The rate of homeownership for King County's 25-to-34 year-olds is the lowest since the Gold Rush era. Among county households headed by someone in that age group, just one out of four own their home.
A report by WalletHub suggests that there are 86 major cities that are better to drive in than Seattle. WalletHub claims Seattle is the 87th worst major city to be a driver, and Seattle did better than just 13 other cities in terms of traffic. WalletHub used 21 metrics, including the average gas prices, traffic delays, car theft, and road conditions. Seattle did even worse in the road condition category, falling in at 94 - just behind the city with the worst roads - New York.
In another report by WalletHub, Washington has the third "least expensive energy" in the country behind Colorado and the District of Columbia. The website compared the total monthly energy bills in each of the 50 states and the District of Columbia, examining the consumption rates and prices of four energy types: electricity, natural gas, motor fuel and home heating oil. Keep in mind that lower prices don't always equate with lower costs, as consumption is a key determinant in the total amount of an energy bill.
According to a report by the Seattle Times, Washington's average annual wage grew 4.2 percent from $52,619 in 2013 to $54,829 in 2014. That was the largest percentage increase since 2007, representing a rise in average weekly wage from $1,012 to $1,054.
Consumer prices in the Seattle area rose in March and April, largely due to higher prices for gas and shelter. Seattle-area consumer prices rose a non-seasonally-adjusted 0.9 percent for the two months ending in April, and increased 0.4 percent since April 2014.
About 7.3 percent of the average home owner's total income goes toward energy costs. WalletHub recently compared the total monthly energy bills in 50 states and the District of Columbia, ranking states based on several metrics including consumption and prices of various energies. Washington state ranked #3 as the least expensive energy states, behind #2 Colorado and #1 District of Columbia. The most expensive energy state is Connecticut.
Media reports indicate that Seattle is outpacing not just other cities but even its own suburbs, and it is expected to see an influx of another 115,000 new jobs and 120,000 new residents over the next two decades. Two of the largest loans (or at least CMBS loans) nationally in 2015 were made to Seattle - $125 million and $123 million, according to data from CrediFi.
The Consumer Financial Protection Bureau has announced that its Know Before You Owe mortgage disclosure rule will take effect October 3. The TILA-RESPA rule is expected to have sweeping changes on the real estate industry by merging the HUD-1 Settlement Statement, the Good Faith Estimate, and the Truth-in-Lending disclosure form into two new closing forms: a Loan Estimate and a Closing Disclosure. The new rule also aims to provide consumers with more time to review the total costs of their mortgage prior to closing. Then Loan Estimate form is due to consumers three days after they apply for a loan, while the Closing Disclosure form is due three days prior to closing. The original start date for the new rule had been set for August 1, but after receiving feedback from lawmakers as well as real estate and mortgage industry officials, the agency decided to postpone the start date until after the traditionally busy summer real estate season.
The total amount of time consumers spend on smartphones has surpassed PCs, with more than 50 percent of all digital time now spent on mobile devices, according to data from MarketingLand.com. Time spent with digital media has increased to 5 hours and 38 minutes a day, with 2 hours and 51 minutes of that time spent on mobile.
We respect the intellectual property rights of others. Anyone who believes their work has been reproduced in a way
that constitutes copyright infringement may notify our agent by providing the following information:
Identification of the copyrighted work that you claim has been infringed, or, if multiple copyrighted works
at a single online site are covered by a single notification, a representative list of such works at the site;
Identification of the material that you claim is infringing and needs to be removed, including a description
of where it is located so that the copyright agent can locate it;
Your address, telephone number, and, if available, e-mail address, so that the copyright agent may contact you
about your complaint; and
A signed statement that the above information is accurate; that you have a good faith belief that the identified
use of the material is not authorized by the copyright owner, its agent, or the law; and, under penalty of perjury,
that you are the copyright owner or are authorized to act on the copyright owner's behalf in this situation.
Upon obtaining such knowledge we will act expeditiously to remove, or disable access to, the material. Please
be aware that there are substantial penalties for false claims.
If a notice of copyright infringement has been wrongly filed against you, you may submit a counter notification
to our agent. A valid counter notification is a written communication that incorporates the following elements:
A physical or electronic signature of the poster;
Identification of the material that has been removed or to which access has been disabled and the location at
which the material appeared before it was removed or access to it was disabled;
A statement under penalty of perjury that you have a good faith belief that the material was removed or disabled
as a result of mistake or misidentification;
Your name, address, and telephone number; a statement that you consent to the jurisdiction of federal district
court for the judicial district in which your address is located, or if your address is outside of the U.S.,
for any judicial district in which the service provider may be found; and that you will accept service of process
from the complainant.
Notices of the foregoing copyright issues should be sent as follows:
Northwest Multiple Listing Service
11430 NE 120th Street
Kirkland, WA 98034
Attention: DMCA Designated Agent
If you give notice of copyright infringement by e-mail, an agent may begin investigating the alleged copyright
infringement; however, we must receive your signed statement by mail or as an attachment to your e-mail before
we are required to take any action.
This information should not be construed as legal advice. We recommend you seek independent legal counsel before
filing a notification or counter-notification. For further information about the DMCA, please visit the website of
the United States Copyright Office at: