rent stabilization
Rents in Washington show signs of stabilizing
As apartments built over the past few years open to tenants rent prices across Washington are leveling off, a new analysis of the state’s rental market found. The average apartment rent statewide between July and September was $1,763 – a 0.6% increase over a year earlier, according to the Washington Center for Real Estate Research’s […]
Mobile home residents are seizing the opportunity to buy their parks
Mobile home parks are coming up for sale and there are signs that a new law giving residents a chance to buy them is working. Since mid-July, 11 properties have gone on the market in Washington and residents of seven are using tools from the three-month-old law to pursue ownership, the state House Housing Committee […]
The outlook for new statewide renter protections in Washington
Steep rent hikes across Washington have spurred local governments into taking action to help keep tenants in their homes, despite landlord pushback against these types of policies. In Bellingham, a November ballot initiative would offer new tenant protections when landlords hike rent by more than 8%. The Seattle City Council has discussed legislation to prevent […]