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Seasonal slowdown evident but industry watchers expect more supply and moderating prices

December 20, 2024

Back to News Center 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 median prices. However, when compared to a year ago, three…

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WCRER publishes 2024 “State of the State’s Housing” report

November 27, 2024

Back to News Center 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 Washington Center for Real Estate Research (WCRER).…

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Northwest MLS reported strong increases in sales, inventory and prices during October

November 20, 2024

Back to News Center 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 offers surged more than 30% in King County and more…

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2024 REALTOR® Achievement Awards Announced

November 4, 2024

These award winners were honored at the Awards & Installation Banquet on November 21 at the Washington Athletic Club. EVENT PHOTOS HERE REALTOR® of the Year Kitty Wallace Lifetime Achievement Cheri Brennan REALTOR® Achievement Hailey Rarden REALTOR® Excellence Sandy Sun Industry Icon Angie Mykel Instructor of the Year Mike Spence…

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HUD awards modular housing grant to colleges in Washington and Colorado

November 1, 2024

Back to News Center 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 Housing and Urban Development awarded the two-year grant to…

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Battle of the Barristers “exceeds expectations”

November 1, 2024

Back to News Center Exploding water heater. The Realtor® next door. The unread pre-inspection. Termination versus rescission. The joy of gardening. The secretive HOA. Those were the topics for this year’s sold-out Battle of the Barristers which “exceeded all expectations,” according to Marie Hansch, director of business practices at Seattle…

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Issues & Impacts Q3 2024

October 30, 2024

Back to News Center Issues & Impacts is a quarterly publication produced by Seattle King County REALTORS® to inform members about current issues and successes within the Government Affairs Department. IN THIS ISSUE: Mayor Harrell Announces ADU Proposal “Rent-Back” Protection Following Closing Woodinville Landlord-Tenant Issues Schools and Public Safety ADUs…

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Mayor Harrell Announces Proposal to Boost Production of Accessory Dwelling Units for More Diverse Housing Opportunities

October 29, 2024

Back to News Center In September, Mayor Bruce Harrell announced a package of new legislation to streamline the permitting process and increase production of accessory dwelling units (ADUs) in Seattle, creating more diverse and affordable housing opportunities. “Making progress on Seattle’s urgent housing affordability needs requires not only increasing overall…

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Protection of Seller Opportunities to “Rent-Back” Following Closing

October 29, 2024

Back to News Center In 2023, REALTORS® won an important victory when the legislature exempted short-term seller rent-back agreements from the coverage of the Washington Residential Landlord-Tenant Act (RLTA). However, a trial court eviscerated the exemption in Federal Way where voters approved eviction protections for tenants that are broader than…

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Woodinville Landlord-Tenant Issues

October 29, 2024

Back to News Center The City of Woodinville is exploring whether to add a set of tenant protections similar to Kenmore, Redmond, and Shoreline. Action is expected by the end of the year. SKCR’s goal is to seek a balance balanced approach to landlord tenant regulation that does not unduly…

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