NEWS & INSIGHTS
What’s Happening
Industry News
Golf course seeks rezone of tiny parcel for future homes
Up to 32 new homes along a busy transit corridor could be built if the city of Bellevue approves a rezone application from Glendale Country Club. The private club’s property is currently zoned single-family (SF R-1), but it is adjacent to single-family R-2.5 and multifamily R-20 and R-30 zoned properties [..]
Monthly Market Update
Buyer hesitancy sidelines some while others compete for scarce housing inventory
KIRKLAND, Washington (November 4, 2021) – Northwest Multiple Listing Service brokers are detecting indecisiveness by some buyers who are getting mixed “work from home” messages from their employers. The hesitancy, coupled with cooler, wetter weather and increases in mortgage rates were likely factors in slower listing and sales activity during [..]
Industry News
Outlook for homeownership dims
Fewer Americans aspire to own a home, according to research by the National Association of Home Builders. The group’s latest Housing Trends Report showed the share of adults planning a home purchase within a year slipped to 16% for the third quarter of 2021, reversing five consecutive quarters on rising [..]
Industry News
SKCR Events Calendar
Date Event Time Where Phone November 10 – 15 NAR Annual Conference San Diego, CA 425-974-1011 November 11 Affiliate Council 9 a.m.-10 a.m. Zoom 425-974-1011 November 25 Holiday-Office Closed 425-974-1011 December 7 Gov’t Affairs Committee 10:30 a.m. – 1:30 p.m. SKCR or Zoom For updates visit: www.nwrealtor.com and look under [..]
Industry News
Real estate wire fraud
Real estate wire fraud is among the most prevalent cybercrimes in the U.S. Much of the growth is attributed to the coronavirus pandemic, which drove more commerce online. To combat the problem, several real estate industry groups are mounting campaigns to educate those involved in a transaction – and especially, [..]
Industry News
News In Brief: November 2021
Get ready to pay sharply higher bills for heating this winter, along with seemingly everything else according to a report by KOMO News. With prices surging worldwide for heating oil, natural gas and other fuels, the U.S. government said Wednesday it expects households to see jumps of up to 54% [..]
Industry News
Northwest MLS unveils new client portal
Northwest Multiple Listing Service unveiled a new client portal called OneHome™ last month. Creators of the secure, easy-to-use platform promise “the timeliest and most robust information in the industry.” Upon answering a series of questions, clients can see at a glance how closely a property fits their criteria, thanks to [..]
Industry News
Issues & Impacts: October 2021
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
News In Brief
Data from the 2020 Census shows the central Puget Sound region added another 600,000 people in the last 10 years. The population now stands at 4.3 million, up from 3.7 million in 2010. To put that in perspective, we’ve added about the equivalent of two Kitsap counties since the last [..]
Monthly Market Update
Northwest MLS brokers report gains in new listings, closed sales, prices versus year ago
KIRKLAND, Washington (October 6, 2021) – September’s housing market remained “very active” to “frenzied” around Washington state with brokers reporting year-over-year (YOY) gains in new listings, closed sales, and prices. Brokers with Northwest Multiple Listing Service also detected growing stability in the condominium market. “Historically low interest rates continue to [..]