Here comes this month’s market reporting roundup. After seven months of declining/flat prices, declining year-over-year sales in 27 of the last 28 months, and 23 straight months of an ever-increasing number of homes on the market, I think we can officially declare that the Seattle-area housing market is in a slump. Of course, while the…
Category: News
News, current events, etc.
2007 Street of (Materialistic) Dreams Torched
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…
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…