NW REporter

October 2018 Issues

Survey reveals declining brand loyalty

Shoppers may set out to buy a particular brand, but three out of every four (76 percent) said they are likely to change their mind as they shop, according to a new survey on brand loyalty. Survey respondents were asked to rank various factors they consider when making a purchase. [..]

“Fix-up” Costs Before Sale & 1031 Exchanges

It is common for many Washington real estate investors to make repairs, updates, and improvements to enhance a relinquished property in preparation for listing with a real estate agent or broker. A commonly asked question by investors in Washington is, “Can I be reimbursed from the 1031 exchange for the [..]

Housing affordability challenges prompt researchers to consider altering methods for measuring spending

Researchers at The Harvard Joint Center for Housing Studies explored altering a widely used metric to better account for “notable changes” in various factors. The typical gauge has been based on allocating 30 percent of a household’s income for shelter, a figure the Housing Center uses for analyses in its [..]

Realtor.com survey underscores importance of schools to homebuyers

Schools are sacrosanct for most house-hunters, according to a survey by realtor.com. Seventy-eight percent of buyers who currently live in their preferred school district had to compromise to get there. An even larger number of buyers with children – 91 percent – said that school boundaries were important or very [..]

Issues & Impacts

Issues & Impacts is a quarterly publication produced by the SEATTLE KingCounty REALTORS® to inform members about current issues and successes within your Governmental Affairs Department. SEATTLE KingCounty REALTORS® (SKCR) is ensuring that public policies support homeownership and your business’s bottom line. View the full publication (PDF, 17 pages, 385KB)

Balance “finally returning” to housing market as buyers welcome more choices, moderating prices

KIRKLAND, Washington (October 4, 2018) – Housing inventory continued to improve during September while the pace of sales slowed in many counties served by Northwest Multiple Listing Service. “Balance is finally returning to the market, and with it, slowing home price growth,” stated OB Jacobi, president of Windermere Real Estate. [..]

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 [..]

Researchers develop computer model to regulate city traffic and ease gridlock

Two researchers in Pullman, Washington have developed a computer algorithm to regulate traffic flow in and around urban areas. The technology could help prevent gridlock and reduce travel times on congested city streets by nearly 30 percent. The groundbreaking research, published in the August issue of Transportation Research Part C: [..]

News In Brief

With home values rising by an average of more than $16,000 in the first quarter of 2018 but affordability dropping as mortgage rates get higher, the personal-finance website WalletHub today released its report on 2018’s Best Real-Estate Markets as well as accompanying videos. To determine the most attractive real-estate markets [..]

PSRC welcomes comments on massive transportation program

Public comment on a $6.2 billion draft regional Transportation Improvement Program may be submitted until October 25, according to the Puget Sound Regional Council (PSRC). Comments may be made by mail, email or in person at either of two upcoming meetings. (see below) PSRC is recommending projects to receive about [..]

Staying current on sign codes benefits all

Most brokers who belong to Seattle King County REALTORS® (67 percent) have never had a real estate sign for an open house removed by a city official for sign code violations. Despite widespread compliance and ongoing educational efforts, about one of every 10 brokers who responded to a recent poll [..]

DMCA Notice

SKCR Events Calendar

Date Event Time Where Phone 5/13-18/19 NAR Meetings   Washington, DC 425-974-1011 5/23/19 First Citizen Banquet 5:30 pm – 9:30 pm Fairmont Hotel, Seattle 425-974-1011 5/27/19 Holiday – Office Closed       6/4/19 Housing Issues Briefing 11:30 am – 1:30 pm Meydenbauer Center 425-974-1011 For updates visit: www.nwrealtor.com and [..]

Sammamish singled out as a ‘Best Place to Live’

Sammamish was the only city in Washington state, and one of only three cities in the Northwest, to earn a spot on MONEY’s 50 Best Places to Live rankings. The city, with approximately 65,000 residents, was ranked No. 9. Frisco, Texas placed first. For more than 30 years, MONEY has [..]

Majority of new houses are part of a homeowners’ association

More than two-thirds of newly built single family homes in both the West and South are in a Homeowner Association, according to a report from the National Association of Home Builders (NAHB). Across the U.S., 61 percent of new single family houses were in an HOA, up from 46 percent [..]