Here are a pair of noteworthy comments from yesterday’s discussion about large price haircuts. photo by Flickr user allyaubry By Guest: 1. What’s up with the sudden popularity of phrases regarding debt and suffering that include the word “haircut.” 2. A “FUN” property? What exactly is “fun” about this situation. How is an inflated “boom-era”…
Category: Features
What’s the Worst Home Price Haircut You’ve Found?
I received the following suggestion from a reader in an email with the subject: “Column Idea: Worst Haircut?” Here’s a fun property: 42905 SE 177th St in North Bend Sold in August 2003 for $570,000, then sold for the insane price of $725,000 in April 2007, only to get taken back by the bank in…
Real Actual Listing Photos: Guess What’s Amiss Edition (The Original Czech Sky Post)
It’s time for a special edition of Real Actual Listing Photos, where we play a game I just invented called “Guess What’s Amiss.” Here’s how this game works: I’ll post photos from a handful of listings, and you see if you can guess what’s odd about them that would cause me to feature them here….
Reader Question: Is FHA financing a seller repellent?
A reader emailed me with the following question: My girlfriend and I put an offer on a house last week. The house was listed in the upper $500k range, and we offered $25k under asking with $10k in closing costs to be paid by the seller. We had 1% in earnest money included in the…
Big Picture Week: Unemployment and Foreclosures
To close out the week, let’s have a 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 8.0% (63% higher than the 1990-2006 average). Over that same…