Friday Flashback: “The Market is Returning to Normal”

After mentioning how much the real estate reporting in the Seattle Times has improved, I thought it would be fun to take a look at a classic piece from November 2006, less than a year before home prices in the Seattle area peaked (emphasis mine). Home sales drop, not prices Prospective homebuyers who’ve been frustrated […]

Friday Flashback: Not a Recipe For Disaster

Here’s something I’m thankful for: That nonsense like this drivel written seven years ago by former Seattle Times real estate “reporter” Elizabeth Rhodes turned out to be totally false. Priced out: Home appreciation report This past year’s broad-based price increase is one of the largest the U.S. has seen since at least 1970, economist Stanley […]

Friday Flashback: “Give thanks that you bit the bullet”

I was just reminiscing with a friend about our old pal Elizabeth Rhodes, the Seattle Times’ former real estate reporter, when I came across this gem from July 2006, one year before Seattle homes hit their price peak, and the same month the Case-Shiller 20-city composite hit its peak: Local homes: Investments that just keep […]

Friday Flashback: “We’re Protected” from the Bubble

Here’s a gem of an article from the Seattle Times, December 2006: Looking ahead: The sky isn’t falling for the Puget Sound market What will 2007 bring? Here’s what Seattle real-estate experts are saying. … So much for any bubble bursting this year. Gardner doesn’t see that happening next year, either. “This bubble lunacy is […]

November Reporting Roundup

Let’s take some time to check out the local press’ reaction to the undeniably slow NWMLS housing market statistics for October. Once again, my favorite part of the NWMLS press release that accompanied yesterday’s numbers comes from Dick “Bottom-Calling” Beeson, NWMLS director and Windermere broker. Windermere’s Beeson, a member of the Northwest MLS board of […]

October Reporting Roundup

Let’s take some time to check out the local press’ reaction to the undeniably slow NWMLS housing market statistics for October. Here’s a blurb from the NWMLS press release that accompanied yesterday’s numbers: Housing Activity in Western Washington during October Described as "Disappointing, but Not Unexpected" Housing activity for Northwest Multiple Listing Service members was […]

Weekend News Roundup

Wow, lots of stories in the local papers this weekend about the slow housing market. Too many to post separately, so here’s a roundup of the weekend news. Let me know if I missed anything. Everett Herald: Snohomish County builders slash home prices Mike Pattison just took his own advice and bought a new home […]