November numbers were released today by the Northwest Multiple Listing Service. You can check out the raw numbers here in PDF format, or you’ve got your pick of four local papers and their commentary on what the numbers “mean”: Much like the movie “Groundhog Day,” the latest news on local home sales may sound like…
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King County Job Growth To Outpace Nation?
Business leaders seem optimistic about business growth prospects in the Puget Sound area, and as a result expect to see a “soft landing” in housing: A national economist predicted Thursday that job growth in King County will continue to outpace the nation as a whole next year. The forecast by Alison Lynn Reaser, chief economist…
"Bubble? The only answer right now is no."
At an “economic symposium” Wednesday, Washington’s Employment Security Department chief economist Rick Kaglic explained his belief that the state economy is cruising along just dandily: The local and national housing boom as well as The Boeing Co.’s recovery have finally kicked Washington’s economy into high gear, according to the chief economist for the state’s Employment…
Snohomish County Pre-Spends Expected Revenue Gains
Here’s another update for you on local municipalities spending the increased tax revenues from the real estate boom. This time Snohomish County reports in, with a stellar plan to pre-spend expected revenue gains from real estate excise taxes: Snohomish County will begin identifying renovation projects at the Evergreen State Fairgrounds thanks to an expected increase…
Excise Tax Battle Heats Up
The battle over proposed changes in the real estate excise tax is heating up, and depending on which side you listen to, the change would either drive prices up, or drive prices down. The Washington Association of Realtors has launched a $1 million campaign aimed at squashing a proposed tax increase on real-estate sales. “We…