Home Sale Up Because of Declining Prices

A series of very similar headlines caught my attention today: Wall Street Journal: Home Sales Climb But Prices Decline CBS News: Home sales up, but housing prices continue to fall nationwide The Real Deal: U.S. existing home sales rise slightly, but prices fall Chicago Tribune: Local existing home sales up double-digits in October, but prices […]

Don’t List Your Home on a Weekend!

Full disclosure: The Tim is employed by Redfin. I just posted the findings below to the Redfin blog, and thought they would be worth sharing here. I’ve been spending some time at work digging into sales data to figure out if there are any significant differences in listing performance correlated with what day of the […]

Conforming Loan Limit Changes to Hit Eastside Hardest

Full disclosure: The Tim is employed by Redfin. Yesterday over on the Redfin blog, I dug a little deeper into the conforming loan limit changes, pulling detailed sales data from all around the country by zip code to see which areas would be most affected by the change. The result was another Google FusionTables zip […]

How Much of the Seattle-Area Market Will be Affected by New Conforming Loan Limits?

There’s been a bit of talk in some circles about how new, lower “high balance conforming loan limits” that go into effect on October 1st going to somehow dramatically affect the local housing market (presumably in a bad way). In order to get a sense of scope on how many sales might be affected by […]

The Problem with Real Estate Reporting

I was browsing Google News this morning and came across the headline combo you see below: What a perfect example of the problem with most real estate reporting. Same data, polar opposite headlines. Reporters telling the story they want to tell, regardless of what is actually going on in the market. So did pending sales […]

Friday Flashback: “The era of record-low rates is over.”

Heh, remember this piece from April of last year? Homebuyers scramble as mortgage rates jump The era of record-low mortgage rates is over. The average rate on a 30-year loan has jumped from about 5 percent to more than 5.3 percent in just the past week. As mortgages get more expensive, more would-be homeowners are […]

REO Roundup: The Long, Slow Path to Market Clearing

A handful of non-number-based stories about foreclosures have popped up lately that I thought might be interesting to highlight here for discussion. First up, Diana Olick with CNBC: Vacant Homes Will Drown Housing Recovery A real estate source I knew recently told me about a guy he knows in Atlanta who has been hired by […]