USA Today says Sept 1-24 Seattle sales are off 47%

[AmazedRenter]

Seattle IS different: it's leading the nation in September sales declines.

CITIES HAVING A BAD MONTH
In several cities, existing-home sales so far in September are off sharply from the same period last year. Some examples:

August Sept. 1-24
Seattle -18% -47%
Tucson -29% -44%
Baltimore -20% -42%
St. Louis -24% -29%
Cleveland -11% -19%

Source: Re/Max International

http://www.usatoday.com/money/economy/h ... titialskip

[EastSider]

Great news! Thanks for the post.

[laxtosnoco]

My favorite part of the article is the obligatory quote at the end from Lawrence Yun, NAR senior economist:

With sales falling for two years now, Yun says, "It's my firm view there is significant pent-up demand."

Uh-huh.

[EastSider]

[TJ_98370]

Wow! Sales are decreasing. Inventory is increasing. At the risk of belaboring the obvious, I predict that we are going to look back some day and identify the credit crunch / tightened lending standards as the major event that popped the real estate bubble -

[george]