Monthly market snapshot by NWMLS
Buying or selling Real Estate? Accurate data is a crucial starting point when This article is intended to assist both buyers and sellers. It is crucial to know precisely what is happening in the housing market. The information herein is updated monthly and based on NWMLS’s statistics, which are derived from activity in the 26 […]
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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 […]
Update: National Association of REALTORS®
On March 15, 2024, the National Association of Realtors and the Department of Justice agreed upon a proposed settlement. Below is the statement, directly quoted, as put out by the Northwest Multiple Listing Services. Additionally, please note two crucial points. Broker Nadir and BN Real Estate has never belonged to the National Association of Realtors. […]
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.