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Economist sees mixed Seattle housing market with inventory decreasing

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Economist sees mixed Seattle housing market with inventory decreasing


Seattle economist Matthew Gardner, the Chief Economist for Windermere Actual Property, sees a housing market that’s in transition as house costs begin to drop whereas the variety of house gross sales rises.

Speaking to Dave Ross on Seattle’s Morning Information, Gardner mentioned, “Proper now, our house costs are actually down yr over yr. They’re up in King County and down modestly in Pierce and Snohomish.”

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Gardner informed Dave that house costs year-over-year doesn’t inform the entire story.

“To match, actually this month to this month, relatively than it on an annual common, is a greater means to have a look at it. In case you simply evaluate this coming April and Might, the numbers are going to be horrible. There’s little doubt about it,” Gardner defined.

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“So what am I ? I feel we’ve actually seen much more properties on the market than we’ve seen within the final a number of years. Up virtually 200% right here in Puget Sound. Nonetheless, in the event you return to the final pre-COVID yr when [there were] properties out there on the market are literally nonetheless down by greater than 30%.”

Boeing’s future within the area could also be brighter than many imagine

Dave mentioned he watched the 747 ceremonies final week at Boeing and was stunned at how upbeat executives had been at the way forward for aerospace within the area. He needed to know if Gardner noticed it that means.

“I truly do. And there are a few the explanation why,” Gardner cited. “One in every of which is we have to exchange the worldwide fleet of planes over the course of the subsequent 20 to 25 years. Level 2 is that Boeing’s competitors has all the time been Airbus, which has been, in essence, funded to a higher diploma by the European Union. Their checkbooks aren’t fairly as large open as they was. And that may actually put Boeing into a greater place, arguably, by way of them [being] in a position to compete with Europe.”

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The true query, Gardner mentioned, is the place all of the planes are going to be constructed. He defined that there are various compelling causes they need to be constructed right here.

Newest job numbers don’t inform the entire story

Gardner mentioned that economists’ prediction of the most recent job market numbers was one of many greatest misses we’ve had in a very long time.

Employers added 517,000 jobs in January as hiring unexpectedly surged regardless of excessive inflation, USA In the present day reported.

The unemployment charge fell from 3.5% to three.4%, the bottom since 1969, the Labor Division mentioned Friday.

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“There’s a few causes for it, one in all which is January, and the numbers are seasonally adjusted in January, is infamous for being dangerous,” Gardner mentioned. “However in the event you take a look at the unseasonally adjusted numbers, the nation misplaced 2.3 million jobs. In order that’s why seasonality is so necessary, however it’s notoriously dangerous.”

Gardner informed KIRO Newsradio that regardless of that, the numbers had been way more sturdy than anybody had anticipated.

“The financial system clearly isn’t slowing down on the pace the Federal Reserve wish to see it.”

Financial restoration impacts workplace occupancy charges in Seattle

Gardner mentioned the financial system is having a direct impression on Seattle workplace occupancy charges being at 50%.

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“We haven’t but seen the variety of individuals coming again to the workplace that I feel numerous enterprise house owners wish to see. And I feel numerous them truly ready for the financial system to decelerate a bit extra, which signifies that can provide them, ideally, the leverage or leverage to get individuals to come back again,” he mentioned. “It clearly hasn’t occurred but.”

Take heed to Seattle’s Morning Information with Dave Ross and Colleen O’Brien weekday mornings from 5 – 9 a.m. on KIRO Newsradio, 97.3 FM. Subscribe to the podcast right here.





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Seattle, WA

Seattle Sounders at LAFC: community player ratings form

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Seattle Sounders at LAFC: community player ratings form


I know we were all ready to pop in a bunch of 10s at around 10:00 p.m. Saturday night, and here it is Tuesday morning, but such is life.

The Seattle Sounders visited LAFC and came away winners for the first time in forever, thereby advancing to the Western Conference Finals where they will face the other LA squad. They did so via an LAFC own goal, and a Jordan Morris winner in the 109th minute.

Rate some dudes. Put a 10 if it’s a 10.

Here is a direct link to the form; we hope this allows everyone to submit a response.

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Here’s the scale:
(Substitutes can be left blank if the player did not play enough to judge)
1 – Not a pro quality performance
4 – Average USL Championship starter
6 – Average MLS starter
9 – MLS All Star
10 – MLS MVP-quality performance





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Seattle, WA

Seattle Public Schools official scraps plan to close schools

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Seattle Public Schools official scraps plan to close schools


In a letter to parents, teachers and staff sent Monday, Seattle Public Schools (SPS) Superintendent Brent Jones announced the school district will not close or consolidate schools for the 2025-26 academic year.

Jones wrote in his letter that he plans to withdraw his preliminary proposal to the Seattle School Board to close four schools.

In his letter, which has been republished in full on the Seattle’s Child website, Jones noted the Seattle School Board had directed him to come up with a plan for closures and consolidations to “address enrollment declines, budgetary challenges, stabilizing programs and services.” Jones and the district will not move in that direction.

“After much deliberation, reflection, and engagement with our community, it is clear there is no longer a pathway for this approach for the 2025-26 school year,” Jones wrote. “I am withdrawing my preliminary recommendation, and we will not pursue school closures and consolidations for the upcoming school year. The Board will vote Tuesday to formally approve this direction.”

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Jones explained this latest decision “was not made lightly and reflects the Board and my shared priority: the needs and well-being of our students, families, and community.” The decision allows those involved look at the situation more and “thoughtfully determine” the next steps.

“The projected $5.5 million savings from the proposed closures are significant,” Jones wrote. “However, we agree that achieving these savings should not come at the cost of dividing our community.”

The superintendent went on to state in the letter the district will address the budget shortfall that exists through “legislative and levy renewal advocacy, as well as pursuing operational efficiencies aligned with our shared values and priorities.”

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Why the Seattle School Board considered closing schools

Earlier this year, SPS stated it is contending with a $104 million budget shortfall. Therefore, the district came up with two different options earlier this fall to close the gap in funds.

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The first option is to operate 52 attendance-area elementary schools, closing 21 elementary and K-8 schools. This option would have saved SPS 31.5 million.

In the second option, the district would operate 56 schools, including attendance-area elementary and one K-8 school per region, closing 17 schools. This second option would have saved SPS $25.5 million.

“Many of our schools are struggling to provide the resources our students deserve,” the district wrote in a statement at that time. “To address this, we are working to ensure our schools are the right size and have the resources needed for preschool through 5th-grade students to succeed.”

As the fall went on, SPS plan went from as many as 21 schools closing all the way down to four closing and consolidating with four others. Four schools — one each in the Northwest Northeast, Central and Southwest regions — were announced as the places of learning set to shut down. They were announced as the following:

  • North Beach Elementary, consolidating with Viewlands Elementary at Viewlands.
  • Sacajawea Elementary, consolidating with John Rogers Elementary at John Rogers.
  • Stevens Elementary, consolidating with Montlake Elementary at Montlake.
  • Sansilo Elementary, consolidating with Highland Park Elementary at Highland Park.

“We understand this change is difficult,” SPS stated on its website at the time. “We chose these schools based on factors like building condition, space, and the goal of minimizing disruption to students and families.”

Protests from parents within the district soon followed, including one late last month outside Sacajawea Elementary.

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All four of Joshua Newman’s children attended or are currently enrolled at Sacajawea. He said both state and district school leaders need to balance their budgets better.

“The district needs to look at its own operations and its own administrative costs and not lay the burden on where, frankly, the value is actually added and that’s the teachers, and by the individual principals and staff who are involved in the kids’ lives,” Newman said to KIRO Newsradio.

Rachel Kubiak and her child showed up at the rally as well. They illustrated how closing the school would close a part of their community and their lives.

“We’re really sad. When we heard the news, I was texting with my husband and just — I’m crushed,” she said to KIRO 7.

From left, Seattle Public Schools Superintendent Brent Jones, Ph.D., and Seattle School Board President Liza Rankin are seen in recent images. (Photos courtesy of Seattle Public Schools)

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Last week, Jones shared a key update about the potential school closures, explaining the district was canceling prescheduled community meetings at the schools set to close.

“We are doing so as the board has decided to delay the December closure and consolidation hearings, in part based on important input from families that we all value,” Jones wrote in his statement available on  SPS’ website. “As a result, I am considering withdrawing my earlier recommendations for closure and consolidation.”

Contributing: Julia Dallas, MyNorthwest; Luke Duecy, KIRO Newsradio

Steve Coogan is the lead editor of MyNorthwest. You can read more of his stories here. Follow Steve on X, or email him here.

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Uchenna Nwosu Returning To Practice & Other News From Mike Macdonald’s Press Conference

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Uchenna Nwosu Returning To Practice & Other News From Mike Macdonald’s Press Conference


Seahawks will “take a long look at “Sataoa Laumea” following Anthony Bradford’s injury.

Starting right guard exited Sunday’s game with an ankle injury, and after the game Macdonald said Anthony Bradford will likely miss at least this week’s game. And while Christian Haynes, who took over for Bradford after the injury, would seem the likely candidate to take over, especially considering he split reps at that spot with Bradford earlier this season, Macdonald said the Seahawks will also look at another member of the 2024 draft class, sixth-round pick Sataoa Laumea.

“Sataoa is someone we’re going to take a long look at as well,” Macdonald said when asked about Haynes in that role. “But Christian played winning football for us, but we want him to grow. Keep growing man, you’ve got to go prove it every week on the practice field and in preparation. But right now, he deserves all the credit for being a guy that was rotating in, then AB took over, he still prepared, knew all the things that we—no mentals on the day, but some technique stuff we’ve got to get cleaned up. But overall, good enough to win the game, so, happy with his ability to step in and help us win the football game.”

Asked about Laumea’s rookie campaign so far, Macdonald said, “Just a guy who continues to work his craft and take it day by day. He can play both left and right guard. Just a guy we were really excited about bringing him in, and then to see his approach every day, and now that he gets an opportunity, it’s another example of, ‘Hey, what are you going to do with it? Go to work.’”



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