The National Association of Home Builders recently released their monthly confidence index and at 62, February 2019 marks the highest index in the past four months. The index may be broken down into a subset of categories, all of which show impressive gains, including sales conditions at 67, six-month expectations at 68 and buyer traffic at 48.
Read MoreThe Emerald City has seen a record number of construction projects in recent years and activity does not seem to be slowing down, as Seattle Times reports that there are currently 66 major projects underway in the city — that’s up by 1 compared to six months ago.
Read MoreRealogics Sotheby’s International Realty recently announced that for the first time in a decade, their brokers are representing ten new multi-family for-sale condominium and townhome projects in downtown Seattle and its surrounding neighborhoods. Though project specialists admit the cycle is a mere fraction of the last one, the spur of activity has caused the firm to relaunch the UrbanCondominiums.com website and a New Developments Preview Center in Belltown at 2715 First Avenue in Seattle. These resources will help potential buyers learn more about what’s currently for sale, what’s coming next, and equip them to combat today’s competitive in-city condo market.
Read MoreAs a recent GeekWire feature proclaims, “here’s the 4-minute video you’ve been waiting for to illustrate why a 4-mile drive in Seattle takes 45 minutes.” The film in question? A time lapse recently created by Ricardo Martin Buralla, a VR/AR engineer with Google, who assembled 3 years’ worth of images taken by a webcam that was affixed to the top of the Space Needle. In all, the video is comprised of 2,166 panoramas (about 2 photos per day) that Buralla stabilized using code to create a cohesive piece.
Read MoreA recent feature on King 5 News declares that Seattle is officially in a “condo conundrum” as the city continues to face historically low inventory amidst ever-increasing demand due to Seattle’s strong economy and job growth. Despite the fact that the city is incubating many would-be buyers within rental units, developers are overwhelmingly choosing to supply apartments for rent, in large part due to Washington state’s stringent condo policy.
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