Tech

by Louis Howard

Seattle continues to be hotter than a habanero pepper with housing records continuing to fall month. below is an example of the latest.

The Seattle Area Market
Following up on a record-breaking spring, the county’s real-estate market had its hottest month of July since such monthly records began in 2000, with prices rising 18.6 percent from a year ago.

The new median price is $658,000, or $103,000 more than last July, according to monthly data released Monday by the Northwest Multiple Listing Service.

Just a down payment on the median house costs about $20,000 more than a year ago. So first-time buyers who didn’t save up that much in the past year are further from buying a house today than they were a year ago.

Zillow Group CEO Spencer Rascoff isn’t worried about the threat of newly-public Redfin — but he thinks the rest of the real estate industry should be. He made that clear during a conference call associated with Zillow’s second-quarter earnings Tuesday in which he went so far as to say that Redfin is a “threat” to the traditional real estate industry.

“Undoubtedly, one of Redfin’s goals is to obviate the buyer’s agent,” Rascoff said on the call. “I think they have stated, quite publicly, that they aim to acquire more listings inventory in given markets, and then have no buyers’ agents on the other side of those listings. And that is a threat to organized real estate, and that’s one of the many reasons why brokerages are so t was interesting to hear Rascoff rise up as the defender of traditional real estate agents, since Zillow at one time was perceived as the villain in many real estate circles. It was also noteworthy that Rascoff took such direct aim at Redfin, which raised $138 million in its IPO last week.

by Associated Press & KOMO Staff

Tuesday, June 20th 2017

Boeing planes displayed at Paris Air Show, in Le Bourget, east of Paris, France, Tuesday, June 20, 2017 in Paris. Aviation professionals and spectators are expected at this week’s Paris Air Show, coming in, in a thousands from around the world to make business deals. (AP Photo/Michel Euler)

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PARIS – Boeing has landed a string of new plane deals while Airbus has won lucrative promises at the Paris Air Show, as both plane makers stressed the growing importance of digital technology in aviation.

Boeing announced firm orders Tuesday for more than 45 planes worth $5.4 billion at list prices, though customers routinely negotiate discounts. Buyers included Ryanair, China’s Okay Airways and the Aviation Capital Group leasing company.

The aerospace giant also took in tentative orders for a further 83 planes worth as much as $9.3 billion.

In addition, Boeing raised its forecast for new airplane demand, projecting the need for 41,030 new airplanes over the next 20 years valued at $6.1 trillion.

The company’s annual market outlook was released today at the air show, with total airplane demand rising 3.6 percent over last year’s forecast.

“Passenger traffic has been very strong so far this year, and we expect to see it grow 4.7 percent each year over the next two decades,” said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. “The market is especially hungry for single-aisle airplanes as more people start traveling by air.”

The single-aisle segment will see the most growth over the forecast, fueled by low-cost carriers and emerging markets. Some 29,530 new airplanes will be needed in this segment, an increase of almost 5 percent over last year.

Airbus said it had pledges Tuesday for 95 jets worth up to $10.4 billion at list prices.

Most of the orders were for single-aisle jets.

Airbus launched a new digital platform and Boeing forecast big growth in demand for technology and data to guide aviation industry decisions.

High-tech hardware is getting attention at this year’s Paris Air Show.