REALTORS® lead the way on recommended solutions for housing crisis
Recently, the Seattle Times published an article, “Region at a crossroads as home-buying power shrinks,” highlighting the many factors contributing to rapidly rising home prices and lack of inventory. Seattle King County REALTORS® have been submitting comments and suggestions for over a year to policymakers on ways to keep housing available and affordable in our area. See below for our collection of articles, letters, comments and recommendations in regards to the region’s housing crisis.
Note: this aggregated list will be updated periodically as new stories are published. Newest posts will be at the bottom.
Smarter planning is needed in the King County area to improve housing inventory. Concerned that growth planning throughout King County has repressed housing supply through insufficient zoning, SKCR, in collaboration with the Master Builders Association, has called upon the King County to improve the quality of data and the process by which cities determine housing capacity needed to accommodate jobs and population growth. Read more >
The Seattle King County REALTORS® has embarked on a bold new initiative designed to help ensure the Supply of Housing will be sufficient to meet the Actual Market Demand for Housing. Read more >
This past fall, the Mayor convened the Housing Affordability and Livability Advisory committee (HALA). The committee has been tasked with developing housing recommendations for everything from homelessness on up through market-rate housing. REALTOR® Terry Miller is participating on a HALA subcommittee task with developing strategies to preserve housing, and President Tyler McKenzie is urging Seattle to take bold steps to increase housing inventory. Read more >
With less than a two-month supply of inventory on the market, Lack of Inventory continues to be a major challenge for REALTORS® in King County. Seattle King County REALTORS® is on it, working to increase inventory levels going forward! Newly constructed inventory can help to ease the shortage of homes and…Read more >
REALTORS® respond to Seattle’s Housing Affordability recommendations Seattle’s housing market is hot. Inventory is at or near record low levels within the central Puget Sound area, resulting in keen competition among home buyers and escalating prices. According to the Northwest Multiple Listing Service report for June, Seattle has less than…Read more >
Early Tuesday morning, the Master Builders Association of King and Snohomish Counties hosted a Housing Summit at the Meydenbauer Center in downtown Bellevue to discuss how the rapid growth in the Puget Sound region affects the issues of transportation and housing. With over 250,000 jobs added across the four-county region… Read more >
Seattle King County REALTORS® submit comments on Seattle’s Comprehensive Plan Update encouraging housing inventory to accommodate unmet housing demand. Read more >
This year marks the 25th anniversary of the Growth Management Act (GMA). While the law has protected rural and resource lands and helped highly successful urban communities in Central Puget Sound emerge, it has not met the goal of fostering affordable and available housing, according to Seattle King County REALTORS®… Read more >