NW REPORTER

NW REporter

Northwest REporter is a joint publication brought to you by Northwest Multiple Listing Service and the Seattle King County REALTORS.

Seattle King County Realtors

February 2023 Issues

Northwest MLS brokers encouraged by declining mortgage rates with some saying pent-up demand is triggering multiple offers

Pending sales around Washington state reached the highest level since October and surged nearly 44% from December, according to the January report from Northwest Multiple Listing Service. Last month’s 5,776 mutually accepted offers were down about 9% from a year ago, but brokers seemed encouraged by the “favorable spike.” Prices [..]

Cross-sector cooperation, zoning reform among actions needed to ease state’s housing crisis

Action is needed now to address housing affordability in Washington and the worsening problem of inadequate supply. “Action should begin with zoning reform as the foundation to build upon. From there, a comprehensive portfolio of short- and long-term policy solutions is required to fully address the crisis,” a new report [..]

Local architect, urban planner among speakers at D.C. housing symposium

Housing innovation, emergent private sector programs, and nonprofit programs, and projects were spotlighted during the 2023 Housing Supply Symposium hosted by the Terner Center & Labs. Harvard’s Joint Center for Housing Studies and the National League of Cities supported the half-day hybrid event held in Washington, D.C. and online.  The [..]

Habitat group unveils homeownership program to assist local Black families

Up to $50,000 in debt for qualifying homebuyers who plan to buy a Habitat for Humanity home may be paid off, thanks to a newly launched program of Habitat for Humanity Seattle-King & Kittitas Counties. The limited assistance, intended to help anyone who meets certain criteria, is focused on helping [..]

Builders use buydown incentives to attract buyers

Three of every four home builders are buying down buyers’ mortgage rates, according to a survey by John Burns Real Estate Consulting. Builders are paying the costs up front by prepaying some of the buyers’ interest on the loan, thereby effectively reducing monthly payments and making the purchase more affordable. [..]

Web app tracks Seattle’s proposed and permitted projects

Describing their creation as a “modern alternative to the Notice of Proposed Land Use boards” found at construction sites, the founder of Seattle in Progress, Ethan Phelps-Goodman, says he believes Seattle can lead the way in creating a city that is more livable, equitable and sustainable. “We believe that the [..]

Northwest MLS tallies impressive achievements during 2022

Northwest Multiple Listing Service notched some impressive numbers during 2022. Its “Year in Review” report summarized various achievements spanning myriad services in the 26 counties it serves. A tally of system usage included 20 million Matrix sessions, 6.7 million TransactionDesk sessions, and 5.4 million Realist sessions. Showing Time and Authentisign [..]

Drivers here not the worst, but also not worthy of bragging rights

Surprising probably no one who has driven around Puget Sound or many other regions around Washington state would argue that traffic can be unpredictable. In fact, many may prefer expletives to describe it. Study after study confirms those negative perceptions: It could be worse. Hawaii has the dubious distinction of [..]

News In Brief

Out of all 50 states, Washington has been listed as the best state to retire in, according to research by Global Residence Index. The research used seven key factors to rank each of the 50 states, and Washington ranked in the top 10 for five of the seven factors. Air quality, [..]

SKCR Events Calendar: February 2023

SKCR Events Calendar