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Market Activity in January outgained same month in 2024

By jnaegeli / March 7, 2025 / Comments Off on Market Activity in January outgained same month in 2024

Back to News Center January’s housing activity showed both new listings and closed sales outgained the same month a year ago. Northwest Multiple Listing Service (NWMLS) data for the month showed new listings jumped 35.1% and closed sales rose 10.8% compared to January 2024. In King County, new listings surged…

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Builders Tally Cost of Regulations for New Homes

By jnaegeli / March 3, 2025 / Comments Off on Builders Tally Cost of Regulations for New Homes

Back to News Center Regulations accounted for nearly a quarter (23.8%) of the average cost of a new home ($394,300), according to the National Association of Home Builders (NAHB). The figures are based on data from 2021, the latest available information. In a more recent study, the 2024 Cost of…

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Parks Levy Proposed for August Ballot

By jnaegeli / February 27, 2025 / Comments Off on Parks Levy Proposed for August Ballot

Back to News Center King County Executive Dow Constantine has proposed a $1.5 billion levy to renew the county’s parks levy. It contains funding to maintain, enhance and expand parks and trails The measure, which is subject to approval by the King County Council, is likely to be considered by…

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Early Assessment Shows Broker Commissions Declining

By jnaegeli / December 30, 2024 / Comments Off on Early Assessment Shows Broker Commissions Declining

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

By jnaegeli / December 20, 2024 / Comments Off on Seasonal slowdown evident but industry watchers expect more supply and moderating prices

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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Seattle City Attorney briefs REALTORS® on role and accomplishments

By jnaegeli / December 12, 2024 / Comments Off on Seattle City Attorney briefs REALTORS® on role and accomplishments

Back to News Center When she ran for the position of Seattle city attorney in 2022, Ann Davison framed herself as a “pragmatist” and advocated for restoring law and order to the city’s streets by “increasing prosecution of misdemeanor crimes and clearing out homeless camps.” Since winning election and assuming…

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

By jnaegeli / November 27, 2024 / Comments Off on WCRER publishes 2024 “State of the State’s Housing” report

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

By jnaegeli / November 20, 2024 / Comments Off on Northwest MLS reported strong increases in sales, inventory and prices during October

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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HUD awards modular housing grant to colleges in Washington and Colorado

By jnaegeli / November 1, 2024 / Comments Off on HUD awards modular housing grant to colleges in Washington and Colorado

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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Bellevue welcoming affordable housing developers with new incentives

By jnaegeli / October 23, 2024 / Comments Off on Bellevue welcoming affordable housing developers with new incentives

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…

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