Federal Reserve

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.

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.