Pledging a "commitment to do our part to help kick-start new solutions to this [housing] crisis," Microsoft president Brad Smith and CFO Amy Hood announced a three-pronged $500 million workforce housing fund to boost affordable housing in the Seattle area.
Writing in a blog post, Smith and Hood emphasized affordable housing solutions require a multifaceted and sustained effort by the entire region but said the Eastside suburbs would be the primary focus of the initiative.
In their announcement, the Microsoft executives acknowledged the gap between job growth and housing production. While jobs in the region have grown 21 percent since 2011, housing construction has lagged at 13 percent. (One countywide report estimates the county needs
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Open the front door & you will certainly fall in love with this Buchan show-stopper! Inviting foyer w/ a romantic staircase, soaring ceilings & gleaming hardwoods. Elegant living & dining room combo w/ wainscoting, decorative woodwork & a gas fireplace. The chef of the house will certainly love the kitchen with trendy bistro lights, a tile backsplash & a high-end cooktop & double oven. The family room is a perfect room for relaxing w/ friends or for hosting large gatherings. Elegant front staircase leads to the bedrooms & a 2nd staircase leads to an over the top media room complete with theatre chairs, a projector & a 92-inch top of the line screen- what a great spot to watch your
According to a 2017 analysis by the U.S. Bureau of Labor Statistics, STEM jobs grew at double the rate of non-STEM jobs between 2009 and 2015. STEM jobs are growing everywhere, but where are the hotspots, and where should you work in the field? WalletHub released a ranking of the best cities for STEM jobs, determined by a set of 20 key metrics assigned points that were evenly distributed into three categories: professional opportunities, STEM-friendliness and quality of life. Seattle topped the list for professional opportunities, which included metrics like job openings and employment growth. Also included in the ranking was STEM-friendliness, like qualities of engineering schools and math scores. And quality of life, which included
After inventory and affordability challenges in 2018, prospective home buyers may have better chances of scoring a property this year. Affordability will remain an issue in some high-priced markets, says realtor.com® Chief Economist Danielle Hale, but overall, the national market is looking brighter for buyers who have stayed on the sidelines. Here’s why.
More homes are for sale. For the last few years, a limited number of listings has given buyers fewer choices. But housing experts predict more robust inventory this year. “For buyers, there is going to be more inventory, so that’s a bright spot,” Hale says. “The downside of that bright spot is it might not be in their price range.” The supply of homes for sale under $300,000 may not grow
Early January, Microsoft publicly pledged $500 million to address homelessness and the growing gap of affordability among the Puget Sound region. This after the announcement of plans for a massive expansion of its Redmond headquarters sparked talks with Challenge Seattle.
The company plans to add 2.5 million square feet of new construction, and 6.7 million square feet in renovations. Microsoft is estimating an additional 8000 employees after the project is complete.
The pledge is the largest in the history of Microsofts 44 year run. It is also the largest pledge to public housing by any private organization thus far! Microsoft President, Brad Smith, explained how the pledge will benefit workers who “teach our kids in schools, and put out the fires
KIRKLAND, Washington (February 7, 2019) - Homebuyers around Washington state are making their way back to the market, hoping to take advantage of improving inventory, attractive interest rates, and more approachable sellers, according to officials with Northwest Multiple Listing Service.
Northwest MLS statistics for January show year-over-year improvement in the volume of new listings and total inventory, along with moderating selling prices. Although fewer pending sales (mutually accepted offers) were reported than a year ago (down about 3.3 percent), January was the smallest year-over-year decline since May 2018 when the drop was about 2.7 percent.
Commenting on the MLS statistics summarizing last month's activity, broker Gary O'Leyar said
KIRKLAND, Washington (February 7, 2019) – Homebuyers around Washington state are making their way back to the market, hoping to take advantage of improving inventory, attractive interest rates, and more approachable sellers, according to officials with Northwest Multiple Listing Service.
Northwest MLS statistics for January show year-over-year improvement in the volume of new listings and total inventory, along with moderating selling prices. Although fewer pending sales (mutually accepted offers) were reported than a year ago (down about 3.3 percent), January was the smallest yearover- year decline since May 2018 when the drop was about 2.7 percent.
Commenting on the MLS statistics summarizing last month’s activity, broker Gary O’Leyar said January’s
Although consumer confidence seemed low in January with only 15 closed sales in Snoqualmie, and 20 in North Bend in what I feel is mainly due to the government shutdown; the market looking strong for sellers and buyers!
The Federal Open Market Committee (FOMC) voted to leave policy rates unchanged earlier this week during what was one of only eight regularly scheduled meeting the FOMC holds per year. Signaling that we may not see any further rate hikes this year.
Rates are still low by historical standards! Purchasing a home 10 or more years ago, chances are we were paying a much higher rate. Keep in mind we are still continuing trade talks with China and March 1st is the deadline for an agreement. However, with rates
Wondering How Inventory Levels will Impact Seattle Eastside Housing Prices?
I know many people are curious what is happening with Seattle Eastside housing inventory levels and what happens if they continue to increase. Here is a short video on what has been happening in the just the last two weeks. I suspect we will see this continue to rise as we move towards spring.
For more information please comment below or call/text 425.829.1029
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Brimming with an abundance of natural light, this beyond beautiful Buchan showcases fine quality & attention to detail throughout. Voluminous cathedral ceilings & gleaming hardwoods are just a few highlights of this home. Enjoy preparing meals in the fabulous kitchen with a large island. Curl up on the couch in the family room and read a book next to the gas fireplace. Retreat at the end of the day in the sumptuous master suite with a spa- inspired bathroom complete with a soaking tub & a large walk-in shower. 3 additional bedrooms, a full bath & a laundry room complete the upper level. Enjoy beautiful Spring evenings in the private & serene yard with mature landscaping & privacy