Northwest MLS brokers say motivated home buyers turn to creative financing options:
Submitted by Frank Hawkins; Hawkins-Poe Real Estate Services Brokers with Northwest Multiple Listing Service (NWMLS) are reporting a return to some creative financing methods as motivated home buyers and sellers grapple with higher mortgage rates. Despite that, and the seasonal slowdown in activity, 6,435 hopeful homebuyers succeeded in having sellers accept their offers to purchase…
How will this economy affect the local housing market compared to the Great Recession?
BY JENNIFER HAWKINS, TPCAR Board Director Question: What are the similarities and differences between the potential recession we’re facing and what happened in 2008 in regard to housing? I would like to start off by saying recession does not equal housing crash. In fact the 2008-2009 recession is the only recession that created a housing…
How is a Home Warranty Different from Homeowners Insurance?
How is a Home Warranty Different from Homeowners Insurance? Homeowners insurance and home warranties are both designed to help safeguard your home, but they each offer different types of protection. A home warranty is an excellent supplement to a homeowners insurance policy, and a homeowner should consider purchasing both. What is homeowners insurance? Homeowners insurance covers…
Gig Harbor extends its short-term rental moratorium
On September 12, 2022, the City Council extended the moratorium allowing the city to evaluate the drafted regulations for Gig Harbor against legal framework currently taking shape across the country. This action further extends a moratorium which began one year ago. The city currently does not have any code which directly applies to short-term rentals…
Sumner City Council relaxes rules on ADUs
At its August 15 meeting, Sumner City Council unanimously approved changes to the city code regarding accessory dwelling units. City code previously only allowed ADUs on lots of 12,000 square feet or more. The changes adopted lower that number to as low as 4,000 square feet if the ADU is attached to the main unit,…
Update on real estate class action lawsuits
Class action attorneys will soon begin to notify members of the class in the Sitzer/Burnett class action lawsuit in Missouri. Plaintiffs in this class action lawsuit are raising questions about how broker compensation is paid. Although the judge granted class certification in the case in April, the ruling was procedural and does not reflect on…
Bailey : 2022 TPCAR Mascot
Meet Bailey! TPCAR’s Chief Barketing Officer TPCAR is proud to introduce Bailey, our new Chief Barketing Officer. Bailey comes to TPCAR with 5 years of experience in sales and advertising layout, with a focus on real estate barketing. Bailey is results-driven, especially when it comes to getting treats and belly rubs. Bailey is a lifelong…
Call for Board Nominations
Show your commitment to the value of TPCAR membership and help to shape its future! You may nominate yourself or a committed TPCAR colleague. Nominating candidates for office is a valuable service to the association and your thoughtful participation in this process is greatly appreciated. Eligible candidates must be members in good standing of the…
TPCAR comments on Home In Tacoma – Phase 2
The Tacoma Pierce County Association of Realtors (TPCAR) believes home ownership needs and opportunities must be at the heart of Phase 2 of Home in Tacoma. Home ownership provides countless benefits to our communities, and to the homeowner as well. While public comment is reviewed, and the next phase of Home in Tacoma is shaped,…
Tacoma set to begin Phase 2 of Home in Tacoma Project
Home In Tacoma – Phase 2 Project Overview Home In Tacoma – Phase 2 will be a high-profile public process to implement the new policies through changes to residential zoning and standards, along with actions to promote affordability and ensure that housing supports multiple community goals. Because housing and neighborhoods are important to all of…
TPCAR Endorses John Hines for Tacoma Mayor
The Tacoma-Pierce County Association of REALTORS® is proud to endorse John Hines for Mayor of Tacoma. Councilmember Hines has demonstrated a consistent and thoughtful commitment to expanding housing opportunities across Tacoma. From his early support and leadership on the Home in Tacoma initiative, to his strong advocacy for Accessory Dwelling Units (ADUs), John has championed policies that…
Read MoreWashington Enacts Statewide Rent Control: What HB 1217 Means for Tenants, Landlords, and the Housing Market
On May 7, 2025, Washington became the third U.S. state to enact statewide rent control – joining California and Oregon – with the passage of House Bill 1217. The law caps annual rent increases on most residential properties and includes special provisions for manufactured housing, among other regulations. Proponents argue the measure offers needed tenant protections amid…
Read MoreNew Property Tax Incentive for Affordable ADUs Now in Effect in Pierce County
Tacoma-Pierce County Association of REALTORS® members now have a new housing incentive to watch—Senate Bill 5529, recently signed into law, officially expands a key property tax exemption for accessory dwelling units (ADUs) to include Pierce County. This law encourages homeowners to build and rent detached ADUs to low-income households by offering a property tax exemption on the value…
Read MoreProposed Property Tax Changes Could Deepen Housing Affordability Crisis in Tacoma and Across Washington
As Washington state lawmakers weigh new revenue sources to balance the state budget, proposed changes to the state’s property tax cap are raising alarms among housing advocates—including the Washington REALTORS®, who recently commissioned an analysis to better understand the potential impacts on homeowners. The proposals under consideration would remove the long-standing 1% cap on annual…
Read MoreRent Control Advances in Washington: What HB 1217 Could Mean for Housing Providers
On Thursday, April 10th, the State Senate passed an amended version of HB 1217 which would implement rent control in Washington State. Due to changes made from the House version which was approved in March, the bill must move back to the House of Representatives for a vote of concurrence to be enacted into law.…
Read MoreWashington Rent Control Bill Moves to Senate with Key Amendments
One of the most hotly debated issues this legislative session has involved ESHB 1217 which would enact rent control regulations across Washington State. This bill passed out of the House of Representatives on Monday, March 10th by a vote of 53 – 42. While the bill did move out of the House, several amendments were made…
Read More2025 Legislative Days Event Recap
On January 29 – 30th, nearly 50 TPCAR members joined with 600 REALTOR® members from across the State to gather at the Capitol in Olympia and lobby REALTOR® and housing consumer issues with legislators from every district in the state. The event offered attendees an opportunity to hear from the Washington REALTORS® (WR) lobby team…
Read MoreTPCAR Advocacy Report – January 2025
Tacoma-Pierce County Association of REALTORS® advocacy team has hit the ground running in 2025 as several carry-over items from 2024 will continue to be worked on this year. Those include: Pierce County TPCAR has been tracking proposed short term rental regulations (STR), as well as accessory dwelling unit (ADU) regulations, for unincorporated areas of Pierce…
Read MoreTacoma City Council Enacts Home in Tacoma Phase 2 – Effective February 1, 2025
Tacoma is moving forward with its Home in Tacoma Phase 2 ordinance, a major update to zoning and building regulations aimed at increasing housing density and creating more opportunities for homeownership. As a REALTOR®, understanding these changes is essential to helping your clients navigate the evolving real estate landscape. Key Zoning Changes The new ordinance…
Read MoreOctober Advocacy update
In alignment with our mission to keep members informed on key planning and policy changes, TPCAR shares recent developments impacting Pierce County’s rural density planning and Tacoma’s business resilience efforts. These updates highlight important shifts in growth management strategies, with implications for land use and local business support. Home In Tacoma Update: Phase 2 of…
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