Recent CCAR and Washington REALTOR® Advocacy Wins

October 2023 Market Report

As part of your CCAR and RMLS memberships you receive access to monthly market action reports from RMLS. CCAR condenses these market reports down into sharable graphics that you are encouraged to download and share with your clients, or share on your social media accounts.
Simply click the link above to download the image, or click the social share sized graphics below to download them.
Historic data is available on the CCAR website.
Here’s what CCAR President Curtis Ambrose had to say about the October market:
“The prime driver of the activity – or lack thereof – in our current markets is high interest rates. Today’s interest rate environment is causing those who might otherwise want or need to move, but who have locked in a rate in the 2s, 3s, or 4s, to stay and wait for rates to come down before moving, while buyers are being hit with the double-whammy of high prices and high interest rates holding down affordability. Lowering interest rates coupled with more housing production would help to free up available inventory in Clark County.”




CCAR 2023 Endorsements
Newly Elected CCAR Directors Announced
Learn More About ‘Let’s Go Washington’ Initiatives
September Membership Meeting Recap
Clark County Communities are Addressing Concerns Over PFA’s Found in Wells

Washington Legislators Propose Increasing Real Estate Taxes Amidst a Housing Crisis
“Washington Legislators Propose Increasing Real Estate Taxes Amidst a Housing Crisis”
– Jo Ann Johnston, CEO – Clark County Association of REALTORS®
Vancouver, WA – Washington is in the middle of an extreme housing crisis that the legislature has failed to address for many years. Washington ranked 50th in the nation in housing units per family at the beginning of the year. In an attempt to address the effects of the housing shortage, the Legislature has made housing their top priority this year and is working on a large number of housing bills. Unfortunately, one of those bills is HB 1628 which proposes to increase the Real Estate Excise Tax on all properties with a larger increase on properties over $5 million. The proposal would increase the taxes on Clark County homeowners by over $23 million annually. Raising taxes is not the solution to creating affordable housing. You can’t make housing more affordable by making it more expensive.
Both the House and the Senate Capital Budgets have historic levels of investment into the Housing Trust Fund and housing services, all without increasing taxes or fees on Washingtonians. Between the numerous policy bills that would modify zoning, reduce regulations, and streamline review processes and the record-breaking investments proposed in the Capital Budgets, there is no need to increase REET. Increasing REET now would not only push the costs of homeownership higher but would increase the cost of commercial and multi-family buildings, which in turn drives up rent. We all agree that we need to go big on housing, and Washington needs a large amount of money to do that. The Governor’s housing bond referendum would dedicate that large amount of money that we need, without increasing Washingtonian’s taxes. The House Operating Budget already budgeted out the funds needed to repay that bond if it were to pass.
The legislature is taking steps forward through smart housing policy decisions, don’t move Washington backwards with a REET increase.
Loss of a beloved leader announced

February Local Issues Update
Clark County Comprehensive Plan Update
Clark County is going through the process of updating its comprehensive plan in accordance with the Growth Management Act (GMA). The plan is due to the Washington State Department of Commerce on June 30th 2025. This plan sets out how the county will accommodate growth over the next twenty years. This determines land use, infrastructure, and allowable uses on property throughout the county. The first part of the process will look at population forecasts from the Office of Financial Management followed by employment forecasts. This is a very important planning tool, and the county hopes to garner as much public participation as possible. Below you will find information on the comprehensive plan update, public participation plan, and the current adopted plan, last updated in 2016.
- Comprehensive Plan 2025 Update: 2025 Update | Clark County (wa.gov)
- Public Participation Plan (subject to change): PublicParticipationPlan_2025 Periodic Update-FINAL DRAFT-FOR PUBLIC COMMENT_1.pdf
- Current Comprehensive Plan (last updated in 2016): Comprehensive Plan 2015-2035 (wa.gov)
City of Vancouver Will Review Code, Planning Commission Looks at Code Changes for Evergreen and Grand Boulevard Commercial Corridors
The City of Vancouver has contracted with WSP to complete an extensive review of building and land use code for the City of Vancouver. This will also coincide with the City of Vancouver’s own comprehensive plan update. Click here to read more
The City of Vancouver is changing and last week the City’s planning commission reviewed the following presentation: Evergreen and Grand Commercial Corridors Strategy Implementation. The planning commission hopes these changes will spur more mixed use development in the area. The proposed code changes reflect a desire to make both corridors modern, dense, and walkable. However, the code proposal encompasses a drastic decrease in the amount of future parking available for both corridors.
City of Vancouver Maintains Ban on Large Scale Warehouses, Eases Threshold from 100,000 sq ft to 250,000 sq ft
City staff will aim to present code changes to the council within the six-month moratorium.
Is there an advocacy issue you want to know more about, or feel we should be focusing on?
Please contact Justin Wood to start the conversation!