Here’s a fun off-beat weekend story. Casket factory to become condo complex? While the real-estate market is cooling in some parts of the U.S., demand continues to surge in the Seattle area. That has prompted developers to step up their search for properties — even old, abandoned addresses. The North Coast Casket Factory, a red…
Seattle: Hybrid Cars & Hybrid Real Estate
Is the Seattle real estate market “cyclic,” “linear,” or “hybrid”? According to the analyst of the day, Seattle is a “hybrid market.” Could the real estate action be shifting to the heartland, the vast swath of middle America that wasn’t really touched by the hyperinflationary housing boom? That’s what a new statistical analysis of housing…
Even Rent Unaffordable To Thousands
Here’s a delightful story for everyone out there that’s cheering on huge “price gains” in real estate and rooting for rents to climb. The King County Housing Authority, which recently reopened its waiting list for rental assistance for poor residents, received 11,778 applications in a two-week period — an all-time high for the agency. That…
Wont Last Long
Check out the listing description for a condo in Redmond, listed at $165,000: nice clean spacious condo w/territorial view, lots of storage, assigned parking in garage. located near public parking and shopping. gated community w/lots of amenities. new plumbing, new elevator. wont last long at this price. Setting aside the author’s apparent disdain for the…
More Banking Job Shrinkage
More mortgage job losses for Washington State: Washington Mutual Inc., the nation’s largest savings and loan, notified 1,400 workers in Washington and Florida on Tuesday that they will lose their jobs as part of the company’s cost-saving strategy. About 850 workers at the company’s call center in the Seattle suburb of Canyon Park were told…