Priced out of Seattle rental market, more opt for backyard cottages

By  Jessica Fu Seattle Times business reporter Affordability crisis This story is part of a Seattle Times focus on the affordability crisis in the Northwest. We explore the high cost of living and wealth disparities that shape our region; examine policies that impact prices for everything from housing to health care; and offer tips for

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5 predictions for the Seattle-area real estate market in 2025

Condos and apartments fill the view around Rainier Avenue South, just north of Interstate 90. (Ellen M. Banner / The Seattle Times) By  Heidi Groover Seattle Times business reporter For many in the Seattle-area real estate market, 2024 was a year of staying put. Elevated mortgage rates and high home prices kept would-be home shoppers

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Here’s how much you need to earn to afford a Seattle-area home

By  Heidi Groover Seattle Times business reporter In just a few years, the income needed to afford a typical home in the Seattle area has shot up nearly 80%, illustrating how skyrocketing home prices and interest rate hikes together have reshaped the region’s housing affordability. A Zillow analysis published Thursday found that Seattle-area home shoppers need to

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A generational tug-of-war is hampering the housing market — and limiting buyers’ options

By Andy Medici – Senior Reporter, The Playbook, The Business Journals Feb 25, 2024 Homebuyers in today’s market are increasingly faced with an inconvenient but inescapable truth — there are fewer homes for sale and the ones on the market are often in need of big repairs and renovations. That’s because far fewer homes have been built

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Burien sketches growth vision for busy, diverse Ambaum Boulevard

By  Daniel Beekman   and  Daisy Zavala Magaña  Seattle Times staff reporters BURIEN — He saw this conversation coming. Before Travis Thompson sold out concerts, signed with a major record label and embarked on a European tour, the Burien-raised rapper wrote about change coming to Ambaum Boulevard Southwest. “Won’t always be a man on the corner slinging that roasted

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Shorelines legalizes ‘cottage housing’ clusters north of Seattle

By  Daniel Beekman  Seattle Times staff reporter A new type of housing will be allowed to sprout in Shoreline from now on, though officials aren’t sure whether many developments will actually be built under the city’s new rules. The Shoreline City Council voted Monday to legalize “cottage housing” in low-density zones that are currently dominated by suburban-style

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Seattleites support denser housing, but only up to a point, survey finds

By Neetish Basnet  –  Data reporter, Puget Sound Business Journal Jun 4, 2023 Updated Jun 5, 2023, 2:54pm PDT More than 80% of Seattle metro area homeowners and renters support building denser housing in their neighborhoods, according to new Zillow research. However, their support is conditional. 2023 SUBSCRIBER STUDY Improve Your Experience By Taking A Short Survey Share your feedback

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Weekly Update: 03/12/2023

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Last City Council Meeting featured two housing issues. Orcas. An essay on how we got into the mess we're in with the airport, which is really another land use issue, why we continue to handle it incorrectly... and something about casinos? :D Why I'm on the fence about HB1110 and multi-family housing....

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King County needs 17K new homes every year to address housing shortage

Homes are seen along the east side of Beacon Hill in Seattle. King Co. needs 17K new homes every year to address housing shortage. (Ken Lambert / The Seattle Times, 2022) By  Heidi Groover  Seattle Times business reporter Just how much new construction is necessary to meet our region’s housing shortage? King County would need

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