News You Can Use
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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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).…
Read More 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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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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Back to News Center Recent actions by the City of Bellevue could result in the addition of 4,400 affordable housing units in the state’s fifth largest city. The median home price there is around $1.5 million. Bellevue’s initiative to reduce its affordable housing gap enables faith-based organizations in single family…
Read More Back to News Center 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 report for September showed year-over-year (YoY) gains in both new and…
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Back to News Center Having working smoke alarms can save lives and property. The National Fire Protection Association (NFPA) founded and promotes Fire Prevention Week in its quest to reduce losses with “information, knowledge, and passion.” This year’s observance is October 6-12. NFPA, a self-funded nonprofit, created Fire Prevention Week…
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Back to News Center Good news: 75% of Washingtonians don’t litter, according to research by the Washington State Department of Ecology (DOE). Bad news: The litterbugs cause “expensive cleanups, dangerous road conditions, loss of community tourism, and big environmental impacts.” In addition to safety risks, the unsightly debris can harm…
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Back to News Center Presidential elections have little impact on home sales in the five months leading up to such elections, according to research by John Burns Research & Consulting. The firm measured both new and existing homes. “The annual seasonal decline in home sales is no worse in election…
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Back to News Center BELLEVUE, Washington (September 24, 2024) – Seattle King County REALTORS® have endorsed the Building Excellence Capital Construction Levy for the Lake Washington School District (LWSD). The $676.9 measure will appear on the November 5 ballot. If approved, the levy will generate an average of $112.8 million…
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