Homeownership
Back to News Center This year, counties and cities throughout the state are required to update their comprehensive plans. For housing issues, comprehensive plans set the policies upon which zoning and development regulations are established. Seattle King County REALTORS® (SKCR) is advocating strongly for policies that increase housing supply and…
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Back to News Center For many would-be homeowners, a recent report has some daunting numbers. Potential purchasers of homes in the Seattle area need to earn $215,000 a year to afford a typical home. That’s up 18% from a year ago and about $100,000 more than the U.S. average, according…
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Back to News Center Housing is a front-and-center issue in King County, where there is not enough housing for everyone who wants to live here. Voter polls repeatedly cite homelessness and housing issues as a main concern. Seattle King County REALTORS® is at the forefront of finding solutions to these…
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Back to News Center City officials reported that between 2010 and 2021 the number of new renters in Renton was three times as large as the number of new homeowners. According to city planners, 92% of the 7,800 new housing units in Renton’s permit-pipeline are expected to be market-rate rental…
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Back to News Center This post is the second of a series of reports on the important legislative wins for REALTORS® from the 2023 Washington State congressional session. Washington REALTORS® scored a huge legislative win on May 8 when Governor Inslee signed HB 1474, a bill that establishes a Covenant…
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Back to News Center In the current era of higher interest rates and lower inventory, REALTORS® have to find creative ways to help their buyers win offers while offsetting costs. On April 21, 2023, about 50 REALTORS® gathered at the SKCR office to learn about downpayment assistance programs (DPAs) from…
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Back to News Center New data from the National Association of Realtors® reveal middle-income homeowners in the Seattle-Tacoma-Bellevue metro area accumulated an average of $302,250 in wealth as their homes appreciated over the last 10 years. The data, which was featured prominently in NAR’s new report, Wealth Gains by Income and Racial/Ethnic…
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