By MBAKS Senior Policy Analyst Allison Butcher

Home Prices Up Amid Continued Inventory Crunch

King and Snohomish counties continue to have less than one month's supply of housing inventory for sale. Our region's low supply coupled with strong demand is driving up home prices. The latest market summary from the Northwest Multiple Listing Service shows median home prices are up 14 percent year-over-year in both counties during February.

The Builders' Bulletin is intended to provide a convenient way to track housing in our market and includes information from the Northwest Multiple Listing Service, U.S. Census Bureau, Office of Financial Management and the Washington State Employment Security Department.

Download this month's report:

By MBAKS Senior Policy Analyst Allison Butcher

The near-record-low 2.6% unemployment rate for Seattle/Bellevue/Everett seen in February rose to 5.5% in March, according to the latest monthly employment report, which shows the first wave of job losses from the COVID-19 pandemic. The Employment Security Department notes the impacts on jobs are more likely to be evident in the April report. Meanwhile, housing indicators from the latest Builders Bulletin do not yet reflect the impact of coronavirus on real estate and new home construction. The report shows year-over-year median home price increases in March and rising permits in February.

The Builder's Bulletin is intended to provide a convenient way to track housing in our market and includes information from the Northwest Multiple Listing Service, State of the Cities Data Systems, Office of Financial Management, and the Washington State Employment Security Department.

Download this month's report:

January 3, 2019
Media Contact:
Caia Caldwell, Public Relations & Media Specialist
Master Builders Association of King and Snohomish Counties
p 425.460.8213
m 717.479.1231

Bonnie Geers Named 2019 Board President of Master Builders Association

She is a member of the senior management team at Quadrant Homes, and former titles held include vice president of community development and vice president of entitlements. Based out of Bellevue, Quadrant Homes is entering its 50th year.

Geers previously worked as an associate attorney with Oade, Stroud & Kleiman P.C. in East Lansing, Michigan, practicing land use, real estate and business transactions, and estate planning. She has maintained her membership in the Washington Bar Association since 2000.

A member of MBAKS’ board of directors since 2014, Geers also served as the president of the Affordable Housing Council from 2014–2017.

Geers previously worked as an associate attorney with Oade, Stroud & Kleiman P.C. in East Lansing, Michigan, practicing land use, real estate and business transactions, and estate planning. She has maintained her membership in the Washington Bar Association since 2000.

“For decades, the Master Builders Association has stood as a testament of the value we deliver to our members,” said Bonnie Geers. “I am honored to have been chosen to lead the board and confident in our association’s leadership to represent our industry needs and support sound housing policy.”

About MBAKS

Founded in 1909, the Master Builders Association of King and Snohomish Counties has grown to become the largest local residential homebuilders association in the United States. With nearly 3,000 member companies, the association is dedicated to membership value, housing advocacy, community service, and financial stewardship throughout the Puget Sound region