Even Inman News is having a hard time denying the Nortwest’s housing slowdown (link becomes subscription-only after today): Home sales in western Washington declined for the sixth straight month in August amid surging inventory, while home prices maintained double-digit annual growth, according to the latest report from the Northwest Multiple Listing Service.…In Pierce County, the…
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P-I August Numbers Pre-Report Report
It looks like the local rags are finally going to get around to reporting on the August NWMLS figures. In preparation, the P-I is already practicing their anti-bubble spin with the pre-report report. Real estate experts expect to see slowing sales and price gains and increased inventory, but nothing resembling a bursting bubble, when the…
Mapping Housing Market Health
A pair of maps containing interesting statistics surfaced in the past few weeks that are worth sharing here. First is the “Map of Misery” from BusinessWeek, showing “the percentage of new and refinanced mortgages into loans with payment options.” This is important to note, because as BusinessWeek explains: The option adjustable rate mortgage (ARM) might…
Economy.com: Seattle Definitely Special
Commenter MIDan pointed out a downright funny article over at Forbes.com in which they publish graphs predicting the next ten years of real estate prices in 15 metro areas around the country, including Seattle. Here’s their graph for Seattle: You just know it has to be correct, because I mean listen to this terribly convincing…
"An abundance of homes" in Thurston County
Usually the Olympian beats the Seattle rags by a day with their report on the latest monthly housing figures. For some reason, this month the Times, P-I, and everyone else seems to be sitting on their hands, allowing the Olympian to beat them by no fewer than three days with their report of the continued…