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Washington Governor Bob Ferguson signed HB 1217 to limit rent increases and protect tenants from rent gouging. The law caps annual rent hikes at 5% for manufactured home parks and 7% plus inflation or 10% for other rentals, whichever is lower. It also mandates a 90-day notice before rent increases, helping families better manage housing costs and plan ahead. This aims to provide greater housing stability amid rising costs.
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Washington state passed several housing bills, including HB 1217, which limits rent increases to 7% plus inflation or 10%, and requires 90-day notices for rent hikes. HB 1491 mandates affordable housing near transit, while SB 5184 restricts parking requirements for new developments. HB 1096 streamlines lot splitting, and SB 5148 enforces Growth Management Act compliance. HB 1177, signed into law, expands child welfare housing assistance.
Inflation dropped to 2.4% in March, down from 2.8% in February, sparking hope for lower borrowing costs.
Lower inflation reduces the costs of credit cards, loans, and home equity loans for borrowers.
In Washington, sellers of commercial property must provide a seller disclosure statement (Form 17 Comm) detailing property information as required by RCW 64.06.013. This applies to most transactions, except foreclosures and certain transfers. Sellers must disclose known issues, especially environmental ones, which buyers cannot waive if affirmed. Agents may be liable for inaccuracies.
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society.
The origins of commemorating motherhood dates back to the Ancient Greeks, where in spring festival, they celebrated the goddess Rhea, considered the Mother of the Gods.
Anna Jarvis’s lobbying of President Woodrow Wilson resulted in Mother’s Day becoming an official American holiday in 1914.
Many other countries around the world also celebrate Mother's Day, including Canada, with festivities, dinners, pampering and gifts.
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society.
The origins of commemorating motherhood dates back to the Ancient Greeks, where in spring festival, they celebrated the goddess Rhea, considered the Mother of the Gods.
Anna Jarvis’s lobbying of President Woodrow Wilson resulted in Mother’s Day becoming an official American holiday in 1914.
Many other countries around the world also celebrate Mother's Day, including Canada, with festivities, dinners, pampering and gifts.
The US faces a heightened risk of recession due to new reciprocal tariffs announced by the administration.
Oxford Economics downgraded its 2025 GDP growth forecast to 1.4%, down from 2% previously.
Are we in a recession?
Not technically, but many feel it due to rising costs and reduced economic confidence
Are rate cuts coming?
Likely this summer, but the Fed is cautious as inflation cools slowly.
Sam has a Master of Business Administration (MBA) degree and years of experience dealing with people. As a real estate broker with his vast knowledge of the industry, he always wants his customers to get top-notch service.
