Picked this up from Aubrey Cohen’s blog. Lawrence Yun, Chief Economist for the NAR and well-known real estate seer has confirmed what our local press and real estate folks have know for years: Seattle really is special! It’s about jobs and Microsoft millionaires. Why didn’t we think about that?!?! Seattle a “superstar” market Seattle is…
Category: News
News, current events, etc.
Can we talk? Full disclosure. What does it mean to you?
I enjoy discussions here because it’s where consumers are. It is like a laboratory of information. One area that is of interest to me, in a large way, is what makes people do what they do. I’m speaking of three groups primarily: consumers and the two primary players in our business, the loan officers and…
Crellin: Keep Homes Off the Market—Return “Balance”
If you’ve been reading this site for more than a few weeks, you’ve probably heard of the Washington Center for Real Estate Research at WSU and its spokesman Glenn Crellin. Mr. Crellin is frequently quoted as an authority on local real estate markets across Washington State. With a neutral-sounding name like “Center” and its existence…
“If middle-class people cannot afford middle-class homes, it’s because they are overpriced.”
There’s a decent editorial in today’s Seattle Times: Wages stick to the floor. While I strongly sympathize with the difficulty that middle-class people have buying homes in King County, subsidizing middle-income housing just makes no sense… …the tax burden for subsidizing middle-class housing would be borne mostly by the middle class. In addition, subsidizing middle-class…
I-747 Tossed, R-67 Passed = More Market Downers?
Hmm, this seems like it could be a timely lucky break for state and local governments that have failed to responsibly save any of their recently booming property-tax revenue: The State Supreme Court today found Initiative 747, the tax-limiting measure passed by voters in 2001, unconstitutional. … The measure, passed by voters in 2001, limited…