NEWS & INSIGHTS
What’s Happening
Press Release
Northwest MLS’s Members Provide Buyers and Sellers with Choices, Control, and Complete Transparency
The nearly $1.8 billion jury verdict in a home seller’s class action lawsuit in Missouri against the National Association of Realtors and large brokerage franchisors has consumers and brokers in Washington state asking questions about residential real estate brokerage.
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.
NW REporter
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 [..]
NW REporter
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 [..]
NW REporter
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 [..]
NW REporter
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 [..]
NW REporter
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 [..]
NW REporter
New In Brief: December 2023
A recent USA Today ranking named Washington the worst state in the country for potholes. The ranking is based on analysis of Google searches for pothole-related terms from 2020 to 2023, used to find the states plagued by potholes (as pothole data from each state isn’t available). Colder, northern states topped the charts [..]
Monthly Market Update
Reduced inventory motivates increased home prices
A slight decrease in interest rates has raised cautious optimism.
NWMLS In The News