Industry Articles

8 Signs Your Roof Needs Replacing

Your roof is trying to tell you something—are you paying attention? Ignoring the warning signs that your roofing is in trouble will end up costing you in many ways, so it is important to learn how to spot the trouble signs around your house before the damage is done. Here are some tips on what to look for and when it may be time to get a contractor in quickly to do the work. Water can seep into your home from many different areas, but the first…..

Guest Contributer (2015, January 15,

Study reveals buying more affordable in Seattle than renting

Paying for a mortgage is still more affordable than renting in Seattle and most of the United States, but saving enough money for a down payment has become increasingly difficult for first-time buyers, according to a new study released by Zillow.

Residents of the Seattle metro can expect to spend about 22.2 percent of their income on a mortgage, compared to 31.7 percent on rent. Zillow tabbed the Seattle median house price at $359,400 with a down payment of $71,880 needed to buy that home….

Tom Kelly (2015, November 11,

How expensive? King County homes nearly double national average

As rising home prices continue to outpace income gains, homeowners across the nation are finding it more difficult to buy, according to the National Association of Realtors’ latest reading of its Housing Affordability Index.

The median price for a single-family home in the U.S. is up 5.8 percent from a year ago, at $235,500 as of July. The King County median in August was nearly double that at $450,700….

Tom Kelly (2015, September 17,

Seattle home-price gains pick up speed

Home prices accelerated in February in the Seattle area and nationwide, amid robust demand, tight inventory and the specter of higher interest rates, according to the S&P/Case-Shiller 20-city index released Tuesday.

The average price of existing single-family homes in King, Snohomish and Pierce counties jumped 1.4 percent in February from the previous month, after taking seasonal fluctuations into account..

Sanjay Bhatt (2015, April 30, The Seattle Times)

Seattle-area home sales rocket back to 2006-era levels

A new report shows just how hot the Puget Sound region housing market is.

Even though more people are putting their houses and condos on the market, it’s still not enough to keep up with demand, and the inventory of available properties is less than it was a year ago, according to the report on February sales that the Northwest Multiple Listing Service issued Thursday.

Marc Stiles (2015, March 6, PSBJ)

Construction Costs Are Rising as Economy Improves

With the commercial real estate market in recovery in many parts of the U.S., construction costs are rising.

The latest sign: a rise in an index on construction costs compiled by Minneapolis-based M.A. Mortenson Co., a construction company with about $2.5 billion in 2014 revenue. The index, which started at 100 in the first quarter of 2009, hit 111 in the fourth quarter of 2014.

“In most markets, we’re advising customers to budget 5% to 6% increases in construction costs on an annual basis,” said Greg Clark, vice president of estimating for Mortenson.

Peter Grant (2015, Feb 10, WSJ)