NW REporter

August 2019 Issues

Researchers find gentrification yields some important benefits

Gentrification creates “some important benefits for original resident adults and children and few observable harms,” was one somewhat surprising conclusion in a first-of-its-kind report from the Federal Reserve Bank of Philadelphia. Authors of the just-released report found the process of gentrification reduces children’s exposure to poverty while increasing exposure to [..]

Seattle mayor rolls out plans to “bend the arc” so more people can live in the city

“We have a generational opportunity before us to bend the arc so more people can live in Seattle,” proclaimed Seattle Mayor Jenny Durkan as she outlined her vision for addressing Seattle’s housing crisis. She also announced an ambitious plan called “Housing Seattle Now” for investing in housing for low- and [..]

Land costs far outpacing inflation, driving up home prices

Land values for single family housing in the United States rose nearly four times faster than inflation between 2012 and 2017. The run-up in values resulted in a 27 percent jump in the median price per acre, according to the 2019 State of the Nation’s Housing report, a publication of [..]

Northwest MLS brokers report mixed activity during July, as volume of closed sales reaches 12-month high

KIRKLAND, Washington (August 5, 2019) – July provided mixed messages on housing activity, noted one industry veteran when commenting on the latest report from Northwest Multiple Listing Service. The newly released MLS figures show last month’s closed sales reached a 12-month high. Member-brokers also reported the number of new listings [..]

Lawn Love transforming yard care using technology, adds Washington state to its growing network

Current Services Lawn mowing Lawn aeration Lawn fertilization Lawn seeding Christmas light installation Gardening Gutter cleaning Leaf removal Snow removal Weed Control Yard clean-up Homeowners across Washington state who prefer to outsource the care and grooming of their yards and gardens now have a new resource thanks to young entrepreneur [..]

News In Brief

Job openings and salaries rose across the country in June, but just like the rest of 2019, it was a slow crawl compared to 2018 numbers. In Seattle however, the increases were a bit more robust, according to a Glassdoor jobs report. Across the city, median pay rose 2.4% to [..]

Puget Sound adding 188 new residents each day

More than 500,000 people have relocated to the four-county Puget Sound region since 2010. In the past year alone, this area welcomed an average of 188 people per day, according to the Washington State Office of Financial Management (OFM). Collectively, the region is home to 4.2 million residents. The past [..]

SKCR Events Calendar

Date Event Time Where Phone 8/6/19 Gov’t Affairs Committee 10:30 am-1:30 pm SKCR 425-974-1011 8/14/19 AREAA Board Meeting 10:00 am – 12:00 pm SKCR 425-974-1011 9/2/19 Holiday – Office Closed 9/10/19 Special Gov’t Affairs Meeting 1:00 pm – 2:30 pm SKCR 425-974-1011 9/11/19 Board of Directors 9:30 am-12:30 pm SKCR [..]

iOi Summit returns to Seattle

Real estate brokers and industry leaders will join global tech vendors and venture capitalists in August for a two-day event focused on Innovation, Opportunity & Investment (“iOi”). The iOi Summit, a production of the National Association of REALTORSĀ®, is set for August 21-22 at the Hyatt Regency Seattle. The second [..]