NEWS & INSIGHTS
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Blog
Sell Score: A Powerful Prospecting Tool
Realist Sell Score is a powerful prospecting tool that can help you predict the likelihood of a property going on the market within the next six months. The Sell Score algorithm analyzes a variety of factors, including length of home ownership and current mortgages, to assign a score from 0 [..]
Industry News
News In Brief: May 2021
Washington state’s economy has weathered the coronavirus pandemic better than any other state in the nation, a newly released study has found. The report, by personal finance website WalletHub, compared the 50 states and the District of Columbia across 13 key metrics, including the share of employment from small businesses to [..]
Industry News
“Priced out” gaps for new homes vary widely by race, ethnic groups
Affordability challenges for new home buyers continue to be more pronounced for minority households, according to the latest “priced out” estimates by the National Association of Home Builders (NAHB). Only 24% of Black households can afford a new home at the U.S. median price of $346,577, according to an analysis [..]
Blog
Offer Review Dates
The Pacific Northwest has been experiencing an extremely strong seller’s market in 2021 with an average of only two weeks of inventory. In a hot seller’s market, setting an offer review date is a strategy that can generate higher offers by increasing buyer competition. Comparison of the percentage of list [..]
Press Release
Oak Harbor broker tapped to chair Northwest MLS Board
Randall (Randy) Fischer, managing broker at Coldwell Banker 360 Team in Oak Harbor, has been elected chairman of the Northwest Multiple Listing Service (NWMLS) board of directors. Other new officers for 2021 include Stuart Heath, vice chairman, Chris Millsap, treasurer, and Jeff Pust, secretary. Brokers Keith Bruce, David Maider, and [..]
Industry News
Seattle is #9 (but also #1 and #5)
Seattle ranked ninth among 58 large cities that were evaluated for their walkability and outdoor recreation assets. The rankings were compiled by COMMERCIALCafé, a real estate listings and data provider. Six metrics were used to determine the rankings, with New Orleans coming out on top by scoring 68.29 points on [..]
Industry News
DOL implements paperless license retention requirements
Paper copies of real estate licenses no longer need to be given to a broker’s firm or designated broker for retention. The Department of Licensing (DOL) eliminated that requirement effective April 29, 2021, although individual brokerages may have different policies requiring copies of licenses. DOL also abolished its requirement that [..]
Industry News
94 communities in Washington earn “Tree City USA” designations
Nearly half of Washington’s residents (48.25%) live in one of the state’s 94 “Tree City USA” communities, according to the Arbor Day Foundation. Collectively, these communities planted 46,517 trees, and spent, on average, $10.31 per capita for urban forestry management during 2019 (the most recent reporting period). Mountlake Terrace became [..]
Monthly Market Update
Northwest MLS brokers say bidding wars, escalating prices, and buyer fatigue are widespread
KIRKLAND, Washington (April 7, 2021) – Brokers with Northwest Multiple Listing Service (NWMLS) added 10,562 new listings to inventory during March — the highest volume since September when they added 11,210 properties to the selection. Even so, demand continued to outstrip supply, keeping inventory depleted. The latest statistical summary from [..]
Industry News
NWMLS spring meeting covers service, system and legal updates
In opening comments at the spring general membership meeting of member-brokers (held virtually), Northwest Multiple Listing Service President and CEO Tom Hurdelbrink noted the date coincided with the one-year anniversary of Governor Inslee’s first stay-home directives to curb the spread of COVID-19. Those mandates led to a series of frequently [..]