Last summer we ran a poll that asked the question “When will interest rates first rise back above 6%?” Here are the results of that poll: With the rate for a 30-year fixed currently averaging 3.69%, it’s rather startling that 36% of you believed that interest rates would rise above six percent before the end…
Category: Features
Is Well Water a Benefit or a Detriment to a Home?
An interesting topic came up in the comments on the Avondale Albatross update: If a home is on well water do most buyers consider that to be a desireable feature or something they’d rather avoid? Ardell: …why would someone build a 5,000 square foot house on well water, and why would someone pay $1,275,000 for…
Nearly a Third of Sellers Will Overprice On Purpose
Full disclosure: The Tim is employed by Redfin. On Monday I posted the results of a new quarterly survey of home sellers that we’re doing at Redfin. This part in particular stood out to me as I was analyzing the responses: …when asked how they approach pricing their home 32% of sellers indicated that they…
Avondale Albatross Finally Unloaded at 52% of ’07 Price
It’s time for what will most likely be our final update on the Avondale Albatross, the storied spec home first spotted on these pages in June 2006, and most recently foreclosed by Bank of America, who had been attempting to unload it since last November. According to the MLS, yesterday Bank of America was finally…
Underwater? Pros and Cons of Trying a Short Sale
Seattle Bubble regular Kary Krismer recently wrote a pair of posts drawing on his legal and real estate experience to give a relatively unbiased look at the factors to consider when you’re thinking about whether you should or shouldn’t try a short sale if you’re underwater and want to get out of your home. On…