Let’s check in again on the cheapest homes around Seattle proper. For methodology and a brief explanation of the reasoning behind this series, hit the April post. Please note: These posts should not be construed to be an advertisement or endorsement of any specific home for sale. We are merely taking a brief snapshot of…
Local Foreclosures Skyrocketed Even Higher in June
Time for our June update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: June 2009 King: 1,615 NTS, up 180% YOY Snohomish: 817 NTS, up 190% YOY Pierce: 1,050 NTS, up 144% YOY Yow. What opened the floodgates in June? 144% to 190% increases YOY? Yikes!…
Construction Jobs Still Contracting Fastest Around Seattle
Latest state unemployment figures came out yesterday. Here’s a brief look. Seattle area’s (King/Snohomish) unemployment rate (not seasonally adjusted): And here’s a graph that I created for Sound Housing Quarterly, which shows the percentage change year-over-year in various job categories, also for King/Snohomish:
Some Luxury Condo Developers Finally Dropping Prices
Another great story in the Seattle Times today by Eric Pryne: Bellevue Towers, other new condo projects cutting prices The developer of the region’s tallest luxury condo towers says it’s cutting prices an average of 20 percent in hopes of kick-starting sales. Only 43 of the 539 units at Bellevue Towers in downtown Bellevue have…
Seattle-Area Housing Oversupply Still Increasing
One set of data we like to check in on occasionally is the big picture of local housing supply and demand, measured by comparing the total number of housing units to the total number of households. You may recall the last time we checked in on this data back in March: Local Housing Oversupply Could…