Federal Reserve

Youth & Education
5:00 am
Mon July 28, 2014

Downtown Seattle Groups See Golden Opportunity For Their Own Neighborhood Public School

The former Federal Reserve Bank branch building, located at Second Avenue and Spring Street in downtown Seattle, has sat vacant since 2009. Seattle Public Schools officials have submitted an application to take over the property.
Kyle Stokes KPLU

Seattle Public Schools officials may soon get their best opportunity in years to open a public elementary school downtown, and various downtown interests are now pressing district leaders to take advantage of it.

District officials submitted an application earlier this month to move into the vacant building at Second Avenue and Spring Street, which once housed a Federal Reserve Bank branch.

Federal agencies no longer want the property and are considering whether to deed the building to Seattle Public Schools practically free of charge. If the feds grant school officials' application, downtown groups want to make sure the district follows through.

Read more
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