Seattle Bubble

Here are a few recent stories that have been covered elsewhere and are worth at least mentioning here.
Latest foreclosure statistics: Seattle P-I, Foreclosures in Seattle higher, but much lower than nation’s
The Seattle area had about twice as many foreclosures in May as it did a year earlier but continued to have a far lower foreclosure [...]

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According to the latest data, it looks like the state economy is slowly catching up to the unwinding national economy.
More than 3,000 jobs were lost in Washington last month, pushing the unemployment rate to 4.9 percent, up from a near record low of 4.5 percent in February, the Employment Security Department said Tuesday.
The change is [...]

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Good news everyone! Although the nation is slipping into recession, here in Washington State “our economy is strong” and the only thing that can bring us down is listening to all the “dire talk.” Well, that’s what Mrs. Gregoire would have us believe, anyway…
Gov. Chris Gregoire, at a Seattle economic forum Thursday, boasted [...]

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Everybody’s pal Christine Gregoire gave a pep talk to the Washington Realtors last week in which she made some interesting comments.
Gov. Chris Gregoire told about 400 Washington Realtors on Thursday that she has been working to meet goals the group has for transportation, affordable housing, education and quality of life.
Gregoire, who spoke a day after [...]

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Hmm, this seems like it could be a timely lucky break for state and local governments that have failed to responsibly save any of their recently booming property-tax revenue:
The State Supreme Court today found Initiative 747, the tax-limiting measure passed by voters in 2001, unconstitutional.
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The measure, passed by voters in 2001, limited increases in state [...]

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