Fair warning: it’s a slow week this week, so I’ll be posting a few “filler” items like this one. First up, the top ten most-commented posts of 2011, excluding open threads. 147 comments, 04/21: Has the Tide Turned Against Home Ownership? 156 comments, 10/27: Obama "Can’t Wait" to Screw with the Market Even More 172…
Category: Features
40% Off and Counting for the Avondale Albatross
Remember the Avondale Albatross? Last gracing these pages a year ago, the storied spec home (something of a Seattle Bubble mascot) was first noticed on these pages way back in June 2006 when it was priced at $1,625,000. Here’s the history of this 4,900 sq. ft. spec home on 3 acres a bit north of…
Real Actual Listing Photos: BEHOLD THE HYPERCLOUDS
It’s time for another installment of Real Actual Listing Photos. Once a month (or so) I round up some of the most bizarre listing photos from around the Seattle area and post them here, with brief excerpts from the real actual listing description, and probably a bit of snarky commentary. The idea for this series…
Guess the Price Round 2: We Have a Winner!
Recall the price-guessing contest posted to these pages on July 20th: Guess the Price Round 2: Capitol Hill Remodel Flip Today’s “Guess the Price” guest star is 1520 24th Ave E in Seattle. With a current asking price of $649,000, this home has been on the market for 18 days, and is neither bank-owned nor…
Big Picture 2011: Unemployment and Foreclosures
To close out the week, let’s take an updated look at a couple of factors that are continuing to drag the local housing market down: unemployment and foreclosures. From 1990 through 2006, the average unemployment rate in King County was 4.9%. The unemployment rate is currently 7.9% (61% higher than the 1990-2006 average). Over that…