The Savvy Investor’s Top 3
Here’s what apartment investors in Snohomish need to know this month.
STATE BILLS PASSED TO EXPEDITE THE DESIGN REVIEW PROCESS FOR DEVELOPMENT PROJECTS
Last Monday, Gov. Jay Inslee signed House Bill 1293 into law. The law imposes new restrictions on cities and counties engaging in design review. It will significantly reduce design reviewers’ power to dictate the look of new developments while at the same time streamlining the design review process.
FEDERAL RESERVE HINTS A PAUSE IN RATE HIKES
It’s no secret that the Federal Reserve has increased its rates at a record number within the last 16 months. It seemed that during every meeting, we were discussing not if the Fed was going to raise rates, but by how much. Well, it’s finally come to a halt, or so it seems… We currently stand at 5.25%, which is the highest level achieved in 16 years. We are now in the “wait and see” mindset to understand if the rate hikes will calm inflation and slow the economy.
DEVELOPMENT MARKET REPORT
During the month of June, we will be releasing our Development Market Report. To receive a copy of this report, click the link below. Through this link, you will be able to see where the development is taking place within Snohomish County and what new supplies will be delivered over the coming years. Hint: Amazon’s new distribution center in Arlington has had a major effect.