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 2021 Issues

Housing market stays hot despite some “lousy” February weather

KIRKLAND, Washington (March 4, 2021) – Housing activity during February remained hot around much of Washington state despite significant accumulation of lowland snow over the Valentine’s Day weekend, according to latest statistical report from the Northwest Multiple Listing Service. “It’s amazing how close the February numbers are when compared to [..]

Four colors top designers’ list for 2021

Four colors will dominate homes in 2021, according to five industry experts. Shades that will “soothe and invigorate” will be well received, according to these trend spotters. They can be classified as warm neutrals, dramatic black, natural greens, and serene blues. With shelter-in-place mandates still in effect in many areas [..]

Gap between home sales and starts reaches historic level

Homebuilders can’t keep pace with demand – and that gap reached historic levels during 2020, according to the National Association of Home Builders (NAHB). Home building staged a dramatic rebound during spring 2020, which NAHB officials attribute to “low mortgage rates, an evolving geography of housing preferences, and favorable demographic [..]

NAR devises plans to boost homeownership for Black Americans, other minorities

Minority homeownership lags the rate for non-Hispanic white Americans, with Black Americans experiencing the largest gap — nearly 30% — according to “Snapshot of Race & Home Buying in America,“ a report from the National Association of Realtors®. Using data from the 2019 American Community Survey and the 2020 Profile [..]

News In Brief: March 2021

A new study ranks Seattle as the second-healthiest city in the nation. The study, by personal finance website WalletHub, compared more than 180 of the largest U.S. cities across 44 key metrics, from the cost of medical visits to fruit and vegetable consumption to fitness clubs per capita. San Francisco ranked [..]

NWMLS revises, clarifies various forms

Northwest Multiple Listing Service revised several forms and unveiled various new forms on March 3. In some cases, MLS officials said there are significant revisions, while in other cases the revisions include minor clarifications and updates to outdated vernacular. Documents with significant revisions include the Purchase and Sale Agreements, the [..]

SKCR Events Calendar: March 2021

SKCR Events Calendar: March 2021

Risk fund manager explains why US housing “is smashing every record in the books”

Stephen McBride Calling it one of the greatest comebacks in American history, professional fund manager Stephen McBride contrasted the current booming housing market with the downturn from 2006 to 2009. The crisis was devastating to millionaires and millennials alike who could not get mortgages. The housing bust of 2006-2009 “shattered [..]

Walla Walla Realtors join Northwest MLS to further enhance tools and services

The Walla Walla Association of Realtors® voted to merge its multiple listing service with Northwest Multiple Listing Service (NWMLS), based in Kirkland. With the addition of Walla Walla and Columbia counties, NWMLS expands its service area to 26 counties across Washington and adds a service center within the Realtor office [..]

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