The Specialist in Seattle Real Estate
The new Case-Shiller Home Price Indices were released today and it shows Seattle has the fifth largest percentage of increase of value of all of the 20 major metropolitan cities included in the index over the last year. The top five were: Seattle has been one of cities that has consistently shown growth year-over-year sustained …
Today FHA announced some big changes to their condo financing guidelines, which will be effective immediately. Calculations for owner-occupied percentages are changing, and second homes will no longer be counted against the 50% owner-occupied requirement. Insurance requirements are also being adjusted to allow more developments to qualify. Also, a new streamlined recertification process has been …
This analysis was completed by Bloomberg using the US Bureau of Economic Analysis data for the 100 largest metropolitan areas in 2014. Gross Metropolitan Product (GMP) was clearly much higher in high-tech areas, with San Jose ranking number one nationwide. This reflects an ongoing trend showing that densely populated areas with educated, skilled, workers are …
For the first time in over a hundred years on November 3rd, Seattle will be electing it’s City Council Members based on geographical Districts, instead of city-wide. This has huge implications for the political process and the future direction of the city. There will be 7 District, or neighborhood races. And there will be two …
The proof is in. The Bureau of Labor Statistics has recently released a report recently that shows that Seattle’s incomes are increasing rapidly. In fact they are rising at twice the national average. (see chart) Of course everyone acknowledges this is affecting the purchase price of real estate, as well as rentals. And that is …