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FYI Guy

Seattle Times news librarian Gene Balk crunches the numbers

Topic: real estate

You are viewing the most recent posts on this topic.

June 17, 2014 at 12:46 PM

A lot of Seattle renters live alone — but maybe not for much longer

In our famously introverted city — home of the notorious “Seattle freeze” — the following statistic may not come as much of a shock: The majority of Seattle apartments — 51 percent according to the most recent census data — are occupied by a person living alone. This is unusual. Among the 100 largest U.S. cities, only Atlanta has…

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Comments | More in Demographics | Topics: real estate, Renters, singles

November 26, 2013 at 11:37 AM

Bellevue ranked among nation’s top hipster hot spots

Bellevue College in the newly hip 98007 zip code (Photo: KEN LAMBERT/THE SEATTLE TIMES)

Bellevue College in the newly hip 98007 ZIP code (Photo: KEN LAMBERT/THE SEATTLE TIMES)

Capitol Hill is so five-years-ago. Ballard?  Over.  No, the skinny-jeans crowd has moved on to…Bellevue.

That’s if we’re to believe the real-estate data firm RealtyTrac, which placed Bellevue’s 98007 — home to Bellevue College — among the top-10 up-and-coming hipster ZIP codes in the U.S.

Yes, seriously.

The data crunchers at RealtyTrac went looking for nascent hipster neighborhoods in order to identify the best areas for real-estate investment. Apparently, hipsters are great for property values: “Thanks to an influx of trendy restaurants, bars, coffee shops and other amenities,” RealtyTrac’s news release says, “a neighborhood branded as hipster is likely to see  property values and rental rates rise while vacancies and foreclosures decline.”

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Comments | More in Demographics, Market Research | Topics: Bellevue, real estate, trends

October 11, 2013 at 3:05 PM

Can the middle class still afford to buy a home in Seattle?

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fyi-guy-middleclass-c

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Multiple offers, bidding wars, waived inspections–this is the reality for many house hunters in Seattle’s hot real-estate market.

With the King County median home price now at $420,000–a 12 percent jump in the past year–the American dream of home ownership may seem increasingly out of reach for middle-class folks in the Seattle area.

But it could be worse.

A new study by real-estate information company Trulia reveals that, contrary to what you might think, Seattle falls outside the 20 most unaffordable markets for middle-class homebuyers.

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Comments | More in Reports | Topics: real estate

August 15, 2013 at 2:11 PM

Meet Seattle’s newest hipsters: Mom and dad

Hipsters with hip replacements: Retirees increasingly attracted to downtown living (Photo: Wikimedia)

Hipsters with hip replacements? Baby boomers are moving into Seattle’s trendiest neighborhoods. (Photo: Wikimedia)

Move over, Amazonians.  There’s a new group in town staking claim to Seattle’s trendiest neighborhoods — and they’re the same age as your parents.

Welcome the baby boomers.

According to the Wall Street Journal, in Seattle and a few other cities, realtors and developers have noticed a new trend: There’s been an uptick in boomer-age folks buying high-end condos in hip, urban neighborhoods — areas typically populated by a much younger demographic.

But the boomers want in.

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Comments | More in Demographics, Market Research | Topics: baby boomers, condominiums, real estate