Bill Looks at Who Pays Federal Income Tax

It seems around tax time there is always debate about who pays the most taxes. This chart, from researcher Curtis Dubay, using IRS numbers, breaks down income as well as tax burden. To be fair, this is only federal income...
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La’Cee Looks at a Great List

Look who is number seven and number 16! Now this is a list we want to be on. From the Praxis Strategy Group, this chart compiles the data for the metro areas that are generating the most tech jobs. Many...
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La’Cee Looks at Jobs, Jobs, Jobs

John Burns published this neat chart showing projected job growth over the next three years. Since jobs are the number one driver of new home demand, we are very happy to see the Seattle Metro market on this list. Texas...
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Bill Loks at Texas

With April 15th just behind us, I thought it a good idea to check out who carries most of the burden for paying income tax in our country. To me, the most significant – – and shocking – – number...
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Paul Does Not Like the Lack of Inventory

This chart from the National Association of Realtors dramatically illustrates how new housing starts are at only half of what they were 15 years ago or so. The NAR article goes on to list some of the reasons: Capital gains...
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Paul Liked the Inman Webinar on Best Broker Model

Brad Inman hosted an interesting webinar just a few days ago on the Best Broker Business Model. Participants were Glen Kelman, Redfin; Sam DeBord, real estate writer and broker; Ben Kinney, Keller Williams; OB Jacobi, Windermere; and Vikram Deol, Coldwell...
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La’Cee Looks at a New Toll Brothers Program

Toll Brothers is offering a ‘Fly and Buy’ program for potential buyers traveling to a new town. In some cases, consumers get to try out a new home in one of their communities. At the least, Toll will reimburse for...
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Bill Liked the Battle of the Barristers

SKCAR hosted their annual Battle of the Barristers a few weeks ago, and it was the largest attendance ever. The Barristers in this 3 clock-hour course/event were moderator Mike Spence, Helsell Fetterman; Lars Neste, Demco Law Firm; Chris Osborn, Foster...
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Bill Looks at the Nationals

While publicly traded homebuilders own more than 65% of new home subdivisions in Orlando, Las Vegas, Riverside, San Jose and Denver, the public builders are in the minority in many other markets. This is an interesting chart from the John...
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Bill Follows Up (They are in shock around here)

Last week I was whining about Washington State’s lack of leadership in pushing through a construction defects bill, like Vancouver B.C. and now, possibly, Colorado. Jan Rohila from the Building Industry Association of Washington (BIAW) just sent me a link...
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Nationals and Numbers Looks at the Numbers

My goodness! March was the second best March since the year 2000, only bested by the incredible year of 2005. The news release from the NWMLS stated that “Buyer anxiety is rising as the pace of home sales is faster...
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Bill Looks at Construction-defects Reform

Construction-defects reform just passed its first big test in the Colorado legislature, winning bi-partisan support in the state Senate Committee. This bill has some similarities to the Vancouver, BC bill passed several years ago. Basically, it requires mediation or arbitration...
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La’Cee Loves New Home Starts

This is good chart sent to us from Bonnie Muraoka at Wells Fargo. It shows a decline in February, due mostly to snow and weather, but overall a slow but sure growth in starts. Our year is off to a...
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Bill Looks at Downtown Seattle

The Puget Sound Business Journal reports that nearly 65,000 now live in downtown Seattle, almost a quarter million people work there every day and fifteen million square feet of office space is under construction. Wow. “Downtown” is defined by the...
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La’Cee Loves Downtown

So, speaking of downtown, when are condos coming back? A great panel including Suzzi Moris from Lowe Enterprises, Paul Zeger from Polaris Pacific, Randy Daniels from HomeStreet Bank and David Herman from Cairncross & Hempelmann just made a presentation on...
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Bill Looks at Why Apartments Will Never Be Condos

Multifamily Executive magazine just published a study that shows many new buildings include a large share of studios and one-bedroom apartments. That is sort of understandable, given that Millennials are a prime target. Having said that, if the developer is...
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La’Cee Loves Millennials

I love Millennials because they are going to buy a zillion homes from us in the coming decade. A recent Google Consumer Study revealed that 30 percent more Millennials (born 1980 – 1995) visited real estate websites in 2014 compared...
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Bill Looks at Homeowner Rates

The U.S. Census has just reported that home ownership has reached its lowest point at 64% since 1990. Washington State is 63.2%. As the chart shows, this number has reached as high as 69%, and the desire for home ownership...
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Bill Looks at Title Insurance. But Why?

Having just returned from London, I am so grateful we have a title insurance system in our state. It just makes our lives so much easier. There’s an old/new player about to hit town in a big way. A group...
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La’Cee Loves New Construction

10,000+ adoring acolytes attended Keller Williams Family Reunion in Florida a few weeks ago and watched and listened to an amazing 157 minute presentation on the state of the real estate industry in our country. Here’s just one slide of...
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Bill Looks at Where We Came From

This chart represents where people currently living in each state were born. In our state, 47% were born here, but a substantial number emigrated from California (the yellow-gold) and the darker grey indicates a large number of people from outside...
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Paul Looks at Rental Increases

Zillow recently reported that rents have increased by 21% over the last five years, while wages increased by 10.4%. “Lots of people have this rule of thumb – that you shouldn’t be spending more than 30 percent of income toward...
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