NW REPORTER

NW REporter

November 2020 Issues

Battle of the Barristers draws record crowd, raises $35K for scholarships

With more than 600 attendees participating virtually, five prominent real estate attorneys discussed and debated actions and inactions by parties to various real estate scenarios. The popular “Battle of the Barristers,” presented annually by Seattle King County REALTORS®, is also a fundraiser for the Seattle First Citizen Scholarship Foundation. The [..]

Seattle barely makes “top 20” list of most dog-friendly cities

Seattle eked out a tie for 19th on a list of “most dog-friendly cities in America,” according to SmartAsset, a financial technology company. The company based its rankings on seven metrics using an analysis of data for 100 of the largest cities in America. Criteria included: Dog parks per 100,000 [..]

SKCR Joins…Coalition for more housing choices

Seattle King County REALTORS® (SKCR) joined the recently launched Coalition for More Housing Choices, an organization whose members plan to collaborate to  “advocate for a shared and defined vision for housing.” “The mission of our REALTOR® organization is to foster a business climate in which our members can meet the [..]

Two groups to collaborate in quest to eliminate housing discrimination based on sexual orientation

Two groups plan to combine forces to cross-promote Fair Housing initiatives and related concerns, according to a Memorandum of Understanding (MOU) they signed in early September. The National Fair Housing Alliance (NFHA), established in 1988, and the newly launched LGBTQ+ Real Estate Alliance pledged to collaborate to “rid the nation [..]

Anxiety among home buyers “incredibly high” as they vie for unprecedented shortage of homes across much of Washington state

KIRKLAND, Washington (November 5, 2020) – “Finding and buying a home today is more difficult than at any time in the past 40 years of my career,” was how broker Dick Beeson summed up the latest statistics from Northwest Multiple Listing Service. Read the Latest Press Release Other resources: Market [..]

Residents of Seattle, 13 other cities must earn $100,000 annually to live comfortably

Seattle is among 14 U.S. cities where residents must earn at least $100,000 annually to live comfortably as a renter or homeowner, according to an analysis from GoBankingRates.com. That personal finance website compared the 50 largest metro areas to determine the necessary income to abide by the “50/30/20” rule of [..]

News In Brief

Home prices skyrocketed in September by more than 18% in Seattle, and Tacoma was the fastest-selling real estate market in the nation for the third month in a row, a new analysis shows. The study, by real estate company Redfin, also found that average home prices shot up by more [..]

Seattle, Portland shift to outmigration markets as buyers opt for farther out and more affordable destinations

Labeling it a “surprise,” analysts with John Burns Real Estate Consulting reported Seattle and Portland flipped to outmigration markets for two consecutive quarters, reversing both cities’ patterns of being in-migration markets. Buyers moving to more affordable locations or farther out submarkets were cited as likely causes for the change. “Never [..]

Region nets 166 people per day during 12-month period

Between April 2019 and April 2020, the Puget Sound region grew by 60,800 people, which is the equivalent of 166 per day, according to Puget Sound Regional Council (PSRC). The organization, a leading source of data and forecasting, anticipates an additional 1 million people will live in the region by [..]

SKCR Events Calendar

Date Event Time Where Phone Nov 11 Affiliate Council 10 a.m.-11 a.m. Zoom 425-974-1011 Nov 18 Board of Directors 9:30 a.m.-12 p.m.   425-974-1011 Nov 26-27 Holiday-Office Closed       Dec 1 Gov’t Affairs Committee 10:30 a.m.-12 p.m. Zoom 425-974-1011 For updates visit: www.nwrealtor.com and look under “Events”