NW REPORTER

NW REporter

September 2021 Issues

Burns Resale Market Index

New research to measure the strength of the resale housing market found prices continue to rise and buyer competition is still intense. John Burns Real Estate Consulting, an independent research and consulting firm, unveiled its Resale Housing Market Index (RHMI) last month. It is based on a proprietary survey of [..]

Educating sellers & agents about FHA loans in hot markets

Editor’s note: The following report is reprinted with permission from “The DPR Interview,” a regular feature of The Down Payment Report to showcase national leaders in homeownership assistance and low down payment programs. Educating sellers and agents about FHA loans in hot markets Over the past six months, Washington State [..]

Hurdelbrink honored by WSAE

  Tom Hurdelbrink, president and CEO at Northwest Multiple Listing Service, was selected as 2021 Association Executive of the Year by the Washington Society of Association Executives (WSAE). Hurdelbrink joined Northwest MLS in 2007, initially serving as executive vice president before assuming the CEO role in January 2008. His prior [..]

Northwest MLS brokers say August housing activity follows patterns of seasonal slowing

KIRKLAND, Washington (September 7, 2021) – August typically brings a dip in housing activity and this year was no different, according to representatives from Northwest Multiple Listing Service when commenting on newly-released statistics. Figures comparing July to August show month-to-month drops in new listings, total inventory, pending sales, close sales, [..]

Moving Company Scams

Real estate brokers are relied on for more than just writing transactions for buyers and sellers. One of their value-added services may be providing helpful resources pertaining to their clients’ relocation to help protect them from scams. Moving scams are so prevalent that two major moving companies collaborated to form [..]

News In Brief

The Department of Education announced in early August that it will extend a freeze on federal student loan payments until January. A statement from the department says the “final extension” of the pause with a definitive end date of Jan. 31, 2022, will give borrowers time to plan resuming payments. [..]

SKCR Events Calendar

Date Event Time Where Phone September 9 Affiliate Council 9 a.m.-10 a.m. Zoom 425-974-1011 September 13 Gov’t Affairs Committee 1:00 p.m.-2:30 p.m.   425-974-1011 September 14 RPAC Event 7:00 p.m.-10:00 p.m. T-Mobile Park 425-974-1011 September 17 State Directors 11:30 a.m.-1:00 p.m.   425-974-1011 September 22 – 24 WR Fall Conference [..]

Seattle growing

No need to turn out the lights. Despite reports of an exodus from downtown Seattle due to a combination of factors, including the coronavirus pandemic, rising homelessness, and civil rights protests, a series of recent reports paints a fairly rosy picture: Population growth for downtown Seattle is eclipsing both the [..]

Seattle housing affordability drops

Escalating home prices negate affordability gains the average homebuyer attained from low interest rates and higher incomes, according to the Real House Price Index (RHPI) published by First American Financial Corp. The index measures the price changes of single-family properties adjusted for the impact of income and interest rates on [..]