This is a little redundant, but that’s why I’m posting it on a Saturday. It’s just a slightly different take on the economic fundamentals that allegedly drive the local housing market. Much of this data comes from the recently-released 2007 King County Annual Growth Report. You can get all these charts and the data behind…
Tag: King_County
Property Values: Stalled; Property Taxes: Rising
The mythical “fixed payments” for home buyers takes another hit in 2008, as property taxes increase an average of 6.5% across the county. The average King County homeowner will pay about 6.5 percent more in property taxes in 2008, mostly because of voter-approved increases and creation of new taxing districts, Assessor Scott Noble reported Thursday….
Inventory Growing Like Gangbusters
As a follow on to Tim’s post yesterday about December stats – the thing that jumped out at me from his post was the growth in inventory. Given that there have been a few comments on the blog about home sales picking up, I thought a data-driven look at what is happening with active listings…
WSJ: Mortgage Crisis Rivals S&L Meltdown
The Wall Street Journal has a good article today detailing the extended financial mess that has been brought on by the irresponsible enthusiasm of the now-bursting housing bubble. The home has long been the bedrock asset of most American families. Now, its value has become the biggest question mark hanging over the global economy and…
News Quickie: Government Revenues Sagging
Remember that slowdown in state revenues that we were warned about by our state’s chief economist ChangMook Sohn last year? Well guess what? It’s here! Washington’s construction industry continues to expand, but real estate tax collections are $18 million below expected levels. The state Revenue Forecast Council says taxable real estate activity in the past…