Uncategorized Seattle leads in modest upswing in manufacturing jobs – Puget Sound Business Journal It’s a rare sight indeed: The bottom line for America’s manufacturing sector is not written in red ink. The nation’s 100 biggest metropolitan areas — led by Seattle — actually added 98,900 manufacturing jobs between April 2011 and the same month this year, according to the latest figures from the U.S. Bureau of Labor Statistics  […]
Uncategorized It’s not an apartment or a condo, It’s a co-op! In Des Moines It’s not an apartment or a condo. It’s a co-op! By John Maynard and Richard Hagar Enlarge image Listen There are apartments and condos. Then there are co-ops. This type of real estate ownership is pretty common in large East Coast cities such as New York, Philadelphia and Boston, but it’s not as common here. […]
Uncategorized Rising home prices, low inventory create seller’s market in some areas – Puget Sound Business Journal Home prices in Western Washington rose slightly more than a percentage point in May, rising to $242,500 from $239,999, the Northwest Multiple Listing Service reported. Prices of single-family homes, excluding condos, rose 2.34 percent, while condo prices dipped more than 5 percent. Median prices are up 12.8 percent since January. In many areas, a lack […]
Uncategorized Seattle job addition ninth-best in U.S. – Puget Sound Business Journal Seattle added 33,700 jobs in the past year, which is the ninth-highest gain for cities in the country. America’s major metropolitan areas added nearly 1 million jobs during the past year. On Numbers, the research division of American City Business Journals, totaled the latest employment figures for the nation’s 100 biggest labor markets, using newly […]
Uncategorized Defend Your Deck: Shading Options for Outdoor Living Spaces The summer is approaching fast bringing with it warm weather, humidity, and lots of sunshine. While a deck or a patio is ideal for spending time outside and enjoying summer activities, it is important to think about having ample shade to comfortably entertain guests and prevent excessive sun exposure for your family.   “Now is […]
Uncategorized Seattle economy ranked third strongest in U.S. over long term – Puget Sound Business Journal The Seattle-Tacoma-Bellevue metropolitan area economy ranks as the No. 3 strongest in the nation, as measured by independent economic research firm Policom    Corp. Policom bases its rankings on the longer-term performance of city economies. The study measures 23 different economic factors over a 20-year period, determining how an economy has behaved over an extended […]
Uncategorized Seattle home prices rose in March | Business & Technology | The Seattle Times Home prices in the Seattle metropolitan area bounced back in March after declining for seven straight months, according to one closely watched index, providing more evidence the market may at long last have hit bottom. Prices were up 1.7 percent from February, according to the S&P/Case-Shiller Home Price Index. Among the 20 cities Case-Shiller tracks, […]
Uncategorized Seattle area homeowners less likely to be mortgage deadbeats, Zillow reports – Puget Sound Business Journal The Seattle area has more “underwater” homeowners than the nation as a whole, but these homeowners are twice as likely to keep up on their payments as underwater homeowners elsewhere, according to a first-quarter report from Zillow.com, the online Seattle home-listing service. Nationwide, nearly a third of U.S. homeowners are “underwater” on their mortgages, meaning […]
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Uncategorized Seattle-area salaries 12th-highest in U.S. – Puget Sound Business Journal Yearly salaries in the Seattle-Bellevue area average $56,290 a year, which is the 12th-highest in the country. The San Jose metropolitan area has the highest average annual salaries at $69,880 last year. Next highest was the San Francisco market at $64,820. Those were the highest pay levels in any metro area across the nation, according […]
Uncategorized Foreclosures fall in Washington state, West – Puget Sound Business Journal A new report says foreclosures are declining nationally, particularly in the West. According to RealtyTrac, a California-based foreclosure listing service, foreclosure filings nationwide in April hit their lowest monthly total since July 2007, and foreclosure activity declined sharply in several Western states. Foreclosure activity nationwide was down 14 percent in April from April of 2011, […]
Uncategorized What’s happening on 42nd St behind our office? West Seattle development: Oregon 42 construction to begin May 16, 2012 at 12:31 pm | In Development, West Seattle housing, West Seattle news | 45 Comments
Uncategorized Fire Station 37 sold for $613,000 Followup: West Seattle’s ex-Fire Station 37 sold for $613,000 May 15, 2012 at 12:39 pm | In Sunrise Heights, West Seattle history, West Seattle news | 39 Comments Read full story here: http://westseattleblog.com/2012/05/followup-west-seattles-former-fire-station-37-has-a-new-owner
Uncategorized Real estate developer, philanthropist Jack Benaroya has died – Puget Sound Business Journal Seattle real estate developer, civic leader and philanthropist Jack A. Benaroya, 90, passed away peacefully in his sleep on Friday, according to his family. “The guy is a legend in terms of real estate development,” said Jim Bowles, senior managing director for the greater Puget Sound area for CBRE, the real estate services firm. “He […]
Uncategorized 7 Metros Where List Prices Soared Last Month | Realtor Magazine Nationwide median list prices rose more than 5 percent in March compared to February, according to Realtor.com housing data of 146 markets. The median list price nationally is now $189,900. In fact, nearly all of the 146 metro areas saw median list prices rise or hold steady month-over-month except for five metros (Columbia, Mo.; Melbourne-Titusville-Palm Bay, […]
Uncategorized Real Estate for $890,000 – NYTimes.com (way to go Natalie!) MERCER ISLAND, WASH. WHAT: A 3-bedroom oak house on a wooded lot HOW MUCH: $875,000 SIZE: 3,110 square feet PER SQUARE FOOT: $281 SETTING: Mercer Island is a secluded, woodsy community on Lake Washington, between Seattle and Bellevue. The area is known for its well-regarded public schools and rustic atmosphere. The shops and restaurants in […]
Uncategorized Zillow will buy RentJuice for $40M; profits are up – Puget Sound Business Journal Online real estate company Zillow    announced Wednesday that it will buy San Francisco-based RentJuice Corp. for $40 million in cash. Zillow also posted record revenue for the first quarter of 2012 and a profit of $1.7 million, compared to an $800,000 loss in the same quarter last year. Profits per share were $0.06, compared […]
Uncategorized Further Proof the Real Estate Market Is Coming Back Last week, the National Association of Realtors (NAR) released their Pending Sales Report which showed that contracted sales were 12.8% higher than the same month last year and higher than any time since sales were impacted by the Homebuyers’ Credit back in April of 2010. The index stood at 101.4 which represents a level that […]
Uncategorized Flush with cash from investors and profits, HomeStreet bets on mortgage loans – Puget Sound Business Journal HomeStreet Bank    saw a big boost in profits for the first quarter of 2012, compared to a loss a year ago, as the Seattle-based bank continues to show revved-up life 11 weeks after going public and raising $88.7 million from shareholders. HomeStreet Inc. (HMST), the parent company of HomeStreet Bank, reported net income of […]
Uncategorized Mortgage rates hold near record lows | HousingWire Fixed mortgage rates held near record lows this week as the markets waited for the Federal Reserve monetary policy announcement following two days of deliberations. The Freddie Mac survey showed the 30-year, FRM averaged 3.88% for the week ending Thursday, inching down from the prior week’s average of 3.90%. Last year at this time, the […]
Uncategorized NAR: Pending home sales rise to highest level in 2 years | HousingWire Pending home sales increased in March and are well above a year ago, according to the National Association of Realtors. NAR’s pending home sales index, a forward-looking indicator based on contract signings, rose 4.1% to 101.4 in March from an upwardly revised 97.4 in February. It is 12.8% above March 2011 when it was 89.9. The […]