State of the Market: 

We’re sifting through the data for 2022 and looking ahead at 2023 and wanted to bring you the stats, takeaways and predictions of the multifamily market in the Puget Sound Region.

Our Team: had a great 2022 with lots of highlights:

By Taylor Marr

By Chelsea Shapiro, Senior Broker

We live in a 24/7 real time, instantaneous kind of world, but in the real estate industry most things operate on a 90 day cadence. Why? That’s often the timeframe it takes to get a property ready for market, under …

By: Dave Meyer

This week, the Federal Reserve hiked the federal funds interest rate 75 basis points, which was widely expected. But there is more to Fed meetings than the headline rate hikes, and this particular meeting provided us with new data and insights that show the clearest picture …

Source: https://www.nahb.org/blog/2022/08/housing-recession-deepens

In the bi-weekly newsletter Eye on the Economy, NAHB Chief Economist Robert Dietz provided the following overview of the nation’s economy and its impact on the housing market.

Rising mortgage rates, high inflation, low existing inventory and elevated home prices caused housing affordability to fall to …

Half-full glasses and optimism are hard to come by lately and so often cynicism rules the day when it comes to economic forecasts for our country. Despite all that, I am choosing a set of rose-colored glasses for our outlook on the housing industry, and believe there …

For 2020, here are our latest top 10 misconceptions we’ve found that the public has about 1031 Exchanges.

1. 1. COVID-19 pandemic 1031 Extensions 
   2. Replacing Debt
   3. The Term Like-Kind
   4. Vacation and Second Homes Qualify
   5. Reverse Exchange
   6. Partial Exchange
   7. Qualified Intermediary Advice
   …

Update August 2020: Governor Inslee announced on 7/24/2020 an extension of the evictions ban in place across the state through October 15, 2020.

Gov. Jay Inslee extended protections for renters today as COVID-19 continues to impact the finances of Washingtonians statewide.

The governor first proclaimed a …

We’re missing 225,000 housing units. From the year 2000 to 2015 there were 225,000 housing units that should have been built in Washington state but were not. Various reasons and issues created this gap - the recession, construction costs, a diminished labor force in the building industry, oppressive …

On Dec. 22, President Trump signed the Tax Cuts and Jobs Act into law making sweeping changes to the tax code. There is some good news for commercial real estate with 1031 like-kind exchanges for real estate being retained. The Historic Tax Credit for certified historic structures has also been …