King County and Seattle to use combined $134M to build 1,600 housing units
King County and Seattle are allocating a combined $134 million for the construction of 1,600 affordable homes. Seattle will use $108 million from its 2023 Housing Levy to create 655 affordable homes, with a tax rate of 45 cents per $1,000 of assessed value. The One Seattle Comprehensive Plan aims to increase housing capacity significantly. […]
2026 Interest Rate Forecast: Continued Adjustments
Federal funds rate projected to fall from 3.7% (Q1) to 3.1% (Q4), marking consistent quarterly reductions. Rate adjustments aim to stabilize the economy, setting the stage for long-term equilibrium.
How Rate Cuts Could Fuel Homebuying Competition
The Fed influences mortgage rates indirectly through its policy on inflation and labor market data. Mortgage rates generally drop with Fed rate cuts, making borrowing cheaper for consumers.
Top Tips for Avoiding High Mortgage Rates
Feeling trapped by high interest rates? Take charge with these effective strategies to secure better mortgage rates. Review and improve your credit report and score to enhance lender confidence and secure favorable rates.
State report highlights challenges and draft strategies for stabilizing rents in affordable housing
A report by the Washington State Department of Commerce and Housing Finance Commission highlights challenges in stabilizing rents for tenants in state-funded affordable housing. Over 250,000 residents are severely rent-burdened, with a need for over one million new homes in the next 20 years. Key findings show many residents in affordable housing did not receive […]
Washington issues more than $16M in residential building permits
In December, Washington issued 17 residential new construction permits worth over $16.7 million, a significant increase from November. An $800,000 commercial construction permit for a mixed-use development was also issued, marking a rise from the previous December. However, there was a decrease in commercial permits compared to November. Additionally, two commercial alteration permits totaling $366,250 […]
When Are Quarterly Taxes Due in 2025?
Quarterly taxes are due four times per year to avoid IRS penalties. The first quarterly payment for 2025 is due on April 15, for income earned in Q1.
King County Market Update
Things Homeowners Should Check in Winter
Protect Pipes: Insulate exposed pipes to prevent freezing and bursting during cold weather. Seal Air Leaks: Check windows, doors, and outlets for gaps to save on heating costs.
Cost of Insuring a $200K Home in Washington
The average annual homeowners insurance premium for a $200K home in Washington is $1,088. Typical homeowners insurance covers: – Dwelling – Personal property – Liability – Additional living expenses