Redfin rolled out some great new statistical features today that are definitely worth mentioning. Automated market statistics broken down by city, neighborhood, or zip code, with charts showing inventory, price per square foot, and price reduction trends over the last year. CEO Glenn Kelman announces the new features in a blog post today: Redfin released…
Category: News
News, current events, etc.
“Vast Majority” of Buyers Bail, Moda Condos Goes Rental
Lots of local real estate news hitting today. Here’s another short one: Moda Condos in Belltown goes rental. When Moda Condominiums started accepting reservations in September 2006, prospective buyers lined up hours early and quickly locked up all 251 units. Now, with the Belltown building two months from completion, Moda’s developers have changed it to…
Falling from the outside in
One of the topics discussed frequently on this blog is the notion that prices in the suburbs are likely to fall much further and faster than prices in the urban core of Seattle. Yesterday Zillow posted their quarterly market update data. I will say that while I’m ambivalent about Zillow’s “Z-estimate” feature, which attempts to…
July Reporting Roundup
Even when we have direct access to the hard facts of the local real estate market, it’s still fun to see what kind of spin the local papers put into their report of the data. So, it is time yet again to continue our monthly tradition of rounding up all the local “mainstream” articles about…
Washington State’s Economy: Gregoire vs. Gregoire
February, 2008: Gov. Chris Gregoire, at a Seattle economic forum Thursday, boasted she has found that Washington is “literally the envy of other states.” “I ask all of us to make sure that we do not buy into, or even for that matter, listen to, the dire talk internationally and nationally, because it can become…