housing market

real estate
4:47 pm
Tue July 30, 2013

Seattle Home Prices Post Highest Monthly Jump Since April 1990

Elaine Thompson Associated Press

Home prices in the Seattle metro area in May showed their biggest monthly gain in more than 20 years, as a tight supply of homes and low interest rates drive values higher.

Until recently, interest rates were at record lows, and that’s been spurring people to jump back into the housing market after the 2008 crash. Home prices in the Seattle metro area climbed more than 3 percent in May compared with April. That’s according to the Standard and Poor’s Case Shiller Home Price Index. 

Read more
foreclosures
8:03 am
Thu July 11, 2013

Counter to national trend, foreclosures in Washington climb

Foreclosure 'heat map' of Seattle in June 2013
RealtyTrac

The number of foreclosures in Washington state has jumped so far this year compared with last year, counter to the national trend. 

Bank repossessions climbed 78 percent in the first half of this year, according to the foreclosure-data firm RealtyTrac. New foreclosure filings have risen as well even though, nationally, they’re dropping.

Read more
Business
4:51 pm
Thu April 11, 2013

Foreclosures surge in the Seattle area and Washington state

A Seattle-area foreclosed home sitting vacant
Timothy Ellis

Audio Pending...

Even as home prices have been rising in the Seattle metro area, more people are losing their homes to foreclosure.

The number of people in the Seattle-Tacoma-Bellevue metro area who lost their homes to foreclosure in March jumped 67 percent from a year ago. Statewide, the number was even higher – 88 percent. That's according to new numbers from RealtyTrac, the foreclosure-data company.

Read more
Housing crisis
10:31 am
Fri September 14, 2012

Auburn mayor photographs abandoned foreclosed homes for 'Wall of Shame'

This house owned by Deutsche Bank has made the Auburn "Wall of Shame."
City of Auburn

Are abandoned, dilapidated houses a problem in your neighborhood? They are in Auburn, and that city’s mayor isn’t putting up with it.

Mayor Pete Lewis has been taking photos of abandoned houses owned by far-flung banks and publishing them with the bank’s information on a “Wall of Shame” website. And that's only the tip of the iceberg when it comes to the city's efforts.

Read more
Business
5:00 am
Mon August 13, 2012

Puget Sound economy bouncing back faster than the U.S.

There have been a few glimmers of hope lately for the U.S. economy, such as a better-than-expected jobs report. But local economist Dick Conway  says there’s even more reason for optimism for the Puget Sound region. 

Read more
The Two-Way
8:59 am
Thu February 9, 2012

Settlement Reached With Banks On Relief For Some Homeowners

Originally published on Thu February 9, 2012 9:46 am

"After negotiating through the night," NPR's Yuki Noguchi reports, states attorneys general, federal officials and five major banks have agreed on a plan that will provide about $26 billion in mortgage relief and aid to homeowners who got crushed when the housing bubble burst.

Read more
Fair Housing
10:16 am
Fri October 21, 2011

Undercover sting finds illegal housing discrimination in Seattle

A snapshot of everyday business practices displays a pattern of discrimination against black and disabled renters in Seattle. That’s the conclusion of an undercover investigation by the city’s Office for Civil Rights. 

The city contracted with the non-profit Fair Housing Center of Washington to test 48 properties that were randomly selected. It found more than half of all properties tested showed evidence of illegal housing discrimination.

Read more
Home Foreclosures
6:05 pm
Fri August 5, 2011

Home listings fall in Seattle but worry remains

A decline in the number of homes for sale in the area has raised hopes the market is improving or at least stabilizing, but some analysts say it's actually proof of a bank foreclosure bottleneck.

Read more
Rea Estate
11:49 am
Tue May 31, 2011

Home-price index continues to drop, but Seattle prices rise

A sign promotes a newly-sold home in Seattle. Home prices continue to fall across most of America's largest cities. Only Seattle and Washington, D.C. bucked the trend.
Elaine Thompson AP

Home prices in major markets around the U.S. dropped to their lowest levels since 2006 in March. But not in Seattle.

After falling almost two percent in February, Seattle home prices were up a modest 0.1 percent in March, but still down 7.5 percent compared to March 2010.

Read more
Apartment Market
4:20 pm
Wed April 20, 2011

Race to build apartments could be good for renters and construction workers

Developers broke ground on the Alto Apartments in Seattle's Belltown neighborhood in November 2010. It's part of a rush to build more rental units in the city.
Charla Bear KPLU

Some industries are slowly creating jobs again, but construction isn’t really one of them. The state lost about 2,400 construction jobs just last month, according to state employment economists. But in Seattle, hope could be on the horizon.

The clanking and pounding sounds of construction are starting to return to the city. Some builders who work on high-rise projects have been able to dust off their nail guns, thanks to a growing demand for apartments.

Read more
Real Estate
8:52 am
Thu February 10, 2011

Seattle area foreclosures surpass national average

The rate of foreclosures in Washington State and the Seattle area have soared in January, according to RealtyTrac.
David Zalubowski AP

In the past month, the Seattle area's foreclosure rate has soared to new heights - it's now higher than the national average. One out of every 476 homes has a foreclosure filing, compared with one in every 497 nationally, according to a new report by RealtyTrac, a foreclosure information firm.

Read more
Street Cents
6:28 am
Tue December 7, 2010

Wrongful foreclosures

AP

Is it possible for proud home owners who pay their mortgages on time to have their houses foreclosed on? KPLU’s John Maynard talks with real estate appraiser Richard Hagar who says this sort of thing happens all the time, thanks to sloppy bank practices.

Read more