NEWS & INSIGHTS
What’s Happening
Press Release
NWMLS brokers log 64,208 sales during 2023
Transactions are valued at nearly $48 billion Northwest MLS, the source for the most current, accurate market listing data in Washington state, today released its Annual Report on sales and listing activity for 2023. The activity in the report reflects the work of its more than 32,000 brokers in over [..]
Blog
The History of Northwest Multiple Listing Service: Powering the Region’s Real Estate Industry for 40 Years
“The multiple listing concept emerged in the late 1940s in the form of cooperative listing exchanges. They originated with brokers sharing information over coffee. Eventually, details on available properties were compiled on a card system, then catalogued in books.” In 1984 Puget Sound Multiple Listing Association (PSMLA) was formed when [..]
Monthly Market Update
Signs of optimism despite reduced inventory
The new year kicks off with some hopeful signs for buyers within the real estate market.
Press Release
NWMLS Incoming President & CEO Elected to Council of Multiple Listing Services Board of Directors
Northwest Multiple Listing Service (NWMLS) incoming President & CEO Justin Haag was elected to the board of directors of the Council of Multiple Listing Services (CMLS), the professional trade organization serving the multiple listing service industry. His three-year term on the CMLS board will begin January 1, 2024. CMLS consists [..]
Blog
Holiday Staging Tips
Though the holidays are historically one of the slower seasons in real estate, that doesn’t mean that there aren’t any house-hunters out there looking to ring in the New Year in a new home.
Industry News
Workshop reviews model ordinance, user guide for Middle Housing
More than 100 people from various housing interests took part in an online workshop last month on the Middle Housing Model Ordinance. That bill was developed in response to an identified need for 1.1 million new homes over the next 20 years across the income spectrum, along with 91,357 emergency [..]
Industry News
FHA, FHFA raise loan limits for 2024
Both the Federal Housing Administration (FHA) and the Federal Housing Finance Agency (FHFA) announced late last month they would increase loan limits in 2024. The FHA floor, or lowest limit for any area of the country, will increase from $472,030 to $498,257, while the maximum amount the agency will insure [..]
Industry News
SuitUp program exposes students to real-life business competitions, career options
“Affordable housing is important because ALL people should have access to housing that is safe and in good condition,” say students who took part in a career awareness program based on addressing the shortfall of affordable housing. Middle school students in New Jersey teamed with mentors from John Burns Research [..]
Industry News
Nonprofit with two offices in Washington state promotes close-to-home greenspaces for all
Creating an equitable park system is one goal of the Trust for Public Land (TPL), a national nonprofit “that works to connect everyone to the benefits and joys of the outdoors.” At a program last month presented in collaboration with Kirkland Parks and Community Services, Mitsu Iwasaki, TPL’s associate vice [..]
Industry News
Sellers cutting prices, offering incentives
More than a third of every home that sold during a recent three-month timeframe involved some type of seller concession. Home sellers nationwide cut prices on one of every five active listings during October. Those were among the findings from an analysis of pricing data by Redfin Corp. Among concessions [..]