On January 11, 2019, the Washington State Department of Transportation (WSDOT) is set to permanently close the Alaskan Way Viaduct, the first step in a series of efforts to alleviate congestion but that will first make things worse for Seattleites. In what has been called the “period of maximum constraint,” movement in and around downtown will be difficult, as private and public construction will cause street closures and delays.
The nearly two-decade-long effort to replace the Alaskan Way Viaduct will soon hit a major milestone, as the viaduct is set to close on January 11th, 2019 as it is replaced by the Highway 99 tunnel spanning Sodo to South Lake Union. The closure has undoubtedly caused concern and confusion for commuters and Seattleites alike, especially given that there will be an approximate three-week gap between the closure of the viaduct and the tunnel’s opening. Using research obtained by Seattle Times, let’s take a look at answers to some of the biggest questions surrounding the project.
S&P Dow Jones recently released the Case-Shiller Home Price Index for August 2018, revealing that Seattle home price growth continues to slow. Up until just two months before that, Seattle led the nation in single-family home price gains for 21 consecutive months, but that run was ended as Las Vegas took over the lead.
If you’ve sold a home this year, then you can expect that come springtime, you’ll be facing a capital gains tax. As Homelight describes, “your house is considered a capital asset and, depending on how much you sell it for and how long you’ve owned and lived in it,” you may qualify for a number of tax deductions that will “lower your capital gains tax obligation.”