Found 2 blog entries tagged as Covington.

What began as an extension of 2021’s high-flying real estate frenzy soon enough tumbled and fell to a near standstill by the Federal Reserve’s hiking of interest rates, rendering borrowing costs too pricy for most would-be homebuyers, who, no matter how hard they tried, couldn’t bend the numbers to their will. 

As rates rose, existing-home sales fell, builders pumped the brakes, price growth decelerated, and property sat on the sidelines far longer than forecasted. Real estate companies, meanwhile, braced for lean times after riding high through most of 2020 and 2021, with thousands of workers laid off and quarterly earnings reports showing losses — in some cases, to an unprecedented degree. 

To better measure an immeasurable 2022, we searched high…

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  Snoqualmie Ridge, perched idyllically above Snoqualmie Valley below. Several small cities like Snoqualmie in King County have seen their 20-year growth plans be rejected by regional leaders because they want to grow too much. (Steve Ringman/The Seattle Times)   By  Lynn Thompson Seattle Times staff reporter

Leaders of the small cities — Duvall, Carnation, North Bend, Snoqualmie and Covington — say they, not a central planning agency, should determine how they expand within their own borders. And they say that without growth they can’t keep the lights on and the roads paved.

“We have a right to grow, a right to revenue to support our city,” said Snoqualmie Community Development Director Mark Hofman.

Much…

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