Search results for: condo
Lowered 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 MoreLGBTQ+ Alliance tackles home-buying barriers facing under-served populations
LGBTQ+ Alliance tackles home-buying barriers facing under-served populations Back to News Center August 30, 2024 A capacity crowd was on hand earlier this month for a “Lunch & Learn” program on “Indigenous Peoples and the Home Buying Process + Covenant Homeownership Program.” The event, presented by the LGBTQ+ Alliance of Western Washington, featured speakers Monica…
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 MoreCity of Tukwila Comprehensive Plan Updates
City of Tukwila Comprehensive Plan Updates Back to News Center July 25, 2024 Tiny Villages The city of Tukwila has been embroiled for more than a year in disputes and litigation with King County regarding housing for asylum-seekers, including the tent encampment at Riverton Park United Methodist Church (RPUMC). Recently, that dispute spilled over into…
Read MoreREALTOR®–Proposed Lot-Splitting Policy Advances in King County
REALTOR®–Proposed Lot-Splitting Policy Advances in King County Back to News Center July 25, 2024 Advocating strongly for policies that increase housing supply and housing affordability—especially for middle-income buyers in the King County Comprehensive Plan update—REALTORS® proposed a lot-splitting comprehensive plan amendment in targeted jurisdictions. The amendment would allow for the development of detached single-family residences…
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 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 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 MoreElected officials, candidates join REALTORS at 30th Annual Housing Issues Briefing
Elected officials, candidates join REALTORS at 30th Annual Housing Issues Briefing Back to News Center July 8, 2024 “We need to take bold action to alleviate housing supply issues, ultimately helping affordability,” said Gina Madeya, 2024 vice president of governmental and public affairs for Seattle King County Realtors® (SKCR) in opening remarks at the association’s…
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…
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