NW REPORTER

NW REporter

May 2020 Issues

State awards $15.1 million to preserve nearly 1,000 affordable housing units

Nearly 1,000 affordable housing units at 32 housing preservation projects will receive $15.1 million in grants and loans to complete preservation work. The money, from the state’s Housing Trust Fund, will be used in communities throughout Washington. Of the 934 multifamily units, nearly half (432) will be occupied by extremely [..]

Bothell brokerage included in Money Magazine COVID-19 report

Bothell brokerage Real Living Northwest Realtors was included in a Money magazine report in late March on selling a home without showing it and “how coronavirus is throwing the real estate market into disarray.” The article noted the firm had created a “showing protocol form” requiring prospective buyers and selling [..]

Western Washington housing market adjusting to new ways of operating

KIRKLAND, Washington (May 6, 2020) – Residential real estate activity around Western Washington reflected expected declines during April with the impact of the coronavirus pandemic taking its toll. A new report from Northwest Multiple Listing Service shows year-over-year (YOY) drops system-wide in new listings, pending sales and closed sales, but [..]

Law firm offers resource of evolving Covid-19 information pertaining to real estate

Seattle law firm Helsell Fetterman, whose practice areas include real estate, is monitoring and compiling evolving news about the impact of the Covid-19 pandemic on real estate markets. The one-stop resource includes an overview of the measures federal, local and state governments are taking to mitigate economic impacts. The information [..]

News In Brief

The Washington Supreme Court says people are not entitled to make minimum wage for jury duty. Three citizens who reported for jury duty or who served on juries filed a class-action lawsuit against King County, challenging their $10-a-day pay. In an 8-1 decision Thursday, the court found that because of [..]

Publication date postponed for “State of the Nation’s Housing” report

Breaking with a practice that’s been in place since 1988, the Joint Center for Housing Studies (JCHS) decided to postpone the traditional June release of its annual State of the Nation’s Housing report. “As the impact of the virus on society, the economy, and the housing market grows by the [..]

Kirkland Council okays amendments to ease restrictions on ADUs

In a series of unanimous votes, Kirkland’s City Council approved a code package on March 17 related to “Missing Middle” housing. The action enables the development of cottage, carriage and two/three-unit homes and accessory dwelling units. Seattle King County REALTORS® supported the effort to amend the city’s zoning codes and [..]

SKCR Events Calendar

Date Event Time Where Phone May 13 Affiliate Council 10 am – 11 am Zoom 425-974-1011 May 14 Gov’t Affairs Committee 2:30 pm – 4 pm SKCR/Zoom 425-974-1011 May 20 Board of Directors 9:30 am – 12 pm SKCR/Zoom 425-974-1011 May 25 Holiday – Closed Office       For [..]

First waterfront condos in 20 years coming to Kirkland

A nine-unit condominium development on Kirkland’s waterfront is planned following the sale of an acre of property that fetched $11.84 million. Five of the homes have been reserved, according to BDR Homes of Bellevue, the homebuilder. Courtesy of MZA Architecture and BDR Holdings, LLC The project, which is in the [..]