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Weathering the Rain, and Property Storm
The troubles facing most Seattle-area landlords are more like a Puget Sound drizzle than the stormy skies swirling around markets such as Phoenix or Orange County, Calif.
Certainly the economic turmoil buffeting the nation’s property markets has touched Seattle. The area’s median home prices are falling, and average commercial rent gains are slowing. The volume of […]
Ford’s Home Weathers Change
DETROIT — The faded elegance of this city’s Boston-Edison neighborhood, once the home of Henry Ford, has survived white flight, the 1967 riots that destroyed nearby shops, and the long decay of the U.S. auto industry. But three years ago, residents started noticing a disturbing trend: More and more of the stately homes were vacant.