Publications
Construction Worker Shortage Hampering Homebuilding
Construction Worker Shortage Hampering Homebuilding Back to News Center July 26, 2024 Worker shortages in the construction trades are contributing to project delays, rising costs, and other challenges for both homebuilders and nonresidential contractors. As a result of the labor shortage it’s taking longer to build homes. In 2022, it took an average of 8.3…
Read MoreForeign Buyers Purchase Fewer U.S. Homes Last Year but Pay Highest-Ever Prices
Foreign Buyers Purchase Fewer U.S. Homes Last Year but Pay Highest-Ever Prices Back to News Center July 26, 2024 International buyers purchased $42 billion worth of U.S. existing homes from April 2023 through March 2024, according to a new report from the National Association of Realtors®. That volume was a drop of 21.2% from the…
Read MoreREALTORS® Support City Initiatives for Homeownership
REALTORS® Support City Initiatives for Homeownership Back to News Center July 25, 2024 REALTORS® have long supported, and been active and successful advocates for, local action to increase the number of housing units, both here in King County and statewide. Those efforts to increase housing supply have included new financial incentives, and wide-ranging policies to…
Read MoreRewiring America offers tool to help Americans go electric, save money
Rewiring America offers tool to help Americans go electric, save money Back to News Center July 23, 2024 Homeowners can get a free, Personal Electrification Planner to help save money, improve home comfort, and make a positive climate impact. Offered by Rewiring America, it promises an “easy-to-use home-electrification planning tool” that will generate a customized…
Read MoreSeattle’s ADU permits outpacing single family permits
Seattle’s ADU permits outpacing single family permits Back to News Center July 22, 2024 Seattle issued 987 permits for Accessory Dwelling Units (ADUs) in 2023, twice the volume in 2020 when the city issued 482 ADU permits. Officials point to an easing of regulations in 2019 as a key factor, according to a newly released…
Read MoreNew Statewide program to remedy discriminatory homeownership practices
New Statewide program to remedy discriminatory homeownership practices Back to News Center July 17, 2024 On July 1, Washington state launched a new program and funding source called the Covenant Homeownership Program. Created by the state legislature in 2023 through the Covenant Homeownership Act (HB 1474), the landmark legislation helps low-income homebuyers statewide whose families…
Read MoreHousing Inventory Improves, but high prices, interest rates are constraining activity
Housing Inventory Improves, but high prices, interest rates are constraining activity Back to News Center July 15, 2024 Despite strong gains in inventory levels, Northwest Multiple Listing Service reported year-over-year (YoY) drops in both pending sales and closed sales during June for the 26 counties in its monthly report. The area-wide median sales prices rose…
Read MoreKing, Kittitas Counties Outperform NWMLS Overall on three Key Metrics
King, Kittitas Counties Outperform NWMLS Overall on three Key Metrics Back to News Center June 27, 2024 Both King and Kittitas counties notched year-over-year (YoY) gains during May for active listings, pending sales, and sales prices. Those increases outperformed the overall totals in the Northwest Multiple Listing Service (NWMLS) areas covering 26 counties across the…
Read MoreJune is Homeownership Month
June is Homeownership Month Back to News Center June 20, 2024 June is when REALTORS® commemorate National Homeownership Month. The goal of the observance is to raise awareness about the benefits of owning a home and the importance of making homeownership more attainable for all Americans. REALTOR® members serve as trusted advisors, helping consumers navigate…
Read MoreFive Colleges Are Collaborating in effort to enhance urban forests
Five Colleges Are Collaborating in effort to enhance urban forests Back to News Center May 31, 2024 Tree canopies in several urban areas across the state should increase and residents in underserved communities will gain knowledge about stewardship of natural resources as part of a five-year project being led by Washington State University. The project,…
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