NW REporter

May 2018 Issues

Bellingham considers adding more ADUs to ease housing crunch

Like many municipalities faced with rising rents and inadequate supplies of housing, the city of Bellingham is considering revising its ordinance governing accessory dwelling units (ADUs). The proposal generated lively debate via written public comments and at recent hearings. Bellingham Herald reporter Robert Mittendorf described a variation of ADUs known [..]

Center for Housing Studies releases reports on fair housing, remodeling, and access to high-opportunity communities

April proved to be a busy month for researchers at the Joint Center for Housing Studies of Harvard University: Fair Housing Act at 50 David Luberoff, deputy director at JCHS, reflected on the Fair Housing Act at 50, citing remarks by Dr. Raphael Bostic, CEO of the Federal Reserve Bank [..]

Master Builders select real estate attorney as association’s leader, the first woman to head country’s largest homebuilders association

Former Weyerhaeuser Co. executive Kathleen (Kat) Sims is the next executive director of the Master Builders Association of King and Snohomish Counties. Sims is the first woman to lead the 109-year-old group whose 3,000 member companies make it the largest residential homebuilders association in the country. She succeeds Shannon Affholter [..]

Brokers Report Some Good News For Home Buyers, But Still Expect Puget Sound’s “Frantic Market” to Continue

KIRKLAND, Washington (May 7, 2018) – Home buyers may be cheered by an uptick in inventory, but the improving supply is unlikely to reverse rising prices, suggest industry leaders from Northwest Multiple Listing Service. Commenting on just-released figures for April, which showed the highest level of active listings since August, [..]

NWMLS Monthly Market Snapshot

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

A lot of people drive around without insurance. It’s about 17 percent of the motorists in Washington, according to the latest report from the Insurance Research Council. That means we are the seventh worst state in the country for uninsured drivers. While it’s against the law to drive without insurance, [..]

Changing demographics, policies create new challenges for cost burdened renters

Affordability is a major concern for renters and that problem is likely to persist according to researchers who authored “America’s Rental Housing” report for the Joint Center for Housing Studies of Harvard University. A “good news/bad news” finding from the report is that rental stock is growing – but only [..]

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 [..]

Teams competing for $1 million for improving algorithm for real estate valuations

Three top contenders edged out more than 3,800 teams from 91 counties to qualify for the Second Round of a Zillow Prize® competition and the chance to win a $1 million grand prize if they succeed in building an algorithm to predict actual sales prices. Winners will be announced in [..]