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. Of course, we’ve got still more bottom-calling as well, so that’s fun.
Also, Seattle Bubble gets yet another mention on TV.
Chris Ingalls, KING 5 News: A tale of two first-time Seattle home buyers
Real estate agents say that now is the time to buy in Seattle, especially for first-time home buyers.
But others say the latest data on home sales in the region suggests home prices could fall even more.
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A recent report on the month of March says that home prices are stable — not dropping — and that means maybe they’ve hit the bottom.The Northwest Multiple Listing Service, sponsored by the realty industry, says housing prices have stabilized for six months — a signal of the end for falling home prices.
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But [potential first-time homebuyer Brendon] Duran isn’t convinced that the price drop is over.“I think we’re content to wait and see what happens,” he said.
Analysts outside the real estate industry aren’t either.
Seattle Bubble, a real estate blog site, uses multiple listing service data to conclude the stabilization in home prices now is seasonal and that “now is not a good time to buy a home in Seattle.”
You can watch video of this report here. It would seem that Seattle Bubble is becoming a go-to source for King 5 News on the local real estate market. It’s good to see at least one news outlet getting quotes from someone other than real estate insiders. Thanks, King 5!
Click below for the rest of this month’s reporting.
