Seattle Bubble

Time again already for another inbox-clearing story roundup.
First up, the Seattle City Council is apparently in a development-regulating mood lately. Not only are they tackling the ugly townhome issue, now they’re going after “megahomes” as well.
After years of complaints about suburban-sized homes that devour lawns and encroach on neighbors, the Seattle City Council plans [...]

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There have been a lot of local real estate stories this week that are worth mentioning, but aren’t big enough to merit their own post. So it’s time for another link roundup.
Tax Assessments & Government Revenue
First up, while tax assessments may be falling in Pierce and Snohomish, it looks like they’re still on the [...]

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Is this the first sign that downtown Bellevue has reached its condo saturation point? Seattle Times: Bellevue condo project, European Tower, put on hold
The housing slowdown has claimed another local high-rise, high-end condo project.
The developer of 16-story European Tower, a downtown Bellevue project whose design features just one unit on each floor, said Wednesday [...]

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Elizabeth Rhodes hits us this morning with a fun little morsel: Developers dangle discounts, toys to lure home buyers. (I wonder why this article wasn’t in the big weekend real estate section? Hmm… Edit: It would appear that the answer to that question is that they were saving it for the front page [...]

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