Surprise, surprise—Barbara Clements of the Tacoma News Tribune reports on a slowing market in Tacoma! If your home’s taking longer to sell, you’re not alone. Home prices are still going up, even though sales have dropped dramatically when compared with 2005. And now that it’s spring – prime home-shopping weather – more for-sale signs are…
Year: 2006
"Sizzling," "Strong," "Dynamic…" "Crazy"
Now that the local press has spoken, let’s check in on yesterday’s predictions. “enthusiastic stories … cheering on the huge price gains” – check Elizabeth Rhodes, Seattle Times When million-dollar homes, traditionally the slowest to sell, start flying out the door, it’s a strong signal that the market is sizzling. Kathy Mulady, Seattle P-I Kim…
April: Inventory Up, Pending Sales Down
Breaking News: April NWMLS numbers released: King County Median home price surges to $419,500, Listings up 2%, Pending Sales down 12.5% from April ’05. Get ready for the enthusiastic stories from all the usual suspects cheering on the huge price gains and proclaiming that the idea of a bubble in Seattle has been once and…
Sales, Prices Up Slightly In Olympia
The Olympian wins the contest again for having the first story in my inbox about April’s numbers. Their story only covers the Olympia area, but it should be enough to whet your appetite for the full NWMLS numbers that are supposed to be released later today. In April, home sales rose 10 percent over last…
Merit-less Mortgage Operations
Props to S Crow for pointing out the demise of yet another local mortgage company: Merit. Kirkland-based mortgage company Merit Financial will meet with its 300 employees this morning to let most of them go as executives decide whether to file for bankruptcy, according to two people familiar with the company’s plans. Merit Financial will…