Real Estate

Read the latest news about residential and commercial real estate in the Seattle area and Pacific Northwest. Topics include home sales and prices; rent and mortgage rates; apartment, condo and single-family housing markets; development, skyscrapers, construction and office space; and affordable housing issues. Some of the players in the marketplace include Vulcan, Zillow, Redfin and Case-Shiller.

King County property values soared and tax hikes are likely. Here’s what you need to know.

Single family homes are seen from the air, Thursday, Sept. 23, 2021 in a census tract which includes the Crossroads area of Bellevue. The FYIGuy reports: In 2010, just 15% of the residents of Bellevue’s Crossroads neighborhood (among those employed full-time) worked in computer/mathematical occupations. Census data shows that as of 2019, that number had jumped to 38%, representing the biggest increase in tech workers of any King County neighborhood. View looks southeast.
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The 30-50% increases in home values are significant, even for the overheated Seattle-area market. The increases are likely to raise property taxes. Here's what you need to know.

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