Seattle chugs along as America’s hottest home market despite slowing a bit

Seattle’s home-price increases keep surging ahead of the rest of the nation even as the local housing market is showing a clear trend of slowing a bit.

Across Greater Seattle, the typical single-family house cost 10.4 percent more in November than a year ago, the biggest increase of any metro area in the country, according to the Case-Shiller home-price index released Tuesday.

It’s the third straight month that the Seattle area led the nation as the hottest housing market after a nine-year stretch without being on top.

Fastest-rising home prices compared with a year ago

1. Seattle +10.4%

2. Portland +10.1%

3. Denver +8.7%

4. Tampa +8.1%

5. Dallas +8.1%

Source: Case-Shiller home price index

The winter is normally the slowest time of year for the local real-estate market. The growth in home values was

... read more at: https://www.seattletimes.com/business/real-estate/seattle-chugs-along-as-americas-hottest-home-market-despite-slowing-a-bit/

Federal Tax Credits For Plug-In Hybrids, Electric Cars: What You Need To Know

If you want to get a special incentive for driving a hybrid, you’re a few years too late; but a tax credit applies to nearly every electric car and plug-in hybrid on the market and it can, in some cases, effectively reduce your cost for such a model to that of an ordinary gasoline vehicle (or even less).

The widely mentioned $7,500 tax credit is arguably confusing from the start. The federal government gives information on it from a ‘Tax Incentives Resource Center,’ but it isn’t treated as an incentive or rebate to consumers, so you don’t get it at the time of purchase. It’s not a tax deduction (a reduction in taxable income) either. With a tax credit, you reduce the amount of income tax you owe.

ALSO SEE: 5 Car Brands That Customers Don’t Buy Twice

You claim it by making IRS Form 8936 part of your tax return. And

... read more at: https://www.thecarconnection.com/news/1093962_federal-tax-credits-for-plug-in-hybrids-electric-cars-what-you-need-to-know

Van’s sale will deliver ‘bread’ to children’s hospitals

Chevrolet bread van crosses the block today at Mecum's auction in Oregon | Mecum Auctions photos

Chevrolet van crosses the block today at Mecum’s Portland auction | Mecum Auctions photos

Technically, Lot S181 up for bidding today at Mecum Auctions’ sale in Portland, Oregon, is a highly customized 1950 Chevrolet bread delivery van powered by 383 cubic-inch “stroker” engine linked to a 700R4 automatic transmission.

But the “bread” this truck will deliver isn’t the kind that comes out of an oven. Instead, proceeds from the van’s sale will benefit Shriners Hospitals for Children.

Full disclosure: ClassicCars.com is affiliated with Shriners in more than one way. For one thing, it partners with us for our auction preview tours. For another, our editorial director was a patient at Shriners when he was a child and teenager.

The owner of the truck is donating the proceeds from

... read more at: https://journal.classiccars.com/2017/06/17/vans-sale-will-deliver-bread-childrens-hospitals/

Unrestored ‘Gullwing’ going from museum to auction

One of the last Mercedes-Benz “Gullwing” coupes produced has been added to the docket for RM Auctions’ Fort Lauderdale, Florida, sale the weekend of April 6-7, when the full amount of its hammer price will be donated to the YMCA in Jackson, Michigan, the consignor’s hometown, the auction company has announced.

Only four more Gullwings were built before the 1957 model-year production ended, RM Auctions notes, adding that the car, chassis No. 7500071, “carries
the most desirable late-production features, as well as the optional Becker Mexico radio and full leather upholstery.”

The car originally was sold to Donald Bueermann in Portland, Oregon, before going to an oil company heir, Arthur L.W. True. When True died in 1967, his family donated several of his cars to the Henry Ford Museum.

| RM Auctions photos by Darin Schnabel

“The museum decided the Gullwing was outside their needs, and

... read more at: https://journal.classiccars.com/2018/03/19/unrestored-gullwing-going-museum-auction/

Barrett-Jackson countdown: 1971 Jaguar XKE Series II roadster

Editor’s note: The ClassicCars.com Journal will be covering all of the action during Arizona Auction Week in Scottsdale, Arizona. Check out our other coverage here.


A proper sports car can be good for the soul. A sunny afternoon with the top down, hugging the curves, racing through the gears, can create memories that last a lifetime.

The 1971 Jaguar XKE that will be offered with no reserve during Barrett-Jackson Scottsdale 2019 was exactly that kind of car for its original owner. She had always wanted a sports car, and in 1971 she and her husband, to celebrate their 25th anniversary, marched into British Motor Car Distributors in Portland, Oregon, and purchased this remarkable XKE.

According to the seller, who spoke extensively with the family about car, “She sat in a couple other cars. This one was in the back, and as soon as she saw it, she had

... read more at: https://journal.classiccars.com/2018/12/31/barrett-jackson-countdown-1971-jaguar-xke-series-ii-roadster/

This Mustang is electric, literally

In the run up to Father’s Day, we’ve been publishing several stories about how fathers and grandfathers passed down their collector car genes. Here’s another, although this one is a Pick of the Day selection because the car is being advertised for sale on ClassicCars.com.

The car is a 1965 Ford Mustang coupe that the seller’s father converted to an electric vehicle back in the mid-1990s.

“My Dad had an idea, completed in July 1995, to build a ‘Classic Electric Car’,” the seller writes in the advertisement.

“He found the ’65 Mustang Coupe and contracted ‘E-Car’ to do the electric transformation and contracted Gerhard Wagner to do the restoration.”

The seller notes that the car was featured in Mustang Illustrated magazine and was displayed at Nike’s Hillsboro, Oregon, campus and at PGE Portland.

... read more at: https://journal.classiccars.com/2018/06/07/this-mustang-is-electric-literally/

Storied Mercedes-Benz 300SL ‘Gullwing’ up for sale again

Just months after selling at auction for more than $1.19 million, a 1957 Mercedes-Benz 300SL “gullwing” coupe with a fascinating story is being offered for sale on ClassicCars.com by an upstate New York specialist dealership for $1.295 million. 

The Pick of the Day is the fifth-from-last 300SL produced, chassis 7500071, and was equipped with all of the late-production features, the dealer’s advertisement and the RM Auctions’ Fort Lauderdale sales catalog note. Those features include the optional Becker Mexico radio and full-leather seating.

The car was sold new to 28-year-old Donald Bueermann of Portland, Oregon. In the early 1960s, it was sold to oil-company heir Arthur L.W. True, a Spokane, Washington, resident and sports car racer who also owned Ferrari 250 TR chassis 0704. 

When True died at age 35, his family donated several of his cars, including the Gullwing and

... read more at: https://journal.classiccars.com/2018/10/06/storied-300sl-gullwing-for-sale-again/

Arlington Police Charge Man With Drunk Driving

ARLINGTON, MA – Arlington police charged a man with drunk driving following a crash on School Street early Sunday morning. Howard Tarlow, 67, of Lexington, was involved in a single-car crash on Summer Street near the Washington Street intersection just before 12:30 a.m., police said.

Responding officers found Tarlow standing next to his car, which was stopped on the yellow line with “significant” front-end damage, according to the police report. The car, a 2015 Cadillac Escalade, had knocked down two trees before coming to rest in the road.

Tarlow had a small scratch on his forehead and a small cut on his right hand. He told officers he was uninjured, according to police.

Officers said Tarlow appeared to be under the influence and had an odor of alcohol emanating from him when he spoke. He told police he was driving home from a charity event in Boston and got distracted when

... read more at: https://patch.com/massachusetts/arlington/arlington-police-charge-man-drunk-driving

President Trump Says He’d Likely Support Bill To End Federal Pot Ban

A major problem stemming from the federal ban: Major banks have been reluctant to do business with marijuana companies, fearing it could lead to prosecution. In California, for example, paying taxes and other transactions are often done in cash, sometimes in vast amounts.

... read more at: http://www.news9.com/story/38387182/president-trump-says-hed-likely-support-bill-to-end-federal-pot-ban

EU-LIVE Consortium Unveils New Electrified Light Vehicle Based On Architecture Similar To Tricycle

Cars

Published on December 12th, 2017 | by James Ayre

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December 12th, 2017 by  



The so-called EU-LIVE (Efficient Urban LIght Vehicle) consortium — composed of 12 partners across 6 different countries — has revealed a newly developed plug-in hybrid (PHEV) light vehicle designed with energy-efficient urban mobility in mind.

The new electrified light vehicle — which was designed mostly by PSA Group, the only auto manufacturer in the consortium — is positioned between the 2-wheel and 4-wheel vehicle segments, being essentially a PHEV tricycle. The idea is apparently that the model could operate in all-electric mode when in urban

... read more at: https://cleantechnica.com/2017/12/12/eu-live-consortium-unveils-new-electrified-light-vehicle-based-architecture-similar-tricycle-project-led-psa-group/