NW REporter

October 2019 Issues

Representative 2019 Advocacy and Legislative Successes

Advocacy Focused on Increasing Housing Supply While increased housing supply is at the core of most every issue SKCR addresses, some specific successes are highlighted below.   Seattle’s Mandatory Housing Affordability Program Advocacy Success! Seattle Completed Voting to Approve Mandatory Housing Affordability Program The Seattle City Council completed the neighborhood [..]

Builders urge Congress to support voluntary market-driven solutions for energy savings

Representatives from the National Association of Home Builders (NAHB) visited Congress last month to remind lawmakers of their desire to partner with officials at all levels of government to encourage energy efficiency. They also stressed that housing affordability should not be jeopardized in the process. In testimony before the House [..]

Renters reveal fears, daunting challenges to homeownership, but realty pros can deploy Freddie Mac tools to educate, assist

Home prices are far outpacing growth in household incomes, prompting changing perceptions and habits among both buyers and renters. With more renters thinking home buying is out of reach, Freddie Mac suggests real estate industry professionals can play a crucial role in raising awareness of the upsides of  home ownership [..]

New urbanism movements, young people fueling surge in transit-oriented developments

Transit oriented developments (TOD) have been called the new model for real estate development. Imagine Housing, a leading non-profit affordable housing developer in East King County, describes TOD as a combination of regional planning, city revitalization, suburban renewal, and walkable neighborhoods, and an “exciting, fast growing trend in creating vibrant, [..]

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, 14 pages, 198KB)

Microsoft commits millions for affordable housing, urges public-private engagements to address key issue

More than 3,000 low- and middle-income people will be able to stay in their communities thanks in part to a generous investment to protect affordable rental housing through King County. The investment has an immediate impact by ensuring rents at 1,029 units will remain affordable long term. Late last month [..]

Northwest MLS brokers say transition to fall creating opportunities for buyers

KIRKLAND, Washington (October 7, 2019) – Northwest Multiple Listing Service brokers reported year-over-year gains in pending sales, closed sales and prices, but its report summarizing September activity also showed an 18% drop in inventory compared to a year ago. “The transition into the fall housing market creates opportunities for homebuyers,” [..]

Northwest MLS updates SOC, agency agreements

Effective October 1, Northwest Multiple Listing Service updated several rules pertaining to selling office commissions (SOC).  The changes are intended to increase transparency and flexibility for consumers and the 30,000-plus real estate brokers the MLS serves. Northwest MLS also reformatted the Buyer’s Agency Agreement (Form 41A) and the Buyer’s Representation [..]

News In Brief

Seattle was ranked No. 1 by researchers at WalletHub, who compared 100 cities across 17 key metrics to determine the best city for public transportation. Data sets included share of commuters who use public transit and average age of the fleet to number of injuries and peak hours spent in [..]

SKCR Events Calendar

Date Event Time Where Phone 10/17-18/19 WR Leadership Summit   Interurban Hotel 425-974-1011 11/7-11/19 NAR Convention   San Francisco 425-974-1011 11/13/19 Board of Directors 9:30 am – 12:30 pm SKCR 425-974-1011 For updates visit: www.nwrealtor.com and look under “Events”