KIRKLAND, Washington (June 6, 2016) – Just as expected, the month of May had an uptick in new listings (12,272), but just as many buyers (12,275) made offers on homes during the month to keep inventory depleted, according to the latest figures from Northwest Multiple Listing Service. “Inventory is being… Read more
Pictured above left to right: Sam Pace, Housing Specialist for Seattle King County REALTORS®, Michelle Connor, Executive VP of Strategic Enterprises at Forterra, Peter Orser, Acting Director at the Runstad School for Real Estate Studies and Randy Bannecker of Bannecker & Associates. This week, we hosted a crowd of over… Read more
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Condominiums are among the most affordable homeownership options for first-time homebuyers, as well as lower income borrowers. The House of Representatives passed, “Housing Opportunities through Modernization Act” or H.R. 3700, with a unanimous vote of 427-0. This legislation includes three major provisions that the National Association of REALTORS® supports: The… Read more
In recent years, condominium construction has lagged significantly, just as the demand for more affordable owner-occupied housing has increased in the Puget Sound region. REALTORS® seek a solution to this disconnect between market demand and depleted supply. Many believe a simple change to the state law regarding construction defect claims… Read more
The Women’s Council of REALTORS Seattle-Metro Chapter held their first meeting of the year at our Bellevue office and invited Chief Economist for Windermere, Matthew Gardner, to give a presentation titled “What Will 2016 Hold for the Seattle Economy and Housing Market?” You can read more about Gardner’s predictions for our region’s… Read more
The Mercer Island City Council is considering the imposition of a 6-month building moratorium that would prevent all property owners from filing a subdivision and/or lot coverage deviation application with the exception of those applications that have already been submitted to the city. The 6-month limit could be extended multiple… Read more
Early Tuesday morning, the Master Builders Association of King and Snohomish Counties hosted a Housing Summit at the Meydenbauer Center in downtown Bellevue to discuss how the rapid growth in the Puget Sound region affects the issues of transportation and housing. With over 250,000 jobs added across the four-county region… Read more
Covington is moving forward with plans for a new Town Center that will include new housing opportunities. A new study commissioned by the city says: “The Town Center developments will add a significant amount (up to 1,000 new units) of housing to the city. Adding this critical component will contribute… Read more
The 2015 State Legislature has passed, and Governor Inslee has signed, Senate Bill 5923 which requires counties, cities, and towns collecting impact fees to adopt and maintain a system for the deferred collection of impact fees for single-family detached and attached residential construction. The change is especially important because –… Read more