2020 Housing Forecast

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The Year 2020 housing forecast for Seattle, the Eastside, King County and Snohomish County is bright. Unbelievably low interest rates and strong job growth are expected to continue.
Consequently, if you’ve been on the fence about selling, this could be your year. If you’ve wondered if it’s a good time to buy, low rates could increase your buying power. However, you need to be prepared in a strong market. First and foremost, read the pdf for the full 2020 housing forecast.

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New Real Estate Excise Tax

Excise Tax
Reading Time: 2 minutes

A new decade is here and with it comes significant change to Washington State’s Real Estate Excise Tax (REET). When you sell your property you pay Excise tax based on a percentage of the value. Washington State Senate Bill 5998 was signed into law changing our local real estate excise tax from a flat rate to a tiered system. This change gives owners a tax cut on the first $500,000 of value and keeps the current rate on the next $1 million. However, it also includes an increase after $1.5 million in value.

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