Posts by jnaegeli
REALTORS® Encourage Cities to Capitalize On Opportunities under HB 1220
REALTORS® Encourage Cities to Capitalize On Opportunities under HB 1220 Back to News Center July 25, 2024 House Bill 1220 requires cities to plan to accommodate housing that is affordable to households that typically need government subsidies to obtain housing. It allows cities to collect a small sales tax to help fund those efforts. Recently,…
Read MoreREALTOR®–Proposed Lot-Splitting Policy Advances in King County
REALTOR®–Proposed Lot-Splitting Policy Advances in King County Back to News Center July 25, 2024 Advocating strongly for policies that increase housing supply and housing affordability—especially for middle-income buyers in the King County Comprehensive Plan update—REALTORS® proposed a lot-splitting comprehensive plan amendment in targeted jurisdictions. The amendment would allow for the development of detached single-family residences…
Read MoreChanges to Kittitas County Real Estate Excise Taxes
Changes to Kittitas County Real Estate Excise Taxes Back to News Center July 25, 2024 Seattle King County REALTORS® has been assisting REALTOR® members in Kittitas County in efforts to better understand the passage of a second 0.25% real estate excise tax (REET) without a vote of the people, and to evaluate the prospects for…
Read MoreREALTORS® Support City Initiatives for Homeownership
REALTORS® Support City Initiatives for Homeownership Back to News Center July 25, 2024 REALTORS® have long supported, and been active and successful advocates for, local action to increase the number of housing units, both here in King County and statewide. Those efforts to increase housing supply have included new financial incentives, and wide-ranging policies to…
Read MoreRewiring America offers tool to help Americans go electric, save money
Rewiring America offers tool to help Americans go electric, save money Back to News Center July 23, 2024 Homeowners can get a free, Personal Electrification Planner to help save money, improve home comfort, and make a positive climate impact. Offered by Rewiring America, it promises an “easy-to-use home-electrification planning tool” that will generate a customized…
Read MoreSeattle’s ADU permits outpacing single family permits
Seattle’s ADU permits outpacing single family permits Back to News Center July 22, 2024 Seattle issued 987 permits for Accessory Dwelling Units (ADUs) in 2023, twice the volume in 2020 when the city issued 482 ADU permits. Officials point to an easing of regulations in 2019 as a key factor, according to a newly released…
Read MoreNew Statewide program to remedy discriminatory homeownership practices
New Statewide program to remedy discriminatory homeownership practices Back to News Center July 17, 2024 On July 1, Washington state launched a new program and funding source called the Covenant Homeownership Program. Created by the state legislature in 2023 through the Covenant Homeownership Act (HB 1474), the landmark legislation helps low-income homebuyers statewide whose families…
Read MoreThird Annual Homestay Program for Japanese real estate professionals
Third Annual Homestay Program for Japanese real estate professionals Back to News Center July 16, 2024 The third annual Global Real Estate Homestay Program welcomed three real estate professionals from Japan on July 12–17. Visitors spent four days with hosts for an immersive experience in the daily life of REALTORS® in the US. They visited…
Read MoreHousing Inventory Improves, but high prices, interest rates are constraining activity
Housing Inventory Improves, but high prices, interest rates are constraining activity Back to News Center July 15, 2024 Despite strong gains in inventory levels, Northwest Multiple Listing Service reported year-over-year (YoY) drops in both pending sales and closed sales during June for the 26 counties in its monthly report. The area-wide median sales prices rose…
Read MoreIn Memoriam: Jack Johnson
In Memoriam: Jack Johnson Back to News Center July 8, 2024 Modified from the original post at nwmls.com. The Seattle King County REALTORS® is saddened by the passing of Jack Johnson, former President and CEO of NWMLS. Jack passed away on June 21 at the age of 83. “Jack was an acknowledged leader in…
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