What’s Happening

Monthly Market Update

Lowered mortgage rates provide boost but affordability remains elusive

The further reduction of interest rates in September by the Federal Reserve provided a positive end-of-the-summer boost to the market.

Press Release

Tom Hurdelbrink, Retired President & CEO of NWMLS Inducted into CMLS Hall of Fame

Tom Hurdelbrink, retired President & CEO of Northwest MLS (NWMLS) was inducted into the Council of Multiple Listing Services (CMLS) Hall of Fame during the CMLS conference (CMLS2024) on September 25th. The honor is a means of recognizing and acknowledging a lifetime of leadership, energy, and intellect that improves and [..]

Blog

The Evolution of Mapping Listings: 40 Years of Powering the Region’s Real Estate Industry

As NWMLS celebrates our 40th Anniversary in 2024, let’s take a look back at the evolution of how listings have been mapped over the last four decades. 1980s – Map Books Before smartphones, GPS, and online maps, real estate professionals relied on spiral-bound books that contained detailed grid maps of [..]

Monthly Market Update

Will Increases in Inventory and Lower Mortgage Rates Ease Affordability?

Mortgage rates are at their lowest level since March 2023 (6.35% for a 30-year fixed rate mortgage as of August 29th).

Blog

Analyzing Homes Eligible for the Down Payment Resource Program: Listing Data & Market Trends

Northwest MLS brokers have access to the Down Payment Resource (DPR) program, which connects homebuyers with various down payment assistance programs to help them purchase homes. The DPR program generates a list of potential assistance programs depending on the buyer’s housing and financial criteria. This program is integrated into the [..]

Blog

The Evolution of Training: 40 Years of Powering the Region’s Real Estate Industry

Since our inception, Northwest Multiple Listing Service (NWMLS) has offered comprehensive training to our members to help them get the most out of our products and learn how to run an efficient real estate business. As NWMLS celebrates our 40th anniversary in 2024, let’s take a look back at how [..]

Blog

New Construction Homes: Listing Data & Market Trends

There are many benefits to purchasing a newly-constructed home or condo. With all new everything, from appliances and flooring to plumbing and electrical, new construction is a popular choice for those who are seeking a turn-key home. NWMLS brokers have access to a huge database of available properties and can [..]

NWMLS In The News

NWMLS offers tools and resources to enhance broker marketing strategies

Monthly Market Update

High Interest Rates Still a Problem, but Markets Are Improving

High mortgage interest rates continue to be a drag on home sales, discouraging both potential buyers facing high-rate mortgages and would-be sellers wanting to keep their low-rate mortgages.

Blog

The Evolution of Listing Input: 40 Years of Powering the Region’s Real Estate Industry

As Northwest Multiple Listing Service (NWMLS) celebrates our 40th Anniversary in 2024, let’s take a look back at how the process of inputting for-sale properties into the MLS database has evolved over the last four decades. Before the 1980s – Listing Cards & NCR Paper Forms Before a database was [..]