Okay let’s try to group the rest of the March articles into one post. The Seattle P-I assures us that everything is perfectly normal. Pending home sales in Seattle and King County fell again in March, while home prices continued to climb. Real estate experts said the declining sales shouldn’t be cause for concern and…
Year: 2006
Perplexing March Reporting
Let’s take a look at our friend Elizabeth Rhodes’ more lengthy article in today’s Seattle Times, where she paints a picture of a Seattle area real estate market that is still super-hot and doesn’t know the meaning of slowdown. I usually try to limit article quotes to just a few paragraphs but this one has…
Times’ Report Not Consistent With Figures
I could be missing something here, but yesterday’s blurb in the Seattle Times about the March sales figures seems to me to be blatantly misrepresenting the facts. Western Washington home prices continued to climb last month as 17 of 20 counties reported price increases of 20 percent or more compared with a year earlier. That’s…
Pierce Also Feeling Slowdown
Moving a little further north, it appears that Pierce county is noticing the slowdown as well, though not to quite the same degree as Thurston. More homes are hitting the market and staying there, as housing prices continue to climb, according to new numbers released today by the Northwest Multiple Listing Service.…The biggest change was…
Slowdown Marches Northward Through Olympia
As I’ve been following the other bubble blogs over the past year or so, it has seemed like the housing slowdown is slowly moving from the south to north and east to west, with our state being at the trailing end of market realities. In the recent months, I’ve seen articles first about slowing in…