The recent tax reform added two provisions that could impede first-time homebuyers. Under the new tax law, the standard deduction has doubled to $24,000 for married couples ($12,000 for individuals).
A King County judge has struck down a new Seattle rule requiring apartment landlords to rent to the first qualified person who applies for tenancy. Landlords sued a year ago, saying the “first-in-time” rule passed by the City Council in 2016 violates state protections for rights of property, due process and free speech.
The perception is that Seattle is the most challenging place in the Puget Sound region to develop real estate, but new data suggest this is not the case.
Land in the city is too expensive to build affordable housing. Or is it? They’ve got a plan—and it could mean 1,000 new apartments for the workers who keep Seattle running.
Consumer prices have been remarkably stable throughout the economic recovery, and they continue to defy expectations. In searching for an explanation, the global commodities markets may provide some clues.
Thanks to good locations and low risk, industrial real estate has long been an attractive asset class for foreign investors, with one notable exception — China.