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Gaps widen for incomes needed to afford homes in 10 metro areas

Gaps widen for incomes needed to afford homes in 10 metro areas Back to News Center February 9, 2024 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…

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Japanese homebuilder expands footprint in Seattle area and around U.S.

Japanese homebuilder expands footprint in Seattle area and around U.S. Back to News Center February 8, 2024 In a $4.9 billion deal, Japanese homebuilder Sekisui House, Ltd. is purchasing M.D.C. Holdings Inc., of Denver. The acquisition makes Sekisui, which has projects in Washington and 13 other states plus Washington, D.C., the fifth-largest homebuilder in the…

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REALTORS® Aim for Continuing Pro-Housing Momentum in the 2024 Legislative Session

REALTORS® Aim for Continuing Pro-Housing Momentum in the 2024 Legislative Session Back to News Center January 10, 2024 In the 2024 Legislative Session of Washington State, REALTORS® Hope to continue the momentum from the historic 2023 “Year of Housing” session marked by the passage of a record number of pro-housing, REALTOR®-backed bills. Washington REALTORS®’ Government…

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New Book Examines Factors Influencing Housing Design

New Book Examines Factors Influencing Housing Design Back to News Center January 9, 2024 The State of Housing Design 2023, published on January 2, 2024, examines how architects of residential dwellings are addressing issues of affordability, the warming climate, changing demographics, and increasing regulations and construction costs. The 184-page book, edited by the Joint Center…

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Research Shows Divergent ADU Policies Across the Country

Research Shows Divergent ADU Policies Across the Country Back to News Center January 9, 2024 “ADUs alone cannot fully address a host of housing-related challenges,” wrote a researcher from the Harvard Joint Center for Housing Studies, but she found they can be “an important part of meaningful comprehensive efforts to address them.” In a report…

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EV Use Surging in “Four Corners” of U.S.

EV Use Surging in “Four Corners” of U.S. Back to News Center January 9, 2024 The Pacific Northwest has one of the country’s highest concentrations of electric vehicle (EV) use, according to a report from Axios. Their data from mobility analytics shows EV use is concentrated in the “four corners” of the U.S., with California,…

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Pantone Unveils 2024 Color of the Year

Pantone Unveils 2024 Color of the Year Back to News Center January 8, 2024 “Peach Fuzz” (Pantone 13-1023) is color of the year for 2024. The hue is described as “nestled between pink and orange,” as a “cozy and comforting hue nurturing compassion and heartfelt kindness” and “a velvety gentle peach tone whose all-embracing spirit…

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Washington Among Top States with Pampered Dogs

Washington Among Top States with Pampered Dogs Back to News Center January 8, 2024 Washington ranks third among states with the most spoiled dogs, according to a recent Forbes Advisor survey. Only Florida and Alaska outscored residents of the Evergreen State. Forbes analyzed 10 key metrics from a nationwide survey of 10,000 dog owners. Washingtonians…

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Housing Metrics Show Signs of Rebound

Housing Metrics Show Signs of Rebound Back to News Center January 8, 2024 Would-be homebuyers started moving off the sidelines as 2023 came to a close, spurred by downward-trending mortgage rates and an uptick in new listings. Data compiled by Redfin showed several positive indicators of buyer demand and activity. Highlights included: Lowest weekly average…

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Issues & Impacts, Q3 2023

Issues & Impacts, Q3 2023 Back to News Center September 28, 2023 Issues & Impacts is a quarterly publication produced by Seattle King County REALTORS® to inform members about current issues and successes within the Government Affairs Department. In This Issue: Seattle Councilmember Sawant’s Rent Control Bill Dies Seattle Councilmember Lewis Slows Commercial Lease Legislation…

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