It looks like we may not get to have a 2007 Street of (Materialistic) Dreams follow-up post this year like we had for 2006, since the homes have apparently been torched. KING 5 / AP Several homes were destroyed by a series of fires early this morning in a Street of Dreams neighborhood near Maltby…
Category: News
News, current events, etc.
Shady Practice of Relisting Gets National Attention
A few people pointed out this national story that ran on last night’s Nightline: Buyer Beware: Unsold Homes Are Often ‘Re-listed’. It’s a tactic called “re-listing,” which is legal and more common than you think. “Re-listing is just refreshing the home on the market,” Niece explained, “making the home look like it just came on…
Realtors: Want to know why many people don’t trust you?
If you want to know why people don’t tend to trust real estate agents, here’s a great example from a Q&A with Bill Hutchinson, president of the Thurston County Realtors Association in The Olympian: Q: Given where the market is today compared with a couple of years ago, what would your advice be for sellers…
Radar Logic: Seattle Going Into the Red
Uh-oh, looks like Seattle is starting to get some negative national attention. As in, coverage that isn’t saying “wow, look what a strong, resilient housing market,” but rather “looks like Seattle’s housing market is poised to fall.” Seattle, wake up and smell the coffee, your housing prices may be falling faster than foam on a…
Declining Real Estate Sales Hitting State Revenues
Looks like that slowdown in state government revenues that Washington State’s chief economist ChangMook Sohn has been consistently warning us about really has come to pass. Sharp declines in predicted revenue from the real estate excise tax and a mild national recession have led the state’s top economist to downgrade his revenue forecast by $423…