It’s time for another reporting roundup. Let’s see what the local newspapers have to say about January’s not-so-positive numbers from the NWMLS. Will they claim that the market “bottoming out” and about to jump into full recovery mode? Or maybe they have finally come to accept the fact that Seattle will not avoid the downturn,…
Category: News
News, current events, etc.
Two Years Too Late: Legislature to Address Condo Conversions
Here’s a follow-up to yesterday’s condo re-version story. Just in time for the condo conversion mania to switch directions, while supply and demand do that thing they do so well, here comes the State Legislature to “fix the problem.” Renters forced from their apartments to make way for condominiums would get more time to find…
Repartmenting Around Seattle
Looks like the repartment trend has picked up enough steam in Seattle to catch the attention of the press. Specifically, the Sunday Times yesterday featured an article titled “Re-apartments” blooming. The newest trend in the Seattle rental market is a “re-apartment” — an apartment that was converted to a condo and is now being converted…
Property Values: Stalled; Property Taxes: Rising
The mythical “fixed payments” for home buyers takes another hit in 2008, as property taxes increase an average of 6.5% across the county. The average King County homeowner will pay about 6.5 percent more in property taxes in 2008, mostly because of voter-approved increases and creation of new taxing districts, Assessor Scott Noble reported Thursday….
Seattle To Get In On Bailout Action
Looks like the City of Seattle is getting in on some of the home “owner” bailout action. The City of Seattle is offering a helping hand to homeowners facing foreclosure. The pilot program would offer $5,000 loans to 40 families. Wow, $5,000, huh? That will let some overstretched buyer keep making their adjusted-ARM payments for…