HUD has recently released its revised rule on FHA insured condominium loans. The new rule allows FHA borrowers to obtain “single unit approval” on non-FHA approved condominium properties that meet certain requirements. Such approvals had been suspended during the recession. The revised rule makes additional changes that hold the promise… Read more
The Washington state Legislature is considering a new package of bills that would address our crisis-level housing affordability problem. Sightline author Dan Bertolet wrote that the package would address the three main fixes for a housing crisis – more homes, more funding for affordable homes and more tenant protections. The… Read more
Take a look at 2018’s Year in Review to see how Seattle King County REALTORS® worked for you this year.
Senator Guy Palumbo, D-1st District, has seen his district grow amidst our region’s job boom. In fact, the district – which straddles the King and Snohomish county line and includes Bothell and part of Kirkland – has absorbed much more growth over the last decade than anyone expected or planned… Read more
Whatever your ideas on how to solve Washington state’s housing crisis, we all agree on one thing: we need to do something. Speaking to the sold-out crowd at the Master Builders Association of King and Snohomish Counties (MBAKS) Housing Solutions Breakfast this morning, sponsored by Seattle King County REALTORS®, Georgia… Read more
Your clients have stories about their arduous home buying process. Now they have a useful place to share them. Non-profit groups, builders, REALTORS® and others have recently teamed up to promote legislative solutions to our statewide housing affordability crisis. The coalition, called Unlock the Door for Affordable Homeownership, is calling… Read more
Annual report on legislative successes now available From ADUs to education funding to housing supply, REALTORS® are working on issues that affect you, your business and your clients every day. This year, Seattle King County REALTORS® supported successful efforts to build more homes in several cities in King County. In… Read more
Despite recent growth in new listings, first-time home buyer opportunities in our market are scarce. Buyers know it, and brokers with frustrated clients who can’t afford to break into the Puget Sound region’s market know it too. James Young, Director at the Washington Center for Real Estate Research (WCRER), visited… Read more
In March, hopeful homebuyers camped out overnight to reserve a unit in Bellevue’s forthcoming luxury condo tower, One88. Those prospective buyers committed to condos that won’t be ready until 2020. Very few condos are being built in our region, which has driven prices and demand to historic highs. That’s just… Read more
From legislative priorities to diversity issues to awards, the Washington REALTORS® Spring Business Conference at the Seattle Airport Marriott last week covered everything impacting REALTORS® in Washington. Wednesday featured a first-time conference attendee orientation, where new state directors learn more about their roles. Robyn Phillips, WR Orientation Chair, greeted the… Read more