Some parts of the market in the greater Seattle area may be slowing down, but nobody told the condo developers in Puyallup: After several years of public investment in downtown Puyallup, private money is now pouring into multilevel condominiums around Pioneer Park. It appears to be money well spent. Some units are expected to sell…
Category: News
News, current events, etc.
The Increasing Expense Of Living In Seattle
It’s getting more and more expensive—twice as fast as the national average—to live around the Puget Sound: Consumer prices in the Puget Sound area increased 1.3 percent over January and February – almost double the rate of inflation nationally. Housing prices, up 2.4 percent, led the increases in the Tacoma-Bremerton-Seattle area, the Labor Department reported…
Boilerplate House Poor Advice
In a column in yesterday’s Olympian, an investment advisor gave some advice that I suspect is followed by very few people in the Seattle area: Avoid being ‘house poor’ due to high payments While there are some rules of thumb by which lenders gauge the reasonableness of your housing costs, the valuation of your property…
More Personal Anecdotes
Here are a few real estate related anecdotes I have come across in the last few weeks. I’m not relating them to make any particular point, they’re just all of the real estate happenings that I’ve personally encountered recently. A coworker of mine recently moved from the Northgate area up to Bothell. Commuting across the…
Dead Monorail Lands Softly On Seattle Bubble
If you live in Seattle and don’t own a home, you probably think that the real estate bubble is nothing but trouble. Well it’s about time that the bubble did something for you. A hot real-estate market is going to help Seattle residents cut their losses as the city shakes off the collapse of the…