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Home buyer frustration builds as inventory shrinks, prices rise

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, Continue Reading

Lack of inventory “a game changer” for home buyers

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, Continue Reading

High demand, low inventory sparking multiple offers, market momentum

NWMLS, KIRKLAND, WA, December 5, 2012 - Real estate brokers expected some seasonal slowing during November, but last month's falloff was less than what some industry veterans anticipated. Members of Northwest Multiple Listing Service reported 6,522 pending sales last month – Continue Reading

Inventory dips to lowest level since 2006 -housing recovery continues with prices rising

KIRKLAND, WA, November 5, 2012 – Last month's housing inventory around western Washington fell to its lowest level since February 2006, according to statistics from Northwest Multiple Listing Service. The MLS report covering 21 counties also shows year-over-year prices on Continue Reading

Housing market rebound continues, with “slow, unprepared buyers” settling for “2nd choice” homes

NWMLS, Kirkland, WA, October 4, 2012 – Home sales around western Washington continue to outpace activity of a year ago while inventory remains thin, according to new figures from Northwest Multiple Listing Service. Brokers say that combination is resulting in disappointment Continue Reading

September housing statistics around Washington indicate recovery is continuing, strengthening sellers’ positions

NWMLS - KIRKLAND, WA, September 5, 2012 – Pending sales, closed sales and prices all increased in August compared to a year ago, according to the latest figures from Northwest Multiple Listing Service. Those key indicators, coupled with the persistent shortage of inventory, Continue Reading

Multiple offers for homes stimulated by constricted supply, favorable financing

NWMLS, Kirkland, WA, August 6, 2012 – Brokers around western Washington reported brisk activity during July with home buyers scrambling to take advantage of attractive financing while encountering shrinking inventory and, in some areas, rising prices. One broker remarked Continue Reading

Western WA housing market energized and showing signs of definite turnaround

NWMLS, KIRKLAND, WA. Northwest Multiple Listing Service brokers reported double-digit gains in both pending and closed sales during April compared to a year ago, but the most eye-catching number may pertain to prices. For the first time in more than four years (since January Continue Reading

Voters Strongly Value Homeownership, Oppose Policies that Might Stifle It

By an overwhelming margin, American voters strongly value homeownership and believe tax incentives are appropriate and reasonable. Three-fourths of voters who took part in a new nationwide survey affirmed their belief in homeownership, saying owning a home is the best Continue Reading

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