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 2020 Issues

Bellevue broker selected to chairman of Northwest MLS board

Robert (Robb) Wasser, branch manager at the Bellevue South office of Windermere Real Estate/East, has been elected chairman of the Northwest Multiple Listing Service board of directors. Other new officers for 2020 include Randall Fischer, vice chairman; Stuart Heath, treasurer; and Chris Millsap, secretary. Joining the officers on the 16-member [..]

Applicants have until March 9 to apply for free ramps from Master Builders

Photo courtesy of Master Builders Association of King and Snohomish Counties People in need of a ramp at their home to aid their mobility have until Monday, March 9 to apply to be a recipient of this year’s Rampathon. The one-day community service project of the Master Builders Association of [..]

New home sales hit highest mark since September 2007

New home sales surged to start 2020, according a joint report from HUD and the Census Bureau. Based on their data, the three-month moving average for new single-family home sales reached 721,000 in January. That marked the strongest month since September 2007. Contracts for new home sales jumped 7.9% in [..]

County Assessor Wilson discusses housing crises with Realtors

When King County Assessor John Wilson joined a meeting of the Government Affairs Committee at Seattle King County Realtors last month, he opened his remarks with a discussion on homelessness. “I don’t buy that Seattle is dying,” he stated while acknowledging citizen concerns on expenditures for homelessness. He called the [..]

NWMLS brokers report brisk activity, noting “too early to tell” if coronavirus will soften sales

KIRKLAND, Washington (March 5, 2020) – “We’re entering prime time for the real estate market, and more listings are on the way,” stated industry veteran J. Lennox Scott, as he reviewed the latest statistical report from Northwest Multiple Listing Service. MLS figures for February show year-over-year (YOY) gains in new [..]

News In Brief

Amazon expects to have at least 15,000 employees in Bellevue in the next few years as the company expands from its Seattle headquarters to tap a larger labor pool. The Seattle Times reported that would be more than a sevenfold increase from now and total about as many people as [..]

SKCR Events Calendar

Date Event Time Where Phone Mar 18 Board of Directors 9:30 am – 12:30 pm SKCR 425-974-1011 Mar 26 RPAC Wine & Spirits Auction 5 pm – 8:30 pm Bellevue Club 425-974-1011 Apr 2 Battle of Barristers 8:30 am – 12:30 pm Meydenbauer Center 425-974-1011 Apr 7 Gov’t Affairs Committee [..]

Supply of age-restricted housing is increasing – and so are prices

Age-restricted housing accounted for only a small fraction of new home starts in 2018, but the volume for both single-family and multifamily starts were the highest recorded since 2009, when HUD and the Census Bureau began collecting data on this component. Of the 875,000 single-family starts builders reported for 2018, [..]

Seattle Credit Union unveils unique loans for renters, home buyers

Just as homeowners may be challenged to come up with a down payment, renters may find it difficult to save for first, last and security/cleaning/pet deposits, especially if they are recent graduates or relocating to the Seattle area from less expensive markets. To assist these consumer segments, Seattle Credit Union [..]

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