NW REporter

March 2019 Issues

Northwest MLS brokers summarize 2018 housing activity highlighted by record-high dollar volume

Members of Northwest Multiple Listing Service reported 92,555 closed sales during 2018, fewer than the previous year, but the dollar volumes surpassed 2017 by nearly $688 million for a small gain of 1.4 percent. Measured by dollars, last year’s sales of single family homes and condominiums were valued at almost [..]

Homebuyers Resuming Search Amid Improving Inventory, Attractive Terms

KIRKLAND, Washington (February 7, 2019) – Homebuyers around Washington state are making their way back to the market, hoping to take advantage of improving inventory, attractive interest rates, and more approachable sellers, according to officials with Northwest Multiple Listing Service. Northwest MLS statistics for January show year-over-year improvement in the [..]

Microsoft earmarks $500 million to help solve affordable housing

Pledging a “commitment to do our part to help kick-start new solutions to this [housing] crisis,” Microsoft president Brad Smith and CFO Amy Hood announced a three-pronged $500 million workforce housing fund to boost affordable housing in the Seattle area. Writing in a blog post, Smith and Hood emphasized affordable [..]

News In Brief

According to a 2017 analysis by the U.S. Bureau of Labor Statistics, STEM jobs grew at double the rate of non-STEM jobs between 2009 and 2015. STEM jobs are growing everywhere, but where are the hotspots, and where should you work in the field? WalletHub released a ranking of the [..]

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 [..]

Savvy buyers expect incentives from builders

Savvy buyers are seeking out incentives from builders, especially on the West Coast and in other higher price point markets, according to representatives from John Burns Real Estate Consulting. “Buyers have never had quicker and more complete access to information,” stated consultant Dean Wehrli, one of a trio of consulting [..]

Student debt impeding home purchases among millennials

Rising student debt burdens have significantly deterred homeownership among young adults, concluded the Federal Reserve. In a new study, the nation’s central banking system quantified what many Realtors, millennials and mortgage lenders have long suspected. In a recent study, the “Fed” found significant slippage in homeownership rates among household heads [..]

Tehaleh ranked one of Top 50 Master Planned Communities

Tehaleh, a Newland Communities development in Bonney Lake (near Tacoma), is the only project within Washington state to make the “Top 50” rankings of the country’s top-selling master planned community. It ranked 40th on the 2018 list with 366 net sales reported. Home buyers can choose homes by 10 different [..]

U.S. consumer spending on media rising, but Japan likely to surpass it

U.S. per capita spending averaged $285 per month on media, a figure that is expected to rise to $295 monthly (or about $1,395 annually) through 2022, according to analysts at Research Intelligencer. Last year’s figure was up from $278 per month in 2017. With 2018 expenditures totaling $442.7 billion, the [..]

Planning Commission report touts zoning changes to bolster Seattle’s housing supply and affordability

Adding more duplexes near schools, expanding boundaries for urban villages and reducing lot sizes to accommodate more homes are among strategies Seattle planning commissioners suggest in a 52-page advisory report to improve the supply and affordability of housing in the Emerald City. The report released late last year, culminated an [..]