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Month: April 2008
Big Downtown Land Deal Evaporates
Almost a year ago, a family that has accumulated ownership of 13 near-contiguous acres of downtown real estate in the Denny Triangle finally put the whole lot of it on the market. Mr. Clise is convinced now is the ideal time to sell. The job-market outlook is robust for Seattle, and the office market, with…
Home Buying Demand vs. Price Changes
In theory, there are two factors that affect the price of homes: supply and demand. We’ve looked extensively at the relationship between supply (inventory) and price in the past. Let’s take a look at the relationship between demand and price. For the purpose of this post, we will measure demand by looking at the relationship…
Some Local Home Listing Anecdotes
It’s been a while since I posted any anecdotal observations, so I think it’s time for a few. First up, the 8-unit condo/townhome complex in my neighborhood, which we have visited a few times before. Here’s the summary of the action in this complex of eight essentially identical units since 2005: September 2005: Unit #5…
Rental Market Semi-Scaremongering
Yesterday’s P-I had a big front-page story from Aubrey Cohen that seems to be at least partly designed to frighten renters and encourage landlords: Rent at an all-time high — if you can find a place “There are a lot of apartments available, but the desirable ones seem to rent very quickly,” said Kilbourne, a…