HOUSING OPTIONS EXPAND IN KING COUNTY

King County residents will have more options for owning a home thanks to a new law championed by REALTORS®. As Seattle and King County continue to experience greater demand for housing and an uptick in home prices, a coalition of housing advocates worked with the Legislature to pass a condominium reform measure that will make condo construction more attractive across the state.

The result: More housing choices for more people in King County.

Greater incentive to build condos

The new law removes the barriers that made condo construction too expensive and promotes more affordability.

More housing choices

Whether consumers are looking to find a home close to work, downsize after kids leave for college or join a tight-knit community, condos offer more options.

Increased affordability

Over the last two years, Washington led the nation in increasing home prices. Reforms in the law will increase the supply of homes in the market and help to alleviate skyrocketing prices.

Improved middle-market options

The previous condo law led to very expensive condo projects and a decrease in overall construction. The reform opens the door for additional middle-market options for homeowners.

STAY UP TO DATE

Condo reform is one example of Seattle King County REALTORS® working with the community to advocate for more homeownership opportunities. To find out the latest on the housing landscape in King County and ways you can stay informed, visit HousingTranslator.com.