Posts tagged Seattle Times
Mayor Jenny Durkan Requests Independent Review of Seattle’s Streetcar Expenses

Seattle is currently in the midst of a massive update to the streetcar system, which will link the city’s two existing lines at South Lake Union and First Hill, moving past Pike Place Market and some of the most congested areas within the Emerald City. Most recently, SDOT has come under fire regarding the project’s expenses, as a report indicates that city officials may have underestimated the costs to run the system upon its completion in 2020. Seattle Times reports that in response to concern, Mayor Jenny Durkan has requested an independent review of the budget to be completed within the next 90 days.

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As Featured in Seattle Magazine: The Condo Conundrum

Seattle is the fastest-growing large city in the US with home prices rising more than any other metro area in the nation. That means developers are building new condominiums at a record clip, right?  Nope, it’s actually the opposite. There is currently a real shortage of in-city condominiums, resulting in high median home prices, rising by 19-percent year-over-year in November 2017 to $660,000 – about the same value as the median home price in King County. And 94-percent of the projected 27,000 new housing units to be built in downtown Seattle this decade will be for rent and not for sale, leaving many to scratch their heads. This topic was recently explored by The Seattle Times and King 5 TV News as prospective buyers have literally camped out overnight to book their opportunity to own. So, what gives? Here are ten reasons why consumers consider condos, but most developers don’t.

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On Top Nationwide for 13 Months, Seattle-Area Monthly Home Price Growth Takes a Holiday

Upon last month’s release of the CoreLogic Case Shiller Home Price Indices for August 2017, Realogics Sotheby’s International Realty predicted“Should the trend since April continue on the back side of the peak home-buying season, it is possible that Seattle’s monthly home price trend could actually turn negative.” This in fact is exactly what happened, with the Seattle index slipping by 0.28 percent monthly in September.

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Seattle Times Talks Crazy Emerald City Market Trends and the Condo Imbalance

In a recent article on Seattle Times, Mike Rosenberg sat down with Reddit to discuss what’s happening with “Seattle’s sizzling-hot housing market,” from rent hikes and growing home prices, to the condo imbalance and the influence of the tech industry.

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