News You Can Use
Back to News Center 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 months to build…
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Back to News Center 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 prior 12-month period. The highest dollar volume of existing-home purchases…
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Back to News Center 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 plan in less than five minutes. The planner will…
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Back to News Center 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 ADU progress report. The report,…
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Back to News Center 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 4% from twelve months ago. King County’s pending sales…
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Back to News Center 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 state. In its recently released report summarizing May…
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Back to News Center 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 the home…
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Back to News Center 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, supported by a nearly $1.8 million Inflation Reduction…
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Back to News Center Eastside REALTORS®, and especially young professionals, are invited to be part of an initiative of the Bellevue Chamber to connect volunteers with nonprofits. The new event, called Believe, is scheduled for Thursday, May 30, at the Bellevue Botanical Garden. The showcase of nonprofits is being presented…
Read More Back to News Center Despite higher-for-longer interest rates that constrained purchasing power for some buyers, brokers across much of Washington reported solid gains in both pending and closed sales during April. In its latest report, Northwest Multiple Listing Service also noted listing activity improved last month in 23 of the…
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