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In some neighborhoods, older homes may be highly sought after, while in others, newer constructions may be more desirable. Buyers are frequently drawn to specific neighborhoods for reasons such as safety, walkability, or access to public transportation. Over the past several years we have all seen drastic changes occur in the market.
Whether it was cutting red tape and construction costs or ensuring our cities allow more affordable options near transit and jobs, these bills, working together, mean more homes, at more affordable prices, in communities all across our state.” The home was constructed for olive-oil importer John Vittucci. This 5-bed, 4-bath , 6500 sq.
Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. Homes considered “affordable” tend to be at or below 80% of median family income levels and only 23,877 units have been constructed across the state since 2020 – about 3.3K
This dynamic of private vehicle vs. public transportation will play out first in dense areas – like Seattle, Bellevue, Federal Way – and will be interesting to watch. >> A survey of the largest 50 cities determined Redmond is the 10 th -most active for new apartment construction. San Jose, Calif., came in second. >>
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