NEWS & INSIGHTS
What’s Happening
Industry News
Planning for nearly 6 million Puget Sound area residents by 2050
By 2050, the Puget Sound region is projected to grow by another 1.8 million people, or about 55,000 more residents each year. While that may sound daunting to some, it is a smaller number than the historically high totals of 80,000-plus the area has absorbed for the past few years. [..]
Industry News
News In Brief
As reported in komonews.com, a revealing new in-depth study on traffic congestion has found that commuters around the city of Everett spent more time stuck in traffic last year than anywhere else in the United States. The finding, which probably doesn’t surprise anyone who commutes through Snohomish County, were included [..]
Industry News
Immigrants account for growing share of worker-strapped construction industry
With the housing industry gaining momentum and native-born workers slow to return to the construction industry since the 2007 downturn, labor shortages are topping the list of crucial impediments to the home building sector. The aging US workforce is an added concern. A new report from the National Association of [..]
Industry News
Home buyers still competing for sparse inventory in Western Washington, driving up prices – especially for sought-after condominiums
KIRKLAND, Washington (February 5, 2018) – “The Seattle area real estate market hasn’t skipped a beat with pent-up demand from buyers is stronger than ever,” remarked broker John Deely in reacting to the latest statistics from Northwest Multiple Listing Service. The report on January activity shows a slight year-over-year gain [..]
Industry News
Survey reveals cooling optimism for housing and the economy
Fewer households believe now is good time to buy or sell a home, surprising representatives with the “Housing Opportunities and Market Experience (HOME) survey.” An independent research firm conducts the quarterly studies for the National Association of Realtors®. The latest survey, from the fourth quarter of 2017, also found [..]
Industry News
NWMLS adjusts map area boundaries in two counties
Working with member-brokers, Northwest Multiple Listing Service adjusted boundaries for map areas within Skagit and Kittitas counties. The revisions affect areas 830 and 835 in Skagit County, and areas 948 and 949 in Kittitas County. MLS staff will make necessary area and community adjustments to any listing affected by the [..]
Industry News
Coming in June: the first-ever NWMLS EXPOsed
Northwest Multiple Listing Service will be holding its first educational convention for its membership called “NWMLS EXPOsed” on Wednesday, June 13. Registration for the event will open in the spring. The $40 fee includes lunch, snacks and a happy hour at the conclusion of the event. Participants at the one-day [..]
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
Rents are dropping significantly across the Seattle area for the first time this decade, as a flood of new construction has left apartments sitting empty in Seattle’s hottest neighborhoods. The average rent across King and Snohomish counties dipped 2.9 percent in December compared with the prior quarter, according to a [..]
Industry News
SKCR Endorses Funding for School Districts
Please remember to vote in the February 13 special elections. Seattle King County REALTORS endorses funding requests from three school districts.