The 2014 American Community Survey is out, measuring journey to work data. This is pertinent given Kirkland’s coming proposal for bus rapid transit. The bottom line? U.S. commuters continue to travel to work using the modes that have dominated for decades, with the exception of substantial increases in working at home. Though even in these modes, the changes are slight in view of the dominance of single-occupant commuting. This is not surprising, commuters who drive alone reach virtually anywhere in the metropolitan area and nearly always at a faster speed than any other method of commuting, save working at home. FYI, Seattle’s transit ridership of 9.8% is a bit higher than the national average of 5.2%.
Though inventory is low, NWMLS shows year-over-year gains in pending sales, closed sales and prices. “The housing market continues to be red-hot on a seasonal basis, but this winter will be even more intense given the dangerously low inventory,” remarked J. Lennox Scott of John L. Scott. Ben Kinney of Keller Williams commented that “…inventory will not be significantly increasing soon, as more and more buyers are staying in their present homes.”