housing market http://www.kplu.org en Seattle Home Prices Post Highest Monthly Jump Since April 1990 http://www.kplu.org/post/seattle-home-prices-post-highest-monthly-jump-april-1990 <p><span style="line-height: 1.5;">Home prices in the Seattle metro area in May showed their biggest monthly gain in more than 20 years, as a</span><span style="line-height: 1.5;">&nbsp;tight supply of homes and low interest rates drive values higher.</span></p><p>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.&nbsp;</p><p> Tue, 30 Jul 2013 23:47:50 +0000 Ashley Gross 9474 at http://www.kplu.org Seattle Home Prices Post Highest Monthly Jump Since April 1990 Counter to national trend, foreclosures in Washington climb http://www.kplu.org/post/counter-national-trend-foreclosures-washington-climb <p><span style="line-height: 1.5;">The number of foreclosures in Washington state has jumped so far this year compared with last year, counter to the national trend.&nbsp;</span></p><p>Bank repossessions climbed 78 percent in the first half of this year, according to the <a href="http://www.realtytrac.com/content/foreclosure-market-report/midyear-2013-us-foreclosure-market-report-7794" target="_blank">foreclosure-data firm RealtyTrac</a>. New foreclosure filings have risen as well even though, nationally, they’re dropping.</p><p> Thu, 11 Jul 2013 15:03:52 +0000 Ashley Gross 9307 at http://www.kplu.org Counter to national trend, foreclosures in Washington climb Foreclosures surge in the Seattle area and Washington state http://www.kplu.org/post/foreclosures-surge-seattle-area-and-washington-state <p>Even as home prices have been rising in the Seattle metro area, more people are losing their homes to foreclosure.</p><p>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 <a href="http://www.realtytrac.com/Content/foreclosure-market-report/march-and-first-quarter-2013-foreclosure-market-report-7683">new numbers from RealtyTrac</a>, the foreclosure-data company.</p><p> Thu, 11 Apr 2013 23:51:06 +0000 Ashley Gross 8389 at http://www.kplu.org Foreclosures surge in the Seattle area and Washington state Auburn mayor photographs abandoned foreclosed homes for 'Wall of Shame' http://www.kplu.org/post/auburn-mayor-photographs-abandoned-foreclosed-homes-wall-shame <p>Are abandoned, dilapidated houses a problem in your neighborhood? They are in Auburn, and that city’s mayor isn’t putting up with it.</p><p>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 “<a href="http://www.auburnwa.gov/asp/abandons/">Wall of Shame</a>” website. And that's only the tip of the iceberg when it comes to the city's efforts.</p><p> Fri, 14 Sep 2012 17:31:32 +0000 Jake Ellison 6338 at http://www.kplu.org Auburn mayor photographs abandoned foreclosed homes for 'Wall of Shame' Puget Sound economy bouncing back faster than the U.S. http://www.kplu.org/post/puget-sound-economy-bouncing-back-faster-us <p>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&nbsp; says there&rsquo;s even more reason for optimism for the Puget Sound region.&nbsp;</p> Mon, 13 Aug 2012 12:00:00 +0000 Ashley Gross 5933 at http://www.kplu.org Settlement Reached With Banks On Relief For Some Homeowners http://www.kplu.org/post/settlement-reached-banks-relief-some-homeowners "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.<p>The Justice Department, NPR's Carrie Johnson tells us, just announced that "Attorney General Eric Holder, Department of Housing and Urban Development (HUD) Secretary Shaun Donovan, Iowa Attorney General Tom Miller and other federal and state officials" will unveil details of the much-anticipated plan at 10 a.m ET.<p> Thu, 09 Feb 2012 16:59:53 +0000 Mark Memmott 4100 at http://www.kplu.org Undercover sting finds illegal housing discrimination in Seattle http://www.kplu.org/post/undercover-sting-finds-illegal-housing-discrimination-seattle <p>A snapshot of everyday business practices displays a pattern of discrimination against black and disabled renters in Seattle. That&rsquo;s the conclusion of <a href="http://www.seattle.gov/news/detail.asp?ID=12207&amp;dept=15">an undercover investigation</a> by the city&rsquo;s Office for Civil Rights.&nbsp;</p><p>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.</p><p> Fri, 21 Oct 2011 17:16:00 +0000 Bellamy Pailthorp 2960 at http://www.kplu.org Undercover sting finds illegal housing discrimination in Seattle Home listings fall in Seattle but worry remains http://www.kplu.org/post/home-listings-fall-seattle-worry-remains <p><a href="http://stream.publicbroadcasting.net/production/mp3/kplu/local-kplu-980856.mp3">http://stream.publicbroadcasting.net/production/mp3/kplu/local-kplu-980856.mp3</a></p><p>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&#39;s actually proof of a bank foreclosure bottleneck.</p><p> Sat, 06 Aug 2011 01:05:24 +0000 Vanessa Romo 2272 at http://www.kplu.org Home-price index continues to drop, but Seattle prices rise http://www.kplu.org/post/home-price-index-continues-drop-seattle-prices-rise <p>Home prices in major markets around the U.S. dropped to their lowest levels since 2006 in March. But not in Seattle.</p><p>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. Tue, 31 May 2011 18:49:27 +0000 The Associated Press & KPLU News Staff 1751 at http://www.kplu.org Home-price index continues to drop, but Seattle prices rise Race to build apartments could be good for renters and construction workers http://www.kplu.org/post/race-build-apartments-could-be-good-renters-and-construction-workers <p><a href="http://stream.publicbroadcasting.net/production/mp3/kplu/local-kplu-964399.mp3">http://stream.publicbroadcasting.net/production/mp3/kplu/local-kplu-964399.mp3</a></p><p>Some industries are slowly creating jobs again, but construction isn&rsquo;t really one of them. The state <a href="http://www.workforceexplorer.com/article.asp?ARTICLEID=11073&amp;PAGEID=148&amp;SUBID=">lost about 2,400 construction jobs</a> just last month, according to state employment economists. But in Seattle, hope could be on the horizon.</p><p>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 <a href="http://kplu.org/post/seattle-rental-vacancies-about-low-they-can-go">growing demand for apartments</a>.</p><p> Wed, 20 Apr 2011 23:20:54 +0000 Charla Bear 1244 at http://www.kplu.org Race to build apartments could be good for renters and construction workers Seattle area foreclosures surpass national average http://www.kplu.org/post/seattle-area-foreclosures-surpass-national-average <p>In the past month, the Seattle area&#39;s foreclosure rate has soared to new heights - it&#39;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.</p> Thu, 10 Feb 2011 16:52:53 +0000 KPLU News Staff 764 at http://www.kplu.org Seattle area foreclosures surpass national average Wrongful foreclosures http://www.kplu.org/post/wrongful-foreclosures <div><p style="margin-top: 0px; margin-right: 0px; margin-bottom: 1.2em; margin-left: 0px; ">Is it possible for proud home owners who pay their mortgages on time to have their houses foreclosed on? KPLU&rsquo;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.</p> Tue, 07 Dec 2010 14:28:59 +0000 John Maynard & Richard Hagar 293 at http://www.kplu.org Wrongful foreclosures