|Seattle battles housing discrimination with rental regulations
Crosscut.com explains a series of regulations for landlords recently passed by the Seattle City Counsel that effects properties within city limits. The most controversial and groundbreaking, is the requirement of rentals being awarded on a first-come, first-serve basis. City Officials are unaware of any other U.S. city requiring landlords to pick the first qualified applicant. If you have a rental property in the city of Seattle, please make sure you are aware of the regulations to keep yourself within the requirements.
Seattle home market hits new peak, prices have officially doubled
The Seattle Times recently reported that “single-family house values rose 10.7 percent in May compared to a year ago, about the same growth rate as the prior three months, according to the monthly S&P/Case-Shiller index. That’s more the double the national average growth rate of 5 percent.”
Will Seattle really become the next San Francisco?
The Seattle Times analyzied the data to find clues. For the past two decades through boom and bust cycles, as home have risen one dollar around Puget Sound, they raise two dollars in the Greater San Francisco Bay Area.
“Just 10 percent of families in the San Francisco metro area can afford to buy the median home, compared with 50 percent in the Greater Seattle area, according to the National Association of Home Builders and Wells Fargo,” the paper reports.