On November 19, Snohomish County Superior Court Judge Jennifer Langbehn issued a final decision in a lawsuit challenging Initiative 24-03. The lawsuit was brought by the Master Builders Association of King and Snohomish Counties, together with several of its homebuilder members and other businesses operating in Everett and Snohomish County. The initiative, sponsored by Standing for Nature, was approved by Everett voters in the November 2024 general election. Consequently, the City of Everett was the named defendant in the lawsuit. However, the city agreed with MBAKS that Initiative 24-03 exceeded local initiative powers and “undermines all of the efforts of the City to protect the environment without shutting down all development and industry within the City.”

Judge Langbehn, in her ruling on MBAKS’s motion to declare Initiative 24-03 invalid, agreed with MBAKS and the city. She confirmed that under state law “[t]his initiative’s provisions are directly contrary to the water rights system established by the State and is outside the scope of the City’s authority.” Judge Langbehn therefore concluded that “Plaintiffs are entitled to a declaratory judgment that Initiative 24-03 exceeds the scope of the local initiative power and is therefore invalid.”

This is an important win for housing, the environment, and the community. “As a trade association with members proudly building homes in the City of Everett, we are grateful that the Judge Langbehn affirmed the position we fought for with city officials and local businesses that Initiative 24-03 is invalid,” said Jerry Hall, executive director of MBAKS. “Homebuilding must already adhere to strict local and state regulations that protect our water, air, and land. We know that environmental protection and housing are not competing goals, they depend on each other. The invalidation of Initiative 24-03 allows this existing framework to continue working as intended. We filed suit because it was necessary to protect the public’s best interest and ensure that our shared values of environmental stewardship are upheld as new homes are built and existing homes are remodeled for current residents, newcomers, and future generations.”

Under the laws governing local initiatives, City of Everett officials acted consistently with their obligation to put Initiative 24.03 before voters once the required number of signatures was verified. State law does not permit the city to consider whether the content of Initiative 24-03 complies with local initiative powers when determining ballot eligibility. As a result, the initiative appeared on the November 2024 ballot in Everett. Following the election, MBAKS asked the Snohomish County Superior Court to invalidate the unlawful initiative.  

How Well Does Seattle Recover From Disaster?

Turns out, pretty well.

80.5 percent* is the percentage of Seattle metro area homes that have recovered to peak pre-recession value, according to a recent Trulia article.

What does this mean, exactly?

It means that the Seattle area has recovered quite well compared to a large amount of the United States. The region ranks #22 nationally in recovery percentage (a bit surprising we're that low), currently sitting behind Colorado smoking buddies Denver (#1, with an impressive 98.7 percent recovery rate) and Colorado Springs (#7, 93.4 percent), San Francisco (#2, 98 percent), and Oklahoma City (#3, 94.3 percent—and give us back the Sonics, please).

Other cities beating us at the moment include Dallas (#9, 92.5 percent), Honolulu (#11, 91.5 percent), and Portland (#13, 90.3 percent—grrrr).

Find the full list here.

Among the areas with the lowest recovery rates, including the bottom tier of Las Vegas—#101, with just 0.6 percent of homes back to pre-recession value), Tucson (100, 2.4 percent), and Fresno (99, 2.5 percent), it's no surprise to find that these cities have seen the worst income growth in the years spanning December 2009 to January 2017.

And guess what?

The cities with the strongest recovery rates, including our beloved Seattle, also have the strongest income growth. With the median Seattle proper home price currently clocking in at $638,000 (and $426,000 in the Seattle metro area), that's no big surprise, really. It takes a heavy wallet (or a lot of big wallets) to help dig us out of such a monumental disaster, especially considering that just 34.2 percent of all homes nationally have fully recovered to their pre-recession peak value.

The three big factors that set the tone for quicker recovery include, alongside income growth, job growth and population growth, as well as post-recession vacancy rate.

It's a bit humbling to see just how far into the hole the housing market was just eight years ago, spurred by the foreclosure crisis that was so big it now has its own major motion picture. The good news is that, according to Trulia, U.S. home recoveries have been steadily—albeit slowly—climbing since the stuff that hit the fan began to get cleaned up, to the tune of 5 to 6 percentage points per year. While Trulia's data suggests we won't see 100 percent of homes fully recovered until September 2025, the fact that we can again use terms like "thriving" and "booming" when it comes to the housing market and our economy feels good. Let's hope we can keep wearing these buzzwords out.

Now, if we can only figure out where to house all these home-hungry folks…

*All data courtesy of Trulia.com

Michell Filleau-Maas, our community stewardship manager, needs your help to make our 25th anniversary of Rampathon successful.

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