Comments on: June Reporting Roundup http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/ local real estate news, statistics, and commentary without the sales spin. Fri, 19 Mar 2010 13:49:58 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Seattle Bubble » Blog Archive » July Reporting Rounduphttp://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-19354 Seattle Bubble » Blog Archive » July Reporting Roundup Wed, 08 Aug 2007 18:15:38 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-19354 [...] just me, or does Aubrey’s article this month seem like little more than a slight rewrite of last month’s piece? Okay. We get it. Condos sales aren’t slowing down as much as single-family homes. [...]<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('19354','Seattle Bubble » Blog Archive » July Reporting Roundup',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('19354','Seattle Bubble » Blog Archive » July Reporting Roundup','[...] just me, or does Aubrey’s article this month seem like little more than a slight rewrite of last month’s piece? Okay. We get it. Condos sales aren’t slowing down as much as single-family homes. [...]',''); return false;">Quote</a></div> [...] just me, or does Aubrey’s article this month seem like little more than a slight rewrite of last month’s piece? Okay. We get it. Condos sales aren’t slowing down as much as single-family homes. [...]
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]]> By: JustAnotherRenterhttp://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17241 JustAnotherRenter Wed, 11 Jul 2007 17:27:43 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17241 Why were blocks of air (condos) ever popular anyway?I mean sure I have an irrational desire to own a house just like any American, but not to own a block of air!<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('17241','JustAnotherRenter',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('17241','JustAnotherRenter','Why were blocks of air (condos) ever popular anyway?\r\n\r\nI mean sure I have an irrational desire to own a house just like any American, but not to own a block of air!',''); return false;">Quote</a></div> Why were blocks of air (condos) ever popular anyway?

I mean sure I have an irrational desire to own a house just like any American, but not to own a block of air!

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]]> By: TJ_98370http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17239 TJ_98370 Wed, 11 Jul 2007 16:36:16 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17239 Hey SeattleHotty,Didn't Mr. Cramer say that all this would be contained within Bear Stearns?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('17239','TJ_98370',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('17239','TJ_98370','Hey SeattleHotty,\r\n\r\nDidn\'t Mr. Cramer say that all this would be contained within Bear Stearns?',''); return false;">Quote</a></div> Hey SeattleHotty,

Didn’t Mr. Cramer say that all this would be contained within Bear Stearns?

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]]> By: uptownhttp://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17238 uptown Wed, 11 Jul 2007 16:07:28 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17238 mydquin,Don't worry, the high-end will feel pain. Once the mid-market is stalled and the hedge funds have collapsed from holding bad paper, the rich will have no one to sell their overpriced mansions to. That's when you can start to talk about calling a bottom.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('17238','uptown',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('17238','uptown','mydquin,\r\n\r\nDon\'t worry, the high-end will feel pain. Once the mid-market is stalled and the hedge funds have collapsed from holding bad paper, the rich will have no one to sell their overpriced mansions to. That\'s when you can start to talk about calling a bottom.',''); return false;">Quote</a></div> mydquin,

Don’t worry, the high-end will feel pain. Once the mid-market is stalled and the hedge funds have collapsed from holding bad paper, the rich will have no one to sell their overpriced mansions to. That’s when you can start to talk about calling a bottom.

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]]> By: SeattleHottyhttp://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17226 SeattleHotty Wed, 11 Jul 2007 09:10:40 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17226 The sub-prime problem is far from playing all the way out.US mortgage problem fears spark sell-off: http://tinyurl.com/2p667c<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('17226','SeattleHotty',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('17226','SeattleHotty','The sub-prime problem is far from playing all the way out.\r\n\r\nUS mortgage problem fears spark sell-off:\r\nhttp:\/\/tinyurl.com\/2p667c',''); return false;">Quote</a></div> The sub-prime problem is far from playing all the way out.

US mortgage problem fears spark sell-off:
http://tinyurl.com/2p667c

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]]> By: mydquinhttp://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17222 mydquin Wed, 11 Jul 2007 06:46:17 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17222 Not long ago, I suggested that the recent credit crunch would affect the bottom end of the market more than the top end. Most of the bubble believers dismissed that possibility and suggested that the different segments of the market are too intertwined for the market to be bifurcated. Well... we now have some evidence...http://www.nytimes.com/2007/07/11/business/11leonhardt.html?hp<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('17222','mydquin',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('17222','mydquin','Not long ago, I suggested that the recent credit crunch would affect the bottom end of the market more than the top end. Most of the bubble believers dismissed that possibility and suggested that the different segments of the market are too intertwined for the market to be bifurcated. Well... we now have some evidence...\r\n\r\nhttp:\/\/www.nytimes.com\/2007\/07\/11\/business\/11leonhardt.html?hp',''); return false;">Quote</a></div> Not long ago, I suggested that the recent credit crunch would affect the bottom end of the market more than the top end. Most of the bubble believers dismissed that possibility and suggested that the different segments of the market are too intertwined for the market to be bifurcated. Well… we now have some evidence…

http://www.nytimes.com/2007/07/11/business/11leonhardt.html?hp

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]]> By: Old Ballardhttp://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17220 Old Ballard Wed, 11 Jul 2007 04:25:02 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17220 "Condos sell themselves"Let me count the number of unsold Condos east/west between 32nd Ave NW and 15th Ave NW and north/south between say Market St. and 65th St. 17+3+7+10+70+50+5+three site that haven't broken ground, and not one of these units, including studios are selling for less than 350,000.Condo's are going to have to work overtime to sell themselves.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('17220','Old Ballard',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('17220','Old Ballard','\"Condos sell themselves\"\r\n\r\nLet me count the number of unsold Condos east\/west between 32nd Ave NW and 15th Ave NW and north\/south between say Market St. and 65th St. 17+3+7+10+70+50+5+three site that haven\'t broken ground, and not one of these units, including studios are selling for less than 350,000.\r\n\r\nCondo\'s are going to have to work overtime to sell themselves.',''); return false;">Quote</a></div> “Condos sell themselves”

Let me count the number of unsold Condos east/west between 32nd Ave NW and 15th Ave NW and north/south between say Market St. and 65th St. 17+3+7+10+70+50+5+three site that haven’t broken ground, and not one of these units, including studios are selling for less than 350,000.

Condo’s are going to have to work overtime to sell themselves.

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]]> By: georgehttp://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17213 george Wed, 11 Jul 2007 00:18:21 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17213 Again, the Seattle Times quotes National Association of Realtor cheerleader Lawrence Yun. As if he were an objective source of real estate information. Meanwhile, Lawrence Yun is now a laughing stock according to this reporter for the Los Angeles Times:http://latimesblogs.latimes.com/laland/2007/06/realtors-blame-.html<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('17213','george',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('17213','george','Again, the Seattle Times quotes National Association of Realtor cheerleader Lawrence Yun. As if he were an objective source of real estate information. \r\n \r\nMeanwhile, Lawrence Yun is now a laughing stock according to this reporter for the Los Angeles Times: \r\n\r\nhttp:\/\/latimesblogs.latimes.com\/laland\/2007\/06\/realtors-blame-.html',''); return false;">Quote</a></div> Again, the Seattle Times quotes National Association of Realtor cheerleader Lawrence Yun. As if he were an objective source of real estate information.

Meanwhile, Lawrence Yun is now a laughing stock according to this reporter for the Los Angeles Times:

http://latimesblogs.latimes.com/laland/2007/06/realtors-blame-.html

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]]> By: kpomhttp://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17210 kpom Tue, 10 Jul 2007 22:49:32 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17210 “that’s why there are twice as many on the market in downtown Seattle as there were last year. cuz they’re selling themselves.”

And, according to one Realtor’s blog, the median price of downtown/Belltown condos went up all of 2.04% between May 2006 and May 2007.

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]]> By: deejayohhttp://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17209 deejayoh Tue, 10 Jul 2007 22:38:07 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17209 <blockquote>Condos sell themselves</blockquote>that's why there are twice as many on the market in downtown Seattle as there were last year. cuz they're selling themselves.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('17209','deejayoh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('17209','deejayoh','<blockquote>Condos sell themselves<\/blockquote>\r\n\r\nthat\'s why there are twice as many on the market in downtown Seattle as there were last year. cuz they\'re selling themselves.',''); return false;">Quote</a></div>

Condos sell themselves

that’s why there are twice as many on the market in downtown Seattle as there were last year. cuz they’re selling themselves.

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]]> By: The Timhttp://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17207 The Tim Tue, 10 Jul 2007 20:20:16 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17207 Brian,Yes, it is an error. See <a href="http://seattlebubble.com/forum/viewtopic.php?t=447#3079" rel="nofollow">this discussion in the forums</a>.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('17207','The Tim',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('17207','The Tim','Brian,\r\n\r\nYes, it is an error. See <a href=\"http:\/\/seattlebubble.com\/forum\/viewtopic.php?t=447#3079\" rel=\"nofollow\">this discussion in the forums<\/a>.',''); return false;">Quote</a></div> Brian,

Yes, it is an error. See this discussion in the forums.

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]]> By: Brianhttp://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17206 Brian Tue, 10 Jul 2007 20:16:02 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17206 <p>Just curious about the latest data - must be an error?<br /> <a href="http://www.housingtracker.net/old_housingtracker/location/Washington/Seattle/?state=Washington&city=Seattle" rel="nofollow">HousingTracker: Seattle, WA</a></p> <div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('17206','Brian',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('17206','Brian','<p>Just curious about the latest data - must be an error?<br \/>\r\n<a href=\"http:\/\/www.housingtracker.net\/old_housingtracker\/location\/Washington\/Seattle\/?state=Washington&city=Seattle\" rel=\"nofollow\">HousingTracker: Seattle, WA<\/a><\/p>\r\n',''); return false;">Quote</a></div> Just curious about the latest data – must be an error?
HousingTracker: Seattle, WA

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]]> By: Financehttp://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17205 Finance Tue, 10 Jul 2007 20:12:05 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17205 EconE - Condos sell themselves...however I do believe that the median does matter to some extent, since those buying say "wow I bought mine cheaper than avg" (which isnt the same thing).<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('17205','Finance',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('17205','Finance','EconE - Condos sell themselves...however I do believe that the median does matter to some extent, since those buying say \"wow I bought mine cheaper than avg\" (which isnt the same thing).',''); return false;">Quote</a></div> EconE – Condos sell themselves…however I do believe that the median does matter to some extent, since those buying say “wow I bought mine cheaper than avg” (which isnt the same thing).
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]]> By: EconEhttp://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17204 EconE Tue, 10 Jul 2007 19:59:50 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17204 I don't think that that median condo price is gonna help sell all these new downtown condos.JMO<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('17204','EconE',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('17204','EconE','I don\'t think that that median condo price is gonna help sell all these new downtown condos.\r\n\r\nJMO',''); return false;">Quote</a></div> I don’t think that that median condo price is gonna help sell all these new downtown condos.

JMO

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]]> By: The Timhttp://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17201 The Tim Tue, 10 Jul 2007 19:25:11 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17201 The "permanent" link to the recaps and breakout pdfs is <a href="http://www.nwmls.com/discover/nwreporter.cfm?SectionListsID=25&PageID=3865" rel="nofollow">on this page</a>.The more detailed pdfs have been obfuscated.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('17201','The Tim',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('17201','The Tim','The \"permanent\" link to the recaps and breakout pdfs is <a href=\"http:\/\/www.nwmls.com\/discover\/nwreporter.cfm?SectionListsID=25&PageID=3865\" rel=\"nofollow\">on this page<\/a>.\r\n\r\nThe more detailed pdfs have been obfuscated.',''); return false;">Quote</a></div> The “permanent” link to the recaps and breakout pdfs is on this page.

The more detailed pdfs have been obfuscated.

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]]> By: Jessehttp://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17198 Jesse Tue, 10 Jul 2007 18:51:08 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17198 Indeed deejayoh... i'd love to get access to the June breakouts. If anyone comes across a link please post it.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('17198','Jesse',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('17198','Jesse','Indeed deejayoh... i\'d love to get access to the June breakouts. If anyone comes across a link please post it.',''); return false;">Quote</a></div> Indeed deejayoh… i’d love to get access to the June breakouts. If anyone comes across a link please post it.
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]]> By: deejayohhttp://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17196 deejayoh Tue, 10 Jul 2007 18:19:34 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17196 It's interesting how the NWMLS has gotten all sneaky about access to their reports all of the sudden. They've started hiding the links, they removed them from their press reports, etc.I think their getting nervous. It's harder and harder to spin the story with everything getting dissected in the blogosphere.Thanks to Tim for helping keep them honest<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('17196','deejayoh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('17196','deejayoh','It\'s interesting how the NWMLS has gotten all sneaky about access to their reports all of the sudden. They\'ve started hiding the links, they removed them from their press reports, etc. \r\n\r\nI think their getting nervous. It\'s harder and harder to spin the story with everything getting dissected in the blogosphere.\r\n\r\nThanks to Tim for helping keep them honest',''); return false;">Quote</a></div> It’s interesting how the NWMLS has gotten all sneaky about access to their reports all of the sudden. They’ve started hiding the links, they removed them from their press reports, etc.

I think their getting nervous. It’s harder and harder to spin the story with everything getting dissected in the blogosphere.

Thanks to Tim for helping keep them honest

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]]> By: Matthewhttp://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17194 Matthew Tue, 10 Jul 2007 17:56:21 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17194 "Psychological factors are currently the biggest drag on the housing market . . ."When the price goes UP, it's fundamentals. When the price goes DOWN it's psychology!<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('17194','Matthew',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('17194','Matthew','\"Psychological factors are currently the biggest drag on the housing market . . .\"\r\n\r\nWhen the price goes UP, it\'s fundamentals. When the price goes DOWN it\'s psychology!',''); return false;">Quote</a></div> “Psychological factors are currently the biggest drag on the housing market . . .”

When the price goes UP, it’s fundamentals. When the price goes DOWN it’s psychology!

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]]> By: Joelhttp://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17193 Joel Tue, 10 Jul 2007 17:51:38 +0000 http://seattlebubble.com/blog/2007/07/10/june-reporting-roundup/#comment-17193 <blockquote>Psychological factors are currently the biggest drag on the housing market . . .</blockquote>Oh really? I would've pegged unaffordability as the biggest drag on the market. But then again, homes aren't bought with money, they're bought with leverage.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('17193','Joel',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('17193','Joel','<blockquote>Psychological factors are currently the biggest drag on the housing market . . .<\/blockquote>\r\n\r\nOh really? I would\'ve pegged unaffordability as the biggest drag on the market. But then again, homes aren\'t bought with money, they\'re bought with leverage.',''); return false;">Quote</a></div>

Psychological factors are currently the biggest drag on the housing market . . .

Oh really? I would’ve pegged unaffordability as the biggest drag on the market. But then again, homes aren’t bought with money, they’re bought with leverage.

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