Please vote in this poll using the sidebar.
What's your February KC SFH Sales Prediction (2007: 2,375)?
- Down 50% or more (<1,188) (6%, 11 Votes)
- Down 30-50% (1,188-1,662) (35%, 69 Votes)
- Down 15-30% (1,663-2,019) (28%, 55 Votes)
- Down 0-15% (2,020-2,375) (26%, 51 Votes)
- Up 0-15% (2,376-2,731) (5%, 12 Votes)
Total Voters: 198
This poll will be active and displayed on the sidebar through 03.01.2008.
Alan » Feb 24, 2008 at 10:23 pm
I think the super low mortgage rates available this month are going to give February a boost.
S-Crow » Feb 25, 2008 at 7:57 am
Agreed Alan. I’ve watched some properties that have been on the market for well over a year and they have sold signs up.
deejayoh » Feb 25, 2008 at 9:36 am
not sure that makes sense to me Rates have been moving up all montha and are higher than they were in January.
http://www.bankrate.com/brm/graphs/graph_trend.asp?tf=91&ct=Line&prods=1&gs=275,250&st=WA&c3d=False&web=brm&cc=1&prodtype=M&bgcolor=&topgap=&bottomgap=&rightgap=&leftgap=&seriescolor=
deejayoh » Feb 25, 2008 at 9:58 am
oh – and FWIW, Ardell is reporting over on RCG that sales are off 32% vs last Feb. If that’s accurate, then sales would be ~1600. IIRC, her stats are a bit different than how they are defined by NWMLS – but it’s useful info nonetheless.
http://www.raincityguide.com/2008/02/24/sunday-night-stats-3/
singliac » Feb 25, 2008 at 10:48 am
I think it’s supposed to say <1188
Alan » Feb 25, 2008 at 11:09 am
A few weeks ago, Rhonda P. was posting on RCG that 30 fixed was available below 5%.
http://www.raincityguide.com/2008/01/24/lock-it-or-lose-it/
Oh, I guess that was at the end of January.
I wonder how many of the sales from that dip will bleed into February.
Ira Sacharoff » Feb 25, 2008 at 11:17 am
Alan,
i’m not sure that the 5% interest rate resulted in much of an increase in sales at all,, but from what my escrow pals tell me, it did result in a helluva lot of refinances.
The Tim » Feb 25, 2008 at 11:20 am
Doh, you’re right. Fixed.
The Tim » Mar 10, 2008 at 1:18 pm
Looks like Seattle Bubble’s hive mind guessed the correct range. Final sales came in at 1,609, down 32%.
deejayoh » Mar 10, 2008 at 2:52 pm
Wow. Per my comment in #4, score one for Ardell!