Wasn’t it just a year ago that we were still being regaled with stories about how tight the housing supply was in the Seattle area, and how our population has been growing so fast that construction just couldn’t keep up, so of course high home prices and increasing rents are going to continue forever and…
Category: News
News, current events, etc.
January Reporting Roundup: C’mon ‘N Ride The Train
Here’s the NWMLS press release that accompanied yesterday’s numbers: Home Buyers Starting to Seize Opportunities in Some Western Washington Areas “Home buyers in Pierce and Kitsap are starting to recognize the opportunities that exist for first-time buyers and those looking to buy a home in the more affordable price ranges,” said J. Lennox Scott, chairman…
Bill Virgin: Will Recession Hit Seattle Harder than Elsewhere?
Yet another great editorial from Bill Virgin: Once considered recession-proof, Seattle no longer is Recessions, Seattle has long believed, were phenomena that happened to other, less fortunate, less blessed and, frankly, less gifted parts of the world. … Until now. As recently as the first half of 2008, you could find plenty of people who…
Zillow: Seattle Home Sellers Take Increasing Losses
Zillow has posted their latest quarterly home value reports. Their charts for the Seattle area include a graph of the percentage of homes sold at a loss (approaching 30%) as well as a chart showing the percentage of recent buyers with negative equity (over 50% of 2007 buyers). Interesting stuff from Zillow as usual. You…
Ron Sims: HUD Deputy Secretary
Recall King County Executive Ron Sims’ “tweet” back in September: By early next year, many will come to regret their decision to delay buying a home. Now word has it that this housing sage will be heading to DC to take the number 2 position at the Department of Housing and Urban Development. Perhaps his…