Trends
Back to News Center Housing affordability continues to hamper would-be home buyers, according to a report from the National Association of REALTORS® (NAR). It found the demographic profile of homeownership is shifting, with first-time owners comprising only 24% of the buyers, down from 2023 when that cohort was 32%. In…
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Back to News Center 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 evidence shows commissions are…
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Back to News Center The Pacific Northwest has one of the country’s highest concentrations of electric vehicle (EV) use, according to a report from Axios. Their data from mobility analytics shows EV use is concentrated in the “four corners” of the U.S., with California, the Northeast and Southeast joining the…
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Back to News Center Washington ranks third among states with the most spoiled dogs, according to a recent Forbes Advisor survey. Only Florida and Alaska outscored residents of the Evergreen State. Forbes analyzed 10 key metrics from a nationwide survey of 10,000 dog owners. Washingtonians are tops in spoiling their…
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Back to News Center Would-be homebuyers started moving off the sidelines as 2023 came to a close, spurred by downward-trending mortgage rates and an uptick in new listings. Data compiled by Redfin showed several positive indicators of buyer demand and activity. Highlights included: Lowest weekly average 30-year fixed mortgage rate…
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Back to News Center City officials reported that between 2010 and 2021 the number of new renters in Renton was three times as large as the number of new homeowners. According to city planners, 92% of the 7,800 new housing units in Renton’s permit-pipeline are expected to be market-rate rental…
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