Eileen Tefft over at Rain City Real Estate Guide pointed out that Bankrate.com has ranked Seattle (together with Portland) as one of the top ten "bubble blowers" — places that they say "appreciation should continue to grow." The overall news out of the Pacific Northwest isn’t great. The area lost jobs in the tech bust…
Category: News
News, current events, etc.
March Sales Figures Roundup
Okay let’s try to group the rest of the March articles into one post. The Seattle P-I assures us that everything is perfectly normal. Pending home sales in Seattle and King County fell again in March, while home prices continued to climb. Real estate experts said the declining sales shouldn’t be cause for concern and…
Perplexing March Reporting
Let’s take a look at our friend Elizabeth Rhodes’ more lengthy article in today’s Seattle Times, where she paints a picture of a Seattle area real estate market that is still super-hot and doesn’t know the meaning of slowdown. I usually try to limit article quotes to just a few paragraphs but this one has…
Pierce Also Feeling Slowdown
Moving a little further north, it appears that Pierce county is noticing the slowdown as well, though not to quite the same degree as Thurston. More homes are hitting the market and staying there, as housing prices continue to climb, according to new numbers released today by the Northwest Multiple Listing Service.…The biggest change was…
Slowdown Marches Northward Through Olympia
As I’ve been following the other bubble blogs over the past year or so, it has seemed like the housing slowdown is slowly moving from the south to north and east to west, with our state being at the trailing end of market realities. In the recent months, I’ve seen articles first about slowing in…