Over in the open thread, a reader dropped a link to an amusing article from Forbes: No Double-Dip For Housing Although the end of the Fed’s purchases will certainly not help the housing market, we do not believe it will result in a “double-dip” for housing or the economy. Instead, we expect home building, home…
Category: Features
Cheapest Homes: April Edition
Let’s check in again on the cheapest homes around Seattle proper. We’re going to tweak the methodology slightly based on user feedback, so here’s the new methodology: I’ll search the listings for the cheapest homes currently on the market, excluding short sales, in the city of Seattle proper. Any properties that are in obvious states…
New Data Conclusively Proves April 2010 Is The Bottom
Just-released data on open house traffic, phone calls placed to realtors, and casual searches at online listing sites, all point to a single, undeniable conclusion: April 2010 is the bottom of Seattle’s minor real estate adjustment. Look at this highly reliable chart of OPEN HOUSE TRAFFIC©®™ sent to me by a trustworthy leading industry representative:…
Friday Flashback: Housing does not go backward
Shortly after I started this blog, I came across this opinion piece published in the Everett Herald, written by local “Real Estate Communicator” Tom Kelly in October 2005 (emphasis mine): Waiting to buy may not be wise Is there significant merit in waiting for the local housing market to cool before jumping in to buy…
Bottom-Calling Checkup: Still No Bottom Sighted
Speaking of the bottom, let’s have another checkup on how things are progressing with respect to our bottom-calling series from February, in which we explored six different methods of forecasting the bottom for Seattle-area home prices. Not a lot of news since our last checkup in December, when we had passed three of our six…