Monthly market snapshot by NWMLS
Make the right decisions and avoid costly mistakes! Housing markets are localized–not just the counties or cities, but also specific neighborhoods. Having accurate data is a crucial starting point. You then have to figure out how best to use that data to your advantage. The median price of a house is well above a million […]
Washington housing market in 2025
Housing markets are localized. This article focuses on the Western Washington housing market in 2025, particularly the Eastside housing market. There was notable activity and a competitive environment for buyers and sellers during 2024. Even though the mortgage lending rates were significantly higher throughout 2024 than at the start of 2023, there was a slow […]
Critical information for homebuyers and home sellers
This article outlines specific changes that Northwest Multiple Listing Service (NWMLS) is implementing by revising its forms and Rules on buyer brokerage compensation and the options available to sellers. These changes clarify and simplify these provisions. Here is that Critical information for homebuyers and home sellers. Real Estate transactions involve a great deal of paperwork. […]
NWMLS will not “opt-in” to NAR’s Proposed Settlement Agreement
NWMLS Position on NAR Settlement – Updated Information We have previously written about the proposal of the National Association of Realtors (Broker Nadir has never been a member of this association) for a settlement in a much-publicized lawsuit. BN Real Estate has consistently upheld a policy of unwavering transparency, adhering to industry best practices, and […]
2023 Housing Market in Western Washington by the numbers
Northwest MLS just released its Annual Report on sales and listing activity for 2023 within the 26 counties it covers in Western Washington. As the old saying goes, all real estate is local. This article contains numbers about the 2023 housing market in Western Washington only. An accurate market snapshot will help you stay better informed. Whether […]
Real Estate Brokerage in Washington State
Real Estate Agency Law governs all real estate brokerages in Washington State. For the first time since 1997, the state legislature has made significant changes to this law that go into effect on January 01.2024. These changes are made to strengthen already robust consumer protections provided by the Department of Licensing. All licensees must provide […]
NORTHWEST MLS’S members provide buyers and sellers with choices, control, and complete transparency
Northwest MLS is arguably the best MLS in the country. The nearly $1.8 billion jury verdict in a home seller’s class action lawsuit in Missouri against the National Association of Realtors and large brokerage franchisors has consumers and brokers in Washington state asking questions about residential real estate brokerage. The jury found that the defendants […]
Strategies for pricing your home right
In a recent article, I wrote about the importance of pricing your home right before you put it on the market. Pricing your home right is crucial for a successful sale. This article will help you with two key aspects: How to price your home right. How to promptly adjust that price if needed.
Homebuyers want a readily livable house
Today’s homebuyers prefer readily livable houses. They want a home that not only looks good but also where everything functions perfectly. They want to be able to bring their stuff and start enjoying their new home. It is that simple.
Strategies for selling your home in 2023
There is no denying that the housing market has shifted across the country—more in some places than others. But it is still an excellent market for homebuyers and sellers. This article is about strategies for selling your home. It will focus on preperations and adjustments home sellers’ must make to sell their homes quickly. Most […]