Your Home Value Will Rebound

Market_Snapshot

Determine if your Home Value will Rebound By: Sonia Smith Nowadays, values of homes have dropped and it is no big deal to sell a home but is great to but them. Most people are hoping that values of homes will rebound. Nevertheless, no one can tell since trends differ from place to place. Some… Read More

Commercial real-estate market suffered in 2009; more of the same forecast for 2010 (Seattle Times)

Commercial real-estate insiders say 2010 could be as bad, if not worse, than 2009 for their industry.

Tax credit fuels home-sales bounce, but will it be just a blip? (Seattle Times)

The first-time homebuyers’ tax credit helped resuscitate the Seattle real-estate market in 2009. The market remains fragile, most insiders say, and the outlook for late 2010, after the credits are scheduled to expire, is especially murky.

Q4 report shows Kent industrial weakness (South Sound Business Examiner)

The Kent Valley industrial real estate market yet again saw significant market contraction in the current quarter, according to the regular update from Colliers International.It shows 711,191 square feet of negative absorption (or new vacancy) and a 96 basis point increase in vacancy to 6.66 percent in the fourth quarter. Rental rates in the Kent Valley have dropped as much as 10 to 15 percent …

Port of Seattle to pay BNSF $81M for Eastside rail line (Seattle Times)

Port of Seattle officials have signed final documents to pay BNSF Railway $81.4 million for the partially abandoned Renton-to-Snohomish rail line. A year and a half ago, the Port was willing to pay $103 million plus closing costs, but a weakened real-estate market resulted in a lower price.