Almost a year ago, a family that has accumulated ownership of 13 near-contiguous acres of downtown real estate in the Denny Triangle finally put the whole lot of it on the market. Mr. Clise is convinced now is the ideal time to sell. The job-market outlook is robust for Seattle, and the office market, with…
Tag: Seattle_Times
Bad Real Estate Loans Hitting Local Banks
Over the weekend, the Seattle Times published an article titled Bad real-estate loans stack up for smaller local banks, about the exposure local banks have to real estate loans. The gist of the article was that many local banks, squeezed out of the mortgage business by the likes of WaMu and Countrywide, had doubled down…
State Economy Continues to Slow
According to the latest data, it looks like the state economy is slowly catching up to the unwinding national economy. More than 3,000 jobs were lost in Washington last month, pushing the unemployment rate to 4.9 percent, up from a near record low of 4.5 percent in February, the Employment Security Department said Tuesday. The…
Seattle Gets Another New Real Estate Blog
Apparently Elizabeth Rhodes’ Home Forum Extra blog wasn’t capable of single-handedly satiating the real-estate-hungry readership of the Seattle Times. So, they’re introducing a new real estate blog by Real Estate Editor Cindy Zetts. Lots of people are avidly interested in real estate — buyers and sellers, owners and wannabes, investors and market voyeurs. But it’s…
March Reporting Roundup
I would have posted the reporting roundup on Saturday, but I was out of town for the weekend, and my only Internet access was dial-up (*shudder*). The tone of this month’s reporting isn’t too much different from last month, except that we’ve got a small dose of optimism thanks to a slight spring improvement. Of…