It’s getting more and more difficult for the local press to pretend like everything is roses, bubbles, and white puffy clouds in the local housing market. So, what’s the next best thing to pumping housing? Spreading fear about renting! Renters have been saying loudly that rents are rising steeply and vacancies are few. Now comes…
Category: News
News, current events, etc.
“Positive Fundamentals” with “Hints of Weakness”
Ahh, Les Christie of CNN Money—the perfect national companion to our local captain of the real estate cheerleading squad, Elizabeth Rhodes. Where would we be without your frequent reports reminding everyone across the country just how special Seattle is? In the middle of a nationwide housing slump, a few markets have held their ground –…
Seattle’s “Seller’s Market” Status Rapidly Eroding
Forbes has come out with yet another real estate “Top 10” list, this time gabbing on about the “Top Home Sellers’ Markets.” Interestingly, Seattle is conspicuously absent from the list. They explain: The MethodologyTo measure inventory glut, we used Moody’s Economy.com and National Association of Realtors data that tracked a market’s current sales rate by…
Seattle Risk Doubles in Improved PMI Model
The latest report from the PMI Group has been released, and the news is increasingly bad for Seattle: Click to enlarge As noted on the graph, PMI did improve their model with this latest report, so while Seattle’s new Risk Index of 343 is not directly comparable to its previous index of 167, the news…
Why Inventory Matters
A Note From The Tim: I’d like to welcome Deejayoh as a poster to the blog. His contributions to the forum have been vast, interesting, and informative. I’m happy to help him bring his insightful analysis to a larger audience. He is a great asset to this community. Click on any of the images in…