Real Estate

July 30, 2019

More high-end properties coming on the market

Windermere’s chief economist is noticing a significant number of high-end properties coming onto the market in King County.

“On the residential side we’ve already seen a fairly significant uptick in King County of listings above $1.5 million,” Matthew Gardner told KIRO Radio’s Dave Ross. “I think there are ...

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Posted in Real Estate
July 27, 2019

Home prices up in Pierce County, down in King

Buyers frustrated by the King County housing market appeared to be flocking to Pierce and Kitsap counties in June -- even as corrections to the market appeared to be taking place near Seattle.

King County was one of the few areas that showed a drop in home prices year-over-year in June ...

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Posted in Real Estate
July 14, 2019

More home inventory is on the way

There’s a fresh sign that more inventory may be coming to the market, as homeowners deepen their faith in selling. The percentage of consumers who are “strongly” optimistic that now is a good time to sell hit 46% in the second quarter of this year, a significant increase from the ...

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Posted in Real Estate
July 11, 2019

How Population Growth Across Western Washington Impacts Real Estate

A few weeks ago Gene Balk reported in the Seattle Times that King County Population Growth Hit is Decade Low.  That said, King County still ranked 6th in the nation for overall growth at 28,934 total population growth which is still pretty good.  The most interesting part ...

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Posted in Real Estate
July 7, 2019

Seattle makes affordable housing mandatory in upzoned neighborhoods

Architects and developers building across much of Seattle will soon have to meet the city’s new Mandatory Housing Affordability (MHA) requirements, a set of rules passed with a spate of recent comprehensive zoning changes designed to ensure that “new commercial and multifamily residential development contributes [new] affordable housing.”

The ...

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Posted in Real Estate
July 1, 2019

State construction budget includes funding for Tacoma projects

In odd-numbered years, the legislature passes not one but three separate budgets for our state.

The operating budget is the one most people think of as “the state budget.” It funds the operations of our state – everything from K-12 education, to higher education, to human services, to corrections ...

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Posted in Real Estate
June 30, 2019

Seattle housing market stays cool, while Tacoma and suburbs keep up the heat

The Puget Sound housing market continues to splinter into hot and cold sectors — with substantially more heat the farther south you move — but the trend may be moderating as buyers and sellers adjust their expectations.

In Seattle and King County, home prices in May were down substantially from ...

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Posted in Real Estate
June 24, 2019

Urban village takes shape under downtown Seattle skyscraper

Skanska yesterday revealed more details about the urban village that will sit below its 686,000-square-foot 2+U office tower under construction in downtown Seattle.

2+U has two connected towers of 19 and 38 stories that are set on a series of Y-shaped posts that rise above the village ...

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Posted in Real Estate
June 21, 2019

How to Invest in Real Estate

If you’ve been looking for ways to diversify your investment portfolio you’ve probably considered real estate. Unfortunately, not many people actually take the plunge. A recent study done by real estate investment company RealtyShares found that only 15% of Americans are investing in real estate outside of their primary homes ...

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Posted in Real Estate
June 19, 2019

US Home Prices Outpaced Income Growth in 2018

Home prices in 2018 climbed 4.5%, while incomes grew 3.2%, according to CoreLogic real estate figures and government wage data released Friday.

The gap suggests that affordability is worsening. Still, this gap appears to be narrowing relative in much of the country as gains in average hourly earnings ...

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Posted in Real Estate