NEWS & INSIGHTS
What’s Happening
Monthly Market Update
“Extraordinary market conditions” sustain strong home sales around Washington state during holidays
KIRKLAND, Washington (January 6, 2021) – “Insatiable buyer demand” is keeping inventory scarce as house hunters try to outmaneuver and outbid each other, according to reports from Northwest Multiple Listing Service (NWMLS). Its statistical summary for December showed strong activity throughout the holiday season with double-digit increases in new listings, [..]
Industry News
Home appreciation reaches highest level since 2014
Homeowners with mortgages saw an average equity gain of $17,000 for the third quarter of 2020 compared to the same period a year ago. Owners in Washington state enjoyed more than double the U.S. amount with an average gain of $35,800 according to the CoreLogic® Home Equity Report. CoreLogic reported [..]
Industry News
Issues & Impacts: January 2022
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
Washington #13 among “Most Educated States”
Washington ranked 13th in a Work + Money report on the most educated states in the U.S. The digital media site reported the 13.1 percent of Americans who hold an advanced degree (as of 2018) earned on average 3.7 times more than those who had not completed high school. Washington [..]
Industry News
Housing experts expect post-pandemic rebound
Spokane-Spokane Valley is expected to be a “top 10” market during and in a post-COVID environment, according to the National Association of Realtors®, which made the prediction as part of last month’s second annual Real Estate Forecast Summit. It was the only area within Washington state to make the list. [..]
Industry News
Unlike Silicon Valley, Seattle dodges “techie exodus”
With pandemic-induced “work-from-anywhere” policies being implemented at countless companies, several urban areas are experiencing high rates of outmigration. Seattle seems to be faring just fine, according to “inflow-outflow ratio” data from LinkedIn, and other research. That contrasts with Silicon Valley, where the rate of relocating employees and investors has been [..]
Industry News
Veteran policy consultant offers insights for housing advocates
In a special presentation tailored to Realtor associations, veteran public policy/communications consultant Michael Luis discussed constraints and strategies for working effectively with local governments. Drawing on his experiences as an elected official and executive with local not-for-profit and economic development organizations, the Medina resident offered insights on changing land use [..]
Industry News
Free app helps Washingtonians stop the spread of COVID-19
During the first 100 hours after WA Notify launched, more than 1 million users had downloaded the simple, anonymous exposure notification tool on their smartphones. The free app, designed to help stop the spread of COVID-19, is available for iPhones and Android phones, and is offered in 29 languages. By [..]
Industry News
News In Brief: January 2021
Rents in Seattle are continuing to decline month after month amid the coronavirus pandemic. November data from ApartmentList found that Seattle rents declined 5.6% month over month and are down nearly 20% since the start of the pandemic in March. For the past eight months straight, Seattle has seen its [..]