Posted by: The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

13 responses to “Redfin: Home Sales Thaw a Bit, Prices Still Mostly Falling”

  1. ray pepper

    Buyers? Are there really any qualified out there? Personally, I think we can give 100% of our commission back, stand on the street corners naked, and I don’t think we will see an uptick in volume.

    What I do see is EVERYONE wants to buy but they are stuck with their home dangling around their necks. However, due to this recent bull-run in the markets I see more liquidity now at The Trustee Sales and people “attempting” to buy at 60% off of highs. These homes are quickly rehabbed and moved to the MLS ( lower then standing inventory is priced) causing more stress on conventional homeowners trying to unload.

    Good God! We have seen nothing yet!

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  2. Ira Sacharoff

    Ray said ” Buyers? Are there really any qualified out there? Personally, I think we can give 100% of our commission back, stand on the street corners naked, and I don’t think we will see an uptick in volume.”

    Standing on the street corner naked is only going to result in people running away from you and a call to the police :)

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  3. softwarengineer

    Seattle Home Sales Should Sky-rocket Now

    Wash St Boeing workers all got $5000 bonuses.

    http://www.bizjournals.com/seattle/morning_call/2011/01/boeing-passing-out-5000-bonuses-to.html

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  4. softwarengineer

    RE: Ira Sacharoff @ 2

    Don’t Worry

    No one will see you naked, they’re all in line filing for first time unemployment benefits:

    http://www.bloomberg.com/news/2011-01-27/initial-jobless-claims-in-u-s-rose-51-000-last-week-to-454-000.html

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  5. BubbleBuyer

    Is it just me or are the Zip codes not appearing in the popup bubbles?

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  6. Scotsman

    RE: Ira Sacharoff @ 2

    “Standing on the street corner naked is only going to result in people running away from you and a call to the police :)”

    I won’t ask how you know this- I’ll just encourage you to be more thoughtful in the future. Perhaps a different location?

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  7. Hugh Dominic

    I am a buyer waiting for decent inventory. So, there’s at least one.

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  8. Zipzippgc

    RE: Hugh Dominic @ 8 – I have a brother who is in fifties and about to pull trigger in Skagit county, with 50% down. There is two. We are miserable in cheap condo and ready with 25% down, except we are stuck on the logistics of likely having to rent it, as there is no ‘tiny box’ demand………Three buyers. There are a bunch of savers on the sidelines; many are secretly saving at fairly aggressive percentages of gross income, 20%, 40%, it eventually has to be traded into something real, like real estate.

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  9. sallybuttons

    RE: Zipzippgc @ 9 – Skagit is bananas.

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  10. chico

    RE: sallybuttons @ 11

    I got your bannana right here!

    HeHeHe!

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  11. Al

    RE: Ira Sacharoff @ 2 – Good way to depress local property values.

    Rate this comment: Thumb up 0

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