housing
Seattle May Be Expensive, But Its Still a Magnet for New Residents
Housing-research platform Redfin study ranks metro areas by residents looking to make a move
Seattle ranks as the top migration destination for residents of San Francisco and Denver looking to relocate, while Sacramento and San Diego claim Seattle as the top city of origin for individuals eyeing a move to those California metros, according to a recent Redfin study. The study is based on an assessment of Refin users…
Zillow Chalks Up Huge Revenue Gain Powered by Its Homebuying Platform
The Seattle company plans to bolster Zillow Offers revenue punch by expanding its reach
Zillow recorded a first-quarter loss of nearly $68 million, but its revenue was off the charts, at $454 million, up from $352 million a year earlier, with a good share of that growth driven by its homebuying platform. Zillow Offers, launched a bit more than a year ago, recorded revenue of nearly $129 million for…
Seattle Communities of Color Were Hit Hard by Home-Foreclosure Surge
Predominately black and Hispanic neighborhoods were disproportionately affected by the crisis, study shows
African-American and Hispanic homeowners paid a steep price during the foreclosure onslaught that lasted for years after the housing markets collapse slightly more than a decade ago, and Seattle was no exception to the rule, a study released by Zillow shows. This reality has an impact not only on homeowners in communities of color, but…
Amazon, Facebook Expansion Plans in Bellevue Could Spur a Homebuying Frenzy
City's home prices slipped in the past year, but the online giants' plans could reignite the market
This story originally ran on Redfin. Theres a spotlight on Bellevues real estate market after Amazon gave up plans to occupy a skyscraper with the capacity for up to 5,000 employees in downtown Seattle. The move is intensifying speculation that Amazon will focus its hometown growth on the Eastside suburbs over the next few years….
Major Companies Including Starbucks, Amazon Back Changes to Washington States Eviction Laws
The corporations are lining up behind a bill in the state Legislature to extend the notification period for evictions.
The counsels of several of the Seattle areas largest and most influential companies are urging the state Legislature to pass a bill that would change Washingtons eviction laws. Senate Bill 5600 and House Bill 1453 would extend the notification period for evictions from three days to 14 or 21 days. Amazon Inc., Starbucks Corp., Alaska…
Northwest Housing Prices Continue Sharp Rise
The Northwest Multiple Listing Service says the lack of homes on the market has depressed sales while increasing the number of multiple offers.
This interesting news is from the Northwest Multiple LIsting Service:KIRKLAND, Washington (May 4, 2017) Frustrating is how brokers are summarizing the mood of buyers, brokers and industry professionals during the current housing market frenzy. New statistics from Northwest Multiple Listing Service show declines in inventory and sales, while prices continue their upward trajectory, but those…