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Month: November 2008
Sellers in Cheaper Neighborhoods Accepting Fewer Lowball Offers
I’d like to draw your attention to a post I made earlier this week on the Redfin Sweet Digs blog: Where are buyers getting the biggest discounts? The specific portion that I believe may be of interest to Seattle Bubble readers is the following chart, which is a scatterplot of Seattle-area zip codes, with the…
Happy Thanksgiving
Happy Thanksgiving everybody. I hope you are enjoying it with family and/or friends. We’ve all got a lot to be thankful for. No post today. Consider this an open thread for any of you that are hanging around here today. Photo taken August 10, 2006
Case-Shiller Tiers: Still Falling in Sync
Let’s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. First up is the straight graph of the index from January 2000 through September 2008. Price drops accelerated slightly in September for all…
30 yr fixed around 5%
Our resources tell us phones are ringing off the hook. I’m hearing rates for purchases and refi’s are anywhere from 5.25% to 5.125% at par. Earlier this year, I sent out an APB for people who are waiting for super rates. Here they are again. Let me know off-line if you would like a reference…