Real Estate News

Market Trends: Second Quarter of 2019

Market Trends: Second Quarter of 2019

Statistics from the second quarter of 2019 are in and Realogics Sotheby’s International Realty has analyzed the data with a look at the housing market trends for the second quarter of 2019, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.

What Mandatory Housing Affordability Means for Seattleites

What Mandatory Housing Affordability Means for Seattleites

In March 2019, the Seattle City Council unanimously approved a measure called Mandatory Housing Affordability (MHA), which upzones 27 neighborhoods in the region. Mayor Jenny Durkan quickly signed the measure into law and it is set to go into effect on April 19th. MHA’s main objective is to add affordable housing to the city through the allowance of taller single-family and multi-family residential projects. In all, city official estimates indicate that MHA will, at a minimum, provide 6,000 new affordable homes for low-income residents.