Market Updates

July 10, 2019

Largest increase in Washington wages since recession

It’s the biggest jump in pay for Washington workers since before the recession, as wages grew an average 5.5 percent in 2018 across all industries, to an average of more than $65,000 a year.

Washington has been making a slow, 10-year climb out of the economic hole left ...

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Posted in Market Updates
May 9, 2019

Home sales outpace listings in Pierce, Kitsap counties in March

As the spring real estate market ramps up in western Washington, buyers are flocking to Kitsap and Pierce counties.

A report released Friday from the Northwest Multiple Listing Service shows pending sales outpaced new listings in March in both counties, signaling strong activity.

“In Kitsap County, the buyers have arrived ...

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Posted in Market Updates
Sept. 17, 2018

Bellevue neighborhood claims the highest rent in the Northwest

The most expensive place to rent in the entire Pacific Northwest is in Bellevue.

Downtown Bellevue, to be specific, in ZIP code 98004. The average rent there is $2,824, according to a recent assessment by RentCafe. The data is derived from actual rents from market-rate apartment buildings with more ...

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Posted in Market Updates
June 29, 2018

Bellevue’s T-Mobile on the list of top 25 U.S. companies with the best managers

Having a great boss can make your experience at work much better, and the opposite is also true: More than half of Americans in a Gallup survey of over 7,200 workers said they had left a job to "get away from their manager to improve their overall life."

So ...

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Posted in Market Updates
June 14, 2018

New wing of Tacoma Art Museum opening celebration scheduled for January 2019

Tacoma Art Museum (TAM) is pleased to announce that on January 19, 2019, it will open its doors to the public to celebrate the new Rebecca and Jack Benaroya Wing.

“We wish to celebrate the opening of the new Benaroya Wing and provide TAM’s closest supporters and community partners the ...

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Posted in Market Updates
June 6, 2018

Space Needle begins big reveal of the remodel

The temporary screen that was wrapping the Space Needle has been removed to reveal the first phase of the $100 million renovation that the Seattle icon is undergoing.

The 20-foot tall screen, which was attached to a work platform suspended beneath the Needle’s top house, was installed in September to ...

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Posted in Market Updates
June 5, 2018

Will Seattle Head Tax Encourage Amazon to Expand in Bellevue?

Last week Amazon announced that pending the decision to place a $500 head tax on large Seattle employers that they would stop development on a project within the Denny Triangle neighborhood. Additionally they are considering sub-leasing the Rainier Square office project that’s under development versus occupying it if the tax ...

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Posted in Market Updates
May 30, 2018

Seattle’s new waterfront design will play to your instincts

The Overlook Walk could very well be the biggest thing in post-viaduct Seattle, a new piece of infrastructure that changes the city. Even though city planners have strived to be process-perfect, few are aware of it. It’s the elephant of the waterfront, with so many pieces it’s hard to envision ...

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Posted in Market Updates
May 14, 2018

First-time homebuyers learn to move quickly in tight markets

Rising home prices and a slim supply of starter homes in many areas are making this spring a challenging one for first-time buyers, real estate professionals say.

The typical price of a previously owned home in March was about $250,000, up nearly 6 percent from a year earlier, according ...

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Posted in Market Updates
May 5, 2018

SR 167 to Tacoma is years in the making

Pierce County has waited 30 years for the state to finish State Route 167. It was never designed to stop in Puyallup like it does today.

The SR 167 project will extend the highway from where it ends in Puyallup, four miles to Tacoma, tying in to SR 509 just ...

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Posted in Market Updates