As the housing market has slowed dramatically from the heady boom years of 2005 and 2006, the number of discount real estate brokers has been on the rise. While Redfin made a big splash in 2004, and continues to be the discount market leader, as the market tumbles other competitors continue to crop up. As…
Category: News
News, current events, etc.
October Reporting Roundup
Let’s take some time to check out the local press’ reaction to the undeniably slow NWMLS housing market statistics for October. Here’s a blurb from the NWMLS press release that accompanied yesterday’s numbers: Housing Activity in Western Washington during October Described as "Disappointing, but Not Unexpected" Housing activity for Northwest Multiple Listing Service members was…
Cool New Features on Redfin
For those of you that have been waiting for Redfin to add the NWMLS Cumulative Days on Market to the information displayed on listings, your wait is over. Redfin unveiled a bunch of new features today. Here’s a list of what I’ve noticed so far: Cumulative Days on Market displayed property type now broken down…
Forbes: Seattle Most Likely to Rebound
In a story eerily similar to SmartMoney’s “best shape for a rebound” article Forbes once again places Seattle #1 on their own list of Real Estate Markets Most Likely To Rebound. The best cities in which to invest are those that are considered gateways to international investment, have vital downtowns where people can forgo cars,…
Zillow: Some Homeowners Still Fooling Themselves
Zillow’s latest Homeowner Confidence Survey is at least worth a brief mention. According to the third quarter update, only 65% of homeowners in the West believe that their home declined in value over the last year, while in reality 85% of homes experienced falling prices. Read Zillow’s own blog post about the report here. Also…