November numbers were released today by the Northwest Multiple Listing Service. You can check out the raw numbers here in PDF format, or you’ve got your pick of four local papers and their commentary on what the numbers “mean”: Much like the movie “Groundhog Day,” the latest news on local home sales may sound like…
Category: Local
Local News
State Revenue Continues To Bubble
Here’s the latest installment of “Government Revenue Bubble,” courtesy of the Tacoma News-Tribune: Washington’s hot economy, still surging with a mighty assist from construction and real estate sales, will boost state income by more than $300 million, forecasters said Thursday. But in the same breath, economists warned of a slowdown, and Gov. Christine Gregoire and…
Don’t Wait To Buy?
Writer Tom Kelly offers an opinion piece in the Everett Herald in which he takes a very matter-of-fact tone. To hear him tell it, there’s no question, prices will not decrease in the Puget Sound: Is there significant merit in waiting for the local housing market to cool before jumping in to buy a home?…
Real Estate Boom Beefs Up State Income
The real estate blitz is having a noticeable effect on state revenue: Washington state’s surging economy, driven by a continuing construction boom and red-hot real estate market, will pump an additional $493 million into state coffers, forecasters said today. The good news – the third quarterly revenue surge in a row – brings the state’s…
Local Radio Looks at the Bubble
AM Radio station 710 KIRO is in the middle of a 5-part series titled CloseUp: Housing Bubble. Here are some notable highlights from the first two parts: Brooks: When the bottom fell out in 1990 home prices in Seattle stayed flat, and in some places dropped, but eventually rebounded. He believes Seattle has some things…