Publications
Early Assessment Shows Broker Commissions Declining
Early Assessment Shows Broker Commissions Declining Back to News Center December 30, 2024 A comparison of real estate broker commissions shows year-over-year decreases for both buyer agents and seller agents. In a recent blog, internationally known economist Elliot F. Eisenberg, Ph.D., noted it’s “still very early and the housing market is profoundly weak,” but said…
Read MoreSeasonal slowdown evident but industry watchers expect more supply and moderating prices
Seasonal slowdown evident but industry watchers expect more supply and moderating prices Back to News Center December 20, 2024 Key metrics on housing activity were mixed in November as seasonal slowdowns began, according to Northwest Multiple Listing Service. Its latest report shows systemwide month-over-month declines in new listings, total inventory, pending sales, closed sales and…
Read MoreSeattle City Attorney briefs REALTORS® on role and accomplishments
Seattle City Attorney briefs REALTORS® on role and accomplishments Back to News Center December 12, 2024 When she ran for the position of Seattle city attorney in 2022, Ann Davison framed herself as a “pragmatist” and advocated for restoring law and order to the city’s streets by “increasing prosecution of misdemeanor crimes and clearing out…
Read MoreWCRER publishes 2024 “State of the State’s Housing” report
WCRER publishes 2024 “State of the State’s Housing” report Back to News Center November 27, 2024 Nearly half of all renter households across Washington state pay more than 30% or income on housing costs. Some of these cost-burdened renters pay more than 50%, according to The State of the State’s Housing Report published by the…
Read MoreNorthwest MLS reported strong increases in sales, inventory and prices during October
Northwest MLS reported strong increases in sales, inventory and prices during October Back to News Center November 20, 2024 Pending sales of single family homes and condos in counties served by Northwest Multiple Listing Service (NWMLS) jumped nearly 27% during October compared to the same month a year ago. Last month’s volume of mutually accepted…
Read MoreHUD awards modular housing grant to colleges in Washington and Colorado
HUD awards modular housing grant to colleges in Washington and Colorado Back to News Center November 1, 2024 Comprehensive guidelines for designers and builders working on modular units and factory-built housing projects using mass timber and light wood frame members are being developed by two universities thanks to a $225,000 grant. The U.S. Department of…
Read MoreBellevue welcoming affordable housing developers with new incentives
Bellevue welcoming affordable housing developers with new incentives Back to News Center October 23, 2024 Recent actions by the City of Bellevue could result in the addition of 4,400 affordable housing units in the state’s fifth largest city. The median home price there is around $1.5 million. Bellevue’s initiative to reduce its affordable housing gap…
Read MoreLowered mortgage rates spur hope for buyers, but rising prices still limit activity
Lowered mortgage rates spur hope for buyers, but rising prices still limit activity Back to News Center October 15, 2024 Mortgage rates fell to their lowest level since February 2023 last month, but the cut did not spark much movement in homebuyer demand, according to the latest data from Northwest Multiple Listing Service (NWMLS). Its…
Read MoreWorking smoke alarms cut risk of home fire deaths by more than half
Working smoke alarms cut risk of home fire deaths by more than half Back to News Center October 1, 2024 Having working smoke alarms can save lives and property. The National Fire Protection Association (NFPA) founded and promotes Fire Prevention Week in its quest to reduce losses with “information, knowledge, and passion.” This year’s observance…
Read MoreLitter in Washington state: a big, costly problem with a simple solution
Litter in Washington state: a big, costly problem with a simple solution Back to News Center September 24, 2024 Good news: 75% of Washingtonians don’t litter, according to research by the Washington State Department of Ecology (DOE). Bad news: The litterbugs cause “expensive cleanups, dangerous road conditions, loss of community tourism, and big environmental impacts.”…
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