Comments on: A surge in “pent-up supply”? http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/ News & discussion about real estate & the housing bubble in the Seattle area. Sat, 21 Nov 2009 10:02:55 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: biliruben http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53378 biliruben Thu, 31 Jul 2008 17:54:47 +0000 http://seattlebubble.com/blog/?p=2270#comment-53378 Yeah, I noticed the FSBO tsunami too this morning. I also noticed a few that need to into the comp-killer thread.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53378','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53378','biliruben','Yeah, I noticed the FSBO tsunami too this morning. \r\n\r\nI also noticed a few that need to into the comp-killer thread.',''); return false;">Quote</a></div> Yeah, I noticed the FSBO tsunami too this morning.

I also noticed a few that need to into the comp-killer thread.

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]]> By: EconE http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53377 EconE Thu, 31 Jul 2008 17:22:04 +0000 http://seattlebubble.com/blog/?p=2270#comment-53377 OT... we need a Spammer cleanup in the forums. User jim_lee<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53377','EconE',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53377','EconE','OT...\r\n\r\nwe need a Spammer cleanup in the forums. User jim_lee',''); return false;">Quote</a></div> OT…

we need a Spammer cleanup in the forums. User jim_lee

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]]> By: deejayoh http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53376 deejayoh Thu, 31 Jul 2008 16:39:30 +0000 http://seattlebubble.com/blog/?p=2270#comment-53376 just as I thought - I clicked through a bunch of the new FSBO listings and they are all sourced "<i>ByOwnerHomesAndLand via Oodle</i>". Must be a new data source that Redfin acquired via Oodle. they have had the Oodle listings on there for a while, but not so many as showed up today.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53376','deejayoh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53376','deejayoh','just as I thought - I clicked through a bunch of the new FSBO listings and they are all sourced \"<i>ByOwnerHomesAndLand via Oodle<\/i>\". Must be a new data source that Redfin acquired via Oodle. they have had the Oodle listings on there for a while, but not so many as showed up today.',''); return false;">Quote</a></div> just as I thought – I clicked through a bunch of the new FSBO listings and they are all sourced “ByOwnerHomesAndLand via Oodle“. Must be a new data source that Redfin acquired via Oodle. they have had the Oodle listings on there for a while, but not so many as showed up today.
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]]> By: deejayoh http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53375 deejayoh Thu, 31 Jul 2008 16:36:04 +0000 http://seattlebubble.com/blog/?p=2270#comment-53375 I suspect the huge number of FSBO's added today is a new Redfin feature or data feed. there were only a handful in the listings I looked at yesterday. Not so many red dots I note that there are only 58 new MLS listings in Seattle this morning (out of 170 total! The rest are FSBO)<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53375','deejayoh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53375','deejayoh','I suspect the huge number of FSBO\'s added today is a new Redfin feature or data feed. there were only a handful in the listings I looked at yesterday. Not so many red dots\r\n\r\nI note that there are only 58 new MLS listings in Seattle this morning (out of 170 total! The rest are FSBO)',''); return false;">Quote</a></div> I suspect the huge number of FSBO’s added today is a new Redfin feature or data feed. there were only a handful in the listings I looked at yesterday. Not so many red dots

I note that there are only 58 new MLS listings in Seattle this morning (out of 170 total! The rest are FSBO)

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]]> By: DavidB http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53374 DavidB Thu, 31 Jul 2008 16:27:08 +0000 http://seattlebubble.com/blog/?p=2270#comment-53374 Maybe sellers are optimistic that the new housing bill will help spur demand for housing.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53374','DavidB',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53374','DavidB','Maybe sellers are optimistic that the new housing bill will help spur demand for housing.',''); return false;">Quote</a></div> Maybe sellers are optimistic that the new housing bill will help spur demand for housing.
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]]> By: Buceri http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53373 Buceri Thu, 31 Jul 2008 16:26:33 +0000 http://seattlebubble.com/blog/?p=2270#comment-53373 Not sure if this is relevant, but I did a New Listings search on Redfin this morning, and it seems like there are way more FSBO listings this morning than I normally see in areas like Ballard, Cap Hill, Ravenna, Green Lake…

Correct; this is the “my home is not selling because the realtor is bad” stage (denial). The home gets pulled out and goes back on as a FSBO.

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]]> By: DavidB http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53372 DavidB Thu, 31 Jul 2008 16:25:24 +0000 http://seattlebubble.com/blog/?p=2270#comment-53372 I noticed a lot of "for sale by owner" listings that just appeared on Redfin yesterday for the Seattle area. I've never noticed so many of these listings before especially all posted the same day.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53372','DavidB',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53372','DavidB','I noticed a lot of \"for sale by owner\" listings that just appeared on Redfin yesterday for the Seattle area. I\'ve never noticed so many of these listings before especially all posted the same day.',''); return false;">Quote</a></div> I noticed a lot of “for sale by owner” listings that just appeared on Redfin yesterday for the Seattle area. I’ve never noticed so many of these listings before especially all posted the same day.
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]]> By: Buceri http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53371 Buceri Thu, 31 Jul 2008 16:20:54 +0000 http://seattlebubble.com/blog/?p=2270#comment-53371 Good anecdote - This family relocated from Florida to Seattle for a job transfer (exec. in well known builder) last February. A family member of mine in FL flew the young child of the executive to FL to spend 2 weeks with her son. I asked her to please ask how things were going in Seattle next time she spoke with the wife of the executive. Last Saturday, I saw the kid and I asked him straight out: "how's your dad?". he replied: "oh, stressed. WA is seeing the slow down that Florida had a couple of years ago" (based on his age, he was obviously repeating dinner table talk). Ten minutes later my family member tells me: "Oh I spoke with her; she says things are fine and selling xxxxx homes per month, and prices are going up." I found it extremely funny. Guess who I believe.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53371','Buceri',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53371','Buceri','Good anecdote - \r\n\r\nThis family relocated from Florida to Seattle for a job transfer (exec. in well known builder) last February.\r\n\r\nA family member of mine in FL flew the young child of the executive to FL to spend 2 weeks with her son. I asked her to please ask how things were going in Seattle next time she spoke with the wife of the executive. Last Saturday, I saw the kid and I asked him straight out: \"how\'s your dad?\". he replied: \"oh, stressed. WA is seeing the slow down that Florida had a couple of years ago\" (based on his age, he was obviously repeating dinner table talk). Ten minutes later my family member tells me: \"Oh I spoke with her; she says things are fine and selling xxxxx homes per month, and prices are going up.\"\r\n\r\nI found it extremely funny. Guess who I believe.',''); return false;">Quote</a></div> Good anecdote –

This family relocated from Florida to Seattle for a job transfer (exec. in well known builder) last February.

A family member of mine in FL flew the young child of the executive to FL to spend 2 weeks with her son. I asked her to please ask how things were going in Seattle next time she spoke with the wife of the executive. Last Saturday, I saw the kid and I asked him straight out: “how’s your dad?”. he replied: “oh, stressed. WA is seeing the slow down that Florida had a couple of years ago” (based on his age, he was obviously repeating dinner table talk). Ten minutes later my family member tells me: “Oh I spoke with her; she says things are fine and selling xxxxx homes per month, and prices are going up.”

I found it extremely funny. Guess who I believe.

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]]> By: cheapseats http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53370 cheapseats Thu, 31 Jul 2008 16:14:00 +0000 http://seattlebubble.com/blog/?p=2270#comment-53370 I noticed the same FSBO thing this morning. There appear to be significantly more than normally show up in the new listings for the greater Seattle area. Where is Ray P?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53370','cheapseats',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53370','cheapseats','I noticed the same FSBO thing this morning. There appear to be significantly more than normally show up in the new listings for the greater Seattle area. Where is Ray P?',''); return false;">Quote</a></div> I noticed the same FSBO thing this morning. There appear to be significantly more than normally show up in the new listings for the greater Seattle area. Where is Ray P?
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]]> By: sf_boomerang http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53369 sf_boomerang Thu, 31 Jul 2008 15:54:36 +0000 http://seattlebubble.com/blog/?p=2270#comment-53369 Speaking of inventory... Not sure if this is relevant, but I did a New Listings search on Redfin this morning, and it seems like there are way more FSBO listings this morning than I normally see in areas like Ballard, Cap Hill, Ravenna, Green Lake... Am I seeing things?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53369','sf_boomerang',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53369','sf_boomerang','Speaking of inventory...\r\n\r\nNot sure if this is relevant, but I did a New Listings search on Redfin this morning, and it seems like there are way more FSBO listings this morning than I normally see in areas like Ballard, Cap Hill, Ravenna, Green Lake...\r\n\r\nAm I seeing things?',''); return false;">Quote</a></div> Speaking of inventory…

Not sure if this is relevant, but I did a New Listings search on Redfin this morning, and it seems like there are way more FSBO listings this morning than I normally see in areas like Ballard, Cap Hill, Ravenna, Green Lake…

Am I seeing things?

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]]> By: Sniglet http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53368 Sniglet Thu, 31 Jul 2008 15:44:25 +0000 http://seattlebubble.com/blog/?p=2270#comment-53368 <blockquote>how many other companies are laying-off that may not be news worthy?</blockquote> As the global recession kicks in during 2009, I expect to see virtually EVERY major employer in the Seattle area either institute hiring freezes, or announce out-and-out lay offs. Boeing is already seeing customers trying to cancel up to a third of outstanding orders (as airlines are struggling for financial survival), and this is only the tip of the iceberg. As the global economies contract, we will see demand destruction everywhere. Lower IT budgets, fewer PC sales, retailers hurt (just look at all the bankruptcies already), etc. I can't think of a single major Seattle area employer that won't wind up shedding jobs. I recall how quickly things went from boom to bust in Silicon Valley when I lived there in the '90s. One year Sun Microsystems was the king of the world, building shiny new campuses, and the next year they were laying off staff by the bus-load. Change can come much more swiftly than we realize...<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53368','Sniglet',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53368','Sniglet','<blockquote>how many other companies are laying-off that may not be news worthy?<\/blockquote>\r\n\r\nAs the global recession kicks in during 2009, I expect to see virtually EVERY major employer in the Seattle area either institute hiring freezes, or announce out-and-out lay offs. Boeing is already seeing customers trying to cancel up to a third of outstanding orders (as airlines are struggling for financial survival), and this is only the tip of the iceberg.\r\n\r\nAs the global economies contract, we will see demand destruction everywhere. Lower IT budgets, fewer PC sales, retailers hurt (just look at all the bankruptcies already), etc. I can\'t think of a single major Seattle area employer that won\'t wind up shedding jobs.\r\n\r\nI recall how quickly things went from boom to bust in Silicon Valley when I lived there in the \'90s. One year Sun Microsystems was the king of the world, building shiny new campuses, and the next year they were laying off staff by the bus-load. Change can come much more swiftly than we realize...',''); return false;">Quote</a></div>

how many other companies are laying-off that may not be news worthy?

As the global recession kicks in during 2009, I expect to see virtually EVERY major employer in the Seattle area either institute hiring freezes, or announce out-and-out lay offs. Boeing is already seeing customers trying to cancel up to a third of outstanding orders (as airlines are struggling for financial survival), and this is only the tip of the iceberg.

As the global economies contract, we will see demand destruction everywhere. Lower IT budgets, fewer PC sales, retailers hurt (just look at all the bankruptcies already), etc. I can’t think of a single major Seattle area employer that won’t wind up shedding jobs.

I recall how quickly things went from boom to bust in Silicon Valley when I lived there in the ’90s. One year Sun Microsystems was the king of the world, building shiny new campuses, and the next year they were laying off staff by the bus-load. Change can come much more swiftly than we realize…

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]]> By: AndySeattle http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53367 AndySeattle Thu, 31 Jul 2008 15:17:58 +0000 http://seattlebubble.com/blog/?p=2270#comment-53367 <b>Andre said:</b> <i>What about recent and more to come layoffs at WaMu and Starbucks?</i> Between this and the housing bill I think this could be one of the causes. Also, how many other companies are laying-off that may not be news worthy?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53367','AndySeattle',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53367','AndySeattle','<b>Andre said:<\/b>\r\n<i>What about recent and more to come layoffs at WaMu and Starbucks?<\/i>\r\n\r\nBetween this and the housing bill I think this could be one of the causes. Also, how many other companies are laying-off that may not be news worthy?',''); return false;">Quote</a></div> Andre said:
What about recent and more to come layoffs at WaMu and Starbucks?

Between this and the housing bill I think this could be one of the causes. Also, how many other companies are laying-off that may not be news worthy?

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]]> By: Buceri http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53365 Buceri Thu, 31 Jul 2008 11:36:16 +0000 http://seattlebubble.com/blog/?p=2270#comment-53365 Pegasus Every so often we see this type of huge drop in early morning. Obviously; someone at the MLS is messing around with the numbers. We have not recovered to the 13400 units from last Monday. And tomorrow is the 1st of the month; which means tonight there will be another deep cleansing. We could drop to 12500 or less.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53365','Buceri',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53365','Buceri','Pegasus\r\n\r\nEvery so often we see this type of huge drop in early morning. Obviously; someone at the MLS is messing around with the numbers.\r\n\r\nWe have not recovered to the 13400 units from last Monday. And tomorrow is the 1st of the month; which means tonight there will be another deep cleansing. We could drop to 12500 or less.',''); return false;">Quote</a></div> Pegasus

Every so often we see this type of huge drop in early morning. Obviously; someone at the MLS is messing around with the numbers.

We have not recovered to the 13400 units from last Monday. And tomorrow is the 1st of the month; which means tonight there will be another deep cleansing. We could drop to 12500 or less.

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]]> By: Scotsman http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53364 Scotsman Thu, 31 Jul 2008 08:16:52 +0000 http://seattlebubble.com/blog/?p=2270#comment-53364 Nothing new out here in the country, no new "for sale," no recent price reductions. There have been a few expired listings, and one that was FSBO listed. Guess we'll have to give it a few more days and see if the trend continues, sort of a last blast of summer...<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53364','Scotsman',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53364','Scotsman','Nothing new out here in the country, no new \"for sale,\" no recent price reductions. There have been a few expired listings, and one that was FSBO listed. Guess we\'ll have to give it a few more days and see if the trend continues, sort of a last blast of summer...',''); return false;">Quote</a></div> Nothing new out here in the country, no new “for sale,” no recent price reductions. There have been a few expired listings, and one that was FSBO listed. Guess we’ll have to give it a few more days and see if the trend continues, sort of a last blast of summer…
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]]> By: Pickles McGraw http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53362 Pickles McGraw Thu, 31 Jul 2008 06:43:07 +0000 http://seattlebubble.com/blog/?p=2270#comment-53362 I check redfin daily with the "show <2 days" filter on. In the last couple days there has been a huge influx of FSBOs, perhaps redfin is indexing a new source of these?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53362','Pickles McGraw',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53362','Pickles McGraw','I check redfin daily with the \"show <2 days\" filter on. In the last couple days there has been a huge influx of FSBOs, perhaps redfin is indexing a new source of these?',''); return false;">Quote</a></div> I check redfin daily with the “show <2 days” filter on. In the last couple days there has been a huge influx of FSBOs, perhaps redfin is indexing a new source of these?
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]]> By: victorchai http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53361 victorchai Thu, 31 Jul 2008 05:36:07 +0000 http://seattlebubble.com/blog/?p=2270#comment-53361 Here are the numbers that concern me…….

07.28.2008 16:00 13493 13719
07.28.2008 17:00 13487 13704
07.28.2008 18:00 12809 13704
07.28.2008 19:00 12809 13715

Anyone to explain this for King County?
——————————————————————————-
some 1 bought nearly 700 houses in 1 hour….
That was a easy 1…
any Q?

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]]> By: Pegasus http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53360 Pegasus Thu, 31 Jul 2008 05:27:54 +0000 http://seattlebubble.com/blog/?p=2270#comment-53360 Here are the numbers that concern me....... 07.28.2008 16:00 13493 13719 07.28.2008 17:00 13487 13704 07.28.2008 18:00 12809 13704 07.28.2008 19:00 12809 13715 Anyone to explain this for King County?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53360','Pegasus',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53360','Pegasus','Here are the numbers that concern me.......\r\n\r\n07.28.2008 16:00 13493 13719 \r\n07.28.2008 17:00 13487 13704 \r\n07.28.2008 18:00 12809 13704 \r\n07.28.2008 19:00 12809 13715 \r\n\r\nAnyone to explain this for King County?',''); return false;">Quote</a></div> Here are the numbers that concern me…….

07.28.2008 16:00 13493 13719
07.28.2008 17:00 13487 13704
07.28.2008 18:00 12809 13704
07.28.2008 19:00 12809 13715

Anyone to explain this for King County?

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]]> By: Ken Mott http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53359 Ken Mott Thu, 31 Jul 2008 03:20:06 +0000 http://seattlebubble.com/blog/?p=2270#comment-53359 Man #3 for sure. Do you have any data about other end of months. If its not the same, definitely the housing bill.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53359','Ken Mott',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53359','Ken Mott','Man #3 for sure. Do you have any data about other end of months. If its not the same, definitely the housing bill.',''); return false;">Quote</a></div> Man #3 for sure. Do you have any data about other end of months. If its not the same, definitely the housing bill.
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]]> By: deejayoh http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53358 deejayoh Thu, 31 Jul 2008 03:17:46 +0000 http://seattlebubble.com/blog/?p=2270#comment-53358

It could also be pendings falling through at the end of the month. Aren’t pendings listings being taken out of the count these days?

Maybe that big drop off in inventory yesterday was a purge of a bunch of old listings, but some were incorrectly removed, so they had to be re-entered.

I would think they’d have shown up with “date listed” as their original date, not as yesterday

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]]> By: geon http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53357 geon Thu, 31 Jul 2008 02:54:16 +0000 http://seattlebubble.com/blog/?p=2270#comment-53357 I'm not seeing a surge of new listing in the area I'm watching, but have seen a lot of cancelled listings. Now, I'll watch to see if they relist in the next couple of days. I know of at least a half a dozen or more house that have been sitting on the market for 6 months to over a year. The area SW King Co, Three Tree Point, Normandy Park, Des Moines.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53357','geon',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53357','geon','I\'m not seeing a surge of new listing in the area I\'m watching, but have seen a lot of cancelled listings. Now, I\'ll watch to see if they relist in the next couple of days. I know of at least a half a dozen or more house that have been sitting on the market for 6 months to over a year. The area SW King Co, Three Tree Point, Normandy Park, Des Moines.',''); return false;">Quote</a></div> I’m not seeing a surge of new listing in the area I’m watching, but have seen a lot of cancelled listings. Now, I’ll watch to see if they relist in the next couple of days. I know of at least a half a dozen or more house that have been sitting on the market for 6 months to over a year. The area SW King Co, Three Tree Point, Normandy Park, Des Moines.
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]]> By: Primetime http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53356 Primetime Thu, 31 Jul 2008 02:53:34 +0000 http://seattlebubble.com/blog/?p=2270#comment-53356 Maybe Redfin hired a few old Indymac employees.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53356','Primetime',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53356','Primetime','Maybe Redfin hired a few old Indymac employees.',''); return false;">Quote</a></div> Maybe Redfin hired a few old Indymac employees.
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]]> By: Andre http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53355 Andre Thu, 31 Jul 2008 02:35:18 +0000 http://seattlebubble.com/blog/?p=2270#comment-53355 What about recent and more to come layoffs at WaMu and Starbucks?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53355','Andre',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53355','Andre','What about recent and more to come layoffs at WaMu and Starbucks?',''); return false;">Quote</a></div> What about recent and more to come layoffs at WaMu and Starbucks?
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]]> By: jon http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53353 jon Thu, 31 Jul 2008 01:32:57 +0000 http://seattlebubble.com/blog/?p=2270#comment-53353 Maybe that big drop off in inventory yesterday was a purge of a bunch of old listings, but some were incorrectly removed, so they had to be re-entered.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53353','jon',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53353','jon','Maybe that big drop off in inventory yesterday was a purge of a bunch of old listings, but some were incorrectly removed, so they had to be re-entered.',''); return false;">Quote</a></div> Maybe that big drop off in inventory yesterday was a purge of a bunch of old listings, but some were incorrectly removed, so they had to be re-entered.
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]]> By: Alan http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53352 Alan Thu, 31 Jul 2008 01:18:04 +0000 http://seattlebubble.com/blog/?p=2270#comment-53352 It could also be pendings falling through at the end of the month. Aren't pendings listings being taken out of the count these days?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53352','Alan',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53352','Alan','It could also be pendings falling through at the end of the month. Aren\'t pendings listings being taken out of the count these days?',''); return false;">Quote</a></div> It could also be pendings falling through at the end of the month. Aren’t pendings listings being taken out of the count these days?
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]]> By: Alan http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53351 Alan Thu, 31 Jul 2008 01:17:26 +0000 http://seattlebubble.com/blog/?p=2270#comment-53351 Conspiracy!!! The MLS has been pushing articles promoting "pent up demand" while delaying listings in an attemp to break the "media created" slump in sales. But they couldn't hold back forever and they just gave up that tactic. (either that or a glitch in the system that replicates and distributes the listings)<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53351','Alan',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53351','Alan','Conspiracy!!!\r\n\r\nThe MLS has been pushing articles promoting \"pent up demand\" while delaying listings in an attemp to break the \"media created\" slump in sales. But they couldn\'t hold back forever and they just gave up that tactic.\r\n\r\n(either that or a glitch in the system that replicates and distributes the listings)',''); return false;">Quote</a></div> Conspiracy!!!

The MLS has been pushing articles promoting “pent up demand” while delaying listings in an attemp to break the “media created” slump in sales. But they couldn’t hold back forever and they just gave up that tactic.

(either that or a glitch in the system that replicates and distributes the listings)

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]]> By: John http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53349 John Thu, 31 Jul 2008 00:33:40 +0000 http://seattlebubble.com/blog/?p=2270#comment-53349 Maybe a few people underwater actually read the bailout and realized: ...that second investment home doesn't qualify ...the fairly low salary cuttoff ...the giving up half profits on any sale, forever ...the 2 year must hold rule ...the continuing decline in prices ...the writing on the wall This is of course assuming they suddenly decided to read something.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53349','John',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53349','John','Maybe a few people underwater actually read the bailout and realized:\r\n\r\n...that second investment home doesn\'t qualify\r\n...the fairly low salary cuttoff\r\n...the giving up half profits on any sale, forever\r\n...the 2 year must hold rule\r\n...the continuing decline in prices\r\n...the writing on the wall\r\n\r\nThis is of course assuming they suddenly decided to read something.',''); return false;">Quote</a></div> Maybe a few people underwater actually read the bailout and realized:

…that second investment home doesn’t qualify
…the fairly low salary cuttoff
…the giving up half profits on any sale, forever
…the 2 year must hold rule
…the continuing decline in prices
…the writing on the wall

This is of course assuming they suddenly decided to read something.

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]]> By: Keith http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53348 Keith Thu, 31 Jul 2008 00:33:11 +0000 http://seattlebubble.com/blog/?p=2270#comment-53348 Uh, tomorrow is actually the "last day of the month".<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53348','Keith',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53348','Keith','Uh, tomorrow is actually the \"last day of the month\".',''); return false;">Quote</a></div> Uh, tomorrow is actually the “last day of the month”.
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]]> By: Greg Perry http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53347 Greg Perry Thu, 31 Jul 2008 00:31:21 +0000 http://seattlebubble.com/blog/?p=2270#comment-53347 It just simply a conspiracy to confuse the masses.......<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53347','Greg Perry',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53347','Greg Perry','It just simply a conspiracy to confuse the masses.......',''); return false;">Quote</a></div> It just simply a conspiracy to confuse the masses…….
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]]> By: Pegasus http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53346 Pegasus Thu, 31 Jul 2008 00:31:17 +0000 http://seattlebubble.com/blog/?p=2270#comment-53346 I don't know if this has anything to do with it but a few days ago the inventory dropped about 600 in King Co. in one hour. This happened about a year ago with a much larger drop over more time. I never did find out what happened but it looked like someone was touching up the figures. Perhaps someone who is more knowledgable can explain it?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53346','Pegasus',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53346','Pegasus','I don\'t know if this has anything to do with it but a few days ago the inventory dropped about 600 in King Co. in one hour. This happened about a year ago with a much larger drop over more time. I never did find out what happened but it looked like someone was touching up the figures. Perhaps someone who is more knowledgable can explain it?',''); return false;">Quote</a></div> I don’t know if this has anything to do with it but a few days ago the inventory dropped about 600 in King Co. in one hour. This happened about a year ago with a much larger drop over more time. I never did find out what happened but it looked like someone was touching up the figures. Perhaps someone who is more knowledgable can explain it?
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]]> By: victorchai http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53345 victorchai Thu, 31 Jul 2008 00:17:26 +0000 http://seattlebubble.com/blog/?p=2270#comment-53345 maybe some Dot com company just laid off 108 ppl?! ....NO?.... Come on, that was my best guess....<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53345','victorchai',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53345','victorchai','maybe some Dot com company just laid off 108 ppl?! ....NO?....\r\nCome on, that was my best guess....',''); return false;">Quote</a></div> maybe some Dot com company just laid off 108 ppl?! ….NO?….
Come on, that was my best guess….
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]]> By: johnsgonefishin http://seattlebubble.com/blog/2008/07/30/a-surge-in-pent-up-supply/#comment-53344 johnsgonefishin Thu, 31 Jul 2008 00:13:52 +0000 http://seattlebubble.com/blog/?p=2270#comment-53344 108 people just woke up and realized the better try and get what they can for the house before record price declines.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('53344','johnsgonefishin',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('53344','johnsgonefishin','108 people just woke up and realized the better try and get what they can for the house before record price declines.',''); return false;">Quote</a></div> 108 people just woke up and realized the better try and get what they can for the house before record price declines.
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