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With low inventory, house hunters are in full safari mode

Housing Wire

The Leading Indicator of Remodeling Activity, or LIRA, a measure developed by Joint Center for Housing Studies at Harvard University , seems to support Mohan’s assessment, showing that year over year “expenditures for home improvements and maintenance will post a modest decline of 2.8% through the first quarter of 2024.”

Inventory 466
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Navigating Carbon-Free Living: Insights for King County Residents

Will Springer Realtor

Local governments across Washington are currently revising their Comprehensive Plans , which serve as blueprints for zoning and development. Between 1996 and 2021, Washington moved from 38 th in the nation to 47 th for per-capital-vehicle miles traveled (7500 a year), the steepest decline in that period of any state.

Law 60
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Does Adding an In-Law Suite Pay Off?

Empire Appraisal Group

Does Adding an In-Law Suite Pay Off? Source: Does Adding an In-Law Suite Pay Off? It could increase a home’s value or bring in rent – or be more trouble than it’s worth. NEW YORK – Accessory dwelling units are known by many names: in-law suites, guest houses, backyard cottages, or basement or garage conversions, among others.

Law 78
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Freddie Mac first out of the gate with plans for targeted lending programs

Housing Wire

Perry said that despite statements from banking regulatory agencies, the Federal Housing Finance Agency , the Department of Housing and Urban Development and the Consumer Financial Protection Bureau to reassure lenders that targeted lending programs do not violate fair lending laws, mortgage lenders remain hesitant.

Lending 410
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Driving Toward Vehicle Charging Capabilities for the Home

Will Springer Realtor

Additionally, the Washington Legislature budgeted $103M in public charging infrastructure in 2022 – all while the state passed a law last year that bans the sale of new gas-powered vehicles by 2030. I developed a guide called Smart-home Technology: Planning and budgeting for the newest advances in safe living.

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Washington ADU Laws Aim to Open New Doors to Housing

Will Springer Realtor

Many Washingtonians may be in for a surprise on the real estate front when new laws take effect county by county that will greatly expand the use of accessory dwelling units – or ADUs – on parcels of land once exclusive to single-family homes. For context, 43K homes were added in the state in 2021.)

Law 66
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How to Check for Flood Risk During Home Buying

Will Springer Realtor

The Flood Factor rating system, developed by the nonprofit First Street Foundation, works on a 1-10 scale: 1 — minimal risk 2 — minor risk 3 to 4 — moderate risk 5 to 6 — major risk 7 to 8 — severe risk 9+ — extreme risk The consumer-friendly Flood Factor site , recently renamed to Risk Factor, lets you search by property address.