Seattle Bubble

Here are a few stories from the last week or so that are worth pointing out.
First up a TV report from KOMO News: “Open House” — sign of the times in Snohomish County
Real estate agents in Snohomish County are now resorting to a “shock treatment” for slouching home sales in their area.
Realtors advertised more than [...]

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This month’s theme is “let’s scare fence-sitters by telling them that rising interest rates will eliminate any savings from falling home prices.” Let’s see how well our local papers do at driving this point home.
Read on for the this month’s roundup…

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I would have posted the reporting roundup on Saturday, but I was out of town for the weekend, and my only Internet access was dial-up (*shudder*). The tone of this month’s reporting isn’t too much different from last month, except that we’ve got a small dose of optimism thanks to a slight spring improvement. [...]

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You’ve probably heard about the foreclosure tours that are becoming common in places like Las Vegas and Sacramento. Well it looks like they have finally arrived in the Northwest.
Thurston County foreclosure notices have increased more than 50 percent in the first quarter of 2008 compared with the same period last year, prompting one real [...]

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Here comes this month’s market reporting roundup. After seven months of declining/flat prices, declining year-over-year sales in 27 of the last 28 months, and 23 straight months of an ever-increasing number of homes on the market, I think we can officially declare that the Seattle-area housing market is in a slump. Of course, [...]

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It’s time for another reporting roundup. Let’s see what the local newspapers have to say about January’s not-so-positive numbers from the NWMLS. Will they claim that the market “bottoming out” and about to jump into full recovery mode? Or maybe they have finally come to accept the fact that Seattle will not [...]

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