NEWS & INSIGHTS
What’s Happening
Industry News
45,000 newcomers move to Seattle each year
Seattle was the destination for more than 45,000 newcomers who relocated here each year from 2012 to 2016, and many of them are affluent, according to an analysis by columnist Gene Balk, the “FYI Guy” at The Seattle Times. While the perception may be they’re all tech workers, the reality [..]
Industry News
Kent, Renton among recipients of Smart Communities Awards
Two King County cities, Kent and Renton, were among winners of a 2018 Smart Communities Award. The program, now in its 13th year, recognizes achievements by local leaders who promote smart growth planning and projects that contribute to thriving communities, a prosperous economy, and sustainable infrastructure in the State of [..]
Industry News
Responding to Seattle’s “market pivot,” developer will build condo tower instead of apartments
What was initially planned as downtown Seattle condominiums, and then reconceived as luxury apartments, will, in fact, be condos. Developers announced the switch in mid-June, shortly before breaking ground. Named SPIRE, the slender 41-story tower on a triangular shaped site near the Seattle Center, will encompass 352 residences with prices [..]
Industry News
Real estate guru shares six real-estate related insights
Mortgage rates will rise, a downturn in housing is unlikely, presidential appointees will maintain a firm grip on mortgage policy, and building materials expenditures will grow. Those expectations were among insights discussed by real estate “guru” John Burns at a recent webinar. Burns, the founder and CEO of John Burns [..]
Industry News
Improving inventory creating long-awaited opportunities for buyers
KIRKLAND, Washington (June 5, 2018) – Member-brokers of Northwest Multiple Listing Service added 14,524 new listings during May, the first time that volume topped 14,000 since May 2008. “With eyes peeled for potential shifts in a market that’s felt like ‘more of the same,’ the recent uptick in new listings [..]
Industry News
NWMLS Monthly Market Snapshot
Share on Social Media You are able to download the infographic to republish on your website or provide to clients. Usage Terms Subscribers may provide NWMLS’s Market Snapshot infographics to clients and prospective clients. Subscribers may republish NWMLS’s Market Snapshot infographics on websites, blogs, e-mails, newsletters, postcards, etc. Subscribers may [..]
Industry News
News In Brief
According to the Wall Street Journal, Mortgage financing giant Freddie Mac has announced it will offer low-cost loans to multifamily property owners who keep their buildings affordable to middle-class families. Landlords will receive lower interest rates if they agree to make the majority of their units affordable for tenants who [..]
Industry News
Majority of homeowners plan to remodel, not move
Current homeowners – by a wide margin – say they plan to never move. A new survey by Bankrate found 21 percent of homeowners plan to move within five years, but a whopping 62 percent say they plan to stay put. The Bankrate survey also revealed a strong preference for [..]
Industry News
SKCR Events Calendar
Date Event Time Where Phone 5/13-18/19 NAR Meetings Washington, DC 425-974-1011 5/23/19 First Citizen Banquet 5:30 pm – 9:30 pm Fairmont Hotel, Seattle 425-974-1011 5/27/19 Holiday – Office Closed 6/4/19 Housing Issues Briefing 11:30 am – 1:30 pm Meydenbauer Center 425-974-1011 For updates visit: www.nwrealtor.com and [..]
Industry News
Vulcan volunteers converge for single-day buildout of tiny houses
Five hundred volunteers convened at CenturyLink Field Event Center on May 25 to take part in “Vulcan Converge,” a day of service for employees, former Seahawks and other volunteers. Their goal was to build 30 tiny houses. The completed houses will be donated to a tiny house village in Seattle’s [..]