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Back to News Center Property taxes in the Seattle metro area ranked 10th highest among 216 other U.S. metros with a population of at least 200,000, according to data from Attom, a leading provider of property and real estate data. Its report shows property taxes have jumped 57% since 2016.…
Read MoreBack to News Center Housing affordability continues to hamper would-be home buyers, according to a report from the National Association of REALTORS® (NAR). It found the demographic profile of homeownership is shifting, with first-time owners comprising only 24% of the buyers, down from 2023 when that cohort was 32%. In…
Read MoreBack to News Center The Seattle King County First Citizen Scholarship Foundation is excited to announce that thanks to member generosity, 24 applicants will receive a 2025 scholarship, totaling $60,500. Scholarships are awarded to high school and college applicants, as well as our REALTOR® members, who demonstrate a commitment to…
Read MoreBack to News Center 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: REALTOR® Support for Increasing Housing Supply and Affordability REALTORS® Advocate for a Positive Regulatory Environment for Middle…
Read MoreBack to News Center Background During the last 5 years, the Legislature has tried several different approaches to address our state’s housing crisis: Incentives Beginning in 2019, with support from REALTORS®, the Legislature provided financial incentives to cities if they made specific modifications to development regulations to quickly accommodate more…
Read MoreBack to News Center Seattle King County REALTORS® (SKCR) continues to work throughout the region to encourage cities to adopt flexible and bold comprehensive plan policies and related development regulations to encourage ADUs and middle housing in their cities. REALTORS® are encouraging policymakers to view increased housing supply through zoned…
Read MoreBack to News Center Currently, Renton’s city code provides that decisions on land-use-related development applications are made by a professional Hearing Examiner. Once the Examiner’s decision is made, the City Council acts as a “quasi-judicial” appellate body for appeals of most land-use decisions. Seattle King County REALTORS® are making good…
Read MoreBack to News Center Currently, when a property owner wants to utilize the city of Tukwila’s Binding Site Improvement Plan (BSIP) process to develop their property, the property owner must also enter into a Development Agreement with the city. The two processes are redundant and add unnecessary expense and delay…
Read MoreBack to News Center Sign code updates are in play in Bellevue, Bothell, Lake Forest Park, and Duvall. We seek to maintain members’ ability to post on-premises “For Sale” signs and off-premises “Open House” A-boards, placed in the right-of-way during open-house hours. Sign code updates are complicated and technical due…
Read MoreBack to News Center In the eleventh hour of the legislative session, EHB 1217-the rent stabilization bill-underwent significant changes behind closed doors in a conference committee process. WR has issued a statewide Call For Action to members to urge representatives to reject the Conference Report on EHB 1217. The last-minute…
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