NEWS & INSIGHTS
What’s Happening
Industry News
New In Brief: September 2023
Despite the cooling housing market, Seattle-area buyers now need to earn more money than a year ago to afford a starter home — typically priced in the low to mid-$500,000s according to the Seattle Times. Seattle-area householdsneed to make nearly $142,000 a year to afford a typical first home in [..]
Industry News
Northwest Green Building Slam
Real estate professionals are invited to join architects, builders, energy efficiency experts, homeowners, interior designers, and others at this year’s Northwest Green Building Slam presented by Northwest EcoBuilding Guild. Scheduled for Saturday, October 14, the event features a slam-style program with 10 speakers. Each presenter is allowed 10 minutes and [..]
Industry News
Built Green Conference 2023
Register for the Built Green Conference today! Your ticket provides full access to all tracks, sessions, and keynote presentations scheduled during the Built Green Conference. Ticket includes networking opportunities, snacks, a full lunch, and reception.
Industry News
Builders say size of new homes trending lower
Single-family homes being built this year are the smallest since the end of 2010, according to a report from the National Association of Home Builders. NAHB analyzed second quarter 2023 data from the Census Quarterly Starts and Completions by Purpose and Design. Their research found the median single-family square floor [..]
Industry News
Northwest MLS CEO Tom Hurdelbrink announces retirement
Tom Hurdelbrink, president and CEO at Northwest Multiple Listing Service, plans to retire at year end. Justin Haag, NWMLS general counsel, will succeed Hurdelbrink, effective January 1, 2024. His appointment followed a succession planning process led by the board of directors. Since joining Northwest MLS in 2008, Hurdelbrink has led [..]
Industry News
Seattle among top destinations for tech and finance talent
Seattle remains a top destination for tech and finance talent, registering positive net migration from both 2021-2022 and from 2022-2023. The rankings from CBRE’s “Scoring Tech Talent” report come despite a recent budget report from the city of Seattle warning of “stronger economic headwinds” compared to the rest of the [..]
Industry News
Airbnb co-founder launches fully integrated ADU company
Fifteen years after launching San Francisco-based Airbnb, which now offers more than 6 million vacation rental listings in over 100,000 cities around the world, that company’s co-founder has started a company to build accessory dwelling units (ADUs). In a “Bizjournals” interview, Joe Gebbia said he started Samara to apply a [..]
Industry News
One of every 3 active listings in U.S. is new construction, boosting builders’ confidence
Nearly one-third of single-family homes on the market during the second quarter of this year were newly built, according to an analysis by Redfin. Researchers said that is the highest share of any second quarter on record. A review of Northwest Multiple Listing Service data for July indicates a smaller [..]
Monthly Market Update
Northwest MLS housing market “still lacks direction”
A downturn in the housing market was inevitable given higher mortgage rates, acknowledged broker Dick Beeson, but he and others who commented on the latest report from Northwest Multiple Listing Service noted some positives for both buyers and sellers.