Spoiler: It's the top 10 green neighborhoods list. Georgetown is number eight.

Apologies for the clickbaity title. You should know that we would never make you click through twenty pages only to find a mediocre surprise at the end of the journey.

Back on topic, this is actually pretty cool for Georgetown, the area formerly known for satisfactorily dingy bars, burgers, and a weird smell probably produced by a mixture of said beer and burgers with a hint of airline fuel.

Redfin found that 56 percent of Georgetown homes were considered green, meaning they had one or more green features.

The study, conducted by Redfin data scientists, analyzed real estate listings for homes sold between January 2017 and April 2018 in more than 80 metro areas. The study also found that homes with the aforementioned one or more green features sold at significantly higher rates than those boring old techless homes—green had a median price of $569,000, compared to $522,000 for all other homes. That's…like a $47,000 difference. Right? Yes.

Numbers one and two on the list were, surprisingly, in Cleveland—the Malvern and Fenway neighborhoods in the upscale Shaker Heights neighborhood known for its sustainability efforts, among other things.

Neighborhoods in Philly, Orange County (CA), and the hipster haven Red Hook area of Brooklyn rounded out the list.

What does this mean for Georgetown? Nothing much more than a brag piece. It does, however, bring to light the fact that our builders and residents are trying. And that means something. Built Green, which certifies green homes in King and Snohomish counties and advocates for sustainability, can likely take some credit for Georgetown's number eight spot; last year, the partner program of MBAKS certified more than 800 new homes, which isn't easy to accomplish. Homes must adhere to vigorous checklists to be considered Built Green.

Says Built Green Program Manager Leah Missik, "Building green is about more than the gadgets that go into a home. (Programs like) Built Green work hard to promote healthy, sustainable communities in a variety of ways." Missik and Built Green are proud to lead by example both locally and at a national level. In fact, Missik says, "Each individual (Built Green) home is more water and energy efficient, healthier, and more comfortable, but our checklist also promotes walkability, access to transit, and community resources."

Missik drives home the importance of all-encompassing, sustainable communities like Georgetown and those others on the list, saying, "Homes are, after all, part of a community through the people who live in them!"

It's no secret that in progressive cities like Seattle and its surrounding areas that green is quickly becoming the new gold. People pay more for healthier, more sustainable homes and builders know this. Money has always talked, but when you attend a Built Green event, you quickly realize the people involved in green building also walk the walk. It's about more than higher home prices, which are already doing just fine in our area. It's about building a healthier future for our kids, and their kids, and so on.

Congratulations on being green, Georgetown. We'd buy you a beer, but you probably already have that covered.

The Master Builders Association of King and Snohomish Counties (MBAKS) held our annual Snohomish County Elected Officials Reception on Wednesday, June 17 at Rosehill Community Center in Mukilteo. The event drew elected officials and other local leaders from throughout the County and gave us a chance to thank them for their leadership and willingness to work alongside us on behalf of housing.

Everett Mayor Cassie Franklin, Marysville Mayor Jon Nehring, and Lynnwood Mayor George Hurst joined a panel discussion on how implementation of middle housing state laws is going in their communities, moderated by Snohomish County Builders Council Chair Ian Faulds of Sanbell.

The mayors shared insights on lessons learned related to middle housing development in their cities, as well as lessons from other cities they're applying to their own. Panelists spoke about the importance of aligning regulations with their long-term planning to provide more predictability, advancing permit streamlining measures, and establishing a culture in city government that views housing as a priority.

Mayors Franklin, Nehring, and Hurst also shared where they see the greatest opportunity for cities and builders to work together over the next few years, and what success would look like for housing in their cities. All three mayors agreed it is vital to engage and partner with the building community in this work. They described a vision for the future that meant more residents could afford to live and work in their communities, with housing options available to families and individuals at all stages of life.

MBAKS's Executive Director Jerry Hall rounded out the program by encouraging local leaders to consider all policies through a housing lens.

In case you missed it, view our takeaways from the event and our new middle housing resource to learn more about MBAKS's work on lowering barriers to middle housing options in the County.

Thanks to all the elected officials and MBAKS members who attended and helped make it a fun evening! If you missed this event, there's still time to register for the Seattle Builders Council Reception — July 29, 5:00–7:00 p.m. at Courtyard by Marriott Seattle Downtown/Pioneer Square.

Contact: data@mbaks.com

November Mortgage Rates Fall to Lowest Level in Over a Year

Mortgage rates continued to trend lower in November, with the 30-year fixed-rate mortgage (FRM) averaging 6.24% — the lowest level in over a year — while the 15-year averaged 5.51%. Rates remain down compared to a year ago, and the month also saw a slight uptick in the 10-year Treasury yield and ongoing market uncertainty reflected in the wider mortgage–Treasury spread.

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