The latest quarterly housing market snapshot from the Washington Center for Real Estate Research (WCRER) was released yesterday, and as expected, the news continues to get better for home buyers. Since we’re talking about January through March, there are no surprises here for anyone that has been following the NWMLS data and the Case-Shiller index….
Category: News
News, current events, etc.
Is the Seattle Area Becoming Unlivable?
Couched in woeful tales of local residents that have been priced out of living in Seattle (buying or renting), a story in yesterday’s Seattle Times explored the question of whether an expensive Seattle is a desirable Seattle. Can Seattle really claim to be a livable city when the median home value is half a million…
Housing Crisis Not Over, Just Starting in Seattle
A couple people pointed out a piece in the Wall Street Journal yesterday titled The Housing Crisis Is Over. I don’t doubt that the mere fact that it was printed in the WSJ makes it gospel to some folks. I am not interested in writing a rebuttal to this piece, as that has already been…
April Reporting Roundup
Yesterday I predicted that the local reporting would focus on the paltry month-to-month median price increase, backed up by a plethora of quotes from peppy real estate agents. Today’s reporting, for the most part, does not disappoint. I’m starting to get the impression as I read some of these articles that the reporters are just…
Pierce County Home Builders Feeling the Pinch
Yesterday’s Tacoma News Tribune had an article about new construction in outlying areas, which is becoming front line of the Puget Sound housing bust. In short: it ain’t pretty for builders. Facing fewer buyers and many, many homes for sale, South Sound builders are pulling back and getting extra promotional. Builders have slowed construction schedules…