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Back to News Center On election night in November, the Kent School District’s ballot proposition was losing with just 49.11% of the vote. Because it was a levy, and not a bond, 50% approval is required for passage. When all the votes were tallied, it passed with 50.77%. Citizens for…
Read More Back to News Center On November 27, the SeaTac City Council voted unanimously to pass an ordinance with no increase in the city’s 2025 property tax levy. Additionally, the city chose not to take advantage of the opportunity to increase property taxes based on its “banked capacity” to do so.…
Read More Back to News Center Sign code updates are in play in the cities of Bellevue, Lake Forest Parks, and Duvall. Deliberation was paused on that work so comprehensive plans can be completed. We expect work to resume in the first quarter of 2025.
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Back to News Center This month, Seattle King County REALTORS® has launched REALTORS® + Housing, a new website dedicated to tracking the changes to housing policy mandated by two pieces of legislation passed by the Washington Legislature in 2023: HB 1110 and HB 1337. These bills are set to transform…
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Back to News Center Reflections from 2024 President Michael Orbino Happy 2025 to all our REALTOR® members and colleagues. I have been reflecting on our annual tradition of the holiday season beginning with Thanksgiving, which is usually seen as a time of deep gratitude. This is followed by Christmas and…
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Back to News Center A comparison of real estate broker commissions shows year-over-year decreases for both buyer agents and seller agents. In a recent blog, internationally known economist Elliot F. Eisenberg, Ph.D., noted it’s “still very early and the housing market is profoundly weak,” but said evidence shows commissions are…
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Back to News Center Key metrics on housing activity were mixed in November as seasonal slowdowns began, according to Northwest Multiple Listing Service. Its latest report shows systemwide month-over-month declines in new listings, total inventory, pending sales, closed sales and median prices. However, when compared to a year ago, three…
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Back to News Center When she ran for the position of Seattle city attorney in 2022, Ann Davison framed herself as a “pragmatist” and advocated for restoring law and order to the city’s streets by “increasing prosecution of misdemeanor crimes and clearing out homeless camps.” Since winning election and assuming…
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Back to News Center Nearly half of all renter households across Washington state pay more than 30% or income on housing costs. Some of these cost-burdened renters pay more than 50%, according to The State of the State’s Housing Report published by the Washington Center for Real Estate Research (WCRER).…
Read More Back to News Center Pending sales of single family homes and condos in counties served by Northwest Multiple Listing Service (NWMLS) jumped nearly 27% during October compared to the same month a year ago. Last month’s volume of mutually accepted offers surged more than 30% in King County and more…
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