Speaking of economics, I’d like to hear from people who are in the trades: small general contractors, electricians, plumbers, siders, framers, painters, masonry/hardscapes, landscapers, flooring installers, heat/HVAC contractors, small remodeling contractors, etc.. I spoke recently with a client of ours who is an electrician and the individual mentioned that there were recent incidences of builders…
Category: News
News, current events, etc.
I finally said it. Twice. And loud enough to be overheard at the grocery strore.
I was out looking at commercial property and I ventured around Everett’s Silver Lake neighborhood where I bumped into a street (block and a half ) with five real estate signs, indicating five homes for sale. I pulled over and took a flier from a yard sign—a dated rambler, vacant with the yard a mess….
Sagging Market Delays Another Condo Project
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…
WaMu Cuts Home Equity Credit + More Financing News
The Puget Sound Business Journal reported Friday on some more news from WaMu that is likely to affect local homeowners. Washington Mutual Inc. has slashed or suspended $6 billion in available home equity credit to its customers in an effort to reduce its risk in a flailing housing market. If they haven’t already been notified,…
Quadrant Homes to Cut 6% of Workforce
According to KING 5, Quadrant homes announced some major layoffs yesterday. The slowdown in home sales nationwide has now hit one of the largest home builders in Washington state in the form of layoffs. Quadrant Homes is cutting up to six percent of its workforce. In an e-mail to employees, Quadrant’s CEO announced a formal…