KIRKLAND, Washington (March 7, 2016) – Home prices in King County hit new highs in February as buyers tried to outbid each other for the sparse inventory in much of Western Washington. “We’re in for another crazy spring real estate market,” predicts J. Lennox Scott, chairman and CEO of John… Read more
Brokers should be aware of a revision to the NWMLS Form 22E regarding disclosures under the Foreign Investment in Real Property Tax Act (FIRPTA). The changes concern required tax withholding for transactions that close on or after February 17, 2016. Make sure to review the new requirements in the advisory… Read more
This article is from the February issue of the NW REporter. ShowingTime™, an online scheduling and management tool, will be added to the technology toolbox for members of Northwest Multiple Listing Service during February. Activation date is February 10. As part of the rollout, brokers are invited to take part in… Read more
Get the latest on technology tips at a free REALTOR® forum February 17. Following the success of their 2015 Forum Series, the Seattle King County REALTOR Affiliate Council will present this year’s first free REALTOR® only informational seminar. A panel of Member Affiliates will share their expertise on the newest technology… Read more
KIRKLAND, Washington (February 4, 2016) – Depleted inventory is contributing to “overwhelming” traffic at open houses, shifts in strategies for both buyers and sellers, and escalating prices, according to officials with the Northwest Multiple Listing Service. Dick Beeson, a former chairman of the MLS board, said the lack of inventory… Read more
In a recent national column, writer Kenneth Harney cited a study from Florida which found a 7% discrepancy rate between the sales price listed on bank closing documents and the closed price entered in the local MLS. The study, which sampled 400 transactions from two banks, noted that some difference could… Read more
KIRKLAND, Washington (December 4, 2015) – Inventory remains “critically low,” but there are fewer house-hunters in the hunt during this holiday season so motivated sellers and buyers are seeing success, according to brokers with Northwest Multiple Listing Service. Its just-released statistics for November show year-over-year gains in pending sales, closed… Read more
FOR IMMEDIATE RELEASE KIRKLAND, Washington (November 5, 2015) – With holidays approaching, real estate brokers usually expect a slowdown as buyers and sellers shift their attention elsewhere. “This year is different,” say some industry leaders. “Today we have one of the best markets we’ve ever seen for sellers,” observed Ken… Read more
FOR IMMEDIATE RELEASE FOR INFORMATION* KIRKLAND, Washington (October 5, 2015) – Scarce inventory, new rules for mortgage closings and affordability concerns will likely slow home sales around Western Washington during the remaining months of 2015 and into early 2016, according to spokespersons from Northwest Multiple Listing Service. The latest statistics from the… Read more
FOR IMMEDIATE RELEASE FOR INFORMATION* KIRKLAND, Washington (September 3, 2015) – Some brokers from Northwest Multiple Listing Service detected a slowdown in housing activity during August, “but nowhere near what is typical,” according to one industry veteran. Among MLS leaders who commented on the service’s latest report, expectations for the… Read more