NW REporter

Northwest REporter is a joint publication brought to you by Northwest Multiple Listing Service and the Seattle King County REALTORS.

Seattle King County Realtors

March 2018 Issues

Pigott Family, founders of PACCAR, named 2018 Seattle King County First Citizens

For more than a century, PACCAR Inc, a Bellevue-based $19.5 billion company known for its “quiet insistence on being the best,” has evolved and thrived, reflected in its quality products and 79 consecutive years of net profit. In a similar quiet way, the founders of PACCAR, the Pigott family, have [..]

West Seattle homeowners pay stiff fine for cutting public trees

Nine homeowners agreed to pay the city of Seattle a fine of $360,000 for cutting 153 trees along a greenbelt in West Seattle. Last month’s settlement follows a lawsuit settled in 2017 when owners were fined $440,000. Taken together, the fines levied against owners who tried to improve their views [..]

Architect contends shortages are inevitable without “substantive changes” to state’s Condo Act

Smaller, more affordable condominium units could help solve the affordable housing crisis in Seattle, suggests architect Blaine Weber, senior principal at Weber Thompson. But, he adds, increasing the supply is unlikely without easing the legal risk and uncertainty for developers. In a guest column in the Seattle Daily Journal of [..]

West Coast is home to healthiest cities in U.S.

West Coast cities dominated the list of healthiest cities in the U.S., according to criteria used by WalletHub. San Francisco topped the list, followed by Seattle, Portland and San Diego. To determine the rankings, WalletHub measured indicators of good health, such as fruit and vegetable consumption, fitness clubs per capita, [..]

Permits for single family homes rose in 2017, but builders reported little gain in condo starts

Permits for single-family homes issued during 2017 outgained the volume for 2016 by 71,794 units for an increase of 9.6 percent, according to the National Association of Home Builders (NAHB). The annual Survey of Construction (SOC) found a similar increase (8.9 percent). Forty-five states and the District of Columbia reported [..]

Home buyers, sellers feel “looming pressure” but Western Washington market stays strong

KIRKLAND, Washington (March 6, 2018) – Interest rates are creeping up, inventory is still squeezed, and some feared revised tax laws would have a chilling effect on home sales, but Northwest Multiple Listing Service leaders say the local market remains competitive. “It seemed like there would have been a chilling [..]

Millennials: the missing generation of blood donors

Millennials account for only about 20 percent of blood donations, although a much larger segment (47 percent) of younger adults (ages 18-34) believe they are more likely to give blood than older people, according to a new national study. In reality, statistics from a consortium of organizations engaged in transfusion [..]

NWMLS Monthly Market Snapshot Infographic

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 [..]

News In Brief

As reported in komonews.com, a revealing new in-depth study on traffic congestion has found that commuters around the city of Everett spent more time stuck in traffic last year than anywhere else in the United States. The finding, which probably doesn’t surprise anyone who commutes through Snohomish County, were included [..]

Planning for nearly 6 million Puget Sound area residents by 2050

By 2050, the Puget Sound region is projected to grow by another 1.8 million people, or about 55,000 more residents each year. While that may sound daunting to some, it is a smaller number than the historically high totals of 80,000-plus the area has absorbed for the past few years. [..]

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 look under “Events”

Congestion costs earn Seattle a dubious ranking

It only seems worse. Congestion in Seattle cost the typical driver 55 hours during peak drive times in 2017, about the same as in 2016. Eight other urban areas in the U.S. are worse off, according to the Annual Global Traffic Scorecard from INRX, a transportation research firm. Measured by [..]

Seattle’s Future skyline

Residential construction continues to command a sizable chunk of the record $5 billion in construction that is currently underway in Seattle, according to the Downtown Seattle Association, which publishes biannual reports. Builders are “racing to meet demand” in part with more than 30,000 units under construction or in development. The [..]

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