Washington State Magazine

Summer 2002


Summer 2002

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In This Issue...

Features

The pull of rowing :: Because rowing is more timing and rhythm than just strength, top athletes sometimes become frustrated. They must learn to be patient and accountable to their teammates. by Pat Caraher

{ WEB EXCLUSIVE–Gallery: Photographs of WSU crew by Robert Hubner }

Is nothing sacred? :: Never heard of C4 photosynthesis? Now you have. It's rare, it's cool, it could help feed the world. And WSU plant scientists just rewrote the textbook on it. by Mary Aegerter

Pants that fit...In search of a cure for misfits :: "The more I sewed," says Carol Salusso, "the more I got frustrated with the fact that the patterns didn't fit me." So she began designing her own. by Andrea Vogt

A Titan's Tale :: Bill Nollan didn't like not understanding. So he drove his athletes and his students ever harder. As if their lives depended on it. by Bill Morelock

Field Notes

Ukraine: Witnesses to an Uncertain Revolution :: How do you offer a reasonable criticism of America's consumer culture to an audience waiting desperately for basic goods that we take for granted? by Paul Hirt

Ukraine: Mining Every Opportunity for Hope :: There are many toasts, to friendship and Ukraine and its women, who maintain what is left of its social fabric. story & photos by Tim Steury

Panoramas

Departments

Tracking the Cougars

Cover: Washington State University varsity crew members Dorothea Hunter, Emily Raines, and Jaime Orth bend their backs to the oars on the Snake River. Read the story here. Photograph by Robert Hubner.

Panoramas

Washington sets a record for home sales

© Washington State University

Thanks to affordable mortgage rates that offset economic uncertainty and job cutbacks, Washington's resale housing market set a sales record in 2001, according to statistics released by the Washington Center for Real Estate Research (WCRER) at Washington State University.

“About 125,000 homes were sold last year, 5,000 more than in 1999, the previous record,” says Glenn Crellin, WCRER director. The median price for an existing home in Washington was $178,200 during the quarter, 0.5 percent higher than in 2000. King County had the highest median price ($260,000), Pacific County the lowest ($77,000).

The recession notwithstanding, slower increases in prices, low mortgage rates, and continued increases in incomes resulted in a surge in housing affordability. The housing affordability index, which measures the ability of a middle-income family to purchase a median-price home with a 20-percent down payment on a 30-year mortgage at prevailing interest rates, reached 135.1. That means a typical family could afford to purchase a home priced 35 percent higher than the median. During the quarter, housing was rated as affordable in every county except Jefferson.

Data for homes in 34 of Washington's 39 counties can be found here.

Categories: Business | Tags: Real estate

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