No housing woes in booming Washington state
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While California suffers in the housing crisis, the economy of nearby Washington state is flourishing with strong job growth and some of the highest appreciation in home prices in the nation.
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Commercial vacancy rates climbed in the Washington area for the fifth straight quarter, but rents rose slightly and industry experts remained upbeat.
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It's no secret that the condominium market statewide is strong and the rental housing market soft.
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Two weeks after the election, Washington state still doesn't have a new governor. And voters are weathering the suspense the way Seattle residents shrug off the rain.
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WASHINGTON -- Sales of existing homes posted a tiny increase in October, the first gain in eight months, but the median price of homes sold last month fell by a record amount.
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To understand why the housing slump hasn't dragged the economy into a recession, it helps to visit the Smoketown Plaza in Woodbridge, where the thumping of hammers signals the healthy pulse of a building boom that's still going strong.
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WASHINGTON -- Homeowners in every state but one spent more of their incomes on housing costs last year than at the start of the decade, according to data released by the Census Bureau. Those in Alaska spent the same.
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By Mary Lane Gallagher, The Bellingham Herald, Wash.  Feb.
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WASHINGTON &#151; Sales of new homes rose by 9.4 percent in August, the Commerce Department said yesterday, as mortgage interest rates remained at low enough levels to continue enticing buyers worried about future rate increases.
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House price growth remains strong despite concerns about interest rate rises, Land Registry figures show.
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During the real estate boom, home prices in the Sun Valley area spiked almost as high as the peak of nearby Bald Mountain. The median home price is now about as high as San Francisco's.
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Never in Washington state has a governor's race been so close.
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PUYALLUP, Wash. - The school board in this Pierce County city stood firm despite pleas from an angry crowd: No Halloween in the schools. "Improving student achievement is our highest priority," board president Greg Heath told about 400 people at the board's meeting Monday.
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Sales of new U.S. homes defied  predictions of a slowdown in April and rose 4.9 percent while  prices climbed, although the supply of homes for sale hit a  record, a government report showed on Wednesday.
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WASHINGTON -- Sales of previously owned homes inched up in November but that didn't change the overall bleak picture for an ailing housing industry that has been suffering through a painful slump.
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An expected spike in mortgage rates was supposed to cool off the red-hot housing market, but that spike failed to happen, and real estate sales remained strong in July both locally and nationally, according to reports released yesterday.
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The slump in home prices in the Washington region is deepening and spreading, according to data compiled for The Washington Post that shows that for the first time, every local county saw a decrease in prices for a significant period of last year.