Local News

Real estate news in Seattle

Seattle rents, mortgages both on the rise and breaking records

Rising prices and rates are driving up mortgage payments which are pushing up demand for rentals.

Inventory falls 40% from pre-pandemic levels, as home values accelerate

Rent growth also slowed in December, posting the lowest monthly increase since February 2020.

Seattle among most neighborly cities in America

StorageCafe surveyed 11,000 Americans to determine what, exactly, makes a friendly community — and where those communities are.

Washington among best states to own a ‘tiny home’

The financial service provider IPX1031 has conducted a study to determine the overall best states in which to own a tiny home.

Home supply sees largest decline since pandemic’s start

December housing sales fell lower than they have since the start of the pandemic, a new Redfin report found.

Mortgage applications, interest rates rise first week of January

“MBA expects solid growth in purchase activity this year, as demographic drivers and the strong economy support housing demand,. However, the strength in growth will be dependent on housing inventory growing more rapidly to meet demand.” — Mortgage Bankers Association associate vice president of economic and industry forecasting Joel Kan

Could smaller homes help solve housing shortage in Washington?

Renton’s Permit Ready Accessory Dwelling Unit (PRADU) program may offer some respite from the state’s current housing crisis

Study: Washington ranks last in housing availability

Washington has been hit harder by the housing crisis than any other state, according to a new study by the Washington State Department of Commerce. Washington ranks last among 50 states in the ratio of housing units to the number of existing households, the EcoNorthwest study revealed.

SKCR: Transit-oriented grants an ‘absolute necessity’ for solving housing crisis

The Washington State Department of Commerce has awarded $2.4 million in Transit-Oriented Development Implementation (TODI) grants to 11 communities to review zoning areas served by current or forthcoming high-frequency bus service and light-rail transit.

Bellevue offers assistance with overdue rent, mortgage payments

The city of Bellevue is offering mediation to help tenants and landlords negotiate repayment of overdue rent resulting from the COVID-19 pandemic, according to a report by Seattle King County REALTORS® (SKCR).

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