slowdowns, according to a new report from Northwest Multiple Listing Service. Summary statistics from the MLS show the volume of new listings added area-wide dropped 12.3% [..]
Industry News
Northwest MLS fall meetings update members on diverse topics
Amid pandemic-related uncertainties and ever-changing mandates, Northwest Multiple Listing Service (NWMLS) stayed focused not only on its core services, but also on some strategic initiatives, reported CEO Tom Hurdelbrink during last month’s meetings for member-brokers. The meetings, held virtually, also included updates on the latest membership survey, MLS services and [..]
Industry News
Potential buyers cite bidding wars as top obstacle
Getting outbid is the top reason serious house-hunters say is why they can’t buy a home. Nevertheless, about half these long-time searchers intend to keep looking for the “right” home in the same location. Those conclusions were among findings in the 3rd quarter Housing Trends Report from the National Association of [..]
Industry News
Rising prices appear to be discouraging prospective buyers
Fewer prospective buyers tried to buy a home during the third quarter of 2021 compared to the previous quarter. The decrease reversed six quarters of steady gains, according to the Housing Trends Report from the National Association of Home Builders (NAHB). The share of would-be buyers trying to find a [..]
Monthly Market Update
Northwest MLS brokers not seeing much seasonal slowdown, say buyers still need to be bold
KIRKLAND, Washington (December 6, 2021) – Historically soggy weather and the onset of holidays did not deter thousands of buyers and sellers during November, based on the latest report from Northwest Multiple Listing Service. Numbers for new listings, pending sales, and closed sales were comparable to year-ago totals, while prices [..]