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

August 2020 Issues

Housing Consortium honors Burien, Kenmore for work on affordable housing

Burien and Kenmore were among this year’s recipients of awards from the Housing Development Consortium. Both cities received Municipal Champion Awards for exceptional contributions to the state of affordable housing. Burien was recognized for working collaboratively with community leaders to adopt an affordable housing demonstration program, a suite of policies, [..]

Growing number of homeowners are part of community associations

Regardless of which metric is used, community associations are on a growth trajectory. About two-thirds (66%) of new home construction this year will be in a community association, resulting in the creation of 2,500-3,000 new associations. By year-end, the Foundation for Community Association Research estimates there will be 352,000 to [..]

“Community treasure” Tomio Moriguchi — known for his lifetime of generosity and inspirational acts that transcend borders and generations — named 2020 First Citizen

When Tomio Moriguchi retired as chairman and CEO of Uwajimaya at the end of 2017, Jim Wajone, who succeeded him as chairman of the family-owned specialty supermarket, praised him for his strategic leadership and vision. Outside that business, Moriguchi is revered for his volunteerism, generosity, advocacy, and dedication. Those are [..]

Home improvement projects popular during pandemic lockdowns

Three-fourths (76%) of U.S. homeowners have embarked on at least one home improvement project during the coronavirus pandemic, according to a survey by Porch Research. Slightly more (78%) plan to undertake some sort of home improvement project during the next 12 months. With COVID-19 outbreaks keeping scores of employees working [..]

Book recounts government role in housing discrimination

Although published in 2017, “The Color of Law: A Forgotten History of How Our Government Segregated America” is being rediscovered in the wake of campaign rhetoric and protests focused on social justice. Author Richard Rothstein’s widely acclaimed book delves into “a forgotten history of how federal, state, and local policy [..]

Opportunities abound for home buyers and sellers, but brokers say “don’t delay”

KIRKLAND, Washington (August 6, 2020) – Brokers added the largest monthly number of new listings during July since May 2019, but pent-up demand from homebuyers meant inventory remained tight, according to Northwest Multiple Listing Service (NWMLS) representatives who commented on the latest housing activity report. The Northwest MLS report for [..]

News In Brief

The Bellingham/Whatcom County area ranks as the ninth-least affordable midsized city for homebuyers in the country, according to an AdvisorSmith study released in July. With a weighted home price of $410,613 and median household income of $62,268, the report gave the Bellingham metro area a price-to-income ratio of 6.6. The [..]

Planning Council surveys displaced residents to better understand factors prompting moves

About one of every four households that moved in the past five years within King, Kitsap, Pierce, and Snohomish counties said they relocated for one or more negative reasons. By far, the cost of housing was the top reason, according to findings in the 2019 PSRC Household Travel Survey, a [..]

SKCR Events Calendar

Date Event Time Where Phone Aug 20 Planning Committee 9 am – 12 pm   425-974-1011 Aug 27 Planning Committee 9 am – 12 pm   425-974-1011 Sept 7 Holiday-Office Closed     425-974-1011 Sept 9 Affiliate Council 10 am – 11 am Zoom 425-974-1011 For updates visit: www.nwrealtor.com and [..]

Startup aims to increase supply of long-term rentals within Seattle’s single family zoning

With backing from some prominent business executives, an architect and founder of a systems-design consultancy launched a new company to increase housing options and help solve Seattle’s affordability challenges. Citing King County data indicating it needs 244,000 units of affordable housing over the next decade to align supply with demand, [..]

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