Okay so that headline was a bit of hyperbole, but I’m allowed to have a little fun now and then. I just couldn’t help it after reading about the “Horizons Economic Forecast breakfast” in Pierce County: With two weeks remaining, 2005 looks to have been a year of healthy, strong and fruitful economic results. Next…
Follow-Up: Anecdotal Evidence, Pt. 3
NO DICE Here’s another update on the properties I’ve been following in my neighborhood. The house I was watching never did sell, it would seem. After stagnating on the market for over three months and lowering the asking price by 8.5%, there still were no takers for the “cozy” house. I would guess that the…
Construction Hiring Dips In WA In November
With unemployment holding steady last month at 5.6%, the Seattle Times brings us the details of the employment numbers’ relation to housing: For the past year, the construction industry has been the main driver of economic growth in the state, accounting for a whopping 19.4 percent of all new jobs. Not so in November. In…
Sims: King County RE Tax Revenue Down
I was reading through a story about the King County Council’s 9-0 (4 absent) vote to increase county spending by $3.8 million on “pet causes” when I stumbled upon an interesting line: Sims, though, said real estate tax revenue is down. Considering all the stories I’ve been posting about government revenue going through the roof…
Housing Moving Further Out Of Reach
Ooooh, I can see the future. In a story tomorrow that has a very familiar theme, the Seattle P-I takes a look at the affordability of housing (both buying and renting) for lower income families in Seattle. Last year, the housing affordability gap — the difference between what lower income workers can pay for homes…