The housing market in the Greater Seattle Area is continuing to see a rise in demand and home prices even as our economy is still recovering from COVID-19 impacts that peaked in April. This trend is expected to continue into 2021 according to Windermere Chief Economist Matthew Gardner’s 2021 economic… Read more
The new accessory dwelling unit (ADU/DADU) legislation expected to be considered by the Seattle City Council sometime this summer is a positive step toward creating more affordable housing in our region. However, the proposal goes too far in limiting the choice of individual property owners who wish to build a… Read more
REALTORS® doing business in and around Seattle know there’s not enough affordable housing to satisfy all the buyers looking for homes. Despite rising inventory levels and moderating prices, there are still many buyers who can’t afford to enter our market. Likewise, sellers who want to downsize find fewer and fewer… Read more
King County’s growing job market continues to fuel a population boom that has not been factored into city and county housing plans. Today, nearly three people move to the area for every housing unit that is built. This imbalance in the housing market is largely responsible for escalating prices and… Read more
More than 470 REALTORS® and Affiliates showed up today for the annual “Battle of the Barristers” legal education program which raised close to $19,00 for the First Citizen Scholarship Foundation. You can find out more about the scholarship program here. Known as “the most informative and entertaining real estate legal event… Read more
The Seattle City Council took an important step to provide more housing options in the City’s university district. The Council passed a planned up-zone that is consistent with goals set out in the Mayor’s Housing Affordability and Livability Agenda – HALA. The rezone will direct growth to the blocks near… Read more
On February 13th the Shoreline City Council unanimously passed a package of code amendments, which included Unit Lot Development (ULD). ULD divides land for the purpose of selling smaller scale housing units, but it does not create separate legal building sites. Seattle King County REALTORS® encouraged the council to adopt the… Read more
A recently released report from the White House urges state and local government to review and revise policies which may restrict the adequate supply of housing for the nation’s work force. “This report is very timely, considering the work we are engaged in with the City of Seattle and other… Read more
The Master Builders Association of King and Snohomish Counties (MBA) hosted their 2016 Housing Summit at the Meydenbauer Center this morning. The objectives of the summit “are multi-fold, but all serve a singular goal: to increase the supply of affordable housing for all of our region’s residents,” said Shannon Affholter,… Read more
REALTORS® have been supporting efforts by small cities to allow more housing for working families. The supply of homes is far less than what’s needed to meet the market demand evident to everyone in the region. As we well know, the result of this demand is skyrocketing home prices and… Read more