NW REporter

December 2019 Issues

Americans moving at slow rates

Fewer Americans moved in 2018-2019 (for the year ending in March) than any other year since the Census Bureau started tracking that metric in 1947. A report released last month revealed only 9.8% of Americans moved during the latest tracking period; that also marked the first time it fell below [..]

Frustrated buyers say high prices are biggest obstacle

Prices proved to be the biggest obstacle for would-be home buyers. Of buyers who have been looking for at least three months, 45% said they can’t find a home at a price they can afford. Nearly a third (32%) of frustrated buyers also said not being able to find a [..]

Home prices appreciating locally and nationally

The pace of home price appreciation picked up in September, led by Seattle, according to the Case-Shiller U.S. National Home Price Index. Analysts credit strong demand and tight inventory as factors, and cite lower mortgage rates and “a solid labor market” for boosting demand. Three metro areas – San Francisco, [..]

Millennials outpacing Gen X, Boomers in home buying, financing

Millennials continue to outpace other segments of the population when it comes to home buying, according to a recent report from Realtor.com. This cohort accounted for 46% of mortgage originations during third quarter 2019, up 3% from a year ago. During the same timeframe, Gen X accounted for 35% of [..]

“November Surprise” brings “plenty of buyers,” uptick in home sales, prices

KIRKLAND, Washington (December 5, 2019) – Brokers with Northwest Multiple Listing Service reported “plenty of buyers” competing for sparse inventory during November, which ended with a 7% year-over-year increase in pending sales. The volume of mutually accepted offers rose even more (9.2%)  in the tri-county Puget Sound region consisting of [..]

News In Brief

Looking for a safe city in Washington to settle down in? Duvall is a top choice, according to a new study. The town of just under 8,000 was named atop the Top 50 safest cities in Washington by Security Baron. The study analyzed FBI rankings of crime rates in 116 [..]

Number of prospective home buyers who are actively searching shrinks

Of the 12% of American adults who plan to purchase a home in the next 12 months, 44% are actively looking. That’s a slightly smaller share than a year ago when 47% of prospective buyers were actively searching. Researchers at the National Association of Home Builders (NAHB) who analyzed the [..]

ORCA For All

Motivated by twin beliefs that mobility is a human right, and a shift to low-carbon modes of transportation is urgently needed to avert climate catastrophe – a nonprofit social welfare organization has launched ORCA for All. The campaign is designed to persuade more employers, “especially larger employers than can more [..]

SKCR Events Calendar

Date Event Time Where Phone 12/11/19 Affiliate Council Mtg. 10:00 a.m.-11:00 a.m. SKCR 425-974-1011 12/24-25/19 Holiday-Office Closed   SKCR 425-974-1011 1/8/20 Affiliate Council Mtg. 10:00 a.m.-11:00 a.m. SKCR 425-974-1011 1/15/20 Board of Directors 9:30 a.m.-12:30 p.m. SKCR 425-974-1011 For updates visit: www.nwrealtor.com and look under “Events”

“You Hold the Key” set as theme for 27th Imagine Housing event

“Everyone needs a home to achieve their highest potential,” proclaims Imagine Housing, an affordable housing provider that will present “You Hold the Key” event on Saturday, April 18 in Bellevue. The gala and auction mark the 27th annual celebration of the nonprofit group’s work to create affordable apartment homes in [..]