Seattle, WA
Seattle’s real estate market is “coming back to life”
With sellers nonetheless on the sidelines within the Seattle metro space housing market and patrons popping out of hibernation, demand could also be outpacing provide, in line with the newest RE/MAX Nationwide Housing Report.
- That would result in sharper value will increase in spring after a relative flattening of the market on the finish of final yr.
Why it issues: Reduction from the area’s sky-high pandemic residence costs was welcomed however could also be short-lived, particularly with mortgage charges creeping up once more.
By the numbers: Based mostly on Redfin information, Seattle’s median residence gross sales value was $715,000 in January, up 0.7% from January 2022 and up 1.56% from December.
- The variety of houses available on the market final month — 2,988 — was down about 16% from the earlier month.
- In January, 1,523 Seattle houses had been offered, down 33.90% from January of final yr.
Zoom in: In Seattle, extra houses are actually promoting beneath the listing value, in line with the newest RE/MAX Nationwide Housing Report. That places Seattle in second place within the U.S. for the most important lower in close-to-list value ratio.
However stock is down, houses are nonetheless costly and month-to-month mortgage prices are up after a quick respite final month, in line with Zillow’s Month-to-month Housing Report for January. Different Zillow findings:
- The mortgage on a typical residence in Seattle with a 20% down cost was $3,346 in January. That is 38% greater than a yr in the past and nearly double the $1,848 seen in January 2020.
- New listings had been down 32% yr over yr and it is now taking about 37 days from the time a home is listed till a sale is pending; that’s 32 days longer than it took in January 2022.
Zoom out: Nationally, median residence gross sales costs have crept up 1.3% from one yr in the past, and gross sales fell for the twelfth month in a row, writes Axios’ Brianna Crane and Sami Sparber.
What’s subsequent: Spring, sometimes marked by larger demand, extra competitors and steeper residence costs, is correct across the nook.
- If spring 2023 follows typical developments, we must always count on extra patrons within the close to future.
What they’re saying: What occurs subsequent will probably be closely influenced by mortgage charges, Zillow senior economist Jeff Tucker instructed Axios Seattle.
- “The market is coming again to life,” he stated. “It is not the loopy frenzy of 2021 and early 2022, but it surely’s not the doldrums of October and November both.”
Seattle, WA
Rant and Rave: Reader unhappy with almond croissants
Seattle, WA
Seattle road collapses after water main break; repairs ongoing
Seattle Public Utilities (SPU) and Seattle Department of Transportation (SDOT) worked to repair a road and the surrounding area after a water service line broke and caused a collapse, according to a news release.
The incident occurred at Airport Way South and South Lander Street intersection on Tuesday, January 16.
Video of the water main break and road collapse were provided by safetyvid.org.
Seattle Police notified SPU about the situation around 10:45 a.m., prompting an immediate investigation by SPU crews.
The broken water pipe resulted in water pooling in the roadway.
Despite the significant break, no SPU water customers experienced a service disruption.
City crews and inspectors will continue to investigate the cause of the incident.
Seattle, WA
An insider's take on Seattle Seahawks OC candidate Byron Leftwich
Former nine-year NFL quarterback and Tampa Bay Buccaneers offensive coordinator Byron Leftwich is the latest name to emerge in the Seattle Seahawks’ OC search.
Report: Another Seahawks OC candidate gets 2nd interview
NFL on CBS insider Jonathan Jones reported on social media Friday morning that Leftwich has interviewed for the Seattle job, making him the fifth reported candidate to do so.
Leftwich, 45, spent four seasons as Tampa Bay’s OC from 2019 to 2022. During that time, he directed some of the league’s highest-scoring offenses. With Jameis Winston at quarterback in 2019, the Bucs finished fourth in the league in scoring. Then after Tom Brady took over at QB, Tampa Bay ranked third in scoring during its Super Bowl-winning 2020 season and second in scoring in 2021.
However, the Bucs tumbled to 25th in Brady’s final year in 2022. Leftwich was fired after that season and hasn’t coached in the NFL since.
Rick Stroud, who covers the Buccaneers for the Tampa Bay Times, joined Seattle Sports’ Bump and Stacy on Friday to share his insight on Leftwich. Stroud said it remains perplexing that Leftwich hasn’t gotten another NFL gig, especially after he was considered a front-runner for the Jacksonville Jaguars head coaching job prior to the 2022 season.
“The production (was) really remarkable in terms of the passing game,” Stroud said. “And then of course, once they got Tom Brady, the team really took off and won a Super Bowl. So I think it’s unfortunate for Byron. He didn’t get much credit for what was done here, but he was the game planner. He was the play caller. And he had some of the most prolific offenses in the National Football League.
“It’s really been kind of frustrating for him and mysterious that he hasn’t gotten that attention (from NFL teams),” Stroud added.
During the Jaguars’ 2022 head coaching search, there was a report that Leftwich turned down the job because he didn’t want to work with general manager Trent Baalke. Leftwich denied those claims, according to a recent article published in The Athletic.
“There were a lot of rumors and things that he doesn’t understand – one of them being that he wouldn’t want to work for Trent Balke,” Stroud said. “He told me, ‘Rick, I never had one discussion about the general manager in Jacksonville. I would have taken that job no questions asked about who was in the front office.’
“So in this day of agents and media – and sometime media sharing the same agents, quite frankly – guys push people that they have relations with. And Byron is not a campaigner. He’s the most affable guy I’ve ever worked with. I know the players love him. (He) never had a problem with a coaching staff member that I’m aware. So I think it’s just that, in an era of self-promotion, that’s the part that he may not have done very well. … But he’s ready to coach again.”
During his four-year run in Tampa Bay, Leftwich had one of the league’s top passing attacks. The Bucs ranked No. 1 in passing yardage in both 2019 and 2021, and No. 2 in passing yardage in 2020 and 2022. However, their ground attack was lagging, ranking in the bottom quarter of the league in rushing yardage all four years. In Leftwich’s final two seasons, Tampa Bay had the lowest run play rate in the league.
That run-pass imbalance would seem to be at odds with what Seattle head coach Mike Macdonald is looking for. Macdonald and the Seahawks moved on from offensive coordinator Ryan Grubb after one season, citing philosophical differences that appeared to be centered around Seattle’s inability to get the run game untracked. The Seahawks finished 28th in rushing yardage and had the fifth-lowest run rate in the league.
Stroud was asked whether he thinks Leftwich’s pass-heavy background in Tampa Bay would be an issue for Seattle.
“The offense that he ran is really an adaptation of what (former Arizona Cardinals and Tampa Bay head coach) Bruce Arians did for years and years,” Stroud said. “And it was good enough to win a Super Bowl with a 43-year-old quarterback who wasn’t the most mobile guy in the world. They started that Super Bowl season 7-5 and they made some changes. They shored up some protections and convinced Tom to take more shots down the field, and that’s when their offense really took off.
“And look, there’s a lot of ways to get things done. And a lot of times (with) the screen game, throws in the flat are just an extension of the running game. But I’ve never known Byron to be averse to running the football when you’re doing it successfully. So there’s definitely a philosophy. It was more of a pass-first offense – there’s no question about that. But they attacked people and they created a lot of problems for the defense.”
Listen to the full conversation with the Tampa Bay Times’ Rick Stroud at this link or in the audio player near the top of this story. Tune in to Bump and Stacy weekdays from 10 a.m. to 2 p.m. on Seattle Sports.
More on the Seattle Seahawks
• Insider: Why Seattle Seahawks’ 28-year-old OC candidate is ‘fascinating’
• Report: Seahawks to hold 2nd interview with Klint Kubiak for OC job
• How would Klint Kubiak fit as Seattle Seahawks OC?
• Daniel Jeremiah: What Seattle Seahawks should look for in next OC
• Seattle Seahawks OC Search: Insiders weigh in on each candidate
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