Connect with us

Seattle, WA

Seattle metro’s real estate market is starting to level off

Published

on

Seattle metro’s real estate market is starting to level off


Information: Freddie Mac; Chart: Madison Dong/Axios Visuals

The Seattle metro’s actual property market is beginning to degree off, in accordance with the most recent information from Redfin/MLS.

Why it issues: After two-plus years of plummeting stock and sky-high dwelling costs, patrons within the Seattle space have waited a very long time for a bit reduction.

What’s occurring: Mortgage charges began to surge in Could and have since handed 7%, squeezing homebuyer budgets.

Advertisement

By the numbers: Stock is up 10.2% and pending gross sales are down 36.8% since Could.

  • Median dwelling gross sales costs fell from $850,000 to $760,000 from Could to September.
  • Sellers are more and more dropping their asking worth. In September, 46% of listings noticed worth cuts, up from 35.8% in Could.
  • In the meantime, a shrinking share of properties bought above the listed worth. Greater than 21% of properties bought above record worth in September, down from 67.6% in Could.
  • Properties are actually sitting in the marketplace greater than 4 occasions as lengthy. In Could, properties bought in 5 days on common, in contrast with 21 days in September.

Sure, however: Month-to-month mortgage funds are considerably costlier than they had been a yr in the past.

The underside line: Whereas Seattle’s market is calmer, rising mortgage charges could hold homeownership out of attain for a lot of.

🌱

Help native journalism by changing into a member.

Study extra

Advertisement

Extra Seattle tales

No tales might be discovered

Get a free day by day digest of an important information in your yard with Axios Seattle.

🌱

Help native journalism by changing into a member.

Study extra

Advertisement



Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Seattle, WA

Last call at Merchant’s Cafe & Saloon: Seattle’s oldest bar set to close

Published

on

Last call at Merchant’s Cafe & Saloon: Seattle’s oldest bar set to close


Seattle’s longest-running bar is set to close its doors at the end of the year. The historic site is known for its ghost stories, pressed-tin ceiling, and buckboard floors in the heart of Pioneer Square. There are murmurs the bar could reopen after a renovation in spring, but that’s still uncertain.

In the Merchant’s basement, daylight shines down through the small purple glass windows in the sidewalk above. The city’s oldest saloon sits at a main intersection of the city’s oldest neighborhood, forever tied to Seattle’s history.

First opened in 1890 before moving to its current spot in 1907, Merchant’s originally offered gambling and a brothel during Seattle’s early gritty days. Bartenders there say the current owners plan to close the bar next week.

Advertisement

“I had to let everyone go, it was pretty sudden,” says Anthony Powell, a supervisor and manager at Merchant’s. “I just told everyone: ‘work ‘til the end of the year and that’s it.’”

One bartender who got hired less than six months ago says he got almost no notice that Friday would be his last shift. That’s the nature of the business, he shrugged.

Powell says he got word from owner Darcy Hanson in early December that the bar would be closing. Hanson did not respond to KUOW’s requests for comment. There are rumors among the remaining staff that the owners want to renovate the interior and re-open the historic watering hole in the spring, but nothing’s been confirmed.

Few bars in Seattle carry the ambiance that Merchant’s offers. A giant, century-old wooden bar stretches along one side of the room. Hardwood floors worn smooth by over a hundred years of patrons and partiers. According to the bar’s website, nearly everything in the place is haunted, from the paintings on the wall to the wall of wine bottles.

Advertisement

After decades of serving Seattle, Merchant’s is starting to show its age. Powell says some parts of the saloon do need updating.

“I mean, it’s the oldest bar in Seattle,” Powell says looking over the barroom. “Our electrical is shot behind this bar completely, the coolers are over 35 years old. A lot of stuff doesn’t work.”

That’s the charm that comes with a place as old as the cobblestones out on Yesler Street. Merchant’s, a dive bar according to Powell, doesn’t feature fancy lighting or a new sound system like the nightclubs around the corner. In one smoky corner of Merchant’s, deep leather couches almost disappear in the shadows.

Stepping down the stairs to the bathroom is like stepping back in time. The exposed rock walls feel like a private cellar or speakeasy. Pioneer Square’s signature purple glass sidewalk windows can be seen clearly down here, a view you can usually only find during an underground tour.

Advertisement

Powell, who has worked at Merchant’s for a little over four years, says business has been pretty slow recently. Like a lot of neighborhoods in Seattle, Pioneer Square is struggling to attract more customers. The pandemic didn’t help a sleepy bar like Merchant’s.

Still, Powell says, the bar is a regular stop for sports fans heading to the nearby stadiums and tourists who want to experience a piece of Seattle history. A lot of people come in to raise a glass just to say they’ve had a drink at the spot, Powell says.

This month, the bar had its busiest weekends of the year thanks to the annual SantaCon pub crawl. Powell says he was hoping they would be open next year when SantaCon organizers want to extend the event to all four Saturdays of December – but it looks like that won’t happen.

Merchant’s is hosting a farewell party on Monday, December 30. Powell says he’ll be working with longtime bartender Michael Harris to pour the final drinks at the oldest place in town.

“It was a great experience, I loved it,” Powell says, “the people that come through are really great. You meet a lot of people around the world, because it’s a tourist bar, they love to come here. So I’m sad to see it go for sure.”

Advertisement



Source link

Continue Reading

Seattle, WA

Stowaway busted: Unticketed passenger caught boarding Delta flight from Seattle to Honolulu

Published

on

Stowaway busted: Unticketed passenger caught boarding Delta flight from Seattle to Honolulu


A passenger without a ticket, a stowaway, was found on board a Delta Air Lines flight as it was about to fly from Seattle to Honolulu on Christmas Eve.

Delta Flight 487, an Airbus A321neo aircraft scheduled to depart Seattle-Tacoma International Airport for Honolulu on Dec. 24, was stopped while the plane was taxiing on a runway when the unticketed passenger, who was not identified, was discovered, according to the airline.

The aircraft returned to the gate, where the passenger was ultimately arrested.

Advertisement

“As there are no matters more important than safety and security, Delta people followed procedures to have an unticketed passenger removed from the flight and then apprehended,” the airline said in a statement. “We apologize to our customers for the delay in their travels and thank them for their patience and cooperation.”

Passenger boarded flight without a ticket

The Port of Seattle Police Department told USA TODAY that the passenger entered the airport the day before boarding the flight, on the evening of Dec. 23.

According to the Transportation Security Administration (TSA), the unidentified passenger passed through standard screening procedures and did not possess any prohibited items, but “bypassed the identity verification and boarding status stations,” and was able to board the aircraft without a boarding pass.

Advertisement

The TSA said that the incident was still under investigation.

After passing through TSA security, officials with the Port of Seattle said that the passenger had “also gained access to the loading bridge without a scanned ticket at the gate.”

Delta also said in a statement that “the unticketed passenger boarded the flight at the gate without presenting a boarding pass.”

Port of Seattle police said that once the aircraft returned to the gate, the unticketed passenger managed to exit the plane, but was later found in an airport terminal restroom.

The unticketed passenger was arrested for criminal trespass and booked into the South Correctional Entity jail in Des Moines, Washington, according to police.

Advertisement

Delta said that the flight was ultimately delayed for 2 hours and 15 minutes while TSA personnel conducted additional security checks. Port of Seattle police also swept the aircraft and terminal with K9 dogs.

Another stowaway caught on a Delta flight last month

The incident comes a month after a woman was found on board a Delta Air Lines flight from New York to Paris without a ticket.

Cour documents from the arraignment of Svetlana Dali show that she managed to get through TSA security screening at New York’s John F. Kennedy International Airport on Nov. 26 by “entering through a special lane for airline employees masked by a large Air Europa flight crew.”

Dali was then able to board a Delta flight without presenting a boarding pass before she was eventually discovered after the plane had taken off.

On Dec. 16, Dali was arrested in Buffalo, New York on a bus bound for Canada, having cut off her ankle monitor.

Advertisement

Max Hauptman is a Trending Reporter for USA TODAY. He can be reached at MHauptman@gannett.com.



Source link

Continue Reading

Seattle, WA

Seattle Seahawks defense comes alive in low-scoring win over Chicago Bears | CNN

Published

on

Seattle Seahawks defense comes alive in low-scoring win over Chicago Bears | CNN




CNN
 — 

The boo birds were loud and clear Thursday night at Soldier Field following the latest Chicago Bears loss.

On a chilly, rainy night in Illinois – the Bears lost to the Seattle Seahawks in a 6-3 defensive struggle between both squads on Thursday Night Football.

Needing a field goal to at least force overtime, rookie quarterback Caleb Williams drove the Chicago offense all the way to the Seattle 40-yard line.

Advertisement

With a field goal attempt out of reach on fourth down, it was up to Williams to convert to keep the Bears alive but things went awry. The 23-year-old No. 1 overall pick was hit as he threw the ball and was intercepted by Seattle cornerback Tariq Woolen, securing the win for the Seahawks.

It was Williams’ first interception in 354 passes, which had been the longest streak by a rookie in NFL history.

All three field goals in the game came in the first half.

Williams finished with 122 yards and the interception, while Seahawks quarterback Geno Smith threw 17-of-23 for 160 yards.

Offense was almost non-existent, but both defenses held firm to keep the game within arm’s reach.

Advertisement

The Seahawks defense sacked Williams seven times to help keep them alive in the NFC playoff picture; NFL.com currently has Seattle with a 15% chance to make the postseason.

In a sign that perhaps Chicago needs to improve its offensive line, Williams has now been sacked 67 times this season. Former Houston Texans quarterback David Carr holds the NFL record for most times sacked with 76 back in 2002.

In the midst of Chicago fans chanting “sell the team,” Seattle signal-caller Smith told the Amazon Prime broadcast that the team “doesn’t care” how they get wins.

“Defense played tremendous,” Smith said. “At this point, we don’t care how we get wins. We just want to win games. I don’t care if it was 5-4. We got the dub. It was a hard fought game. Our defense was lights out.”

Seattle improves to 9-7 on the season and can clinch the NFC West with a bit of help. If the Los Angeles Rams lose on Saturday against the Arizona Cardinals and the Seahawks beat LA to close out the regular season, Seattle will win the division and book a ticket to the postseason.

Advertisement

The Bears have now lost 10 straight after starting the season 4-2 and fall to 0-4 under interim head coach Thomas Brown.

Chicago travels to Green Bay to take on the Packers to round out the regular season.



Source link

Advertisement
Continue Reading
Advertisement

Trending