The Return of Housing Affordability in Washington

In an effort to provide tools to help motivate and encourage your clients, Washington REALTORS^® is providing this new paper, "The Return of Housing Affordability in Washington" by Michael Luis, of Michael Luis and Associates, an independent research firm.

As you and your agents are well aware, there are amazing, unprecedented opportunities in the housing market. This paper is designed to provide REALTORS^® information they can use to help "reenergize housing markets by emphasizing the return of ownership opportunities through greatly approved affordability across the state."

This independent research draws from many sources that give a unique, local perspective of the housing market here in Washington state, with home prices, interest rates and other local conditions bringing affordability to 1999 levels, rather than the doom and gloom of the media attention on the national picture. At the conclusion of the paper it also provides a look at major regional markets and the conditions that exist locally