Washington housing market weaker in 1st quarter

SEATTLE — The housing market in Washington slipped in the first quarter of the year, in part because of a low inventory of homes for sale.

That’s according to the Runstad Center for Real Estate Studies at the University of Washington.

The center’s new report found that sales of existing homes in the first quarter were down 7.1 percent from the first quarter of 2013.

But the statewide median home sales price increased 8.2 percent from a year ago, and stood at $248,900 in the first quarter.

Local median home prices in the state are highly variable, ranging from $70,000 in Lincoln County to $419,000 in King County.

More in Herald Business Journal

With surging Amazon stock, Bezos now worth more than $100B

It’s the first time anyone has crossed the $100 billion threshold since 1999.

Small retailers aim for emotional ties big chains may lack

“Put yourself into the community more and the money will come back to you.”

Japan’s Mitsubishi Materials reports faked quality data

The company makes components used to make autos, aircraft and electricity generation equipment.

Restaurant owners finding strong appetites in Detroit

The former manufacturing and car-making city is remaking itself into a technology hub.

A look at what some stores have planned for Black Friday

With unemployment low, stores are hoping customers are in a mood to shop.

Boeing bolsters team for potential 797 with leading engineer

Terry Beezhold has been chief project engineer for the 777X program.

Uber paid off their hackers — they’re far from the only ones

“More and more companies have their own Bitcoin wallets for such cases.”

Airline defendants to pay $95 million in 9/11 settlement

The litigation claimed that security lapses led the planes to be hijacked in the Sept. 11 attacks.

Trump SoHo to shed ‘Trump’ amid reports of sagging business

The president’s company said it would have no comment beyond its news release announcing the move.

Most Read