NW REPORTER

NW REporter

May 2022 Issues

Seattle ranks high in three categories, but below-average on the environment

Seattle ranks among the top 10 large cities based on AARP’s recently redesigned Livability Index with a score of 60, placing it 8th on the list. The Emerald City notched strong performances in the transportation, neighborhood, and health categories, but was below the national average on its environment score. AARP [..]

Affordable Housing Week: May 8 – 14 All in for Housing

Affordable Housing Week will be observed May 8-14 when the Housing Development Consortium hosts a stellar lineup of speakers and panelists who will discuss homelessness and affordable housing in King County. Now in its seventh year, this year’s event is focused on the theme “All in for Housing.” It will [..]

Canada inposes 2-year ban on foreign homebuyers

Foreign buyers cannot buy homes in Canada for two years due to a government ban designed to cool the country’s overheated market. Average prices soared more than 50% during the past two years, to more than $868,400 (in Canadian dollars), according to the Canadian Real Estate Association. Along with blocking [..]

Priced-out trend is real

The priced-out phenomenon is real, explained internationally acclaimed economist and syndicated columnist Elliot Eisenberg, in a recent blog. Dr. Eisenberg compared the median price of a house and interest rates in March 2021 and March 2022. In March 2021, the median price was $326,350 and the interest rate on a [..]

Improving housing inventory, rising costs may bring some “normalcy” to Western Washington market

KIRKLAND, Washington (May 5, 2022) – Rising interest rates and inflation, coupled with slight improvement in inventory, may bring some normalcy to Western Washington’s frenzied housing market suggest some brokers with Northwest Multiple Listing Service. Read the Latest Press Release Other resources: Market Report Video Statistical Reports (Members Only)

News In Brief: May 2022

A recent Stessa report reported by KOMO News found what many Seattle-area residents already know: rent is pricier in the Emerald City than it is in just about any other metro. The report from Stessa – a finance tool that helps real estate investors “maximize their profits” with rental properties [..]

Seattle dad and son start company to process hard-to-recycle items

Consumers who are looking for ways to sustainably dispose of items not allowed by many curbside services may have a new option thanks to Ridwell, a fast-growing Seattle-based company started in 2017 by a dad and his then 6-year-old son. Offering regular front porch pick-ups to its member-subscribers, the company [..]

SKCR Events Calendar: May 2022

Date Event Time Where Phone May 1 – 6 NAR Legislative Meetings   National Harbor 425-974-1011 May 18 YRN Brunch & Networking 10:00 a.m. – 12:00 p.m. WAC 425-974-1011 For updates visit: www.nwrealtor.com and click “events”

City-County agreement will yeild 81 homes for low-income households

Nearly three acres of land that has been vacant for 15 years will be developed for mixed income housing under an agreement between the city of Tacoma and Pierce County. The county agreed to transfer the property on Pacific Avenue in Tacoma based on a proposal by Mercy Housing Northwest. [..]

Washington among best work from home states

Washington is among the top 10 work from home (WFH) states, according to rankings compiled by WalletHub. Using 12 key metrics to compare the 50 states and District of Columbia, that personal finance website ranked Washington #8. New Jersey was #1. Analysts at Wallet Hub also used two key dimensions, [..]

Improving housing inventory, rising costs may bring some “normalcy” to Western Washington market

KIRKLAND, Washington (May 5, 2022) – Rising interest rates and inflation, coupled with slight improvement in inventory, may bring some normalcy to Western Washington’s frenzied housing market suggest some brokers with Northwest Multiple Listing Service. “The Puget Sound housing market has shifted down several levels of hotness in most areas [..]